Filed under: Budget, Government/Legal, Hirings/Firings/Layoffs, Hyundai, Earnings/Financials
Since the US government shut down early this morning, more than 800,000 federal employees could be furloughed without pay until a deal is reached to start the government back up. To help affected employees cope with the temporary layoffs, Hyundai is expanding its Assurance program to defer all of their auto loan or lease payments until they’re called back to work.
“We recognize the impact on family budgets that the furlough will drive,” says John Krafcik, president and CEO of Hyundai Motor America. The automaker also says it will allow furloughed employees to buy new cars during October with help from a 90-day payment deferral.
We’re sure Hyundai’s act of goodwill relieves some of the stress that furloughed Hyundai owners and their families are experiencing. Check out the press release below.
Continue reading Hyundai deferring car payments for furloughed federal workers
Hyundai deferring car payments for furloughed federal workers originally appeared on Autoblog on Tue, 01 Oct 2013 18:28:00 EST. Please see our terms for use of feeds.
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