This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24361142
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Hyundai to defer payments due from US government staff | Hyundai to defer payments due from US government staff |
| (about 5 hours later) | |
| Hyundai Motor will defer payments due from US federal employees affected by the partial government shutdown. | |
| More than 700,000 employees face unpaid leave due to the shutdown which was triggered after the two houses of Congress did not agree on a new budget. | More than 700,000 employees face unpaid leave due to the shutdown which was triggered after the two houses of Congress did not agree on a new budget. |
| Hyundai said affected employees who currently own its vehicles will be given a payment relief "for as long as they are out of work". | Hyundai said affected employees who currently own its vehicles will be given a payment relief "for as long as they are out of work". |
| Employees looking to buy a new car will be given a 90-day payment deferral. | Employees looking to buy a new car will be given a 90-day payment deferral. |
| "We recognize the impact on family budgets that the furlough will drive," John Krafcik, chief executive of Hyundai Motor America, said in a statement. | "We recognize the impact on family budgets that the furlough will drive," John Krafcik, chief executive of Hyundai Motor America, said in a statement. |
| Backing customers | Backing customers |
| Hyundai had offered a similar scheme, the Hyundai Assurance programme, during the peak of the global financial crisis four years ago to help consumers who had lost their jobs. | Hyundai had offered a similar scheme, the Hyundai Assurance programme, during the peak of the global financial crisis four years ago to help consumers who had lost their jobs. |
| Many analysts have said that the move had helped the South Korean firm win customer loyalty and boosted its sales in recent years. | Many analysts have said that the move had helped the South Korean firm win customer loyalty and boosted its sales in recent years. |
| The company said that its latest offer to help the federal employees was an addition to that programme and aimed at "helping workers at a time when they most need it". | The company said that its latest offer to help the federal employees was an addition to that programme and aimed at "helping workers at a time when they most need it". |
| "Like we did almost four years ago when we launched Hyundai Assurance, this is our way of saying 'We've got your back' during this uncertain time," Mr Krafcik said. | "Like we did almost four years ago when we launched Hyundai Assurance, this is our way of saying 'We've got your back' during this uncertain time," Mr Krafcik said. |
| Under the latest offer, Hyundai will extend all auto loan and lease payments during the shutdown for current Hyundai owners who are put on unpaid leave. | Under the latest offer, Hyundai will extend all auto loan and lease payments during the shutdown for current Hyundai owners who are put on unpaid leave. |
| The programme is available to all customers who have financed their purchase or lease through Hyundai Finance America. | The programme is available to all customers who have financed their purchase or lease through Hyundai Finance America. |