HYMTF - Hyundai Motor Company

Other OTC - Other OTC Delayed Price. Currency in USD
23.40
0.00 (0.00%)
At close: 2:36PM EDT
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Previous Close23.40
Open20.13
Bid0.00 x 0
Ask0.00 x 0
Day's Range20.13 - 23.40
52 Week Range9.50 - 44.00
Volume528
Avg. Volume851
Market Cap17.536B
Beta (5Y Monthly)0.39
PE Ratio (TTM)6.14
EPS (TTM)3.81
Earnings DateN/A
Forward Dividend & Yield1.75 (7.48%)
Ex-Dividend DateJun 26, 2019
1y Target EstN/A
  • Moody's

    Hyundai Glovis Co., Ltd. -- Moody's places Hyundai Glovis' rating under review for downgrade

    Moody's Investors Service has placed Hyundai Glovis Co., Ltd.'s Baa1 issuer rating under review for downgrade. This rating action follows Moody's decision to place Hyundai Motor Company's (HMC, Baa1 rating under review) rating on review for downgrade. "The review for downgrade for Hyundai Glovis reflects the same action on HMC's rating, as the former's credit quality is closely linked to that of the Hyundai Motor group," says Sean Hwang, a Moody's Analyst.

  • Moody's

    Yanfeng Global Auto Interior Sys Co., Ltd -- Moody's places ratings of four Chinese and Korean automotive parts suppliers under review for downgrade

    Moody's Investors Service has today placed the ratings of four Chinese and Korean Automotive parts suppliers under review for downgrade. The four companies are Hyundai Mobis Co., Ltd., Johnson Electric Holdings Limited, Nexteer Automotive Group Limited, and Yanfeng Global Automotive Interior Systems Co., Ltd. A full list of the affected ratings can be found at the end of this press release.

  • Moody's

    Hyundai Capital Services, Inc. -- Moody's places Hyundai Capital Services on review for downgrade

    Moody's Investors Service has placed on review for downgrade Hyundai Capital Services, Inc.'s (HCS) Baa1 long-term foreign currency issuer and foreign currency senior unsecured debt ratings, as well as the (P)Baa1 senior unsecured rating on its medium-term note (MTN) programme. This action follows Moody's decision to place the ratings of HCS' parents, Hyundai Motor Company (HMC, Baa1 review for downgrade) and Kia Motors Corporation (Kia, Baa1 review for downgrade), on review for downgrade.

  • Moody's

    Hyundai Capital America -- Moody's places Hyundai Capital America's ratings on review for downgrade, following similar action on the ratings for its parent

    Moody's Investors Service, ("Moody's") placed the ratings for Hyundai Capital America (HCA), including the Baa1 long-term senior unsecured, on review for downgrade. At the same time, Moody's affirmed its Prime-2 commercial paper rating.

  • Moody's

    BAIC Inalfa HK Investment Co., Limited -- Moody's reviews ratings of five Korean and Chinese automakers for downgrade

    Moody's Investors Service has placed the ratings of five automakers in Korea and China on review for downgrade. The five companies are Hyundai Motor Company, Kia Motors Corporation, Dongfeng Motor Group Company Limited, Beijing Automotive Group Co., Ltd. and Geely Automobile Holdings Limited. At the same time, Moody's has placed on review for downgrade the ratings on the bonds issued by Dongfeng Motor (Hong Kong) Intl Co., Ltd. and BAIC Inalfa HK Investment Co., Limited, which are guaranteed by Dongfeng Motor Group Company Limited and Beijing Automotive Group Co., Ltd., respectively.

  • South Korea assists auto industry struggling with coronavirus fallout
    Autoblog

    South Korea assists auto industry struggling with coronavirus fallout

    SEOUL —  South Korea said on Monday it would provide logistical and financial support to help its auto industry through the coronavirus crisis, warning of disruptions to supply chains from Europe and the United States. The government said it would speed up customs clearance, arrange freight transportation and provide liquidity support for the industry, which employs about 12% of South Korea’s workforce, according to official figures. The coronavirus pandemic has led to shutdowns at auto factories and dealerships in the United States and Europe, which are expected to affect South Korean automakers such as Hyundai and Kia.

