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  • Hyundai Motor, Kia Motors flag $2.9 billion earnings hit from quality costs Oct 19, 2020 02:55 PM IST

    Hyundai Motor, Kia Motors flag $2.9 billion earnings hit from quality costs

    The costs would include additional provision expenses related to the South Korean car makers' "Theta" engines, the companies said in separate regulatory filings.

  • Hyundai Motor's May sales fall sharply year on year due to COVID-19 impact Jun 01, 2020 01:37 PM IST

    Hyundai Motor's May sales fall sharply year on year due to COVID-19 impact

    South Korea's Hyundai Motor Co said on Monday its provisional May sales fell 39% year-on-year to 217,510 vehicles globally, as the coronavirus outbreak continued to hit demand in key markets.

  • Hyundai Motor chairman to give up board seat as succession looms Feb 19, 2020 02:35 PM IST

    Hyundai Motor chairman to give up board seat as succession looms

    The company said on Wednesday it would propose Chief Financial Officer Kim Sang Hyun as a replacement for Chung on the board. Shareholders will vote on the proposal during a meeting on March 19.

  • Hyundai suspends production line over China outbreak Feb 04, 2020 10:02 AM IST

    Hyundai suspends production line over China outbreak

    The global car industry operates on tight supply lines and was thrown into turmoil when Japan's Fukushima earthquake and tsunami in 2011 knocked out a Renesas Electronics factory producing a vital and widely used computer chip.

  • Hyundai Motor to suspend some SUV output in South Korea as virus disrupts supplies Jan 31, 2020 03:02 PM IST

    Hyundai Motor to suspend some SUV output in South Korea as virus disrupts supplies

    Its crosstown rival Ssangyong Motor also said it will idle its plant in the South Korean city of Pyeongtaek from Feb. 4 to Feb. 12, as China's factory suspension had disrupted parts supplies.

  • Hyundai Motor rolls out three millionth car from Tamil Nadu plant Jan 30, 2020 12:57 PM IST

    Hyundai Motor rolls out three millionth car from Tamil Nadu plant

    The three millionth car was the company's latest sedan Hyundai Aura which has been rechristened 'Grand i10' for the Colombian market, rolled out from the assembly line at the state-of-the-art manufacturing facility in nearby Sriperumbudur.

  • Hyundai Motor sales down nearly 10% to 50,135 units in December Jan 01, 2020 02:48 PM IST

    Hyundai Motor sales down nearly 10% to 50,135 units in December

    The company said its domestic sales were at 37,953 units in December 2019 as compared to 42,093 units in the same month previous year, down 9.8 percent.

  • Hyundai Motor looks to utilise current India facility to cater both domestic, export markets Dec 22, 2019 05:35 PM IST

    Hyundai Motor looks to utilise current India facility to cater both domestic, export markets

    The automaker, which is running its Chennai plant at close to 98 percent capacity utilisation, plans to enhance whatsoever additional capacity it can muster from its Chennai plant.

  • Hyundai Motor unveils plan to invest $52 billion over six years Dec 04, 2019 07:57 AM IST

    Hyundai Motor unveils plan to invest $52 billion over six years

    The South Korean carmaker unveiled a "Strategy 2025" roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won.

  • Hyundai Motor to invest $1.5 bn in Indonesia factory Nov 27, 2019 01:20 PM IST

    Hyundai Motor to invest $1.5 bn in Indonesia factory

    The deal comes as Seoul looks to diversify its trade-dependent economy, the world's 11th largest, away from reliance on traditional partners China and the US.

  • CCI okays Hyundai, Kia's stake buy in ANI Technologies, Ola Electric Oct 30, 2019 08:23 PM IST

    CCI okays Hyundai, Kia's stake buy in ANI Technologies, Ola Electric

    As per a notice, the transaction pertains to the acquisition of minority equity stake in ANI Technologies and Ola Electric by Hyundai Motor and Kia Motors.

  • South Korea's Hyundai Motor considers raising stake in China joint venture Oct 22, 2019 08:45 AM IST

    South Korea's Hyundai Motor considers raising stake in China joint venture

    Hyundai's move would follow a trend of foreign automakers boosting ownership in the world's biggest car market since Beijing relaxed rules last year.

  • Hyundai Motor denies tie-up with Tencent on driverless car software Apr 07, 2019 05:55 PM IST

    Hyundai Motor denies tie-up with Tencent on driverless car software

    Hyundai said in a statement on April 6 that its cooperation with the Chinese tech giant was focused on infotainment.

