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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 28, 2013
Page
13
Hyundai Motor Co said John Krafcik will leave as U S chief after his contract was not renewed. He has headed Hyundai U S since 2008, when its market share was 3 percent, rising to 4.9 percent in 2012. David Zuchowski, 55, will take over in January after the surprise departure.
Hyundai's U S market share was 3 percent when John Krafcik became chief in 2008, rising to sales records in 2012. He introduced recession relief programs for buyers who lost jobs, while past EPA fuel mileage overstating led to a 210 million dollar class action settlement for Hyundai and 185 million for Kia, Hyundai's sister brand.
McDonald's announced the removal of its McResource worker information site amid criticism over tips on vacations and breaking food into pieces. The program, created by Nurtur Health, will be replaced by an internal helpline while the company defends the content as not fully relevant.
The Bloomberg Consumer Comfort Index rose to minus 27.4 for the week ending Sunday, the fifth straight gain and strongest since August. Buying climate at minus 31.8 marked the best reading since May, as Americans remained upbeat about wealth gains and a improving labor market ahead of 2014 holidays.
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