When General Motors Co., Volkswagen AG and Toyota Motor Corp. look into their rear-view mirrors, they see Hyundai Motor Co. When Hyundai looks behind, it sees its own smaller affiliate, Kia Motors Corp.
Hyundai Motor Co. and affiliate Kia Motors Corp., South Korea’s two largest automakers, aim to increase global sales by 6.1 percent this year by improving quality and investing in research and development.
Kia Motors Corp. said today that Jeong Sung Eun resigned as vice chairman of the South Korean carmaker to take responsibility for the recent recalls of four models. President Lee Hyoung Keun will replace him.
Union officials representing workers at Kia Motors Corp., South Korea’s second-biggest carmaker, will continue negotiations with the company after a majority of employees yesterday rejected a wage pact.
Hyundai Motor Co. and affiliate Kia Motors Corp. , South Korea’s two largest automakers , expect to boost vehicle sales 10 percent this year because of new models and rising demand in China and other emerging markets.
Michael Schumacher , Formula One’s most successful racecar driver, and Lewis Hamilton , the sport’s youngest champion, face unlikely competition for the limelight when they arrive in South Korea for the nation’s inaugural Grand Prix: Ben S. Bernanke .