Hyundai Motor, Toyota Motor Korea and three other carmakers will voluntarily recall more than 266,000 vehicles due to faulty components, the transport ministry said Thursday.
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Hyundai Motor and Kia will be able to capitalize on Toyota Motor’s manipulation of quality certification for its diesel engines as the scandal presents a promising opportunity for the two Korean automakers to challenge Toyota s longstanding dominance in Southeast Asia, according to industry officials and experts, Tuesday.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.