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Business - Hyundai Motor`s biggest-ever dividend greeted with outlook concern

By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor Co announced its biggest-ever dividend on Thursday to appease shareholders angered by a $10 billion property buy, but the payout failed to distract investors from growth prospects clouded by declines in the rouble and yen. Earlier in the day, Hyundai missed analyst estimates by posting a 19 percent decline in October-December net profit. Hyundai-Kia splashed out on land for new headquarters last year as economic turmoil in Russia undermined earnings in a country where the pair rank second. Currency risks are likely to persist in Russia as well as in other emerging markets this year, Hyundai President Lee Won-hee said after the automaker released its earnings.

Thursday, January 22, 2015  09:05


Business - Hyundai Motor fourth quarter profit tumbles 19 percent

By Hyunjoo Jin SEOUL (Reuters) - South Korea`s Hyundai Motor Co on Thursday reported a fourth straight quarterly profit decline, pulled down by a plunge in the Russian ruble and increased buying incentives in the United States. Hyundai, the world`s fifth-biggest automaker when coupled with affiliate Kia Motors Corp, splashed out on land for new headquarters as economic turmoil in Russia undermined earnings in a country where the pair rank second, while a weak yen made Japanese cars cheaper in the U.S., its No.2 market.

Thursday, January 22, 2015  05:33


Business - Hyundai Motor Group says to invest $73 billion by 2018

SEOUL (Reuters) - South Korea`s Hyundai Motor Group, the world`s fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles. The country`s second-largest business conglomerate unveiled the investment plan as the government of President Park Geun-hye pushes companies with large cash reserves to spend more on investment, employment and dividend payments. The group, whose 57 affiliates include automakers Hyundai Motor Co and Kia Motors Corp , said in a statement it would spend 49. ...

Tuesday, January 06, 2015  05:23


Business - Hyundai-Kia sees slowest sales growth in 12 years in 2015

SEOUL (Reuters) - Hyundai Motor Co and affiliate Kia Motors Corp aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years. Hyundai-Kia, together the global No.5 automaker, have seen their sales growth slow since their record expansion in 2010 as factories reach full strength and competition rose at home and in key markets like the United States. ...

Thursday, January 01, 2015  23:40


Business - Hyundai Motor promotes younger executives, with eye on succession planning

By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate. Hyundai Motor said it elevated chief marketing officer Cho Won-hong to executive vice president. Cho, 50, was handpicked by the automaker` s heir apparent Chung Eui-sun, people familiar with the matter said. ...

Friday, December 26, 2014  08:52


Business - Hyundai recalls 42,925 sedans in U.S. for possible brake light issue

DETROIT (Reuters) - Hyundai Motor Co is recalling 42,925 sedans in the United States due to potentially faulty brake lights, according to documents filed with U.S. safety regulators. Hyundai is recalling certain 2009-2011 Genesis and 2011 Equus sedans because a circuit failure may lead to the brake lights not illuminating, according to documents filed with the National Highway Traffic Safety Administration. That could increase the risk of a rear-end crash as a following vehicle might not recognize the car ahead was slowing or stopping. ...

Tuesday, December 09, 2014  13:49


Technology - Start your Hyundai with your watch

App for watches lets users start their car, lock their doors.

Tuesday, January 06, 2015  06:52


Business - Google, Hyundai show off new third-party Android Auto apps

With the announcement of a new Android Auto API announcement, third-party developers can start adapting their apps for in-car use today.>

Wednesday, November 19, 2014  00:55


World - Hyundai Motor reports earnings drop, forecasts weak sales

SEOUL, South Korea (AP) — Hyundai Motor Co. suffered a drop in quarterly earnings and is forecasting weak sales growth this year.

Thursday, January 22, 2015  06:26


Sports - Reed brings red-hot form for Humana title defense

(Reuters) - While twice former champion Phil Mickelson will attract his usual large galleries at this week`s Humana Challenge, last year`s winner Patrick Reed will command his share of the spotlight after making a fast start to 2015. Nine days ago, Reed won the opening PGA Tour event of the year, the elite Hyundai Tournament of Champions at Kapalua in Hawaii, where he beat fellow American Jimmy Walker in a playoff. Having skipped last week`s Sony Open, Reed is now back in the California desert and ready to defend the title he claimed by two shots last year after heading into the final round with a commanding seven-stroke advantage. Hopefully I can continue into the week.` Already a four-times champion on the PGA Tour at the age of 24, Reed conceded he was in unchartered territory at last year`s Humana Challenge after seizing a seven-shot lead through 54 holes.

Wednesday, January 21, 2015  20:34

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