Thanks to some government pressure, Hyundai's billionaire chairman, Chung Mong Koo, has revealed just how much he gets paid each year. Honestly, the amount is a bit lower than we'd expect considering he helms such a huge industrial empire. The 76-year-old chairman brought home $13 million in 2013, $5.2 million of which came from Hyundai's automotive business while both Mobis and Hyundai Steel chipped in $3.94 million, each. For reference, Ford CEO Alan Mulally netted $23.2 million in 2013, altho
Automotive News is reporting that Hyundai Co-CEO Steve Yang has resigned his duties at the Korean automaker for personal reasons. Yang helped push Hyundai to become the sales powerhouse it is now by improving the company's image and carving out additional market share even in the midst of an industry-wide downturn.
Like nearly every other automaker these days, Hyundai is keenly focused on bringing fuel-efficient vehicles to market. That apparently means the automaker doesn't currently see a need for a halo sportscar to compete with the likes of the Chevrolet Corvette, though it recognizes it would be an exciting addition to the lineup. Hyundai's North American CEO, John Krafcik tells Ward's Auto that even though such a model would would be a fun addition to the family, a range-topping sports car would also
Hyundai is once again shuffling the deck at its U.S. operation. Since 2003, four different backsides have sat in the CEO seat. Finbarr O'Neill, Bob Cosmai, Steve Wilhite, and Jon Eun Kim were not able to gain enough ground towards the brand's goal of selling 1 million units by 2010, so now it's time for John Krafcik to try his hand. Krafcik will move up from his VP of Product Development and Strategic Planning position where he helped shape Hyundai's most recent successes. He played a role ensur