• Oct 16, 2008
According to a report by Reuters, the Chinese government has suspended the importation of Hyundai and Kia products from South Korea. The importation ban allegedly stems from complaints filed by dealers that the automaker violated anti-trust laws in China by throwing more support behind its own dealers and thus limiting the support offered to independent retailers.

A Hyundai spokesperson confirmed that the automaker has not received import permits since mid-September, but that the Chinese government and Hyundai are working to resolve the matter.

While any ban imposed on Hyundai would temporarily hurt the company in China, only about 50,000 units are imported from South Korea each year, with the majority of Hyundai and Kia's combined 520,000 annual sales in China coming from vehicles produced locally in a joint venture between the automaker and Chinese companies.

[Source: Reuters]


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    • 1 Second Ago
  • 11 Comments
      • 6 Years Ago
      I'm sure there will be some under the table cash transactions before the dust settles.
      • 6 Years Ago
      The PRC had previously done this w/ Lexus and other higher-end autos which have to be imported into China.
      • 6 Years Ago
      My irony detector has exploded.
        • 6 Years Ago
        +1
        • 6 Years Ago
        Mine too! *turns over* "Made in China" Ohhh....
      • 6 Years Ago
      Lol@China! Chickens!
      • 6 Years Ago
      Translation: The concept of a V8 powered Hyundai is too much for the Chinese Gov't to fathom.