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Old 20th August 2007, 13:55   #46
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I can see if their sales stagnate in developed markets, but cant fathom why they've slipped.
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Old 20th August 2007, 15:08   #47
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Originally Posted by rahul_intlad View Post
Worldwide Hyundai is having a real bad time now,with sales falling quite significantly,infact in their home market korea itself things are quite bad,so much so that they plan to stop manufacturing the getz there.
Wow! That's interesting piece of news. Any information on how GMDAT sales are going in Korea?
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Old 20th August 2007, 15:15   #48
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GMDAT seems to have done well in Daewoo's home turf.
Quote:
GM Daewoo Auto & Technology Co, South Korea's third-largest automaker by sales volume, said Wednesday that its sales last month surged, led by strong exports. The company said it sold 88,832 vehicles in July, up 39.5 percent year-on-year, bringing sales for the first seven months of 2007 to 572,487 vehicles, representing a 32.2 percent gain
Source:
SKorea's GM Daewoo July vehicle sales rise 39.5 pct yr-on-yr - Forbes.com
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Old 20th August 2007, 19:43   #49
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Originally Posted by pingme View Post
I beleive there is a difference, Fiat, Ford and Gm are in trouble due to heavy labor, insurance bills and profits etc. While Hundai here is in trouble due to all wrong reasons!
Guys, we fortot another corruption story in another car maker. The name is <del> VISHishta Wahan </del> Volkswagen.
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Old 25th August 2007, 20:54   #50
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Vice chairman of Hyundai Motors speaks:
Quote:
The environment surrounding the South Korean auto industry is increasingly deteriorating,"

"There are big risk factors going forward such as a strong won, a weak yen, higher oil prices and a downturn in domestic consumption

The firm's sustainable growth is being threatened by global competition and growing safety and environmental regulations.

Hyundai also faces falling productivity and shrinking profits. Net profit plunged 34 percent to 1.53 trillion won (US$1.63 billion) last year because of strikes and the won's rise
Source:
Taipei Times - archives

Yet another strike has begun:
Strike by contract workers at Kia plant halts production - International Herald Tribune
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