Hyundai Automotive Group, which includes Hyundai Motor Co. Ltd., Kia Motors Corp. and supplier Hyundai Mobis, is in a deep cost-cutting mode, asking all suppliers to bite the bullet and lower prices substantially. In January, group Chairman Chung Mong-koo ordered a 30% reduction in general expenses. In addition, cuts in supplier costs are being negotiated on a company-by-company basis, although no cost target has been announced. However, a Hyundai insider tells Ward’s the company is ...

Premium Content (PAID Subscription Required)

"Printer-friendly" 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 pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.