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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:25 EDTHYMLFKorea sues Hyundai after SUV efficiency exaggerated, Bloomberg says
Hyundai was sued by customers in the firm's home market of South Korea after the country's transport ministry said that the car maker exaggerated the fuel efficiency of its diesel-powered Santa Fe sport-utility vehicle built between May 2012 and June 2014, according to Bloomberg, citing a court filing with the Seoul Central District Court. 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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