Hyundai Motor http://www.globalpost.com/taxonomy/term/27569/all en 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 Hyundai, Kia workers vote to strike http://www.globalpost.com/dispatch/news/afp/130814/hyundai-kia-workers-vote-strike <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>Workers at top South Korean carmaker Hyundai Motor voted Wednesday to strike for better pay and working conditions -- a year after ending the costliest dispute in the company's history.</p> <p>Ignoring an appeal from management, labour unions at Hyundai and its affiliate Kia Motors opted for industrial action, which will begin after a legally-binding period of mediation which typically lasts around 10 days.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130814/hyundai-kia-workers-vote-strike" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Publicly traded companies Transport AFP Wed, 14 Aug 2013 06:48:26 +0000 5909544 at http://www.globalpost.com Hyundai union stages 5th partial strike http://www.globalpost.com/dispatch/news/yonhap-news-agency/130828/hyundai-union-stages-5th-partial-strike <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>By Kim Kwang-tae</p> <p>SEOUL, Aug. 28 (Yonhap) -- Tens of thousands of Hyundai Motor workers again downed tools for several hours on Monday amid possible signs of progress in ending disputes with the management over a wage hike and other fringe benefits, a company official said.</p> <p>The latest partial strike by 46,000 unionized workers, the fifth since last Tuesday, comes a day before their leaders reopen a fresh round of negotiations with the management.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130828/hyundai-union-stages-5th-partial-strike" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Hyundai Motor Company Transport Yonhap News Agency Wed, 28 Aug 2013 10:42:43 +0000 5919531 at http://www.globalpost.com Hyundai union stages 5th partial strike http://www.globalpost.com/dispatch/news/yonhap-news-agency/130828/hyundai-union-stages-5th-partial-strike-0 <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>By Kim Kwang-tae</p> <p>SEOUL, Aug. 28 (Yonhap) -- Tens of thousands of Hyundai Motor workers again downed tools for several hours on Monday amid possible signs of progress in ending disputes with the management over a wage hike and other fringe benefits, a company official said.</p> <p>The latest partial strike by 46,000 unionized workers, the fifth since last Tuesday, comes a day before their leaders reopen a fresh round of negotiations with the management.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130828/hyundai-union-stages-5th-partial-strike-0" target="_blank">read more</a></p> Hyundai Hyundai Kia Automotive Group Hyundai Motor Hyundai Motor Company Yonhap News Agency Wed, 28 Aug 2013 10:48:51 +0000 5919548 at http://www.globalpost.com Hyundai Motor workers agree wage deal http://www.globalpost.com/dispatch/news/afp/130909/hyundai-motor-workers-agree-wage-deal <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>Hyundai Motor workers have agreed a wage deal, ending a series of strikes that have cost South Korea's biggest automaker one trillion won ($910 million) in lost production.</p> <p>A majority of Hyundai Motor's 46,000 unionised workers opted to accept the deal in a vote late Monday.</p> <p>It includes a pay rise of roughly five percent, a one-off bonus of five million won plus three-and-a-half months of salary per worker, performance-based bonuses and medical and social benefits.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130909/hyundai-motor-workers-agree-wage-deal" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Private transport Transport AFP Tue, 10 Sep 2013 03:54:37 +0000 5929188 at http://www.globalpost.com Hyundai cars to ditch cigarette lighter socket http://www.globalpost.com/dispatch/news/afp/131003/hyundai-cars-ditch-cigarette-lighter-socket <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>Hyundai Motor said Thursday it would stop putting cigarette lighter sockets in cars made for the domestic market in favour of a USB power point.</p> <p>The South Korean auto giant said its decision would affect all passenger cars and SUVs sold at home from this month.</p> <p>A company spokesman said the automaker was "the first auto company in the world" to make the change.</p> <p>He said the company would survey consumers in other countries to see whether the change should be adopted elsewhere.