Great Recession Of 2008: How One Car Company Saw A Boom After The Financial Crisis And Then Later Saw Sales Sharply Decline
December 27, 2016
Headed for a fourth straight annual profit decline, Hyundai Motor (005380.KS) 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.