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Video: Hyundai Motor U.S. Names New Chief, Krafcik Out

By Clip Syndicate
Hyundai Motor Co said on Dec. 27 its U.S. chief, John Krafcik, is stepping down after his contract was not renewed and will be replaced by the U.S. sales chief David Zuchowski. During Krafcik's five-year tenure Hyundai's share of the U.S. market rose to as high as 5.1 percent for 2011 from 3 percent in 2008. But it has fallen to 4.6 percent due mainly to production capacity constraints.

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