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Stock Market & Financial Investment News

News Breaks
March 11, 2014
07:23 EDTHYMLFHyundai to debut first battery-powered electric car in FY16, Reuters says
Hyundai is planning to begin selling its first battery-powered electric vehicle in FY16 as the South Korean company places its bets on next-generation green technology, according to Reuters, citing comments from the company's senior vice president Lee Ki-sang. Reference Link
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April 16, 2015
19:04 EDTHYMLFHyundai looks to institute merit-based pay, Reuters says
Hyundai is looking to overhaul its wage policy, basing pay on merit rather than seniority, reports Reuters, citing a letter by CEO Yoon Gap-han to company employees. "Our wages have reached a critical limit as a manufacturing company... I am concerned that Hyundai may face a situation where it is impossible to produce vehicles at domestic factories anymore," said the CEO. The proposed policy changes would not reduce current wages or yield immediate savings, said the company. Reference Link

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