|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||216,000.00 - 219,000.00|
|52 Week Range||197,500.00 - 268,500.00|
|Beta (5Y Monthly)||0.43|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||4,000.00 (1.82%)|
|Ex-Dividend Date||Dec 27, 2019|
|1y Target Est||N/A|
Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters. Cognitive Pilot develops components for self-driving cars as well as autonomous control systems for agricultural machinery, trains and trams. It lists state rail operator Russian Railways, farming conglomerate Rusagro and South Korean auto parts maker Hyundai Mobis among its clients.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hyundai Mobis Co., Ltd. Hong Kong, February 05, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hyundai Mobis Co., Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and board seats, South Korean media reported. Hyundai Motor also declined to comment. Elliott held more than $1 billion worth of shares in Hyundai Motor , Kia Motors and Hyundai Mobis , an Elliott unit said in April 2018.
Moody's Investors Service says that the proposed joint venture (JV) between Hyundai Motor group entities and Aptiv Plc (Baa2 stable) to develop autonomous driving is credit positive for the three affected group companies, namely Hyundai Motor Company (Baa1 negative), Kia Motors Corporation (Baa1 negative) and Hyundai Mobis Co., Ltd. (Baa1 negative). "The proposed JV with Aptiv will provide the Hyundai Motor group companies earlier access to level 4 and 5 autonomous driving technologies, with the potential for accelerated commercialization of such products," says Wan Hee Yoo, a Moody's Vice President and Senior Credit Officer.
South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday. Both companies plan to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030, the report, which cited unnamed industry sources, said. The agreement was signed on the sidelines of a business forum held in Seoul on Thursday by the South Korean government and China's Guangdong province, it said.
Hyundai Motor Group companies' shareholders rejected on Friday Elliott Management's demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund's campaign to shake up ...
Hyundai Mobis shareholders voted on Friday against Elliott Management's proposal for dividend payouts. Elliott Management had called for a special dividend and a board shake-up at Hyundai Motor Group, ...
Hyundai Mobis shareholders on Friday voted against Elliott Management's proposal to expand the board to 11 directors from nine. The shareholders are set to vote on respective director nominees from the U.S. hedge fund and the management, after shareholders rejected Elliott's dividend proposal earlier in the meeting.
Investors in Hyundai Motor Group companies are due to meet on Friday to vote on U.S. hedge fund Elliott Management's demands for a massive special dividend and board makeover, in the latest case of shareholder activism in the Asian country. Elliott, founded by billionaire Paul Singer, successfully led a campaign against Hyundai's ownership restructuring plan last year, which it called "deeply unfair and value-destructive". While its latest demands look likely to fail on most counts, even if it manages to gain a single seat at Hyundai it would be a major victory for shareholder empowerment in the country.
The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund's demands for a hefty special dividend and a board shake-up. Elliott's challenge to South Korea's second-biggest family-run conglomerate is the latest example of shareholder activism in Asia's fourth-biggest economy, long dominated by powerful cliques that took minority investors for granted. The activist fund founded by billionaire Paul Singer tasted success last year when it and other investors opposed Hyundai's ownership restructuring plan on the basis that it would favour family members rather than minority shareholders.
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.
On the heels of Hyundai becoming the latest investor in Ola, today another key deal was revealed that underscores Hyundai's ambitions in next-generation automotive services. Yandex, the Russian search giant that has been working on self-driving car technology, has inked a partnership with Hyundai to develop software and hardware for autonomous car systems. While companies like Google, Apple and Baidu have been working on different aspects of connected cars with automotive companies -- covering both infotainment integrations as well as some starts in self-driving technology -- this is Yandex's first partnership with a carmaker, and specifically, an OEM.
Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea's Hyundai Motor Group on Thursday when major shareholder the National Pension Service (NPS) said it would vote down the U.S. hedge fund's proposals. Elliott, founded by billionaire Paul Singer, has been battling to get South Korea's No.2 conglomerate to return excess capital to shareholders and fix governance problems since May last year when it scuppered a restructuring plan. The fund has demanded 7 trillion won ($6.2 billion) in one-off dividend payments and seats on the boards of group companies Hyundai Motor and Hyundai Mobis, in proposals to be put to a shareholder vote on March 22.
Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea's Hyundai Motor Group on Thursday when major shareholder the National Pension Service (NPS) said it would vote down the U.S. hedge fund's proposals. Elliott, founded by billionaire Paul Singer, has been battling to get South Korea's No.2 conglomerate to return excess capital to shareholders and fix governance problems since May last year when it scuppered a restructuring plan.
NEW YORK/SEOUL (Reuters) - Proxy advisory firm International Shareholder Services on Monday recommended that Hyundai Motor Group investors elect some directors nominated by Elliott Management as the activist hedge fund braces for a showdown with the South Korean conglomerate. ISS, however, advised shareholder votes against the dividend proposals Elliott has made at automaker Hyundai Motor Co and parts affiliate Hyundai Mobis Co Ltd. Elliott, the $35 billion New York-based hedge fund, hopes to obtain seats on the boards at the South Korean firms and push for more than $6 billion in dividends, in a bid to address what it considers excess cash and poor corporate governance.
The Hong Kong arm of Elliott Management on Monday laid out to the public its shareholder presentations pushing the car company and its car-components affiliate Hyundai Mobis to reform and restructure. Singer is pushing for the Hyundai group to unlock the stored cash on its books. fell on Monday after both Hyundai and Kia recalled yet more cars in North America.
Elliott Management Corp on Wednesday urged shareholders of a Hyundai Motor Group firm to vote for its proposal for higher dividends and new board members, a day after the South Korean conglomerate rejected demands by the U.S. activist investor. A growing dispute between the two has complicated efforts to revamp South Korea's No.2 conglomerate and pave the way for the group's executive vice-chairman, Euisun Chung, to take over as group chairman from his 80-year-old father Mong-Koo Chung. Hyundai Motor and Hyundai Mobis, under pressure to address excess cash and governance structures, on Tuesday rejected Elliott's demands for a combined 7 trillion won (4.72 billion pounds) dividend payout, well above the companies' proposed payouts of nearly 1 trillion won.