Foreign automakers can import their small cars into Korea, but without city-car certification they must compete against homegrown models that meet the requirements and entice buyers with many government incentives.
Officially they’re separate companies, but group Chairman Chung Mong-koo has Hyundai and Kia working closely in concert as he looks to maximize efficiencies and continue to move the two up the world rankings of biggest and best-loved brands.
Anger over the Hyundai chairman’s Gangnam real-estate splurge seemingly was outweighed by the more than $25,000 in higher wages and added bonuses for every fulltime worker. Analysts who were skeptical but not publicly critical of the Gangnam deal now are saying it was a brilliant, forward-thinking move.
The plan includes redesigned versions of the S80, V70, XC60, S60 and V60, as well as new V40 and XC40 for the U.S. By the time Volvo’s product offensive is complete four years from now, no vehicle in the lineup will be more than four years old....More
Today’s auto-industry executives must connect Silicon Valley and Detroit, as well as address entirely new dimensions of safety concerns, such as how to protect their customers’ privacy and data....More