Hyundai and Kia headed for a fall?
(More after the jump)
[Source: Forbes] The Forbes automotive columnist believes the growth of Korean automakers may be setting them for another fall. He points to Daewoo and Samsung, who both entered the automotive industry with similar tactics, only to be bought out by GM and Renault, respectively. The rapid leadership changes like that of Hyundai firing former North American president Robert Cosmai may indicate penalties for unreachable goals. Finally, exchange rate fluctuations are eroding the two companies' major selling point-- low prices.
Flint admits his concerns may be all for nothing, or it may herald things to come. The competition, from the Big Two to the Japanese and the Germans all remain hungry for market share, and have many have luxury brands, pickups, rear-whel-drive platforms, etc. -- all things the Koreans presently lack.
Is Flint overreacting, or is he on to something?
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models