New Hyundai Europe Chief Operating Officer Thomas Schmid expects record sales this year, but he says the brand will not grow as quickly as it did in the past. Hyundai Europe’s new focus is on boosting profits by transforming into an emotional choice capable of charging higher starting prices. Schmid, an Austrian national who was Hyundai Europe sales boss until his promotion in March, shared the plan with Automotive News Europe Correspondent Christiaan Hetzner
September 11, 2015 05:00 AM
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U.S. to reduce tariff rate on most U.K. vehicles to 10% as part of trade framework
A 10% levy will be placed on the first 100,000 British vehicles imported to the U.S. each year. The 10% tariff replaces the 25% levy vehicles have been subjected to since April 3.
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