Wednesday, October 02, 2013

The US is a key growth markets for South Korean carmaker Hyundai Motor

Hyundai Motor will defer payments due from US federal employees affected by the partial government shutdown. (click here)



More than 700,000 employees face unpaid leave due to the shutdown which was triggered after the two houses of Congress did not agree on a new budget.
Hyundai said affected employees who currently own its vehicles will be given a payment relief "for as long as they are out of work".
Employees looking to buy a new car will be given a 90-day payment deferral.
"We recognize the impact on family budgets that the furlough will drive," John Krafcik, chief executive of Hyundai Motor America, said in a statement....