Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
SEOUL Shares in Hyundai Motor tumbled on Monday on a U.S. probe into why air bags failed to deploy in some of its Sonata sedans, with investors fretting about potential recall costs for the once popular cars. | Video
BUPYEONG, South Korea Having lost his temporary job as a mechanist at GM Korea twice in the past eight years, Shin Hyun-chang was eagerly awaiting a court ruling last month on whether the automaker would be forced to recognise him as a full-time employee.
SEOUL South Korea this week began doing due diligence on GM Korea to decide whether to extend financial support to the loss-making operations of General Motors , after the U.S. automaker announced a restructuring of the unit and a closure of one of the plants.
SEOUL South Korea held an initial meeting on Monday for its due-diligence of General Motors' local unit to decide whether to provide funds for the unit's troubled operations.
SEOUL Almost 2,500 workers at General Motors' South Korean unit, equivalent to 15 percent of its staff, have applied for a redundancy package that the U.S. automaker is offering as part of a drastic restructuring, union officials said.
SEOUL General Motors' South Korean unit plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion proposal for the loss-making operation, according to a document seen by Reuters.
SEOUL General Motors saw its South Korean vehicle sales tumble by almost half in February, as consumers took fright at its decision to slash production and restructure its loss-making operations in the country.
SEOUL General Motors' South Korean unit plans to slash the number of its executives, an internal letter seen by Reuters showed - the latest step by the U.S. automaker as it attempts a politically contentious restructuring of the loss-making business. | Video
SEOUL For years, General Motors resisted calls from South Korean officials to cut interest rates it was charging on nearly $3 billion in loans to its loss-making South Korean unit, according to three sources and documents seen by Reuters.
SEOUL General Motors' South Korean unit said it plans to resume wage talks with its labor union on Wednesday, earlier than expected, as it tries to cut costs at the loss-making operations and keep its factories open.
- Gold: PRECIOUS-Gold steadies after hitting two-week high on Fed rate view
- Oil Report: UPDATE 1-Russia's Putin accepts Bashir invitation to Sudan
- British Pound Report: UPDATE 1-Sterling hits 7-week high ahead of BoE meeting; retail sales jump
- US Dollar Report: FOREX-Dollar hovers above one-month low as market digests rate hike; euro struggles