|Bid||33,100.00 x 0|
|Ask||33,250.00 x 0|
|Day's Range||32,800.00 - 33,350.00|
|52 Week Range||29,950.00 - 41,450.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 24, 2018 - Jan 29, 2018|
|Forward Dividend & Yield||0.91 (3.25%)|
|1y Target Est||N/A|
South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. next year, a Hyundai Motor think tank said. The fall in the yen will intensify competition in major markets, such as China and the United States, where overall demand is expected to shrink in 2018, the think tank said. It projected that the Korean won would fetch 978 per 100 yen next year, compared with 1,018 this year.
Announcement: Moody's: Hyundai Motor's 3 Q 2017 results in line with its Baa1 rating. Global Credit Research- 27 Oct 2017. Hong Kong, October 27, 2017-- Moody's Investors Service says that Hyundai Motor ...
Hyundai Motor posted a smaller-than-expected drop in quarterly profit, but cautioned of continued weak demand and rising competition in the United States, indicating the South Korean firm was still far from being out of the woods. Run by 79-year-old founding family member Chung Mong-koo, Hyundai Motor has not posted a year-on-year rise in quarterly profit since 2014 due to its delayed response to the burgeoning demand for sport utility vehicles (SUVs) in the United States. While the automaker has plans to bring more SUVs in the United States and China, analysts say continued weakness in the top markets has already put Hyundai and its affiliate Kia Motors on track to miss their global sales target for a third straight year in 2017.
PARIS (Reuters) - French carmaker PSA Group (PEUP.PA) and U.S. competitor Ford (F.N) led a 2 percent decline in European car sales last month, according to industry data published on Tuesday. September ...
A Wall Street Journal analysis of 2017 model-year data on the origin of the thousands of parts that make up an automobile found glaring inaccuracies and a lack of consistency in how car companies report....
South Korea's Hyundai Motor Co launched its first new sedan under the premium Genesis marque in Seoul on Friday, hoping to cement the brand's place in the luxury segment and make up for its lack of a strong SUV line-up. U.S. pop singer Gwen Stefani will perform for about 10,000 people at a gala event to launch the G70, the third sedan to carry the Genesis name but the first to be marketed exclusively under Hyundai Motor's fledgling premium brand.
South Korea's Hyundai Motor Co will launch its first new sedan under the premium Genesis marque in Seoul on Friday, hoping to cement the brand's place in the luxury segment and make up for its lack of a strong SUV line-up. U.S. pop singer Gwen Stefani will perform for about 10,000 people at a gala event to launch of the G70, the third sedan to carry the Genesis name but the first to be marketed exclusively under Hyundai Motor's fledgling premium brand.
Kia Motors Corp has hired as its head of styling Pierre Leclercq, a former designer at BMW (BMWG.DE) and Great Wall Motor , in a move expected to help the South Korean automaker reverse its fortunes in its top market China. Kia and its affiliate Hyundai Motor , together the world's No.5 carmaker, have been grappling with declining sales in the world's top auto market due to political tensions between Seoul and Beijing, competition from Chinese brands and a dearth of popular sport utility vehicle (SUV) models. As head of design for Great Wall Motors since 2013, Leclercq oversaw projects including a revamped Haval H6 SUV that was "well-received for its refined design", Kia Motors said in a statement on Thursday.
Announcement: Moody's: Kia Motor's rating unaffected by court's ruling on ordinary wage lawsuit. Global Credit Research- 01 Sep 2017. Hong Kong, September 01, 2017-- Moody's Investors Service says that ...
South Korea's Kia Motors said it expects to pay about 1 trillion won (686.67 million pounds) in additional wages and would post a third-quarter operating loss after a court ruled in favour of workers in a landmark labour dispute on Thursday. Seoul Central District Court gave workers a major, if only partial, victory in their closely watched dispute with Kia, ordering the Hyundai Motor affiliate to pay about 420 billion won in unpaid wages.
South Korea's Kia Motors said on Thursday it expected to pay about 1 trillion won ($887.11 million) in back-pay to its workers after it lost a wage dispute in court, and the impact would be reflected in its third-quarter results. The Seoul Central District Court earlier on Thursday ordered the automaker to make up about 420 billion won in unpaid wages, but Kia said in a regulatory filing the total cost would be more like 1 trillion won once all wages were adjusted.
Austria's Transport Minister Joerg Leichtfried said on Tuesday he had agreed with carmakers to update the software of 600,000 diesel cars to reduce pollution following a similar deal struck in Germany after a large-scale emissions scandal. Leichtfried said the deal also included extra payments to buyers of more environmentally friendly cars. The exact amount of incentives, which will come in addition to existing government sweeteners for e-car buyers, will be decided and paid by the carmakers depending on the model of the vehicle exchanged for an old car, the spokesman of Austrian car importers association Guenther Kerle said.
Announcement: Moody's: Hyundai Mobis' rating unaffected by weaker 2 Q 2017 results. Global Credit Research- 31 Jul 2017. Hong Kong, July 31, 2017-- Moody's Investors Service says that the year-on-year ...
HAMBURG/SHANGHAI, July 14(Reuters) - Global automakers have urged China to delay and soften planned quotas for sales of electric and hybrid cars, saying its proposals will be impossible to meet and would severely disrupt their businesses, according to a letter seen by Reuters. The June 18 letter addressed to the head of China's Ministry of Industry and Information Technology, is the most cohesive pushback yet from the industry against ambitious targets for so-called new energy vehicles in the world's biggest auto market.
Global automakers have urged China to delay and soften planned quotas for sales of electric and hybrid cars, saying the current proposals are impossible to meet and would cause big disruption to their businesses, according to a letter seen by Reuters. The letter, dated June 18 and addressed to China's Minister of Industry and Information Technology, Miao Wei, amounts to a protest against key elements of the country's new energy vehicles (NEVs) policy.
The world's four biggest automotive industry associations have written to China's government to demand it change its plans for strict sales quotas for electrically powered vehicles, German weekly magazine WirtschaftsWoche reported, citing the letter. The associations, based in Europe, the United States, Japan and South Korea and representing around 70 percent of global car production, also called for the quotas to be postponed by at least one to three years, the magazine said on Thursday. China last month upheld the sales quotas for electric cars in draft regulation, ignoring concessions that had been agreed between Chinese Premier Li Keqiang and German Chancellor Angela Merkel.
Volkswagen was hit by its first ever strike in Slovakia on Tuesday as workers began a walkout to demand a higher pay increase which could hurt the central European country's manufacturing output. About 70 percent of VW's 12,300 employees at its three factory facilities joined the protest, union chief Zoroslav Smolinsky said, adding that production would be hit. VW said the Bratislava plant halted production lines that make Volkswagen Touareg, Audi Q7, Volkswagen up!, Seat Mii, Skoda Citigo and bodies for the Porsche Cayenne.