Car Facts

Automakers feeling the economic heat

American automotive companies aren't the only ones feeling the heat of reduced demand for new vehicles. At the end of 2008, South Korean automaker Hyundai Motor Co. began cutting worker shifts and reducing output in response to low product demand, both domestically and at factories abroad.

Hyundai is the latest in a growing number of automakers who are flailing in the wake of poor Japanese, American, Indian, and European economies and subpar demand for autos.
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