Articles Tagged with "Hyundai"

Two years ago, Hyundai Motor Co's (005380.KS) 75-year-old chairman Chung Mong-koo called a halt to capacity expansion, worried the South Korean group risked running into the kind of quality issues that dogged Japanese rival Toyota Motor Corp (7203.T) when it grew too aggressively in the 2000s.

To reach total sales of 5 million using 11 years, to reach the sales of 1 million within 1 year, to be 3rd brand whose sales reaching 1 million after Shanghai Volkswagen and FAW-Volkswagen, these are all the steps of Beijing Hyundai to refresh the record of Chinese automobile history.

U.S. units of South Korean sister companies Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) on Monday said they reached an agreement to pay a total of $395 million to settle lawsuits filed by owners of cars affected by the companies' overstatements of fuel economy ratings.