Sleazy Presidential Scandal Leads to Restructuring Rumors at Hyundai

Hyundai Motor Group has received added attention from investors this week over expectations that the family-run business could undergo a major reorganization into a public holding, with the same separate, multifaceted structure as Hyundai Heavy Industries.

News spread that Hyundai Motor could be preparing a restructuring campaign after it issued a disclosure statement last Friday that explained it would be charging Hyundai Steel and Hyundai Glovis Co. 13.9 billion won ($12.4 million) for the use of the Hyundai brand name. This is the first time the company has ever collected from either over the use of its corporate trademark.

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  • Cprescott Good old days of Volvo. Can't say tht about their current garbage.
  • Cprescott Wasn't Heir Yutz affiliated with this company. He has the reverse midas touch.
  • Master Baiter I actually received an engineering job offer from Fisker in early 2021. Glad I declined it...
  • Bryan The simple fact that the Honda has a CVT & the Toyota doesn't was more than enough for me to pick the Toyota for both of my daughters.
  • Theflyersfan This wagon was a survivor! These and the Benzes of that era were the take it out back and shoot it (or until you needed a part that was worth more than the car) to get rid of it. But I don't think there will be Junkyard Finds with Volvos or Benzes from this era with 900,000 miles on them. Not with everything tied to touchscreens and components tied to one system. When these screens and the computers that run them flake out, that might be the end of the car. And is any automaker going to provide system boards, memory modules, graphics cards, etc., for the central touchscreens that controls the entire car? Don't know. The aftermarket might, but it won't be cheap.