Hyundai Motor Vice Chairman Euisun Chung gave an extraordinary interview last week to Bloomberg reporter Sohee Kim in Seoul. It was extraordinary not just for what Chung said — though there was plenty of news in it. In her story, Kim wrote that it was an “impromptu interview” at Hyundai’s ZERO1NE innovation center in Seoul. The headline of the interview was Chung’s response to the pressure that activist shareholder Paul Singer’s Elliot Management Corp. is putting on Hyundai Motor to become more shareholder-friendly and to block Hyundai's proposed restructuring. Additionally, Chung admitted that Hyundai Motor missed the boat on the SUV boom, which has dampened sales in the U.S. and elsewhere.

Source: Forbes May 15, 2018 14:15 UTC