Union rank-and-file workers have criticized their own negotiators, saying they rejected an April 26 deal because Hyundai was demanding a productivity increase in return for a small pay raise.
The union fears President Park Geun-hye, in seeking to assuage the CEO’s concerns that GM Korea workers’ wages allegedly are too high, will ask her government to intervene in litigation demanding back pay...
The modules will be installed on 2.3 million sq.-ft. (213,000 sq.-m) of rooftop area on the Asan plant’s stamping, welding, vehicle-assembly and engine-assembly buildings.
GM CEO Dan Akerson’s interest in a dialogue with Korean President Geun-hye Park shocked union officials, who say the two sides had just begun negotiations on a new 2013-2014 collective bargaining...
Analysts still believe Hyundai or Kia eventually will add another assembly plant in the U.S. and that detailed internal discussions already are under way.
The auto maker estimates the employees’ refusal to work on weekends has resulted in the loss of production of 56,000 vehicles since March 9 valued at more than 1 trillion won.
The concept vehicle, jointly designed and developed by the Hyundai’s R&D center in Namyang, South Korea, and the Beijing Hyundai technical center in China, targets young urban dwellers.
Renault Design Asia will compete with Renault Group design centers in France, Brazil, India and Romania, regardless of where the new vehicles will be developed and produced.
Developed at the Pan Asia Technical Automotive Center in Shanghai, the concept combines a sleek, “flowing water” design with GMs’ plug-in hybrid-electric-vehicle propulsion system.