since-october

Power surge: Chinese electric car battery maker charges for global market

A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. China's

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Power surge: Chinese electric car battery maker charges for global market

since-october

Blindsided by SUV boom, Hyundai Motor trims costs, perks

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. Since October, Hyundai Motor Group executives have taken a 10 percent pay cut, the first such move in seven years. The number of executives at Hyundai Motor alone has risen by 44 percent in five

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Blindsided by SUV boom, Hyundai Motor trims costs, perks