After the dream-run that Hyundai-Kia had for a while things aren't particularly bright right now nor does it look like they will improve in the near future,now its upto Hyundai to ensure we do not see the repeat of the Daewoo story.
Vice chairman of Hyundai Motors speaks:
| The environment surrounding the South Korean auto industry is increasingly deteriorating," "There are big risk factors going forward such as a strong won, a weak yen, higher oil prices and a downturn in domestic consumption The firm's sustainable growth is being threatened by global competition and growing safety and environmental regulations. Hyundai also faces falling productivity and shrinking profits. Net profit plunged 34 percent to 1.53 trillion won (US$1.63 billion) last year because of strikes and the won's rise |
Taipei Times - archives
Yet another strike has begun:
Strike by contract workers at Kia plant halts production - International Herald Tribune
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