Hyundai to increase competitiveness of auto parts by refusing to provide preferential treatment to affiliates
Will refuse preferential treatment to group affiliates.
Hyundai plans to boost the competitiveness of its auto parts by refusing to provide preferential treatment to group affiliates, reports the Electronic Times. The automaker plans to introduce a level playing field for component suppliers and will not award contracts to its affiliates unless they offer world-class technologies comparable with those of globally renowned suppliers such as Bosch, Denso, and Continental.
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