Last 226,000 KRW
Change Today +1,500 / 0.67%
Volume 631.7K
As of 2:19 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

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10/17/13 - 269,000
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hyundai motor co (005380) Details

Hyundai Motor Company, together with its subsidiaries, manufactures and distributes motor vehicles and parts worldwide. It offers cars under Centennial/Equus, Genesis, Genesis Coupe, Azera, Sonata, i40, i40 Sedan, Elantra, Elantra Coupe, i30, i30 Wagon, i30 3DR, Veloster, Veloster Turbo, Accent, Accent 5DR, ix20, i20 5DR, i20 3DR, HB20, Grand i10, New Generation i10, Eon, and i10 names. The company also provides SUVs under Grand Santa Fe, Tucson/ix35, and Santa Fe names; commercial vehicles comprising trucks and buses; special vehicles; and bare chassis products, as well as Eco vehicles under the names of ix35 Fuel Cell and Sonata Hybrid. In addition, it is involved in the provision of vehicle financing and credit card processing services; and manufacture of trains. Hyundai Motor Company was founded in 1967 and is headquartered in Seoul, South Korea.

Founded in 1967

hyundai motor co (005380) Top Compensated Officers

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hyundai motor co (005380) Key Developments

Hyundai Motor Union Votes to Strike

Hyundai Motor union leader Hong Sung-bong hits the gavel at Hyundai Motor's Ulsan plant, after announcing that nearly 70% of union members agreed to go on strike. Hyundai Motor s labor union could to go on strike on Aug. 22 to protest the company s refusal to count regular bonuses as ordinary wages. According to union leaders, of the 41,253 workers who voted, 32,931 (69.68 percent) voted in favor of the proposed walkout. The union has 47,262 registered members.

Hyundai Agrees to Pay a $17.35 Million Civil Penalty and Comply with the U.S. Department of Transportation's National Highway Traffic Safety Administration Oversight Requirements

The U.S. Department of Transportation's National Highway Traffic Safety Administration announced that Hyundai has agreed to pay a $17.35 million civil penalty and comply with NHTSA oversight requirements outlined in a Consent Order as a result of the manufacturer failing to report in a timely manner a safety-related defect affecting 2009-2012 Hyundai Genesis vehicles. The defect involves corrosion in critical brake system components that can result in reduced braking effectiveness and increase the risk of a crash. NHTSA found that Hyundai had been aware in 2012 that brake fluids used in the model year 2009-2012 Hyundai Genesis did not sufficiently inhibit corrosion in key components of the vehicle's brake system. Rather than issue a recall, Hyundai instructed dealers to change the brake fluid in affected vehicles without explaining the consequences of failing to change the brake fluid. Hyundai also did not inform Genesis owners of the potential safety consequences. Hyundai finally issued a recall of the affected vehicles in October 2013 as a result of a NHTSA investigation. While there have been no fatalities relating to this safety defect, six consumers reported collisions, including two reports of injuries. As of January 14, 2014, Hyundai had received 87 consumer complaints with regard to Genesis vehicles, most of which suggest increased difficulty in braking. NHTSA said Hyundai failed to act to protect their customers and others that were harmed in an accident, and must change the way they deal with all safety related defects. As part of the Consent Order, Hyundai agrees to make improvements to its processes for identifying, reporting, and communicating safety-related defects in a timely manner. This includes the creation of a U.S. Technical Committee to review and make decisions regarding potential Hyundai-specific safety recalls. Hyundai will ultimately be responsible for responding to safety concerns in a timely manner based on the Technical Committee's recommendations.

Hyundai Motor Co.'s Union to Engage in Last-Minute Talks

Hyundai Motor Co.'s labor union said it will engage in last-minute talks with management to sort out their differences on working conditions and wages before deciding on a walkout later this month. Union leaders had called for a strike following a meeting of representatives at the automaker's main production plant in Ulsan as negotiations with the management on standard wage and other workers' benefits weren't making any headway. The matter will be put to a vote with the company's 47,000 unionized workers asked to approve or reject the strike. Despite the agreement to hold the last-minute talks, union insiders said the motion for the strike is expected to pass because there is almost no chance of workers rejecting a call made by its leadership.


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