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The auto manufacturer I choose to discuss is Hyundai/Kia which is based in South Korea. Hyundai Motor Group makes Kia's and owns a minor share.
The auto manufacturer I choose to discuss is Hyundai/Kia which is based in South Korea. Hyundai Motor Group makes Kia's and owns a minor share. Kia's are manufactured in the following countries United States: West Point, Georgia, South Korea: Seoul, and Slovakia: Zilina. According to Hyundai's wikipedia, "Hyundai has invested in manufacturing plants in North America, India, the Czech Republic, Russia, China and Turkey." The company may have picked those countries due to the quality of production and size of manufacturing plants. Also, with India being one plants, Access to Factors of Production may play a role because labor costs in India are lower than in the US. Hyundai sells different models across countries to appease the buyers. The global competitive environment plays a factor in the different models because of the accessibility, affordability and features of each model. In the US market, interest rates on auto loans will influence the industry in different ways, one being higher monthly payments for finance vehicles that can lead to sales declining. In a LinkedIn article, inventory financing costs may be affected causing costs to increase. With increases, "dealers may have to turn over inventory more quickly, negotiate better terms with lenders, or
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