Hyundai, Kia's China slump to worsen with Tianjin blast
Aug 16, 2015
South Korea's top carmaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are likely to be hit hard by a recent explosion in a Chinese port city, industry watchers said Sunday, amid existing hardships from low sales in the world's No. 1 auto market.On Wednesday, a series of explosions at the Ruihai warehouse in China's northeastern port city of Tianjin wiped out some 4,100 Hyundai units, including its high-end models that are not produced in South Korea. Industry watchers say Hyund