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Stock Market & Financial Investment News

News Breaks
July 25, 2014
10:38 EDTHYMLFNHTSA looks into Hyundai Sonata air bag issue, AP says
The National Highway Traffic Safety Administration is looking into whether an electrical issue could potentially knock out the air bags on some older Hyundai Sonata models and says that it has received nearly 83 complaints about the defect, reported the Associated Press. The investigation pertains to 394,000 midsize vehicles from the 2006 through 2008 model years. 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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