Word: hyundais
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...ruling Millennium Democratic Party has made overtures to Chung, but the football chief says he will form an independent party shortly after he officially declares his candidacy. In running for the presidency, Chung is fulfilling the dreams of his late father Chung Ju-yung, the founder of the Hyundai group, once Korea's largest conglomerate. He ran for president in 1992 but finished a distant third, his candidacy torpedoed by corruption allegations. The younger Chung must overcome charges of political inexperience and the opposition of Hyundai's trade unions, which fear he may fund his campaign with company assets...
...sales are up so far this year, but its British vehicles still lag in quality: in the most recent "initial quality" survey by J.D. Power and Associates, Jaguar ranked 19th, behind Chevrolet and Pontiac; and Land Rover, at 32nd, stood behind such econo-box makers as Dodge and Hyundai. Fields will have to work his magic mostly by boosting efficiency and trimming costs through further sharing of parts and platforms across the brands--without jeopardizing each one's purebred appeal...
...founder of the Hyundai conglomerate, Chung would bring more to the table than just cool sports scars. Until 1988, he successfully ran Hyundai Heavy Industries, the world's biggest shipbuilder?which gives him credibility among conservative voters who want a financially savvy candidate. With younger voters, Chung can position himself as a fresh face who has steered clear of Seoul's merry-go-round of political corruption. "Economically he emphasizes growth, politically he pushes reform," says Cho Ki Suk, an expert on Korean politics at Seoul's Ewha University. "If he persuades people he can do both...
...government of President Kim Dae Jung gets pretty good marks on the progress so far. But bureaucrats at the Finance Ministry are still reluctant to let big companies go bust (although the collapse of the Hyundai group and Daewoo show you can't be too big to fail anymore). The government also must push ahead with the sale of state-run banks and corporations. An ongoing strike over the privatization of the Korea Electric Power Co. shows how tough that will be, especially with local elections in June and a presidential vote at the end of the year...
More important, offerings from both Hyundai and Kia seem to have cleared the quality hurdles that were once so debilitating to each company. Reilly, who just opened a second dealership in Alexandria, Va., says warranty claims are down 50%. Meanwhile, according to AutoPacific, an industry consultancy, customer satisfaction is up: the organization has just ranked the Santa Fe as America's top compact SUV. Says AutoPacific president George Peterson: "This is a testament to the excellent progress Hyundai is making in product development...