Hyundai Kia Automotive Group http://www.globalpost.com/taxonomy/term/24628/all en VW, BMW favorites to gain market share in auto sector -survey http://www.globalpost.com/dispatch/news/thomson-reuters/130109/vw-bmw-favorites-gain-market-share-auto-sector-survey <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DETROIT, Jan 9 (Reuters) - Volkswagen AG and BMW are the favorites to add market share in the global auto industry over the next five years, according to a survey of top automotive executives released on Wednesday.</p> <p>Toyota Motor Corp saw a big rebound in its standing, and while the combination of Hyundai Motor Co and its Kia Motors Corp affiliate still ranked fourth, the number of executives who felt they will gain market share declined, according to the survey conducted by advisory firm KPMG.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/vw-bmw-favorites-gain-market-share-auto-sector-survey" target="_blank">read more</a></p> Business Human Interest Hyundai Kia Automotive Group Publicly traded companies Transport Thomson Reuters Wed, 09 Jan 2013 05:30:03 +0000 5731971 at http://www.globalpost.com Record Q4 car sales, but Hyundai Motor bumped from fast lane http://www.globalpost.com/dispatch/news/thomson-reuters/130123/record-q4-car-sales-hyundai-motor-bumped-fast-lane <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Q4 net profit seen up 7.5 pct to $2 bln</p> <p>* Outlook dampened by currency moves, competition, home market</p> <p>* Hyundai gains in China as Japanese rivals struggle</p> <p>By Hyunjoo Jin</p> <p>SEOUL, Jan 24 (Reuters) - Hyundai Motor will report its lowest profit growth since it switched accounting rules in 2011, as record car sales are dented by the impact of a stronger local currency and the cost of compensating drivers in North America for overstated fuel-economy claims.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/record-q4-car-sales-hyundai-motor-bumped-fast-lane" target="_blank">read more</a></p> Business Hyundai Kia Automotive Group Hyundai Motor Private transport Transport Thomson Reuters Wed, 23 Jan 2013 21:15:50 +0000 5738527 at http://www.globalpost.com UPDATE 1-Hyundai posts surprise Q4 profit fall on currency, mileage fiasco http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-1-hyundai-posts-surprise-q4-profit-fall-currency-mileage <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Q4 net profit down 6 pct to 1.89 trln won vs. consensus of 2.15 trln</p> <p>* Outlook dampened by currency shifts, competition</p> <p>* Hyundai gains in China as Japanese rivals struggle</p> <p>SEOUL, Jan 24 (Reuters) - Hyundai Motor Co posted a surprise quarterly profit decline after a stronger local currency and the cost of compensating drivers in North America for overstated fuel-economy claims dented car sales.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-1-hyundai-posts-surprise-q4-profit-fall-currency-mileage" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Co Private transport Transport Thomson Reuters Thu, 24 Jan 2013 06:00:29 +0000 5738680 at http://www.globalpost.com UPDATE 2-Hyundai posts surprise profit drop as won dulls winning edge http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-2-hyundai-posts-surprise-profit-drop-won-dulls-winning-e <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Q4 net profit down 6 pct to 1.89 trln won vs. consensus of 2.15 trln</p> <p>* Outlook dampened by currency shifts, competition</p> <p>* Hyundai gains in China as Japanese rivals struggle</p> <p>By Hyunjoo Jin</p> <p>SEOUL, Jan 24 (Reuters) - Hyundai Motor Co, ranked fifth in global sales with affiliate Kia Motors , posted a surprise quarterly profit drop as a stronger Korean won dented its overseas earnings, sending its shares falling the most in three weeks.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-2-hyundai-posts-surprise-profit-drop-won-dulls-winning-e" target="_blank">read more</a></p> Business Hyundai Kia Automotive Group Hyundai Motor Co Private transport Transport Thomson Reuters Thu, 24 Jan 2013 07:30:33 +0000 5738691 at http://www.globalpost.com High anxiety in S. Korea over surging won http://www.globalpost.com/dispatch/news/afp/130203/high-anxiety-s-korea-over-surging-won <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A surging won and waning yen are eroding the bottom lines of South Korea's export powerhouses who are feeling the pinch after years of gobbling up global market share from their Japanese rivals.</p> <p>The South Korean currency has soared 27 percent against the yen since the beginning of 2012, as anticipation of monetary easing promised by Japan's new leader Shinzo Abe weakened the yen across the board.