HYMTF - Hyundai Motor Company

Other OTC - Other OTC Delayed Price. Currency in USD
33.30
0.00 (0.00%)
At close: 2:25PM EST
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Previous Close33.30
Open33.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range33.30 - 33.30
52 Week Range25.50 - 44.00
Volume11
Avg. Volume395
Market Cap27.03B
Beta (5Y Monthly)0.34
PE Ratio (TTM)8.74
EPS (TTM)3.81
Earnings DateN/A
Forward Dividend & Yield1.75 (5.26%)
Ex-Dividend DateJun 26, 2019
1y Target EstN/A
  • Hyundai to suspend production in South Korea
    Reuters Videos

    Hyundai to suspend production in South Korea

    Hyundai Motor became the first major global automaker to suspend production outside China, due to disruptions in supply chain caused by the Coronavirus outbreak. Several car giants including Ford, Nissan and Honda Motor have already suspended some plants within China this week in line with Beijing's guidelines. But now Hyundai has announced plans to gradually suspend its South Korean factories too starting on Tuesday. The virus outbreak in China has disrupted supplies of a vehicle component, and factories will be fully idled from February 7 to around February 10, a union official said. The factory suspension has been discussed since Monday due to a shortage of auto parts called wiring harnesses, auto industry officials told Reuters. One analyst said quote "Hyundai and Kia may be more affected" (than their rivals) as they tend to import more parts from China. South Korea imported over one and a half billion dollars worth of auto parts from China in 2019. The virus is having a major impact on other sectors too: Apple delayed reopening some suppliers' factories outside Wuhan to mid February. And clothing brands H&M and Levi said they have already shut stores which has hurt sales. This adds to the fallout that China the world's second largest economy has faced from the virus outbreak.

  • 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 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.

  • Bloomberg

    Hyundai Bets on Canoo to Supercharge Its Electric Vehicle Plans

    (Bloomberg) -- Hyundai Motor Group has struck a deal to develop electric vehicles with Los Angeles-based startup Canoo. Under the terms of the agreement, announced on Tuesday, Hyundai and its Kia affiliate will gain access to Canoo’s engineers and technology as the two South Korean automakers look to expand their production of EVs. Hyundai and Kia both recently announced plans to invest heavily in electric technology over the next six years, including a $110 million joint investment in U.K. startup Arrival, which also counts United Parcel Service Inc. as an investor, to build electric commercial fleets.Canoo, founded in 2017 by a pair of former BMW executives, plans to sell electric vehicles  by subscription starting in 2021 in Los Angeles and San Francisco. In September it unveiled its first model, a seven-seat van that co-founder Ulrich Kranz calls “a loft on wheels.” Canoo uses a modular “skateboard” architecture: The powertrain, batteries and suspension are contained within a slim platform that can support different cabins and exteriors, or “top hats” in the industry parlance. Hyundai and Kia plan to use the Canoo platform for both private cars and commercial fleets. In a statement announcing the deal, Hyundai said it expects Canoo’s skateboards will allow for the standardized development and assembly of a range of vehicles and for a flexible design that can respond quickly to customer preferences.“We were highly impressed by the speed and efficiency in which Canoo developed their innovative EV architecture, making them the perfect engineering partner for us,” Albert Biermann, Hyundai’s head of research and development, said in the statement.Both Canoo and Hyundai declined to disclose financial terms. The agreement expires later this year but can be extended if Canoo meets set milestones. Kranz said Canoo remains open to working with other automakers. The company is using an undisclosed contract manufacturer to build its own vehicles. While both Hyundai and Kia have introduced all-electric offerings in the past few years—the Kona and Ioniq from Hyundai, the Niro and Soul from Kia—they remain small players, especially in the U.S. market. Kia said it plans to offer 11 electric vehicles by 2025, with 25% of sales coming from “eco-friendly” vehicles. Combustion-engine SUVs, including the new three-row Hyundai Palisade, are the main source of profits for the company.To contact the author of this story: Ira Boudway in New York at iboudway@bloomberg.netTo contact the editor responsible for this story: Dimitra Kessenides at dkessenides1@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 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.

  • Coronavirus cases worldwide are ‘going up very steeply,’ says NIH Director Francis Collins
    Yahoo Finance

    Coronavirus cases worldwide are ‘going up very steeply,’ says NIH Director Francis Collins

    In a newly released interview, National Institutes of Health Director Francis Collins warned that cases of coronavirus are rising quickly, especially in China.

  • South Korea asks China for help in resuming production at auto parts plants
    Reuters

    South Korea asks China for help in resuming production at auto parts plants

    The South Korean government said on Friday it has asked Chinese regional governments for help in resuming production at South Korean auto parts suppliers' factories in China. Hyundai Motor has suspended most production in South Korea as of Friday because the coronavirus outbreak in China has disrupted the supply of parts, becoming the first major car maker outside of China to do so. Due to the production disruption, lines at parts suppliers in South Korea including Hyundai Mobis and Kumho Tire have also stopped, with concerns that the disruption will adversely affect smaller second- and third-tier subcontractors if the disruption is prolonged, the government said.

  • Exclusive: Kia in talks over moving $1.1 billion plant to another Indian state - sources
    Reuters

    Exclusive: Kia in talks over moving $1.1 billion plant to another Indian state - sources

    South Korea's Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighboring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction. Kia said in a statement it has a long-term commitment to the Indian market and it aims to utilize the full capacity of its Andhra plant "before considering further expansion".

  • Exclusive: Kia in talks over moving $1.1 billion plant out of Andhra Pradesh - sources
    Reuters

    Exclusive: Kia in talks over moving $1.1 billion plant out of Andhra Pradesh - sources

    South Korea's Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction.

