Hyundai Motor Co. Ltd. and Kia Motors Corp. executives are scrambling to replace 3,222 new cars that went down on a car carrier off Singapore May 23 after the carrier collided with an oil tanker just before midnight the preceding day. “The cars were insured, so there is no financial loss, but replacing them poses a temporary problem,” a Hyundai source says. He says the carrier sank with 1,058 Hyundai and 2,164 Kia vehicles on board after the MV Hyundai 105 carrier was struck by the ...

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