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Stock Market & Financial Investment News

News Breaks
April 21, 2014
07:42 EDTHYMLFHyundai reveals small China SUV concept, Reuters says
Hyundai revealed its small sport utility vehicle concept which is aimed at the Chinese market, according to Reuters, citing a statement from the company. The automaker said that the ix25 concept, which was unveiled at the Beijing auto show, is smaller than Hyundai's Tucson compact SUV and will go into sales in 2H14. 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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