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  • How Hyundai Motor, once a rising star, lost its shine

    11/12/2018 4:27:17 PM PST · by Zhang Fei · 69 replies
    Reuters ^ | November 4, 2018 / 5:13 PM | Hyunjoo Jin, Ben Klayman, Yilei Sun
    At a near-empty Hyundai Motor (005380.KS) showroom in the Chinese mega city of Chongqing, the store manager is grumbling about his shortage of customers and a lack of bigger, cheaper SUV models popular in the world’s largest auto market. Even with discounting of as much as 25 percent, his dealership was selling barely a hundred vehicles a month, said the manager surnamed Li. A nearby Nissan (7201.T) dealership was selling about 400 vehicles a month, a store manager there said. “The sales are simply poor,” Li told Reuters. “Look at the Nissan store next door, they have tens of customers...