  • Moody's

    Hyundai Mobis Co., Ltd. -- Moody's announces completion of a periodic review of ratings of Hyundai Mobis Co., Ltd.

    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.

  • Hyundai to halt South Korea factories as coronavirus disrupts China parts supply
    Autoblog

    Hyundai to halt South Korea factories as coronavirus disrupts China parts supply

    Hyundai Motor said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to halt its assembly lines outside of China. The flu-like virus has killed more than 400 people, and its economic impact has spread beyond mainland China. In China, global automakers have already extended factory closures in line with government guidelines including Hyundai, Tesla, Ford, PSA Peugeot Citroen, Nissan and Honda Motor.

  • Hyundai Halts Korea Output as Virus Causes Parts Shortage
    Bloomberg

    Hyundai Halts Korea Output as Virus Causes Parts Shortage

    (Bloomberg) -- Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.The carmaker has been hit by a shortage of a wiring component made at a South Korean supplier’s plant in China, which has been halted after a worker was infected by the virus, Hyundai Motor’s labor union said. Production may resume from Feb. 11 or 12, a union spokesman said by phone Tuesday. A company spokesman confirmed the suspension without giving details.The stoppage comes as Hyundai Motor is trying to ramp up production of new sport utility vehicles and a revamped version of its most popular Sonata sedan. The coronavirus has killed more than 400 people in China and the outbreak has led to the shutdowns of several plants in the world’s biggest car market.“The company is reviewing various measures to minimize the disruption of its operations, including seeking alternative suppliers in other regions,” Hyundai Motor said in an emailed statement. “Hyundai Motor will closely monitor developments in China and take all necessary measures to ensure the prompt normalization of its operations.”The production halt could also undermine output of Hyundai Motor’s first SUV under its luxury brand Genesis, which went on sale last month.Hyundai Motor shares gained 0.4% to close at 124,000 won in Seoul. That compares with a 1.8% gain for the benchmark Kospi index.The outbreak is expected to undermine a recovery in China’s car market this year. IHS Markit, which earlier predicted a 10% drop in first quarter production, now sees a scenario in which the coronavirus spreading rapidly across the country triggers a cascade of plant closings that lasts into mid March and reduces output by more than 1.7 million cars -- a decline of a furhter 32%.Though concrete estimates on the financial toll of the coronavirus outbreak are still scarce, it’s clear the final cost will far outweigh that of the 2003 SARS epidemic, when China’s auto market was one-sixth the size it is today and smaller than that of Japan. Companies from Tesla Inc. to Volkswagen AG and Toyota Motor Corp. have warned they anticipate disruptions.General Motors Co. and Honda Motor Co. are among the manufacturers with factories in the Wuhan region, where the outbreak started, while state-owned Dongfeng Motor Corp. is headquartered in the city of about 11 million people.The government extended the annual Lunar New Year holiday break -- with its workplace closures -- by several days to curb potential exposure. Tesla was among the companies saying they’re monitoring potential supply-chain interruptions for cars built outside China, as well.GM, Toyota and Volkswagen also closed their plants at least through Feb. 9, taking heed from several provinces that advised companies not to resume operations any sooner than the extended holiday break.(Uppdates with comment from Hyundai in fourth paragraph)To contact the reporter on this story: Kyunghee Park in Singapore at kpark3@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville Heiskanen, Will DaviesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    EU and US carmakers warn ‘weeks away’ from China parts shortage

    Executives at several carmakers and motor parts suppliers warned that plants in Europe and the US were only weeks away from being forced to close as disruptions caused by the coronavirus outbreak in China rippled through the global manufacturing supply chains. The warning came as Hyundai said on Tuesday that it had to shut down all its car factories in South Korea after running out of components from China. The world’s fifth-biggest carmaker by sales said it was searching for new sources of engine wire-harness after problems in the supplies of the core electric componentry from China.

  • Hyundai to halt South Korea output as China virus disrupts parts supply
    Reuters

    Hyundai to halt South Korea output as China virus disrupts parts supply

    Hyundai Motor will suspend production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said, becoming the first major carmaker to do so outside of China. The flu-like virus has killed more than 400 people and its economic impact has spread beyond mainland China. In China, global automakers have already extended factory closures in line with government guidelines.

  • Hyundai Motor to suspend some SUV output in South Korea as virus disrupts supplies
    Reuters

    Hyundai Motor to suspend some SUV output in South Korea as virus disrupts supplies

    Hyundai Motor said on Friday it planned to skip South Korean production of its Palisade sport utility vehicle this weekend to cope with a supply disruption caused by a virus outbreak, its spokesperson said on Friday. Its crosstown rival Ssangyong Motor also said it will idle its plant in the South Korean city of Pyeongtaek from Feb. 4 to Feb. 12, as China's factory suspension had disrupted parts supplies. The suspension illustrates that China's extended factory closures ripple through supply chains across China and beyond.

  • Benzinga

    Elliott Management Disposes Entire Stake In Hyundai Motor

    Elliott Management Corporation sold all its shares in Hyundai Motor Group (OTC: HYMTF) companies last year, following its failed attempts to boost dividends and gain board seats at the South Korean family-run conglomerate. The U.S. hedge fund’s name was not found in any of Hyundai Motor companies’ shareholder lists released at the end of 2019, Reuters reported, citing the Korea Economic Daily. At the time, Elliott and other shareholders opposed Hyundai’s proposal, saying that the family-run conglomerate’s ownership restructuring plan could favor its family members rather than minority shareholders.