Hyundai Gets Praise From Consumer Reports
According to Consumer Reports, Hyundai Motor Company’s Sonata was the most reliable 2004 car model sold in the United States.
Previously, the company had a reputation of being one of the least reliable brands, but it appears that has changed.
An article from Fool.com says:
“As bright as Hyundai’s U.S. prospects are looking, though, its stock, listed on the Pink Sheets, doesn’t look terribly promising for U.S. investors. As far as I could tell, the stock didn’t trade a single share in the U.S. yesterday. Talk about illiquid!
That doesn’t mean, however, that U.S. investors should just click ‘ignore’ and pretend the company doesn’t exist. The time may come when Hyundai decides to list its shares in the U.S. and offer us a chance to participate in its success. And even before then, it wouldn’t be at all Foolish to ignore the effects that a rise in Hyundai’s popularity here might have on Ford (NYSE: F), GM (NYSE: GM), and DaimlerChrysler (NYSE: DCX). Each of the U.S. Big Three automakers increased its reliability ratings in Consumer Reports’ rankings, almost certainly in response to continued inroads that their Japanese nemeses continue to make.”
Consumer Reports’ “Top Picks” list was domintated by Asian brands.
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