Hyundai Scrambles To Cut Costs After Being Caught Without Enough SUVs In Line Up

Headed for a fourth straight annual profit decline, Hyundai Motor  is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters.
The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular across many global markets.

The belt-tightening - which also includes cutting back on printing and fluorescent light bulbs - aims to buy Hyundai time to prepare new models and a design revamp.


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MDarringer - 12/28/2016 6:03:50 PM

-1 Boost

Hyundai is overreacting. Once the crossovers already in the pipeline show up, they will be fine.

nguyenvuminh - 12/28/2016 9:43:20 PM

+1 Boost

According to our local financial analyst, Hyundai have plenty of money, they are looking to buy FCA, Peugeot, GM, VW, Tesla, and Google. MDarringer, tell us how much more of Hyundai stock have you purchased with your father-in-law's money over the last 6 months.

MDarringer - 12/29/2016 12:24:43 PM

-1 Boost

Hyundai is far from on the ropes. People like you get pissy for sport then you lose your shit when a big dog bites you back because all you know is how to be a wise ass, but once in motion you're instantly dead in the water as for logic, coherence, common sense, or facts.

nguyenvuminh - 12/30/2016 2:00:07 AM

+2 Boost

Well, you keep saying I don't have a high school education so you have to explain what you just said. Now type slowly too, heah?

MDarringer - 12/30/2016 9:22:08 AM

0 Boost

What's comical--and what you are incapable of understanding--is every time you attempt a snide rebuttal, I win. I'm the meth you're addicted to "hitting" and I give you the high you need, but make no mistake you are an addict.

MDarringer - 12/30/2016 11:31:13 AM

+1 Boost

Your empirical evidence please...