TheNewsRoom | Business Update: Hyundai cuts

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Business Update: Hyundai cuts

January 09, 2009

South Korea's top automaker, Hyundai, said it will cut domestic production by 30 percent as the industry worldwide faces its worst business environment in living memory. * Japan's Panasonic, Hitachi downsize * Korea muscles in on Japanese flatscreen market * Satyam scandal rocks Indian markets, investor confidence