Hyundai shares nosedive on German raid over defeat car devices

Seoul, June 29 (Ajit Weekly News) Shares in Hyundai Motor and its affiliate Kia plunged on Wednesday, as German authorities raided the carmakers’ local offices over suspicions they had installed defeat devices on some of their combustion cars. On Wednesday, Hyundai plunged 5.7 per cent to 175,500 won ($135.17), and Kia plummeted 6.1 per cent … Continue reading Hyundai shares nosedive on German raid over defeat car devices