Hyundai Motors is creating a huge splash on the automobile industry. They made an aggressive marketing blitz last year to take advantage of the weak Korean currency. The blitz included a string of promotional packages including its “assurance program”, where a buyer can return their cars and cancel their loans without hurting their credit ratings. [...]
Posts under ‘Auto Industry’
Sorry Seems to be the Easiest Word
Not so long ago, Toyota Motors Corporation Akio Toyoda has apologized for his company’s debacle surrounding flaws with various car models. It was a gallant stand, but is it worth praising for someone to do what he or she is required to ethically do? Obviously not. The Japanese car maker has taken responsibility for their [...]
Toyota’s Recall Problem Getting Worse
It seems Toyota’s big recall problem is getting worse as days pass by. After the stoppage of selling for eight of its models that were involved in the recall for sticking accelerator pedal, the latest blow came when Consumer Reports suspended its recommendation of the models involved. Over the years, CR has lavished recommendation on [...]
How GM would Impact the Auto Industry
GMs decision of not selling the company has after all, created a lot of tensions most especially to one of its divisions, Opel. It has angered many of Opel’s workers and the European government as well. Armin Schild, the leader of union and Opel board member blasted the company for mismanagement. Furthermore, he added that [...]
Ford Reports Nearly $1 Billion Profit
Amidst the troubled automaker industry, Ford was able to come back. In a tremendous fashion, as the company reported nearly $1 billion in profits while paying its own debt and adding a good amount of market share. On November 2, the company reported a $997 million third quarter profit, adding profits to gains in market [...]
Insurers Find China a Tough Nut to Crack
1998 is a significant year in China. AIA moved back in Shanghai as one of their many foreign operations today. It marked the very first year of the return of foreign insurance companies in China after a long absence in the country when they were rejected from operating some five decades ago. Since then, other [...]
Chinese Car Market, a Major Headache among Western Manufacturers
Western car manufacturers are still in the process of recovering the recession in the United States. As such, they put their focus in mainland Asia’s biggest market, China that resulted in an increase of 78% in business compared in about the same month last year. Car sales are running at about 14 million yearly, while [...]