Should Hyundai’s labor costs go up inordinately by accepting the union’s wage-recalculation demand, suppliers would be squeezed to cut their margins and they would do likewise with their own smaller suppliers of parts, materials and services....More
The KMWU says on its website it had no choice but to call a strike as Hyundai negotiators would not budge on any of the union’s major proposals, including the key demand the automaker include bonus payments in calculating basic wages....More
Toyota sold 665,740 hybrids in the year’s first six months, 4.1% ahead of last year's record pace. Honda followed with global sales of 158,696 units, a 105.8% spike, while Hyundai jumped 33% to 27,118....More
Analysts note that while this week’s expected verdicts are subject to a lengthy appeal process, rulings in favor of the workers will have a resounding effect throughout not only Korea’s automotive industry but also the entire manufacturing sector....More
Ssangyong’s offer would substantially hike payments for overtime, holiday work and severance packages at retirement. But analysts say the low-volume automaker is on the threshold of a turnaround and a strike would destroy the momentum....More
Workers at GM Korea and Renault Samsung have voted to authorize strikes, and their counterparts at Hyundai, Kia and Ssangyong threaten to walk out to underscore their demands for wage increases, wage reform and other changes....More
Highlights from the Ward’s 10 Best Interiors Ceremony held during the WardsAuto Interiors Conference on May 21, 2014 in Dearborn, MI. WardsAuto World Editor-in-Chief Drew Winter announces the winners and calls auto maker representatives to the stage to accept their honors....More
Besides economy and performance, there also is the prestige factor. Bragging rights are a strong feature of Korean culture and the domestic diesels approach the status of the coveted German imports that mostly are diesel-powered....More
Ambient lighting takes center stage in the 2014 Ward's 10 Best Interiors competition. Even certain vehicles that failed to make the cut manage to deliver impressive cabin lighting that is soft, distinctive, occasionally sporty and, at times, romantic.
While both Hyundai and Kia forecast sluggish markets that will limit growth for 2014, and report operating and net income was down in 2013, union negotiators likely will not perceive them to be in dire straits....More
WardsAuto highlights some of the disappointing features identified in vehicles evaluated for 2014 Ward's 10 Best Interiors. Problems range from fit-and-finish and ergonomics to comfort and overall layout. These are the types of issues that result in lower scores for vehicles in the competition.
WardsAuto editors gather for the final two roundtable discussions announcing the winners for the 2014 Ward's 10 Best Interiors. Vehicles discussed include: Chevy Corvette, Chrysler 200C, GMC Sierra Denali, Hyundai Equus Ultimate and Jeep Cherokee Limited....More
Chief Johan de Nysschen is looking to lead Cadillac out of a “no-man’s” land, where its vehicles are priced too high for legacy customers and the brand lacks the equity required to conquest Mercedes and BMW buyers....More
In 2017, California’s emissions rules will change and FCVs will carry the traveling credits automakers use to remain 50-state compliant. The rule change could lead to a shift in OEM capital investment....More
The new model should appeal to customers of high-end European makes but “who really want an American car,” says Jim Farley, Ford’s chief marketing officer. “This is an in-your-face (car); there’s nothing subtle about it.”...More
How come we are not getting back to levels of the previous LV sales peak in 2006? The best answer to that question is the underperformance of pickups, especially the untapped potential of small pickups....More