Connect to share and comment

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 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.

CORRECTED: EU car sales fall by 10.2% in March on year

April 17, 2013 04:15
European new car registrations fell by another 10.2 percent in March from the same month a year earlier, marking the 18th consecutive monthly decline, to 1.307 million vehicles, data released on Wednesday by the European Automobile Manufacturer's Association (ACEA) showed. Almost all main automakers suffered declines, with the exception of two high-end brands, Jaguar with a leap of 21.2 percent and Mercedes with a much more modest gain of 0.6 percent, the association said in a statement.

EU car sales fall by 10.2% in March

April 17, 2013 03:31
European new car registrations fell by another 10.2 percent in March from February, marking the 18th consecutive monthly decline, to 1.307 million vehicles, data released on Wednesday by the European Automobile Manufacturer's Association (ACEA) showed. Almost all main automakers suffered declines, with the exception of two high-end brands, Jaguar with a leap of 21.2 percent and Mercedes with a much more modest gain of 0.6 percent, the association said in a statement.

Hyundai's Accent becomes No. 2 best-selling car in Russia

April 10, 2013 15:17
South Korea's largest automaker Hyundai Motor Co.'s subcompact Accent became the second best-selling car in Russia in the first three months of this year, data showed Wednesday. Hyundai sold 25,388 units of the Accent, called the Solaris in the Russian market, between January and March, according to data posted on the Web site of the Association of European Businesses based in Moscow.

GM Korea's contingency plan provokes union ahead of talks

April 9, 2013 01:15
By Hyunjoo Jin SEOUL (Reuters) - General Motors Co <GM.N> has warned it could shift operations from South Korea in the longer term due to rising tension with the North, angering its Korean union which accuses the firm of using the instability as leverage ahead of tough annual labour talks. North Korea has issued a stream of threats of war with South Korea and the United States in recent weeks, and on Tuesday it effectively shut down an industrial park operated with South Korea a few kilometres inside its border.

Samsung-Hyundai-ship orders

April 4, 2013 04:31
SEOUL, April 4 (Yonhap) -- Two major South Korean shipbuilders said Thursday that they clinched combined US$1.35 billion deals to build six LNG ships. Under the deal with Bonny Gas Transport of Nigeria, Samsung Heavy Industries Co. will deliver four LNG vessels by June 2016, the company said in a regulatory filing. The value of the contract is estimated at around $900 million, the shipbuilder said. Bonny Gas is a subsidiary of a joint-venture of Nigerian National Petroleum Corporation (NNPC), Royal Dutch Shell, Total S.A. and Eni.
Syndicate content