Autos, Companies & Funds, Conglomerates, Management & Leadership

Autos, Companies & Funds

Hyundai is primed for a chaebol tune-up

Hyundai may finally be ready to tinker with its chaebol setup, says @mak_robyn

10/23/2020 4:59:00 AM

Hyundai may finally be ready to tinker with its chaebol setup, says mak_robyn

Days after heir Euisun Chung officially ascended to run the South Korean conglomerate, it warned of another $3 bln charge for engine problems. The results, however, should show how electric cars are paying off. That would provide momentum to tackle a broader restructuring.

Context NewsSouth Korea's Hyundai Motor and affiliate Kia Motors warned on Oct. 19 that third-quarter earnings would include a combined 3.4 trillion won ($2.9 billion) of provisions related to engine issues.Hyundai and Kia recalled nearly 1.7 million vehicles in 2015 and 2018 in the United States. The duo has already earmarked about 2 trillion won worth of provisions, mostly to address engine issues, between 2017 and 2019.

70-year-old nurse who came out of retirement to teach dies of Covid-19 Sweden's new car carrier is the world's largest wind-powered vessel Vaccine Expert: Once A COVID Vaccine Is Available, 'Don't Overthink It. Don't Wait'

The latest charges reflect higher-than-expected replacement rates for Theta II GDI engines of old vehicles subject to recalls, as well as growing consumer complaints over the same engine and other engines not subject to recalls, Hyundai said. Read more: ReutersBreakingviews »

NASA Updates TV Coverage for First Commercial Crew Rotation Flight

NASA and SpaceX are now targeting 7:27 p.m. EST Sunday, Nov. 15, for liftoff of the agency’s SpaceX Crew-1 mission from Launch Complex 39A at NASA’s Kennedy Space Center in Florida with astronauts to the International Space Station.

In Race's Final Days, Biden Campaign Has Big Cash Advantage Over Trump'sWith less than two weeks until Election Day, Joe Biden's campaign has a massive cash advantage. President Trump's campaign committee finished September with $63.1 million cash on hand — compared with the Biden team's $177.3 million. Live Now Biden needs all the help he can get. What's the money for? Paying off people to vote for you? Trump doesn't need it. Greeeeeat... so More “go vote” adds. Cringe

Scott Baio bashes 'Happy Days' Democratic fundraiser reunion: 'I'm not on board, obviously''Happy Days' alum Scott Baio didn't mince words about his former costars reuniting to raise funds for Wisconsin Democrats less than two weeks before the 2020 election: 'I'm not on board, obviously, because I don't believe in socialism and Marxism.' That's okay Scott, you will really not be missed. I guess Scott Baio believes in racism. Got it! So now the polarization of America isn't just breaking up a real life families, it's breaking up fictional TV ones as well!

New mum Chloe Goodman says she didn't shower in 2 days amid motherhood strugglesNew mum Chloe Goodman shared her struggles five months into motherhood as she confessed she was unable to take a shower for 2 days Who? Firstly who? And secondly isn’t this the same for all new mothers?

Wall Street donors keep their distance from cash-strapped Trump in campaign's final daysPresident Donald Trump is apparently no longer considered a worthy investment for several prominent conservatives in the finance community. There is an increasing likelihood that Biden if elected will be impeached given the cumulatively damning details of HunterBidenEmails, that means a vote for Biden is a vote for Harris to be the president and that is something scary to think about. TRUMP2020ToSaveAmerica He’s got enough cash left for a one way ticket to Siberia. Soooo, you framed the big Wall Street donors not donating to trump like it's a bad thing...

Jennifer Lawrence’s Republican Days Are More Recent Than You ThinkThe actress has been open about her Republican upbringing, but only recently revealed she voted for John McCain over Barack Obama in 2008.

Coronavirus Threatens To Define Final Days Of Election As U.S. Cases SkyrocketThe Trump campaign has frantically sought to shift the conversation away from the pandemic as Biden makes it a key talking point. The Big Guy! You misspelled Bobulinski It shouldn’t