Industry sources say Kia has lost production of 64,000 vehicles valued at 2.1 trillion won. Hyundai, which has double the production capacity of Kia in Korea, lost almost exactly twice as many builds: 130,000 vehicles valued at 3.1 trillion won.
“The voluntary pay cut is effective this month for an unspecified duration,” a spokesman tells WardsAuto. Participating are executives at Hyundai Motor, Kia Motors and more than 50 major affiliated companies within the Hyundai Group.
GM Korea President and CEO James Kim says Korean customers had expected the Bolt to be offered locally, although a spokesman for the automaker earlier this week said GM only was “studying” whether to offer the EV there.
Hyundai downplays the seriousness of flooding and storm damage at its Ulsan plants, saying only that the typhoon has temporarily halted production. Workers say nature is taking the strike action they have suspended, at least temporarily.
Korean Metal Workers Union sources say strike action likely will continue next week under the direction of Hyundai Div. President Park Yoo-ki. It is unclear if the Korean government will order the union to immediately end its strike action.
Cabinet ministers meeting Wednesday in an emergency session announced they may issue a mediation order requiring the union to immediately stop the walkouts, a legal intervention that has not been applied in the auto industry in 23 years.
GM Korea notes the joint promotion with the Auction online shopping site won’t be followed by offering more models, but is a special promotion to help bring the new Aveo to the attention of potential women buyers ages 30-40.
Prosecutors questioned Detlef Stendel, the emissions-certification manager at Volkswagen’s German headquarters since 2004, about whether the automaker instructed executives in Korea to install emissions-cheating software in VW diesel engines.
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.
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.