Hyundai and Kia will cut costs after first-quarter sales and profit fell at the two Korean carmakers. Sales have been hit by weak SUV demand in China and a strong currency that has helped Japanese rivals gain a competitive edge in overseas markets.
Hyundai and Kia will cut costs after first-quarter sales and profit fell at the two Korean carmakers. Sales have been hit by weak SUV demand in China and a strong currency that has helped Japanese rivals gain a competitive edge in overseas markets.