One can see how bad is the market for the carmakers when they launch an assurance program that covers job loss. Remember years ago when the economy was bad we have seen zero percent financing and car deals. It's not enough now to drive sales and Hyundai is launching an assurance program that will cover job loss.

Rohens, a Chinese edition of Genesis, Hyundai Motor’s latest luxury sedan model, will go on sale in China on September 23, priced at 40,000 yuan or less, said cheshi.net.

Hyundai Motors opened a $1 billion plant in China on Tuesday with partner Beijing Automotive, part of an aggressive expansion that could turn the continent into its largest overseas market by 2010. The companies are equal partners in a venture that now operates two plants and aims to double capacity in China to 600,000 units by 2010.

South Korean auto giant Hyundai could select a site by the end of the year to build a $400 mln car plant in northwest Russia, authorities in the Leningrad Region said on Thursday.

Antitrust regulator ordered Kia Motors Corp. to pay subcontractors and fined Hyundai Motor Co. for fair trade violations.