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Koreas Rise Hits Detroit as Cheap Cars Emerge
Detroit automakers watch South Korea threaten the U.S. market with low priced models from Daewoo Hyundai and Kia. GM plans to import 80,000 cars next year under Daewoo and Ford to bring in the Festiva from Kia, while Hyundai targets 100,000 U.S. sales this year from its Ulsan plant.
MENTIONED IN THIS ARTICLE
Detroit
Michael Losh
General Motors Corp
Pontiac
Daewoo
Hyundai
Kia
U.S
Chrysler Corp
Harold Sperlich
South Korea
University of Michigan
United Auto Workers Union
Hyundai Motor Co. Ltd
Daewoo Motor Co. Ltd
Ford Motor Co
Kia Industrial Co
Mazda Motor Corp
Japan
Ford
Mazda
Samsung Group
Samsung
Chrysler
Canada
Quebec
United States
Lawrence Klein
Wharton Business School
University of Pennsylvania
Harvey Heinbach
Merrill Lynch
New York