Chairman Chung has said no new plants planned during next two years while auto maker focuses on increasing brand value, quality.
Hyundai management and the Hyundai chapter of the Korea Metal Workers Union fail to reach an accord in resumed labor negotiations Tuesday in Korea, and the union says it will lay down tools again for eight hours daily on Aug. 28 and 30. Analysts anticipate the auto maker will lose more than 7,000 additional units of production as a result, bringing total losses caused by two weeks of partial strikes to roughly 27,000 vehicles valued at an estimated 448 billion won ($400 million). No ...
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