The 14 partial strikes at Hyundai reportedly have caused production losses of 65,500 vehicles valued at 1.47 trillion won. The automaker’s labor troubles in Korea are mitigated by the performance of its overseas plants.
The paucity of recharge stations still is seen as a major problem, with only 10 available throughout Korea. The government says it will increase the number of stations to 80 by the end of 2020, and to 520 by 2030.
The plant was built in Mexico to take advantage of tariff-free access to U.S. and Canadian markets under NAFTA. Spokesmen confirm 80% of production is earmarked for export to the U.S. and Latin America.
The deal calls for an 80,000 won average monthly wage increase, a lump-sum 6.5 million won incentive bonus payable when the new contract is signed and a 4.5 million won performance-based bonus payable at year’s end.
Getting to the tentative agreement has been tough, company sources say. Talks began April 26, with 30 full negotiating rounds held over more than four months until the tentative deal was reached Sept. 6.
The Korean Metal Workers Union actively campaigned against the agreement, which failed by the largest margin in union history. Labor unrest is cited as the reason GM CEO Mary Barra canceled a planned trip to Korea.
In the Korean language, V and B have a common pronunciation, and the Hangul written or printed symbols for Bolt and Volt are identical. To distinguish the two marques’ names, GM Korea is adding the English letters “EV” after the Hangul spelling of Bolt.
Sources in the prosecutor’s office say Johannes Thammer is suspected of faking emissions, NVH and fuel-efficiency test documents to win government certification for more than 80 variations of 32 basic models sold in Korea since 2009.
We call out vehicles with problematic fit-and-finish, materials, ergonomics or unfortunate design choices. Each of these items resulted in points deducted as WardsAuto editors selected the 2016 Wards 10 Best Interiors.