  • Hyundai Motor's China plant sales in February fall 97% from a year ago
    Reuters

    Hyundai Motor's China plant sales in February fall 97% from a year ago

    Hyundai Motor's <005380.KS> China domestic plant sales in February was 1,007 vehicles, company data showed on Tuesday, down 97% from 38,017 vehicles a year ago. The automaker's global auto sales fell to their lowest in a decade in February as coronavirus worries kept buyers away - in one of the first major indicators of damage to business in the broader auto sector due to the epidemic.

  • Hyundai Motor Unveils "Prophecy" Concept EV
    PR Newswire

    Hyundai Motor Unveils "Prophecy" Concept EV

    Hyundai Motor Company unveiled its new concept EV, "Prophecy", expressing the company's latest design language.

  • Reuters

    Americans keep buying cars, but coronavirus concerns loom over industry

    Industry analysts cautioned that a growing number of virus infections could deter Americans in March, and automakers face difficult calls on pricing and production. Car makers are expected to give dealerships details of their consumer discount offers in the coming days. Automakers could also cut prices to lure worried U.S. shoppers.

  • Hyundai reports lowest monthly sales in decade as virus dents demand
    Autoblog

    Hyundai reports lowest monthly sales in decade as virus dents demand

    Hyundai Motor reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the broader auto sector from the epidemic. South Korea's Hyundai, which with affiliate Kia Motors is the world's No.5 carmaker, is the first major automaker to announce sales for the month. The flu-like virus, which originated in China, has killed nearly 3,000 and roiled global financial markets as investors and policymakers brace for a steep knock to world growth.

  • The impact of the coronavirus on the auto industry
    Yahoo Finance Video

    The impact of the coronavirus on the auto industry

    As the coronavirus continues to impact all financial sectors, investors are looking at how the spread of the virus will affect the automotive industry. Yahoo Finance’s Alexis Christoforous joins On the Move to discuss.

  • Hyundai halts work at SUV factory after autoworker tests positive for coronavirus
    Autoblog

    Hyundai halts work at SUV factory after autoworker tests positive for coronavirus

    Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models such as Palisade sport utility vehicle. The closing dealt a fresh setback to Hyundai, which has gradually resumed production at local plants hit by a Chinese parts shortage in the wake of the virus outbreak. South Korea has the most infected people outside China, affecting companies like Samsung and Hyundai.

  • Benzinga

    Hyundai Stock Dips As Company Shuts Down Factory After Worker Tests Positive For Coronavirus

    The South Korean automaker has shut down a factory in the city of Ulsan after a worker tested positive for the coronavirus, Reuters reported Friday. Hyundai has five factories in Ulsan, which account for about 30% of the company's entire production worldwide, according to Reuters. Less than an hour's drive away from Ulsan, the city of Daegu has been at the center of the coronavirus outbreak in South Korea.

  • Hyundai shuts down factory due to infected worker
    Reuters Videos

    Hyundai shuts down factory due to infected worker

    A coronavirus case has appeared in the factory of one of the world's largest automakers. Hyundai Motor announced on Friday (February 28) that it would suspend production at one of its South Korean factories after one worker tested positive for the virus. The company saw its shares drop more than 5% after the news. The virus represents yet another setback for Hyundai. The company suffered from a parts shortage in the wake of the initial outbreak in China. It's only recently resumed production at local plants. Hyundai has asked South Korean colleagues who came in close contact with the infected employee to self-quarantine. It also plans to disinfect the factory, located in the southern city of Ulsan. Hyundai has five factories in the city. With 34,000 workers in the world's biggest car complex producing over 1.4 million vehicles annually, Ulsan is responsible for nearly 30% of Hyundai's global production. The city is just an hour from Daegu, the epicenter of South Korea's virus outbreak. South Korea has the most infected people outside China- and the government has declared the highest state of emergency. It reported over 2,000 cases total as of Friday, a number that has climbed rapidly in the past week. Panicked residents now wait in long lines to buy face masks- and workers can been seen disinfecting everything from subways to open-air markets.

