The multinational motor company headquartered in Seoul, South Korea is the sixth-largest automaker in the world and the world’s largest integrated automobile manufacturing facility. The company has an annual production capacity of 1.6 million units ranging from sedans, SUVs, and trucks to buses. It currently has over 5,000 dealerships and showrooms worldwide. Over half the cars Hyundai sells in the U.S. are made in the U.S which provides about 5,000 jobs to Americans.
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News about Hyundai Motor
The Genesis G70 is coming to the U.S. in 2018.
The automaker is seeking to address investor concerns that it lags rivals in the green car race.
Declining sales could leave the Detroit Three with too many plants in North America.
Moon Jae-in campaigned on a platform of curbing the power of the chaebol, as they are called.
It's a sharp slap on the wrist that will exacerbate reputational woes for the automakers.