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130203/high-anxiety-s-korea-over-surging-won" target="_blank">read more</a></p> Asia Human Interest Hyundai Kia Automotive Group Publicly traded companies Technology AFP Sun, 03 Feb 2013 07:15:33 +0000 5744300 at http://www.globalpost.com Hyundai Motor-Brazil market http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-motor-brazil-market <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 10 (Yonhap) -- Hyundai Motor Co., South Korea's leading automaker, posted a record-high market share in Brazil in February thanks to strong sales of its subcompact passenger car that hit showrooms last year, industry data showed Sunday.</p> <p>Hyundai Motor sold a total of 14,617 vehicles in the Brazilian market last month for a market share of 6.6 percent, up one notch from the previous month, according to the data by the Brazilian Automotive Industry Association.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-motor-brazil-market" target="_blank">read more</a></p> Brazil Hyundai Kia Automotive Group Hyundai Motor Co Hyundai Motor Company Transport Yonhap News Agency Tue, 12 Mar 2013 20:17:59 +0000 5781495 at http://www.globalpost.com GM Korea-anniversary http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/gm-korea-anniversary <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 7 (Yonhap) -- GM Korea Co., the local unit of U.S. General Motors Co., vowed Thursday to strengthen its competitiveness and enhance customer service as part of its efforts to raise its market share in South Korea.</p> <p>GM Korea's sales grew 12 percent in the first year that the Chevrolet brand was available here, and 4 percent in 2012 compared with the previous year, said GM Korea President and CEO Sergio Rocha.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/gm-korea-anniversary" target="_blank">read more</a></p> Business GM Korea Co. Hyundai Kia Automotive Group Labor Law Publicly traded companies Technology Transport Yonhap News Agency Tue, 12 Mar 2013 20:18:12 +0000 5781503 at http://www.globalpost.com Mando-car battery charger http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/mando-car-battery-charger <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 11 (Yonhap) -- Mando Corp., South Korea's No. 2 auto parts maker, said Monday that it has signed a deal with Japan's Diamond Electric Co. to develop a battery charger for eco-friendly vehicles.</p> <p>Mando said the technology transfer deal could allow it to develop the charger for plug-in hybrid cars and obtain the technology to design and make electronic control units.</p> <p>Mando declined to disclose the financial terms of the deal.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/mando-car-battery-charger" target="_blank">read more</a></p> Electric vehicle conversion Hyundai Kia Automotive Group Mando Corp. Transport Yonhap News Agency Tue, 12 Mar 2013 20:19:23 +0000 5781535 at http://www.globalpost.com baseball players association-chief http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/baseball-players-association-chief <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 11 (Yonhap) -- Former Major League Baseball (MLB) pitcher Seo Jae-weong on Monday was named the new head of the South Korean baseball players' association.</p> <p>The Korea Professional Baseball Players Association (KPBPA), which represents the interests of players in the Korea Baseball Organization (KBO), said Seo beat out two other candidates for the body's top post.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/baseball-players-association-chief" target="_blank">read more</a></p> Baseball Hyundai Kia Automotive Group Kia Tigers Yonhap News Agency Tue, 12 Mar 2013 20:23:46 +0000 5781587 at http://www.globalpost.com Hyundai Merchant-preferred shares http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-merchant-preferred-shares <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 12 (Yonhap) -- Hyundai Merchant Marine Co., South Korea's No. 2 shipper, said Tuesday that it will seek to increase the limit of preferred shares it can sell, in a bid to secure liquidity amid an industrywide slump.</p> <p>The company said it plans to raise the limit of preferred shares that can be sold by the shipping line to 60 million from the current 20 million. The proposal will be submitted at a shareholders meeting slated for March 22, according to the company.</p> <p>"Increased losses and debts are forcing us to secure liquidity," said a company official.</p> <p><a href="http://www.globalpost.com/dispatch/taxonomy/term/39093/130312/hyundai-merchant-preferred-shares" target="_blank">read more</a></p> Business Chaebol Hyundai Hyundai Kia Automotive Group Hyundai Merchant Marine Co. Yonhap News Agency Tue, 12 Mar 2013 20:27:38 +0000 5781652 at http://www.globalpost.com Hyundai Motor-profitability http://www.globalpost.com/dispatch/news/yonhap-news-agency/130315/hyundai-motor-profitability <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 15 (Yonhap) -- Hyundai Motor Group Chairman Chung Mong-koo pledged Friday to ramp up efforts to boost its profitability and the brand value of vehicles as he laid out plans to make his companies leading global carmakers.</p> <p>Currently, Hyundai Motor Group is the world's fifth-largest carmaker as Hyundai Motor Co., South Korea's top automaker, and its sister company Kia Motors Corp. have boosted their market share around the world in recent years.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130315/hyundai-motor-profitability" target="_blank">read more</a></p> Business Human Interest Hyundai Kia Automotive Group Hyundai Motor Co Hyundai Motor Group Private transport Transport Yonhap News Agency Fri, 15 Mar 2013 06:17:11 +0000 5784187 at http://www.globalpost.com Hyundai Motor-Brazil Market http://www.globalpost.com/dispatch/news/yonhap-news-agency/130316/hyundai-motor-brazil-market <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SAO PAULO, March 17 (Yonhap) -- Hyundai Motor Co., South Korea's largest automaker, has maintained fourth place in subcompact passenger car sales in Brazil during the first two and half months of this year, the company said Sunday.</p> <p>Hyundai Motor, the world's fifth largest automaker, has sold 6,124 units of the HB20 in the first half of March, a Hyundai spokesman said.</p> <p>The South Korean carmaker sold 10,179 units of the HB20 in Brazil in February alone, emerging as the fourth biggest seller in the subcompact passenger car market.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130316/hyundai-motor-brazil-market" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Co Private transport Transport Yonhap News Agency Sun, 17 Mar 2013 02:33:03 +0000 5785731 at http://www.globalpost.com Hyundai-US sales http://www.globalpost.com/dispatch/news/yonhap-news-agency/130317/hyundai-us-sales <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 18 (Yonhap) -- South Korea's top automaker Hyundai Motor Co. sold 52,000 vehicles in the United States in February, up 2 percent from a year ago, industry data showed Monday.</p> <p>The data showed that Hyundai's market share in the U.S. remained unchanged at 4.4 percent.</p> <p>Hyundai's smaller sister company, Kia Motors Corp., sold 41,500 units in the U.S., down 8 percent from a year ago. Its market share stood at 3.5 percent last month, down 0.44 percentage points from a year earlier.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130317/hyundai-us-sales" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Co Hyundai Motor Group Private transport Transport Yonhap News Agency Mon, 18 Mar 2013 01:00:51 +0000 5786352 at http://www.globalpost.com Hyundai Motor-profit growth http://www.globalpost.com/dispatch/news/yonhap-news-agency/130318/hyundai-motor-profit-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 19 (Yonhap) -- South Korea's top automaker Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to post the weakest growth in operating profits among global carmakers this year due to escalating competition from Japanese rivals, a report showed Tuesday.</p> <p>According to the report from local analysts, the operating profit of Hyundai and Kia is expected to grow 7 percent and 5.7 percent on average, respectively, during the 2012-2014 period.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130318/hyundai-motor-profit-growth" target="_blank">read more</a></p> Hyundai Kia Automotive Group Publicly traded companies Transport Yonhap News Agency Tue, 19 Mar 2013 00:45:46 +0000 5787272 at http://www.globalpost.com Hyundai Mobis-new plant http://www.globalpost.com/dispatch/news/yonhap-news-agency/130319/hyundai-mobis-new-plant <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, March 19 (Yonhap) -- Hyundai Mobis Co., South Korea's top auto parts maker, said Tuesday that it has begun to roll out key parts for hybrid, electric vehicles and hydrogen fuel cell vehicles, a move that it says could give it an advantage in the race to become the top global eco-friendly vehicle parts maker.</p> <p>The 26,000 square-meter plant in Chungju, about 150 kilometers south of Seoul, is capable of producing 160,000 core parts per year, according to Hyundai Mobis, an affiliate of auto giant Hyundai Motor Group.</p> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130319/hyundai-mobis-new-plant" target="_blank">read more</a></p> Hydrogen economy Hyundai Kia Automotive Group Technology Transport Yonhap News Agency Tue, 19 Mar 2013 05:46:42 +0000 5787394 at http://www.globalpost.com