|Bid||131,000.00 x 0|
|Ask||131,000.00 x 0|
|Day's Range||126,000.00 - 130,500.00|
|52 Week Range||92,500.00 - 144,000.00|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||3,000.00 (2.17%)|
|1y Target Est||138,692.00|
India's antitrust regulator is looking into allegations that Maruti Suzuki, the country's biggest car maker, resorted to anti-competitive practices by controlling how its dealers discounted cars, three people aware of the matter said. Maruti, majority-owned by Japan's Suzuki Motor Corp, is a household name in India where it commands a 51 percent market share. It sold 1.73 million passenger vehicles in the year to March and has nearly 3,000 dealers in the country.
China is also attracting much investment, with companies keen to increase their share of the world's largest car market and keep up with the country's push towards electric vehicles. Following are summaries of investments and restructuring efforts made by major automakers in the United States and China since 2017.
South Korean automakers saw their shares rise on Monday on optimism they would be exempt from import tariffs on vehicles the United States deems a threat to national security, after the U.S. president said a revised trade deal could address concerns. Hyundai Motor Co and affiliate Kia Motors Corp shares were both up nearly 3% in morning trade. U.S. President Donald Trump on Friday declared some imported vehicles and vehicle parts posed a national security threat.
Asian shares steadied on Thursday on news that U.S. President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak U.S. and and Chinese economic data. The uptick came after three administration officials told Reuters on Wednesday that Trump is expected to delay a decision on tariffs on imported cars and parts by up to six months.
Beyond the significant cash infusion, the three parties said the deal includes"a strategic partnership to collaborate on the development of high-performanceelectric vehicles
Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. According to Reuters calculations, Bosch would only need a tenth of the platinum used in current fuel cell vehicles. Hopes of reviving demand and prices of platinum increasingly hinges on widespread uptake of fuel cells in vehicles, ships and trains to make up for dwindling amounts used in each device, analysts say.
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.
South Korea's Hyundai Motor unveiled a promising outlook for sales at home and in the United States, and also reported its first rise in profit in five quarters, in an early sign of recovery even as it battles a slump in China. This comes as Hyundai's heir apparent Euisun Chung tightens his grip and reshuffles top management to revive stalled growth at the automaker - once hailed as a star performer during the global financial crisis about a decade ago. Hyundai is now rolling out a full line-up of sport utility vehicles (SUVs) this year, after a consumer shift to the segment took a toll on its sedan-heavy line-up.
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.
Audioburst, a startup that uses AI technology to extract the best bits from podcasts and talk radio to create new listening experiences, has raised an additional $10 million in strategic funding from Dentsu and Hyundai Motor Company. Dentsu and Hyundai join Audioburst's other strategic investors, Samsung Ventures, Nippon Broadcasting, and Advanced Media, Inc., and bring the company's total raise to date to $25 million. The startup today ingests and indexes millions of audio segments per day, then uses AI technology -- including Automatic Speech Recognition and Natural Language Understanding -- to create products like a searchable library of audio, personalized audio feeds and news briefs, notifications and more.
Hyundai Motor Co has appointed Jose Munoz as global chief operating officer and Americas chief, tapping a man formerly considered an ally and potential successor of Nissan Motor Co Ltd's ousted Chairman Carlos Ghosn. Munoz is the latest foreign executive to be brought in to a South Korean automaker dominated by lifelong loyalists, as heir-apparent Euisun Chung strengthens control of the conglomerate chaired by his aging father. In the U.S., Hyundai is also the subject of a regulatory investigation into the timeliness of vehicle recalls involving defective engines.
Electric passenger vehicles are getting most of the attention, but the battle between electric trucks and hydrogen powered semi’s is going under the radar
Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally. Michelle Krebs, analyst at online marketplace Autotrader, expects EV sales to remain relatively modest until charging infrastructure, prices and battery performance improve.
Munoz, who will take charge on May 1, has also been named president and chief executive officer of Hyundai Motor North America and Hyundai Motor America. Previously, Munoz, 53, was Nissan Motor Co's chief performance officer and head of its China operations.
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.