Tag - ‘Auto industry to still face challenges in 2016’

‘Auto industry to still face challenges in 2016’

Hyundai Motor Group chairman Chung Mong-koo called for the conglomerate’s executives and employees to push ahead with changes next year despite challenges and difficulties facing the Korean automaker. “Economic indicators to gauge business conditions in advance show that the auto industry will continue to remain slow next year,” chairman Chung said in a meeting in Seoul with heads of overseas branches at Hyundai Motor on Tuesday. The car industry experienced difficulties due to a global economic slowdown and falling demand in [...]

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