  • Hyundai Motor halts work at factory after worker tests positive for coronavirus
    Reuters

    Hyundai Motor halts work at factory after worker tests positive for coronavirus

    Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models such as Palisade sport utility vehicle. The closing dealt a fresh setback to Hyundai Motor, which has gradually resumed production at local plants hit by a Chinese parts shortage in the wake of the virus outbreak. South Korea has the most infected people outside China, affecting companies like Samsung and Hyundai.

  • Hyundai to decide hydrogen fuel-cell factory location this year - exec
    Reuters

    Hyundai to decide hydrogen fuel-cell factory location this year - exec

    Hyundai Motor Co <005380.KS> and its affiliates are ready to decide the location of a new hydrogen fuel-cell system factory this year, which could be in South Korea or overseas, an executive said on Wednesday. The factory will be capable of producing more than 100,000 fuel cell systems, which include the fuel-cell stack and power control unit, annually from around 2024, Jeon Soon-il, a Hyundai Motor Group executive in its fuel cell division, said at a conference in Tokyo on Wednesday. A new factory in Chungju, South Korea, capable of making 40,000 systems a year, will be ready by the end of June, some two and a half years ahead of schedule, Jeon said.

  • Some Samsung, Hyundai workers self-quarantine as Korea Inc braces for virus impact
    Reuters

    Some Samsung, Hyundai workers self-quarantine as Korea Inc braces for virus impact

    Some South Korean workers at Samsung Electronics <005930.KS> and Hyundai Motor <005380.KS> are staying home as a precautionary measure as corporate Korea scrambles to prevent the coronavirus outbreak from causing widespread disruption in its home market. About 1,500 workers of Samsung Electronics' phone complex in the southeastern city of Gumi have self-quarantined after one of its workers was infected with the disease, a person familiar with the matter said. The southeastern city of Daegu - the epicenter of the virus outbreak in South Korea- and nearby cities are an industrial hub in South Korea, Asia's fourth-biggest economy, and home to factories of Samsung Electronics, Hyundai Motor and a number of others.

  • Hyundai Motor chairman to give up board seat as succession looms
    Reuters

    Hyundai Motor chairman to give up board seat as succession looms

    Hyundai Motor Group <005380.KS> Chairman Mong-Koo Chung plans to give up his board seat, in the latest sign that the octogenarian patriarch of South Korea's second-largest conglomerate is preparing to hand the reins over to his son. The company said on Wednesday it would propose Chief Financial Officer Kim Sang Hyun as a replacement for Chung on the board. Chung, the son of Hyundai's founder, has been stepping back from frontline operations in recent years.

  • Hyundai bet big on China. Now coronavirus is twisting its supply chain
    Reuters

    Hyundai bet big on China. Now coronavirus is twisting its supply chain

    South Korean car giant Hyundai Motor <005380.KS> has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. One of its main suppliers, Kyungshin, which has rapidly boosted capacity in China over the past two decades to capitalise on the country's lower labour costs and proximity to South Korea, has seen its operations hit hard by the epidemic. Now Kyungshin, which supplies almost half of the wiring harnesses for Hyundai's auto electrical systems in the carmaker's South Korean manufacturing hub, is scrambling to make up for production shortfalls.

  • Hyundai partners with startup Canoo to develop EVs
    Autoblog

    Hyundai partners with startup Canoo to develop EVs

    Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. The electric vehicle platform will be based on Canoo's proprietary skateboard design, according to the agreement that was announced Tuesday. The platform will be used for future Hyundai and Kia electric vehicles as well as the automaker group's so-called "purpose built vehicles." The PBV, which Hyundai showcased last month at CES 2020, is a pod-like vehicle that the company says can be used for various functions in transit, such as a restaurant or clinic.

