Korean car makers, electronics manufacturers, and other businesses are hurting with the recent rise of the Korean Won against the US dollar. While the rise helps Korean vacationers and investors, it hurts businesses who export goods to foreign countries. American car makers can offer better pricing when the Won rises in value. Continue reading
Hyundai moves to 16th place out of the 23 car makers ranked by Consumer Reports for 2014. This is the second year that it’s slipped. The American Tesla Model S was their top pick.
Hyundai was also ranked poorly for dependability by JD Power. That ranking comes from reported problems for the prior 12 months with ranking according to dependability (Hyundai took 27th place out of the 31 ranked brands). GM, with many cars designed and built in Korea, ranked highest with 8 segment awards.