Jump to content
  • William Maley
    William Maley
    Sign in to follow this  

    Hyundai Begins Cuts Due To SUV Boom

      How much is not having enough SUVs is hurting Hyundai?


    Hyundai has been seeing its sales declined as it doesn't have enough crossovers and SUV to feed the growing demand by consumers. This, in turn, is causing profits to drop, making investors disappointed. Because of this Hyundai is going crazy with cutting costs.

    Reuters reports that Hyundai's cost-cutting measures include reducing the number of business-class flights, annual trips for overseas workers to see family, and cutting back on fluorescent light bulbs. 

    "We're trying to address a mismatch between the market trend and our product line-up. That's a longer term plan. For now we're trying to save every penny," said a source.

    Hyundai is working overtime to get new crossovers out the door starting with a B-segment model in 2018. In the meantime, Hyundai is redirecting exports from low-demand markets to the U.S.

    Source: Reuters


    Sign in to follow this  

    User Feedback

    Recommended Comments

    Be interesting to see if they stay behind here and miss the change again when the market shifts to other forms of auto transport or do they catch up and hit the next change to be a market leader.

    Share this comment

    Link to comment
    Share on other sites

    Current Tucson seems giant.  Good looking but has engineering issues.  Transmission with turbo engine has weird behaviour.  I think they have a quasi-CUV version of the new Elantra GT overseas.  Still not sold on Hyundai quality.

    Share this comment

    Link to comment
    Share on other sites

    I wonder what they think they are missing. They have 3 sedans, 3 crossovers, and 3 hatchbacks.  Is it that they can't make enough of them to sell?

    Share this comment

    Link to comment
    Share on other sites

    Your content will need to be approved by a moderator

    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets