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Hyundai-Kia-Europe

Yonhap News AgencyMay 21, 2013 22:00
SEOUL, May 22 (Yonhap) -- South Korea's largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. fared well in Europe in the first four months of this year, industry data showed Wednesday, despite a weak Japanese yen giving an advantage to Toyota Motor Corp. and other Japanese rivals. Hyundai and Kia sold 258,950 vehicles in Europe between January and April, down 0.1 percent from a year earlier, according to the data Still, their combined market share in Europe edged up to 6.2 percent from 5.8 percent a year ago, according to the data.

opinion poll-chaebol heads

Yonhap News AgencyMay 20, 2013 21:30
SEOUL, May 21 (Yonhap) -- Lee Kun-hee, the chairman of Samsung Electronics Co., the world's top supplier of smartphones and memory chips, was selected as the most "preferred" business tycoon by South Koreans, a poll showed Tuesday. The telephone survey of 4,400 people released by Realmeter, a Seoul-based poll agency, found that 34.2 percent of respondents said Lee is the most favored head of local family-controlled conglomerates, known as chaebol.

AFC Champions League-S Korea

Yonhap News AgencyMay 20, 2013 03:32
SEOUL, May 20 (Yonhap) -- Following their subpar performances last week, two South Korean first-division football teams now face must-win situations in AFC Champions League action. FC Seoul and Jeonbuk Hyundai Motors, representing the K League Classic, have to win the second legs in their round of 16 series this week to advance at the continent's premier club tournament. The K League Classic has produced three of the past four AFC champions.

Hyundai Motor shares fall more than 3 percent, lowest in more than a week

May 7, 2013 13:57
SEOUL (Reuters) - Shares in Hyundai Motor <005380.KS> extended falls to more than 3 percent in early trade on Tuesday, weighed down by the latest strength in the won currency and mounting concerns about labor relations, analysts said. "There are talks weekend shifts are not being enforced," said Ryu Yeon-hwa, an analyst at IM Investment & Securities, adding that would negatively affect manufacturing efficiency.

Hyundai Motor says China sales up 26 percent in April

May 7, 2013 13:24
SEOUL (Reuters) - South Korea's Hyundai Motor Co <005380.KS> said on Tuesday its China sales jumped 26 percent to 86,729 vehicles in April from a year earlier, maintaining its momentum in the world's biggest car market. The results come as Japanese rivals such as Toyota Motor <7203.T> attempt to recover from sluggish sales in China last month. (Reporting by Hyunjoo Jin; Editing by Daniel Magnowski)

Hyundai Motor chief says no plan to build U.S. plant for now

May 7, 2013 13:09
SEOUL (Reuters) - Hyundai Motor Group does not immediately plan to build a new car factory in the United States, Chairman Chung Mong-koo said on Monday, downplaying speculation that the South Korean automaker would soon announce production facilities in the key market. "We have no plan (for a new U.S. factory) for now," the 75-year-old told reporters at Seoul's Gimpo airport before leaving for the United States.

Kia Motors reports 35 per cent slump in 1Q profit on lower domestic output

The Canadian PressApril 29, 2013 08:44
SEOUL, South Korea - Kia Motors Corp. says first quarter net profit tumbled 35 per cent from a year earlier due to a fall in vehicle production at domestic plants and lower exports. South Korea's second-largest automaker said Friday that profit fell to 783.9 billion won ($706 million) for the January-March period from 1.2 billion won a year earlier. Sales fell 6 per cent to 11.1 trillion won and operating profit dropped 35 per cent to 704.2 billion won.

Kia Motors sees 35% drop in Q1 profit

Agence France-PresseApril 26, 2013 03:15
South Korea's Kia Motors said Friday that its first quarter net profit plunged 35 percent from a year earlier due to a strong won and work stoppages. Consolidated net profit fell to 784 billion won ($706 million) in the January-March period, from 1.2 trillion won a year earlier, the country's second largest car maker said. Operating profit fell 35 percent from a year earlier to 704.2 billion won, and sales were down six percent at 11.08 trillion won.

Hyundai Motor Q1 net profit down 15%

Agence France-PresseApril 25, 2013 02:15
South Korea's top automaker Hyundai Motor said Thursday net profit in the January-March quarter fell 15 percent from a year earlier, mainly due to work stoppages and a strong won. The company's consolidated net profit for the first quarter fell to 2.088 trillion won ($1.87 billion) from 2.453 trillion won a year earlier, it said in a statement. Operating profit was down 11 percent year-on-year at 1.869 trillion won as sales rose 6.0 percent at 21.367 trillion won.

Hyundai Motor Q1 net profit falls on home output drop, currencies

April 25, 2013 02:00
By Hyunjoo Jin SEOUL (Reuters) - South Korea's Hyundai Motor Co <005380.KS> posted a 15 percent year-on-year fall in quarterly net profit, broadly in line with market forecasts, as it was hamstrung by weekend production stoppages and unfavourable currency moves.
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