Drastically falling sales in China cause Hyundai Motor Co. Ltd. and Kia Motors Corp. each to hand over control of their Chinese operations to their vice chairmen based in Seoul, Ward’s learns. “This is a move to recover from low sales performance in China after being in a downturn for the past year,” a spokesman says. “We’re trying to put a new focus on sales in China.” Hyundai Vice Chairman and co-CEO Kim Dong-jin takes over responsibility for Beijing Hyundai Motor Co. Ltd.’s sales and ...

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