  • Hyundai taps EV startup Canoo to develop electric vehicles
    TechCrunch

    Hyundai taps EV startup Canoo to develop electric vehicles

    Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. The electric vehicle platform will be based on Canoo's proprietary skateboard design, according to the agreement that was announced Tuesday. The platform will be used for future Hyundai and Kia electric vehicles as well as the automaker group's so-called "purpose built vehicles." The PBV, which Hyundai showcased last month at CES 2020, is a pod-like vehicle that the company says can be used for various functions in transit, such as a restaurant or clinic.

  • Hyundai signs development deal with another electric vehicle startup
    Reuters

    Hyundai signs development deal with another electric vehicle startup

    It was the second such deal announced in recent weeks by Hyundai and sister company Kia Motors Corp, which in mid-January said they would invest $110 million in UK startup Arrival and jointly develop electric commercial vehicles. In Seoul, a Hyundai spokesperson said the automaker's partnership with two-year-old Canoo would focus on smaller electric passenger vehicles about the size of its Accent compact.

  • Recalled 2006-2011 Hyundai Elantras could short and catch fire
    Autoblog

    Recalled 2006-2011 Hyundai Elantras could short and catch fire

    Hyundai Motor America and the National Highway Traffic Safety Administration (NHTSA) have issued a recall that affects up to 429,686 Hyundai Elantras from model years 2006-2011 and Hyundai Elantra Touring models from 2007-2011. Although Hyundai engineers have not specifically found a faulty part, they believe they have a solution related to the anti-lock braking system (ABS). Hyundai first caught wind of an engine compartment fire in a 2007 Hyundai Elantra in October 2017.

  • Carmakers look to resume China output after virus forced closures
    Reuters

    Carmakers look to resume China output after virus forced closures

    - BMW's China venture with Brilliance said on Feb. 5 the Chinese firm planned to restart production on Feb. 17. - Daimler said on Feb. 3 it plans to resume passenger car production in Beijing on Feb. 10. - General Motors said on Feb. 10 it plans to restart production in China on Feb. 15.

  • Global consumers reel from China's coronavirus containment as stop-work orders disrupt supplies of iPhones, Hyundai cars and toilet paper
    South China Morning Post

    Global consumers reel from China's coronavirus containment as stop-work orders disrupt supplies of iPhones, Hyundai cars and toilet paper

