As China’s car industry loses its shine, automakers are starting to buckle up for the downward slope with Hyundai Motor Co. announcing it is letting workers go and is reviewing production plans in the world’s biggest market.
January 25, 2019hyundai
Business, Logistics
SeongJoon Cho/Bloomberg News
China’s Car Slowdown Begins to Bite as Hyundai Lays Off Workers
SeongJoon Cho/Bloomberg News
Business, Technology, Fuel
David Paul Morris/Bloomberg News
Hyundai Plans $6.7 Billion Investment to Boost Fuel-Cell Output
David Paul Morris/Bloomberg News
Hyundai Motor Group and its suppliers plan to spend $6.7 billion (7.6 trillion won) through 2030 to raise production of fuel cells more than 200-fold as the South Korean automaker targets becoming a key player in new-energy vehicle technology.
December 12, 2018
Business, Equipment
John Sommers II for TT
Hyundai Translead Offers Air Disc Brake from Bendix Spicer
John Sommers II for TT
Bendix Spicer Foundation Brake’s ADB22X-LT air disc brake now is offered by trailer maker Hyundai Translead.
June 23, 2017
Business, Logistics
Hyundai Merchant Marine to Buy Minority Stake in Total Terminals International
Hyundai Merchant Marine will buy a 20% stake in Total Terminals International, agreeing to a $15.6 million deal with Mediterranean Shipping Co. on Jan. 19, one day after a U.S. bankruptcy court approved MSC’s purchase from the bankrupt Hanjin Shipping Co.
January 20, 2017
Government, Business
ATA’s Chris Spear to Join Hyundai
Chris Spear, senior vice president at American Trucking Associations, will leave the federation in October for a position at the Hyundai Motor Co., ATA announced Sept. 10.
September 10, 2015
Business
Hyundai Motor Co.
Report: Hyundai to Enter US Commercial Heavy-Duty Truck Market
Hyundai Motor Co.
Hyundai Motor Co. said it will spend $1.8 billion by 2020 to expand its commercial-vehicle market share and enter the U.S. commercial heavy-duty truck market, Reuters reported.
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