|Bid||43,000.00 x 0|
|Ask||43,550.00 x 0|
|Day's Range||42,350.00 - 43,500.00|
|52 Week Range||26,200.00 - 45,400.00|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||900.00 (2.13%)|
|1y Target Est||34,942.00|
Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies. "With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said.
"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said. Aurora said in a blog post that Hyundai and Kia's investment is part of a series B financing round, which has now raised more than $600 million.
A U.S. appeals court restored a $210 million nationwide class-action settlement for hundreds of thousands of owners of Hyundai Motor Co and Kia Motors Corp vehicles whose fuel economy estimates were inflated. It also rejected arguments by owners opposed to the settlement that the claims process was too burdensome, and that lawyers for the class had colluded with the automakers to extract a "sweetheart deal" that undervalued their claims. The case began after the U.S. Environmental Protection Agency found flaws in Hyundai's and Kia's testing procedures, prompting the automakers to lower fuel efficiency estimates for about 900,000 vehicles from the 2011, 2012 and 2013 model years.
A U.S. appeals court on Thursday upheld a $210 million nationwide class-action settlement for owners of Hyundai Motor Co and Kia Motors Corp vehicles whose fuel economy was inflated. The appeals court also said there was no evidence of collusion between the drivers' lawyers and the automakers. The litigation began after the U.S. Environmental Protection Agency found flaws in Hyundai's and Kia's testing procedures, and the automakers lowered fuel efficiency estimates for about 900,000 vehicles in the 2011, 2012 and 2013 model years.
Beyond the significant cash infusion, the three parties said the deal includes"a strategic partnership to collaborate on the development of high-performanceelectric vehicles
A South Korean automakers' group called on Friday for an end to generous state subsidies for sales of Chinese electric vehicles (EVs), citing a potential threat to local automakers and Beijing's "discrimination" against EVs equipped with Korean batteries. Jeong Marn-ki, president of the Korea Automobile Manufacturers Association, said Chinese automakers could boost EV exports as domestic demand suffered from a phasing out of Beijing's EV subsidies and a trade dispute with the United States.
The U.S. National Highway Traffic Safety Administration is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls, it said on Tuesday. The agency, known as NHTSA, said the air bags were installed in some vehicles from model years 2010 through 2019 sold by Fiat Chrysler Automobiles NV, Honda Motor Co, Hyundai Motor Co, Kia Motors Corp, Mitsubishi and Toyota Motor Corp.
Park Byung-kyu once led Kia Motor's union in the city of Gwangju, fighting for labour protections against the powerful, family-run chaebol that dominated the economy during South Korea's rapid industrialisation. The attack also left him disillusioned with the approach of South Korea's forceful and often militant unions, which have faced increasing criticism for protecting their interests at the expense of other workers. Now, Park is working for the city of Gwangju on a proposed joint venture with Hyundai Motor Co to build a new low-wage car factory, Hyundai's first new factory in South Korea in 25 years.
SEOUL (Reuters) - South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless ...
The top U.S. auto safety regulator said on Monday it will open an investigation into 3 million Hyundai Motor Co and Kia Motors Corp vehicles after reviewing reports of more than 3,000 fires that injured over 100 people. The National Highway Traffic Safety Administration (NHTSA) said the investigation is in response to a petition seeking a probe filed in June by the Center for Auto Safety. The investigation covers the 2011-2014 Kia Optima and Sorento and the 2010-2015 Kia Soul, along with the 2011-2014 Hyundai Sonata and Santa Fe.
South Korea-headquartered automakers Hyundai Motors and Kia Motors announced today that they will be investing $300 million in the electric vehicle mobility initiative of Ola, India's cab-hailing giant. Ola has a nearly $6 billion valuation and has raised $3.8 billion to-date. The company has been ramping up efforts to tackle Uber – a daunting task, particularly because Uber is at the threshold of its initial public offering and therefore will have greater liquidity to flex its muscle in India.
Russia's Yandex and Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, agreed to jointly develop control systems for driverless vehicles, Yandex said on Tuesday. Yandex added they may expand into other areas of cooperation such as developing joint products that would integrate Yandex's speech, navigation, and mapping technologies.
(Reuters) - South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility ...
The move follows the $275 million that the pair invested in Singapore-based ride-hailing firm Grab last year. Hyundai, Kia and Ola will collaborate to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market, they said in a joint statement.
The South Korean automakers have recalled more than 2.3 million vehicles since 2015 to address various engine fire risks in a series of recalls. In November, Reuters reported that federal prosecutors had launched a criminal investigation into Hyundai and Kia to determine if vehicle recalls linked to engine defects had been conducted properly. This is a serious matter, and we are moving aggressively and responsibly to uncover the facts and to ensure accountability," Tong said in a statement.