Hyundai Motor suffers from strike, typhoon
[ THE INVESTOR ] Hyundai Motor is expected to suffer further production losses due to the ongoing labor strike, as well as the latest typhoon that halted operations in its assembly lines. On Oct...
Oct 6, 2016
Hyundai Motor to supply 3,500 taxis to Singapore
[ THE INVESTOR ] Hyundai Motor on Oct. 6 said it has clinched a deal to provide 3,500 i40 diesel taxis to Singapore next year. South Korea’s largest automaker signed a contract with Singapore’s ...
[ANTIGRAFT LAW] How foreign firms in Korea are coping with the new anti-graft law
[ THE INVESTOR ] Multinational firms operating in Korea were as shocked as their local counterparts when it became certain that Seoul would actually push ahead with what is considered to be one of...
Typhoon Chaba halts Hyundai Motor’s production in Ulsan
[ THE INVESTOR ] Hyundai Motor , the nation’s largest automaker, was forced to suspend production at its main auto plants in Ulsan after a strong Typhoon Chaba hit the country’s southern region o...
Korea to examine effectiveness of VW’s Tiguan recall plan
[ THE INVESTOR ] South Korean government on Oct. 6 started to examine the effectiveness of Volkswagen’s recall measures for its sport utility vehicles. The Ministry of Environment and the Nationa...
Hyundai Motor recalls city car in India
[ THE INVESTOR ] Hyundai Motor is recalling 7,657 units of the city car Eon produced at its plant in India in January 2015. The company said that faults have been found in the clutch and battery...
Oct 5, 2016
Hyundai workers threaten general strike
[ THE INVESTOR ] Unionized workers at Hyundai Motor threatened on Oct. 5 to stage a general strike if the government invokes its right to emergency arbitration to order workers to return to work,...
Labor dispute weighs down Hyundai Motor
[ THE INVESTOR ] Hyundai Motor may fall short of its production target this year, weighed down by the ongoing labor dispute. The union has halted walkouts until Oct. 11, with only the union lead...
GM Korea exports locally made Malibu sedans to Mideast
[ THE INVESTOR ] GM Korea has started exporting its all-new Malibu midsize sedans built in South Korea to the Middle East, industry sources said on Oct. 5. The local unit of General Mortors shippe...
Korea’s auto sales shrink 2% in Sept.
[ THE INVESTOR ] Global sales of vehicles produced in South Korea shrank in September from a year earlier as domestic sales of the two largest carmakers here suffered huge setbacks due to reduced o...
Oct 4, 2016
Hyundai Motor sales down 2% in Sept.
[ THE INVESTOR ] Hyundai Motor said on Oct. 4 that its global sales slipped slightly from a year earlier in September due largely to a cut in domestic output caused by a series of labor strikes. ...
Kia Motors sales rise 3% in Sept.
[ THE INVESTOR ] Kia Motors said on Oct. 4 that its global sales gained 3.1 percent from a year earlier last month despite a large cut in domestic sales caused by a series of labor walkouts. The...
Renault Samsung sales plunge 39% in Sept.
[ THE INVESTOR ] Sales of Renault Samsung Motors dropped significantly from a year earlier last month due to a sharp cut in exports caused by a change of a vehicle model, the company said on Oct. ...
Ssangyong Motor sales grow 6% in Sept.
[ THE INVESTOR ] Ssangyong Motor said on Oct. 4 that its global sales continued to grow from a year earlier for a second consecutive month in September. The automaker sold 12,144 cars globally i...
GM Korea sales plunge 12% in Sept.
[ THE INVESTOR ] GM Korea, the local unit of U.S. automaker General Motors, said on Oct. 4 that its sales plummeted over 12 percent from a year earlier in September. Last month, the company sold ...
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