Hyundai, Kia looking to cut costs

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Filed under: Earnings/Financials, Hyundai, Kia, South Korea

Hyundai and Kia are looking to cut costs after four straight financial quarters of falling operating profits worldwide. The sibling automakers aren't saying officially how much they want to slash yet, but the amount could be significant.

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Hyundai, Kia looking to cut costs originally appeared on Autoblog on Wed, 10 Jun 2015 08:45:00 EST. Please see our terms for use of feeds.

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[borio1704]

Hyundai & Kia invested a lot of money to develop the new generations of their lineup. This was started since the hiring of Mr. Peter Schreyer. However, I guess they started to cut cost already since they are launching the new model as only Facelifts of the current models.

for the coming 6 years, We will not see anything new from Kia & Hyundai.


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