You are here
CEO of Hyundai in North America resigns
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.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff. Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Please help us keep out site clean from inappropriate comments by using the flag option.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments. Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.