South KoreaGM will open Singapore headquarters to back emerging-market thrustNov. 13, 2013 08:04 CET  General Motors will open a new headquarters in Singapore headed by former Volvo CEO Stefan Jacoby to oversee markets including Southeast Asia and India.... Read More »
For Hyundai, Korean factory footprint becomes a millstone 12:01 am U.S. ET | Nov. 10, 2013  It takes twice as long on average -- over 28 hours -- for Hyundai to make a car in South Korea than in the United States, even though its domestic plants have far more workers for each production line.... Read More »
Kia's October U.S. sales fall as 2013 results fester 3:33 pm U.S. ET | Nov. 1, 2013  Kia monthly sales fell for the fifth time this year, continuing the Korean brand's lackluster 2013 sales performance. Kia's sales fell to 39,754 vehicles in October, down 6 percent from a year earlier, while overall U.S. auto sales grew 10 percent.... Read More »
Kia profits rise 8.9% in Q3 despite strike-related losses 9:14 am U.S. ET | Oct. 25, 2013  A three-week union strike in its home market hampered Kia Motors profits during the third quarter, but the automaker said it still posted an 8.9 percent gain in net income.... Read More »
Hyundai third-quarter profit advances on China, BrazilOct. 25, 2013 06:01 CET  Hyundai reported its first profit increase in four quarters after sales rose in China and demand for hatchbacks helped boost deliveries in Brazil.... Read More »
Hyundai Motor Q3 profit advances on China, Brazil 10:27 am U.S. ET | Oct. 24, 2013  Hyundai Motor reported its first profit increase in four quarters after sales rose in China and demand for hatchbacks helped boost deliveries in Brazil.... Read More »
Hankook Tire to invest $800 million to build first U.S. plant 7:50 am U.S. ET | Oct. 14, 2013 Hankook Tire, South Korea's biggest tiremaker, will invest $800 million to build its first factory in the United States as automakers stay on track for a fifth straight year of growth.... Read More »
Kia reaches wage pact with union workers to end strikes 12:42 pm U.S. ET | Sept. 13, 2013  Kia's union workers in South Korea approved a wage agreement that ends a three-week strike that cost the company an estimated 414 billion won ($381 million) in lost production.... Read More »
Hyundai workers end strike after wage deal reached 11:21 am U.S. ET | Sept. 9, 2013  Hyundai's unionized workers in South Korea voted in favor of a wage deal today, a union spokesman said, ending strikes that had hobbled production at the automaker's biggest manufacturing base.... Read More »
Hyundai Motor and union reach tentative wage deal 9:22 am U.S. ET | Sept. 5, 2013  Hyundai Motor has reached a tentative wage deal with its South Korean labor union, a union spokesman said today. Should the union's members approve the deal in a vote on Monday, Hyundai, which along with affiliate Kia Motors ranks as the world's fifth-biggest carmaker, should avoid further production losses.... Read More »
Halla Visteon starts HVAC unit production in Russia 2:22 pm U.S. ET | Sept. 4, 2013 Halla Visteon Climate Control said it has begun manufacturing operations for heating, ventilation and air conditioning units in Togliatti, Russia.... Read More »
Hyundai's South Korean workers to stage more partial strikes 8:09 am U.S. ET | Aug. 30, 2013  Hyundai Motor's South Korean workers plan to extend a partial strike for another two days after the latest round of wage talks failed to produce an agreement.... Read More »
Hyundai's Korean union to extend partial strikeAug. 27, 2013 14:05 CET  Hyundai workers in South Korea plan to extend a partial strike by another two days after the latest round of wage talks failed to produce an agreement.... Read More »
Hyundai workers in South Korea plan another partial strike 10:46 am U.S. ET | Aug. 22, 2013 Hyundai's South Korean workers are planning another partial strike after annual wage negotiations with management collapsed, a union spokesman said today. The automaker's 45,000 unionized workers plan to stop working for four hours on Friday and next Monday, the spokesman said. Workers have already stopped work for a total of eight hours this week.... Read More »
Hyundai union strike cost $39 million in lost output today in S. Korea 9:58 am U.S. ET | Aug. 20, 2013  Union members at Hyundai Motor in South Korea staged a partial strike today that cost the automaker 43.5 billion won ($39 million) in lost output, with plans for another work stoppage Wednesday before resuming wage negotiations.... Read More »
Hyundai union, seeking higher wages, to stage partial 2-day strike in Korea 7:49 am U.S. ET | Aug. 19, 2013  Union members at Hyundai Motor Co. in Korea will stage a partial strike Tuesday and Wednesday as they demand higher wages amid increasing competition with Japanese carmakers.... Read More »
Hyundai, Kia brace for second straight year of labor strikes in KoreaAug. 14, 2013 11:19 CET  Hyundai and Kia workers in South Korea have agreed to go on strike for a second straight year to demand higher wages.... Read More »
GM to reduce reliance on South Korean output as labor costs rise, report saysAug. 12, 2013 06:01 CET  GM has begun gradually cutting its presence in South Korea after mounting labor costs and militant unionism triggered a reevaluation of its reliance on the country for a fifth of its global production, sources say.... Read More »
Korean brands keep pushing their boundaries 12:01 am U.S. ET | Aug. 12, 2013  New products on the way from Hyundai and Kia will continue to test the boundaries of both brands.... Read More »
GM to reduce reliance on South Korean output as labor costs rise, report says 9:05 pm U.S. ET | Aug. 11, 2013  GM has begun gradually cutting its presence in South Korea after mounting labor costs and militant unionism triggered a reevaluation of its reliance on the country for a fifth of its global production, three individuals familiar with GM's thinking told Reuters.... Read More »
Hyundai Motor union plans strike vote after wage talks collapse 5:31 am U.S. ET | Aug. 6, 2013  Hyundai Motor's labor union in South Korea will vote to decide whether to go on strike after it failed to reach a deal on wages and benefits with management today, a union spokesman said.... Read More »
GM moves to ease shortage of 'red hot' Encores 1:56 pm U.S. ET | Aug. 5, 2013  GM underestimated initial U.S. demand for the Buick Encore when it was launched in January and says it recently boosted output of the crossover at a plant in South Korea.... Read More »
GM will debut new Spark in 2015, delays Aveo launch, union saysJuly 30, 2013 08:49 CET  GM plans to launch the new Chevrolet Spark in 2015, but will delay the launch of its revamped Aveo, a Korean labor union spokesman said. The Spark/Matiz, is Chevrolet's best-selling model in Europe while the Aveo is No. 3 after the Cruze compact.... Read More »
GM's South Korean workers OK wage pact after strike dents output 12:34 pm U.S. ET | July 26, 2013  GM's South Korean workers approved an annual wage deal, ending 13 days of partial strikes where the company produces more than 40 percent of its Chevy-branded cars, a union spokesman said on Friday.... Read More »
Hyundai says 82 employees hurt in clash with activists in South Korea 8:35 am U.S. ET | July 22, 2013  Hyundai said 82 employees at its biggest assembly plant were hurt in a clash with labor activists in South Korea demanding better conditions for temporary workers.... Read More »
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