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131003/hyundai-cars-ditch-cigarette-lighter-socket" target="_blank">read more</a></p> Business Cigarettes Hyundai Motor Private transport Transport AFP Thu, 03 Oct 2013 13:36:04 +0000 5950748 at http://www.globalpost.com Hyundai Motor unveils small SUV concept for China, to launch this year http://www.globalpost.com/dispatch/news/thomson-reuters/140420/hyundai-motor-unveils-small-suv-concept-china-launch-year <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>By Hyunjoo Jin</p> <p>SEOUL (Reuters) - South Korea's Hyundai Motor &lt;005380.KS&gt; on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world's biggest market.</p> <p>Hyundai said it had picked popular Korean actor Kim Soo-hyun to promote the subcompact SUV ix25, to capitalize on the Korean pop culture boom in wooing Chinese customers aged between 25 and 35.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140420/hyundai-motor-unveils-small-suv-concept-china-launch-year" target="_blank">read more</a></p> Hyundai Motor Land transport Private transport Transport Thomson Reuters Sun, 20 Apr 2014 08:24:39 +0000 6125830 at http://www.globalpost.com Hyundai Motor Q1 net profit hit by strong won http://www.globalpost.com/dispatch/news/afp/140424/hyundai-motor-q1-net-profit-hit-strong-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>South Korea's Hyundai Motor on Thursday said first-quarter profit fell 2.9 percent from a year ago, hit by a strong won, and warned of further tightness as the unit damages its overseas competitiveness </p> <p>Net profit came in at 2.02 trillion won ($1.9 billion) in January-March, the country's largest car maker said in a statement. Sales rose 1.3 percent to 21.6 trillion won and operating profit climbed 3.7 percent to 1.93 trillion won.</p> <p>The firm said it sold 1.22 million cars globally in the three months, up from 1.17 million from a year ago.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140424/hyundai-motor-q1-net-profit-hit-strong-won" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Hyundai Motor Company Publicly traded companies AFP Thu, 24 Apr 2014 12:49:02 +0000 6129595 at http://www.globalpost.com After second-quarter profit hit, Hyundai Motor warns of firmer won, slowing demand growth http://www.globalpost.com/dispatch/news/thomson-reuters/140724/after-second-quarter-profit-hit-hyundai-motor-warns-firmer-won- <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>By Hyunjoo Jin</p> <p>SEOUL (Reuters) - South Korea's Hyundai Motor said its net profit fell the most in five quarters, hit by the local currency's sharp gain versus the dollar, and warned it sees a tough second half as the won stays strong and global demand growth weakens.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140724/after-second-quarter-profit-hit-hyundai-motor-warns-firmer-won-" target="_blank">read more</a></p> Business Hyundai Kia Automotive Group Hyundai Motor Publicly traded companies Transport Thomson Reuters Thu, 24 Jul 2014 07:45:34 +0000 6213746 at http://www.globalpost.com Roundup: Hyundai Motor posts double-digit decline in Q2 earnings on strong currency http://www.globalpost.com/dispatch/news/xinhua-news-agency/140724/roundup-hyundai-motor-posts-double-digit-decline-q2-earnings <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Xinhua News Agency </div> </div> </div> <!--paging_filter--><p>Roundup: Hyundai Motor posts double-digit decline in Q2 earnings on strong currency</p> <p>SEOUL, July 24 (Xinhua) -- South Korea's top automaker Hyundai Motor said Thursday that it logged a double-digit decline in its second-quarter earnings due to the local currency's appreciation to the U.S. dollar.</p> <p>Operating profit was 2.09 trillion won (2.03 billion U.S. dollars) in the three months ending June 30, down 13.3 percent from the same period of last year, the company said in a statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Xinhua News Agency.</a></p> <p>Xinhua is China's state-run news agency.</p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/xinhua-news-agency/140724/roundup-hyundai-motor-posts-double-digit-decline-q2-earnings" target="_blank">read more</a></p> Hyundai Kia Automotive Group Hyundai Motor Hyundai Motor Company Transport Xinhua News Agency Thu, 24 Jul 2014 09:22:00 +0000 6213780 at http://www.globalpost.com