|Bid||210,000.00 x 0|
|Ask||210,500.00 x 0|
|Day's Range||208,500.00 - 218,000.00|
|52 Week Range||197,500.00 - 268,500.00|
|Beta (5Y Monthly)||0.43|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2020 - Apr 29, 2020|
|Forward Dividend & Yield||4,000.00 (1.83%)|
|Ex-Dividend Date||Dec 27, 2019|
|1y Target Est||253,462.00|
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.
On the 4th, Hyundai Mobis (012330.KS), which is strengthening its open cooperation with other entities in preparation for a paradigm shift to future vehicles, announced the launch of M. Cube in China’s Shenzhen, a mecca for Chinese start-ups.
Hyundai Mobis (012330.KS) recently announced the successful development of “Preview Air Suspension Technology,” which automatically adjusts the vehicle height and absorbs road shock by proactively using upcoming navigational information. It is a technology that predicts the road conditions and traffic information, providing a comfortable ride while ensuring safety.
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.
On March 31, Hyundai Mobis (012330.KS), announced during its meeting at the KINTEX Seoul Motor Show that the company would be the first in Korea to secure the global-caliber ‘deep learning-based high-performance image recognition technology’ for recognizing vehicles, pedestrians and geographical features of the road by the end of the year, and begin to mass-produce front camera sensors supporting autonomous driving in 2022. The ‘deep learning-based image recognition technology’ consists of ‘image recognition artificial intelligence’ that uses the automation technique to learn image data.
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.