  • Hyundai Motor shareholders vote against Elliott dividend proposal Mar 22, 2019 07:44 AM IST

    Hyundai Motor shareholders vote against Elliott dividend proposal

    Elliott Management had called for a hefty special dividend and a board shake-up at Hyundai Motor Group, South Korea's No.2 family-run conglomerate, to address its "poor governance" and "excess cash".

  • Hyundai Motor to cut China jobs, review optimization plans after sales slump Jan 25, 2019 02:55 PM IST

    Hyundai Motor to cut China jobs, review optimization plans after sales slump

    China, the world's biggest car market, suffered its first sales contraction in more than two decades last year due to pressure from a crippling Sino-U.S. trade war and the phasing out of tax cuts on smaller cars.

  • Hyundai scion emerges from father's shadow, says to complete ownership revamp Jan 02, 2019 09:53 AM IST

    Hyundai scion emerges from father's shadow, says to complete ownership revamp

    The transition comes at a difficult time for the group as Hyundai struggles with an extended sales slowdown in the United States and China, a US recall probe, sharp technological change and potential US tariffs.

  • Hyundai, South Korea eye deal on low-cost carmaking venture despite union dissent Dec 05, 2018 12:30 PM IST

    Hyundai, South Korea eye deal on low-cost carmaking venture despite union dissent

    In a first such move for Korea's biggest automaker, Hyundai and the southwestern city of Gwangju agreed on Tuesday on a preliminary deal to jointly build a new factory which will have an annual capacity of 100,000 mini-SUVs starting in 2021.

  • Hyundai Motor Q3 net profit dives 68% on US recall costs Oct 25, 2018 10:52 AM IST

    Hyundai Motor Q3 net profit dives 68% on US recall costs

    Third-quarter net profit came in at 269 billion won ($236.14 million), compared with 852 billion won booked in the same period a year earlier.

  • Hyundai to ship China made cars to Southeast Asia amid erratic sales recovery Aug 29, 2018 04:45 PM IST

    Hyundai to ship China made cars to Southeast Asia amid erratic sales recovery

    "A China recovery will take time. Hyundai needs a survival plan," said one of the people with direct knowledge of Hyundai's China operations, who were not authorised to speak to the media and so declined to be identified.

  • Revv raises Rs 100 crore in Series B funding led by Hyundai Motor Aug 23, 2018 01:54 PM IST

    Revv raises Rs 100 crore in Series B funding led by Hyundai Motor

    With its strategic investment in Revv, Hyundai Motor gains its first foothold in the Indian car-sharing market

  • Hyundai Motor's union votes to strike as United States tariffs loom Jul 03, 2018 11:50 AM IST

    Hyundai Motor's union votes to strike as United States tariffs loom

    Hyundai net profit halved to an almost six-year low in January-March, hit by bleak US and China sales.

  • Hyundai Motor renews contract with Chennai Port Trust for 10 years May 10, 2018 08:06 PM IST

    Hyundai Motor renews contract with Chennai Port Trust for 10 years

    Other terms of the agreement include 20 days of free storage of cars at the port, priority berthing of vessels and exemption from double berthing charges, it added.

  • Hyundai Motor cautious about self-driving cars after Uber accident Mar 20, 2018 04:08 PM IST

    Hyundai Motor cautious about self-driving cars after Uber accident

    The accident involving the U.S. technology firm's car in Arizona marked the first fatality linked to an autonomous vehicle and a potential blow to the technology expected to transform transportation.

  • Hyundai hopes bigger, revamped Santa Fe SUV will reverse US sales slump Jan 30, 2018 08:01 AM IST

    Hyundai hopes bigger, revamped Santa Fe SUV will reverse US sales slump

    The revamped version of its top-selling SUV in the United States and South Korea is larger and more fuel-efficient than its predecessor, and boasts advanced driver-assist features used in its Genesis premium sedans, a source familiar with the matter told Reuters.

  • Hyundai Motor Q4 net profit rises 3%, meets consensus Jan 25, 2018 11:26 AM IST

    Hyundai Motor Q4 net profit rises 3%, meets consensus

    Hyundai, the world's No.5 automaker along with affiliate Kia Motors Corp, reported a net profit of 1.03 trillion won ($971.61 million) for the fourth quarter ended December, in line with the 1.09 trillion won average estimate from 21 analysts polled by Thomson Reuters I/B/E/S.

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