September 8, 2003 |
At Hyundai Motor America Inc., two things have been on the rise: monthly sales figures and the number of executives walking out the door. After struggling for 15 years in the United States, Hyundai has enjoyed soaring sales, thanks to an aggressive marketing campaign, sharper vehicle designs and improved product quality. But this success hasn't stopped an executive exodus from the South Korean automaker's U.S. headquarters in Fountain Valley. Since May, four top executives have quit.
September 3, 2003 |
Hyundai Motor America Inc. said that Robert F. Cosmai, former vice president of national sales, has been appointed to serve as acting president and chief executive. Cosmai fills a vacancy created last week when Finbarr O'Neill, president of the Fountain Valley-based U.S. arm of South Korea's Hyundai Motor Corp. since 1998, quit to become head of troubled Mitsubishi North America in Cypress.
September 1, 2003 |
Mitsubishi Motors Corp., hoping to end an alarming sales slide, has replaced longtime North American Chief Executive Pierre Gagnon with Finbarr O'Neill, the man credited with engineering rival Hyundai Motor Co.'s unprecedented turnaround in the United States. Officials at Cypress-based Mitsubishi Motors North America confirmed the management change Sunday. Representatives of Hyundai Motor America Inc., based in Fountain Valley, could not be reached for comment.
CALIFORNIA | LOCAL
April 23, 2003 |
Fountain Valley-based Hyundai Motor America kicked off a campaign Tuesday to raise $100,000 to save one of the city's elementary school music programs endangered by state budget cuts. The company said at the district's annual arts festival fund-raiser that it will match each dollar raised by other businesses and community members up to $50,000. The Fountain Valley School District is bracing for up to $2 million in state cuts to next year's $42-million budget.
March 5, 2003 |
A Los Angeles County Superior Court judge Tuesday sided with the U.S. subsidiaries of Korea's largest automakers in a case that had accused them of violating antitrust laws. But the judge, Haley Fromholz, left open the possibility that those allegations, which were part of a wrongful termination complaint, could be revived if the plaintiff returned to court with a stronger case.
March 3, 2003 |
In the global auto industry, the lines between competitors and collaborators have become increasingly blurred over the years. A Los Angeles judge is set this week to decide whether, in at least one instance, things have gone too far. The case stems from a wrongful termination suit filed by a veteran South Korean auto executive, who has alleged that automakers Hyundai and Kia violated U.S. antitrust laws by conspiring on pricing and marketing plans to avoid competing with each other.
October 30, 2002 |
Finbarr O'Neill, Hyundai Motor America's chief executive, has been named one of the "rising stars" of American business by Fast Company, a management magazine that's been publishing an annual "Who's Fast" list for the last five years. O'Neill is the only automotive executive on the list this year and made it into the November issue byvirtue of the Hyundai turnaround that he's helped engineer since taking the reins in 1998.
September 11, 2002 |
The venerable Jeep brand is getting a new logo and a revised mission this week. A new advertising campaign will portray Jeeps and their owners not so much as tough off-roaders but as highway helpers, ready to ride to the rescue in conditions other vehicles can't handle. DaimlerChrysler says it no longer will adhere to the old dictum that, to be a Jeep, it must be able to traverse Northern California's Rubicon Trail, renowned in the off-roading world for its nonstop ruggedness.
March 6, 2002 |
South Korea's Hyundai Motors has been making remarkable strides in the U.S., its sales soaring as its products improve. The latest example is the 2003 Tiburon GT V-6 sports coupe. Although not up to Japanese competitors' standards in all aspects, it is a powerful package, priced thousands less than the competition, and it suggests that Toyota, Mitsubishi and others interested in hanging on to their share of the youth performance market best start looking over their shoulders.
October 17, 2001 |
Hyundai Motor America Inc. said it will build a $25-million advanced-design studio and technical center in Irvine, joining a growing number of auto makers in the city's Spectrum office and industrial complex. The Fountain Valley-based U.S. arm of Hyundai Motor Co. of South Korea will share the facility with Kia Motors America, whose parent was acquired last year by Hyundai. The company reportedly paid almost $8 million for the 7.