Negotiators representing 48,000 Hyundai workers held a 14th bargaining session with management Thursday, but the talks broke off after two hours. Both sides say they are far apart on most of their respective demands.
The Hyundai Motor Branch of the Korean Metal Workers Union’s demands include a 7.2% wage increase, bonuses equivalent to 30% of each union member’s net 2015 income and reinstatement of all laid-off workers.
Tesla could become Korea’s top seller of all-electric vehicles almost overnight, because the market is minuscule. According to the Korean Automobile Manufacturers Assn., only 1,183 all-electric vehicles were sold in the country in 2014.
Hyundai does not offer an explanation for the Porter’s popularity in Korea. Some pundits speculate a poor economy has led many entrepreneurs to go into the street-vending or delivery business, thus boosting demand for lightweight pickups.
Kia refuses to discuss the details, but government officials in Nuevo Leon say Kia agreed to increase purchases from local Mexican suppliers, accept a reduction in the previous 20-year tax exemption to a 95% exemption for five years and let the state off the hook for paying for electricity and water.
Both the Kia Morning and Hyundai Eon lacked airbags and received zero stars for adult-occupant protection. The Morning scored 1.48 points and Eon none of a possible 16. For child-occupant protection, both models achieved 1-star ratings.
Last year, Hyundai was the first automaker in the world to sell a vehicle powered by a hydrogen fuel cell. Hyundai Vice Chairman Woong-chul Yang makes it clear the automaker plans to be a trailblazer in hybrids as well as fuel cells....More
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.