Vince Courtenay


Vince covers South Korea and other markets in the Asia/Pacific region.

Articles by Vince Courtenay
Strikes Slash Hyundai 2013 Output by 102,000 Units 
Production losses dating back to April are the highest from a strike action the auto maker has ever sustained within one year.
Hyundai, Union Prepare to Formally Resume Bargaining 
Hyundai management will meet Aug. 27 with negotiators from the union. This follows partial strikes of four hours on each of two shifts on Aug. 23 and Aug. 26.
VW Korea Managing Director Jumps to Renault Samsung 
Some analysts think Park may have left for the same reason as other VW Korea executives: frustration with senior administrators from Germany who allegedly are interfering with the Korean managers’ successful programs.
Renewed Hyundai Labor Talks Break Down; Union Doubles Strike Action 
The union plans to double up on partial strikes for Friday and Monday and is forbidding members to work on the two scheduled weekend shifts, ratcheting up possible lost production time to a total 48 hours.
Partial Strike Extends From Hyundai to Kia Affiliate 
Analysts say the strike action comes at a critical time for Hyundai, which last week launched sales of the much-awaited restyled new Avante (Elantra), consistently the brand’s top-selling model.
Strike Cuts Hyundai Output Ahead of Reopened Talks 
Union officials vow strike action will continue unless the auto maker presents a comprehensive proposal addressing wages, job security and other issues. Hyundai already has said the current demands are excessive and cannot be met.
Hyundai Union to Stage Partial Strikes This Week 
Some analysts believe the union will try to wind up labor talks with the company before the annual Chuseok holiday begins Sept. 17, but union sources say negotiations will continue until a satisfactory agreement is reached.
Kia to Show Off Picanto LPG
The new model is expected to account for up to 7% of the car’s sales, with availability set for seven European countries.
Hyundai CEO Asks Union to Resume Contract Talks
Despite seeking resumption of bargaining, a union source says Yoon Gap-Han does not indicate the auto maker is willing to meet any of the union’s demands.
Hyundai, Kia Workers Authorize Strikes as Talks Stall
In addition to the breakdown of talks, a management document outlining a scheme for “demolition” of the Hyundai union has surfaced, infuriating members who plan a major demonstration at the auto maker’s headquarters.
Union Calls News Leak GM Korea Ploy to Curtail Wages
Union officials see the auto maker’s veiled threat to ease its way out of South Korea as a tactic to force a compromise on back pay for workers if it loses lawsuits demanding compensation for unpaid overtime.
Kia KED-10 Concept Car to Be Unveiled at Frankfurt Show
The Korean auto maker says the “dramatic new European concept hints at a possible future B-segment contender ready to take on the urban environment with style and tenacity.”
Korean Light-Truck Maker Showing New Vitality 
Analysts believe Ssangyong’s outlook is positive as long as harmony prevails among workers and Mahindra continues to nurture the revived company. But it still faces a long road to renewed profitability.
GM Korea Output Surges After Union OKs New Contract 
The next-generation Chevrolet Aveo and Cruze will not be built in Korea, but the auto maker retains other products including the new Chevrolet Spark.
Hyundai, Kia Freeze Global Capacity Expansion 
“We are still studying possible expansion, but for the next 2-year period the focus is on quality and brand improvement,” Hyundai spokesman Frank Ahrens says as analysts question why the auto maker is locking in supply when demand is high.
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