South Korea-based automaker Hyundai Motor expects growth in the Russian auto market to reduce significantly in 2019, the head of its Russian branch said on Monday. Automakers have warned Russia’s …
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Hyundai Motor
Hyundai Motor and its affiliate Kia Motors are preparing to launch a solar charging technology for some Hyundai vehicles to fulfill global emission regulation targets, the South Korean automakers stated. …
- Hyundai
U.S. Senate panel wants to question Hyundai, Kia over engine fires
by David Bondby David BondThe Senate Commerce Committee’s Republican chairman and ranking Democrat stated on Wednesday they had asked top U.S. executives at Hyundai Motor and Kia Motors to testify at a November 14 …
Hyundai Motor prepares to ship China-made vehicles to Southeast Asia, its China joint venture and two people knowledgeable with the matter informed Reuters, as a plunge in Chinese sales has …
- Hyundai
As Hyundai struggles, its labor union indicates signs of softening
by David Bondby David BondWhen employees at South Korea’s Hyundai Motor went on strike during 2017, the stoppage lasted 24 days, triggered months of negotiations and netted them their smallest raise in almost a …
- Hyundai
Hyundai Motor reaches a tentative wage deal with South Korean labor union
by David Bondby David BondHyundai Motor has reached a tentative wage deal with its South Korean labor union, a company spokesperson stated. The agreement requires an approval from its union members. The over 50,000-member …
- Hyundai
Hyundai Motor’s union votes to strike following failure of wage talks
by David Bondby David BondHyundai Motor’s unionized workers in South Korea voted to strike over stalled wage talks, adding to the woes of the company that is bracing for possible new U.S. tariffs amid …
- Hyundai
Hyundai cautions U.S. car tariffs can harm security ties over North Korea
by David Bondby David BondHyundai Motor cautioned the U.S. administration that enforcing up to 25 percent tariffs on imported vehicles from South Korea would harm a security alliance between the two countries over North …
Hyundai Motor stated on Friday it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years – a strategy that comes amid shareholder pressure to …
U.S. activist hedge fund Elliott Management rejected Hyundai Motor Group’s restructuring plan as insufficient on Monday and called on the South Korean conglomerate to embrace a holding company plan and …
