Representatives from Hyundai Motor America and Kia Motors America say the April 28 arrest in South Korea of Hyundai Motor Group Chairman Chung Mong-koo on charges of embezzlement is not affecting their business. “We are doing fine, and everything is proceeding as planned. We see no change in our U.S. operations,” an HMA spokesman tells Ward’s. He denies media reports that say Hyundai’s U.S. sales target was slashed for 2006 and that its new Santa Fe cross/utility vehicle has been ...
Premium Content (PAID Subscription Required)
"Hyundai, Kia U.S. Officials Say Chung Arrest Having No Impact" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642