Hyundai gets rid of US chief, seeks to boost sluggish growth

New York

JUST four months ago, Hyundai Motor was celebrating a key achievement - the introduction of a new line of luxury cars sold under the name Genesis.

Supported by a multimillion-dollar NFL promotional campaign, Genesis had been an ambitious bid to join the likes of Mercedes-Benz and BMW in the highest echelons of the car industry. And it was meant to rekindle growth for once-hot Hyundai, which has cooled considerably in recent years.