SEOUL (Reuters) – Hyundai Motor Co (005380.KS) stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker... More »
(Reuters) – Korean automaker Hyundai Motor Co (005380.KS) is creating a family of electric vehicles it will sell under the Ioniq brand as part of its drive to become the world’s third-largest seller of EVs by 2025, the company said on Sunday. Hyundai said the ... More »
SEOUL (Reuters) – Hyundai Motor (005380.KS) reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the broader auto sector from the epidemic. It turned in a pr... More »
SEOUL (Reuters) – Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car... More »
(Reuters) – A group of U.S. states is investigating Hyundai Motor Co and Kia Motors Corp for potential unfair and deceptive acts related to reports of hundreds of vehicle fires, Connecticut Attorney General William Tong said on Monday. The South Korean automak... More »
SEOUL (Reuters) – Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday announced a plan to offer shareholder returns worth 2.6 trillion won ($2.32 billion) over the next three years and to appoint group heir apparent Euisun Chung as ch... More »
SEOUL (Reuters) – Hyundai Mobis, an affiliate of Hyundai Motor, said on Tuesday its board rejected a shareholder proposal for dividends worth 2.5 trillion won ($2.24 billion) on concerns the spending would undermine future competitiveness. Hyundai Mobis did no... More »
SEOUL (Reuters) – Hyundai Motor (005380.KS) said it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years – a plan that comes amid heavy shareholder pressure to improve returns, restructure and bounce back from dismal earn... More »
SEOUL (Reuters) – Worries that Hyundai Motor Group’s planned restructuring will benefit the controlling family ahead of some shareholders have hit Hyundai Mobis Co Ltd (012330.KS), which is set to be the group’s de facto holding firm, sending its shares sharpl... More »
FILE PHOTO: Hyundai Motor’s new fuel cell SUV is seen during a media event in Seoul, South Korea August 17, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – South Korea’s Hyundai Motor (005380.KS) said it is considering building a car plant in Southeast ... More »
Hyundai Motor Co (005380.KS) is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with the dispute said. More »
Hyundai Motor (005380.KS) said on Wednesday it had resumed production in China after a supply disruption forced the suspension of operations last week, complicating its efforts to lift sagging sales in the world's biggest auto market. More »
South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) (011200.KS) is in talks with BlackRock Inc (BLK.N) about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday. More »
FILE PHOTO: The Hyundai logo is seen at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Brendan Mcdermid/File Photo Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai M... More »
The 2018 Hyundai Sonata is unveiled at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Brendan Mcdermid Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) expect it will be difficult to sell 1 million vehicles... More »
FILE PHOTO: A Hyundai electric car is seen during the 15th Shanghai International Automobile Industry Exhibition in Shanghai April 21, 2013. REUTERS/Carlos Barria South Korea’s Hyundai Motor Co (005380.KS) is developing its first dedicated architecture for ele... More »
FILE PHOTO – The logo of Hyundai Motor is seen on a wheel of a car at a Hyundai dealership in Seoul February 1, 2012. REUTERS/Kim Hong-Ji/File Photo Hyundai Motor Group (005380.KS) has hired a former General Motors (GM.N) researcher to oversee its center to de... More »
The logo of Hyundai Motor is seen on a steering wheel at its dealership in Seoul, South Korea, December 15, 2016. REUTERS/Kim Hong-Ji Hyundai Motor (005380.KS) said on Wednesday it may procure electric vehicle batteries from Chinese companies for a planned Chi... More »
BEIJING After poaching Bentley’s design chief last year, Hyundai Motor Co (005380.KS) said on Monday that it has also secured the services of the luxury marquee’s exterior designer. Hyundai issued a statement saying Sangyup Lee will start work next month as it... More »