    A message went up in the WeChat discussion group shared by residents of The Belcher's apartment complex in Hong Kong's Pok Fu Lam district on Wednesday morning. "Toilet paper rolls are running out!" said the post.As word spread among the estimated 7,000 residents living in The Belcher's six tower blocks, households rushed into nearby supermarkets to replenish their stockpiles. By the day's end, every grocer, pharmacist and supermarket in the neighbourhood had run out of toilet paper, sanitary towels and alcohol wipes, adding to the tally of essential goods and staples that are already in short supply as Hongkongers hunker down for their second month of a global viral outbreak."Factories on the mainland are shutting for extended periods, so there can be no telling how long the current supply can last," said Harrison Lee, a local accountant whose entire office is under orders to work from home amid the coronavirus outbreak. "We depend on the mainland for almost everything we eat, or use everyday, so we have to be extra vigilant about signs of disruption."Factories in mainland China had been the largest supplier of goods to Hong Kong since 1982, providing 46 per cent of the city's 2018 imports. The panic hoarding of toilet paper in a Hong Kong neighbourhood offers a glimpse of how China's manufacturing prowess " the country is dubbed the "world's factory" for everything from clothing to cars to smartphones and toys " is being emaciated, as the government ordered assembly workers to stay home to contain a coronavirus outbreak. The disease, which can be traced to the Hubei provincial capital of Wuhan, has afflicted 31,453 people around the world at last count, killing 638, most of them in mainland China.A shopper stocks up on sanitary products at the Taste supermarket in Wan Chai, amid the coronavirus outbreak on 5 February 2020. Photo: Nora Tam alt=A shopper stocks up on sanitary products at the Taste supermarket in Wan Chai, amid the coronavirus outbreak on 5 February 2020. Photo: Nora TamTo contain the transmission of the disease, the Chinese government has extended the nationwide public holiday for the Year of the Rat in the lunar calendar, and ordered companies and factories across 17 cities and provinces to stop operating until February 9, forcing an estimated 50 million people to stay home. As a result, factories are sitting idle, and the effects are beginning to show up in far-flung corners of the global supply chain, from Apple's iPhones to Hyundai Motor's cars, fuelling Hong Kong's panic over toilet paper."The greater the disruption in China, the more likely it is to spread overseas," Capital Economics' chief emerging markets economist Neil Shearing said in a Reuters interview. "Given that China is now at the heart of many global supply chains, this will have knock-on effects around the world."Infographics: 2019 coronavirus surpasses 2003 Sars outbreak in afflictionsThis isn't China's first brush with an epidermic. Seventeen years ago in 2003, southern China's Guangdong province was the source of the global outbreak of the severe acute respiratory syndrome, or Sars, which sickened 8,098 people in 17 countries, killing 774 patients.This year's outbreak, which like the 2003 disease is linked to a coronavirus, has surpassed Sars in affliction. The difference though, is China's role in global manufacturing and the economy's heft in world trade.China made up 4.4 per cent of world trade and GDP in 2003, jumping to 10.2 per cent of global commerce in 2018, and 15.8 per cent of the world's economy, according to CICC Research. Manufacturing contributed to 32 per cent of China's economic output last year, according to government statistics.SCMP Graphics alt=SCMP GraphicsSouth Korean carmakers are the first of China's global customers to feel the direct impact. The nation's largest carmaker Hyundai Motor suspended all production on Tuesday for a week because it ran out of a crucial wiring component after a worker at its supplier's factory caught the coronavirus in China, forcing the entire plant to shut.Ssangyong Motor halted its Pyeongtaek assembly for a week, also because of the shutdown by Chinese suppliers. Kia Motors, the second-biggest South Korean carmaker, reduced its output in Hwaseong and Gwangju for the same reasons, according to local media reports.The ripples will only amplify before receding, as the coronavirus outbreak shows no signs of abating, even if the recoveries are double the death toll, while a cure remains elusive, some analysts said. Guangdong, Zhejiang, Henan and Jiangsu, the four engines of China's manufacturing powerhouse, also happen to be among the 10 most afflicted provinces, which means all their factories are sitting idle under the government's stop-work order.Infographic: Global carmakers and their venture partners in ChinaWuhan, the city of 11 million people that reported the very first case in December, is the epicentre of the current outbreak.It is China's fourth-largest production centre of vehicles in China, after the provinces of Guangdong, Jilin and Shanghai, according to Bloomberg's data. France's two largest carmakers assemble Renault and Peugeot-Citroen cars in Wuhan, investing the equivalent of a third of French investments in the whole of China. Dongfeng Motor Group Company is most exposed, with about half of its production capacity based in Hubei alone, according to Moody's Investors Service analyst Gerwin Ho.The lockdown order applies to such manufacturing