The Horn in Hyundai-Kia boasts his contributions the European economy

It is in any case well understanding the Horn in gr group this publication, Wednesday 27 February, a study of the b n benefits economic and soci rates flowing from the pr presence in Europe of Hyundai and Kia. R e alis by the English firm London Economics and funded by the Horn group, this study d size all inputs of the Horn in the European economy.

It is somehow the response of the Shepherd r the re berg. In August and September, 2012, Arnaud Montebourg, the Minister of the productive recovery, was attacked by two times the commercial agressivit of two brands cor European.

DUMPING COMMERCIAL

It was m me require the placing under supervision of the imports of the vehicles Horn SLT in Europe v that dump, he said, commercial. Apply e refusal politely by the European Commission.

Mr. Montebourg has thundered from the insolent sant of Hyundai and Kia in Europe. Last year, the first increased its sales by 9.4% and the second by 15.6%, in a market down by 7.8%. In fact, their share of march combin e jumped one point from 5.1% 6.2%.

However, insists the study, the "majority" (55%) of these sold vehicles v are produced in Slovakia and R public tch that o the two trademarks each hold an industrial site. The rest is import from Turkey, India and e Horn, for the biggest mod the.

GR this this industrial presence pr in the European Union, the Horn Group employs directly 7 345 persons in its factories, and gives work 18,000 people in its direct subcontractors. Total 61 000 people are directly used by the cor group in, both in its plants, its design centre or its commercial subsidiaries, etc. But a calculation London Economics, 253 000 people need their jobs the presence of Hyundai and Kia pr...

DESTRUCTION OF VALUE

Ultimate proof that Hyundai and Kia are not clandestine passengers in Europe, they continue their investments on the old Continent. In January, the Group d cid to build a centre to trial in Germany for 5.5 million euros...

The London Economics study does, however, not the destruction of value that the cor in group e imposed to other manufacturers. Indeed, policy prices down for Kia, and on equipment prices s serr for Hyundai, has closer the price war in the heart of a European market in crisis.

This has pes on results of Fiat, Ford, PSA, Renault and other Opel/Vauxhall. If the Horn group cannot be held only responsible, all these manufacturers are now required to close plants and lay off thousands of employees in Europe.