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CEO of Hyundai in North America resigns

Published: 
Monday, December 30, 2013

John Krafcik, the president and CEO of Hyundai Motor America, is stepping down at the end of the year, the company has announced. He will be replaced by David Zuchowski, the current executive vice president of sales who joined the company in February 2007. The Costa Mesa, California, automaker had a rough start to the year when its factories reached their maximum capacity to build cars. It ended up costing the company sales.

 

Hyundai’s US sales were up only 1.9 per cent for the first half of the year, less than a quarter of the overall market’s 8.4 per cent growth rate. Last year, the US Environmental Protection Agency’s determined that that Hyundai and Kia overstated gas mileage claims on window stickers of 900,000 vehicles in the past three years.

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