hubs as Guangdong, Zhejiang and Jiangsu, as well as the mega cities of Beijing, Shanghai and Chongqing. That would hurt Tesla's March-quarter profit, as an extended shutdown affects the delivery of its Model 3 electric cars from its US$2 billion Gigafactory in Shanghai.In Jiangsu province, a manufacturer of explosion-proof forklifts said the forced holiday adds to a number of problems faced by China's 30 million small and medium enterprises (SMEs), who generate an estimated 80 per cent of the nation's jobs."We are worried about everything, due to the shortage of labour, raw material and even face masks" to protect staff from infection, said David Zhang, a senior executive at Suzhou Hazardtex, with 50 workers on staff. "It will take at least two weeks for us to secure sufficient supply of raw materials to run our factory at the full capacity. Without enough face masks, we are unable to make full use of our labour force either."SCMP Graphics alt=SCMP GraphicsHenan province in central China has also ordered all business operations to shut. In the provincial capital of Zhengzhou, Hon Hai Precision Industry has 100,000 assembly workers on staff " expanding to 300,000 to fill pre-holiday shopping orders " who assemble Apple's iPhones, iPads and other electronic devices from fitness bands to smart watches for major consumer brands.The world's largest contract manufacturer, also known as Foxconn, said it would take at least one or two weeks to resume full production. That has pushed Apple, which sources some of its components from suppliers in Wuhan and Jiangsu, to give a wider-than-usual range in its March revenue outlook, citing uncertainty over its supply chain as the reopening of some of the vendors' factories had been moved to February 10, from the end of January.At Suzhou Hazardtex, that is equivalent to a month of foregone production, said its senior executive Zhang. The city government has ordered landlords to halve their rental charges for two months to ease the burden on tenants, and would reimburse 50 per cent of their local jobless pension contribution to add to companies' cash flow."It can only compensate part of our losses," said Zhang. "We are expecting stronger incentives since the business outlook remains bleak this year."SCMP Graphics alt=SCMP GraphicsTo be sure, the lost business is even more acutely felt in retailing, consumer services and the entertainment business."The ongoing transport suspensions, travel bans and overall reduced customer traffic flows are weakening sales and cash flow, thereby raising credit risk for companies in the Chinese retail, travel and transport sectors," said Cedric Lai, a Moody's vice-president and senior analyst. "More broadly speaking, we see a risk for domestic supply chains to be disrupted, which would translate into output losses as transport becomes or remains disrupted, workers are evacuated, or products from suppliers are not delivered."Japan's Fast Retailing closed 280 of its 750 stores in China amid the lockdown. Ralph Lauren said half of its 110 outlets are on extended holiday while Starbucks has shuttered half of the 4,300 cafes it operates in China. Similar closures had been reported by Nike, McDonald's, H&M;, and Levi Strauss."No one is dining out as the virus has yet to be contained," said Ken Xia, who pays 50,000 yuan (US$7,166) every month in wages for his five staff, and as rent for his noodles and fast-food restaurant in Shanghai's Baoshan district. "I wouldn't be surprised if I lose 20,000 to 30,000 a month between February and April."The loss of business in China goes directly to the bottom line of global companies. Carlsberg of Denmark, Levi Strauss of the US and Tata Motors of India " owner of the Jaguar and Land Rover marques " have all warned that their profits would be hurt by extended shutdowns in China.Large-scale public activities including concerts, exhibitions and performances have been suspended indefinitely, to deter gathering crowds, which would exacerbate the transmission of the virus. A two-month closure at its Shanghai theme park could cost The Walt Disney Company US$135 million in second-quarter operating income, the entertainment giant said.How long will this last? The "plateau stage" of the current coronavirus outbreak may arrive around the end of February or early March, according to a projection by Liang Hong and Eva Yi of CICC Research, based on their analysis of the timeline of China's 2003 Sars outbreak."Last weekend was the first major turning point in the deceleration of the growing number of newly confirmed cases," CICC's chief economist and research head Liang said in an interview in Hong Kong with South China Morning Post. "We should see a deceleration in this rate of growth towards zero next week If this is the case, that confirms that the [government's containment] measures work, and the medical achievements are working."That may be good news for global manufacturers that are awaiting the light at the end of the tunnel. Not many international companies would move outside China, despite the cacophony of suggestions to do so amid the outbreak and the supply disruptions, because of the size of China's domestic consumer market, and the extensive network of suppliers that have already taken root, she said."SMEs without open credit lines may be the most vulnerable to the shock," Liang said. "Some mom-and-pop shops will face the risks of closures."This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.