Hyundai Secures New Chairman: Nepotism or Sagacity?

It’s often difficult to keep track of who is heading which automotive conglomerate. Topps never issued a trading card line devoted to industry professionals and there’s no show we’re aware of that catalogs the corporate history of car manufacturing focused entirely on management. Whenever someone is named in a car documentary, it’s only because they were incredibly important to the program or instrumental in seeing the company through a difficult period. That, or they happened to be one of those people’s damned children.

Nepotism is a problem in most industries but the automotive sector seems to be among the worst offenders. While some amount falls within the acceptable parameters rooted in the familial ties of yesteryear, when these businesses were much smaller entities, plenty of placements seem designed to keep wealthy offspring occupied through adulthood. It’s probably a sweet gig if you can get it but the phenomenon itself makes it difficult to determine which blood-related hires are placeholder people and who’s the genuine article.

For example, Hyundai Motor Group has just appointed Eui-Sun Chung (49) as its new chairman. He will be succeeding his father, Mong-Koo Chung (81), and comes from the automaker’s founding family. But there’s plenty of evidence to suggest Chung may actually be the ideal man for the job.

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  • Arthur Dailey Good. Whatever upsets the Chinese government is fine with me. And yes they are probably monitoring this thread/site.
  • Jalop1991 WTO--the BBB of the international trade world.
  • Dukeisduke If this is really a supplier issue (Dana-Spicer? American Axle?), Kia should step up and say they're going to repair the vehicles (the electronic parking brake change is a temporary fix) and lean on or sue the supplier to force them to reimburse Kia Motors for the cost of the recall.Neglecting the shaft repairs are just going to make for some expensive repairs for the owners down the road.
  • MaintenanceCosts But we were all told that Joe Biden does whatever China commands him to!
  • Rick T. If we really cared that much about climate change, shouldn't we letting in as many EV's as possible as cheaply as possible?