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Business - After second-quarter profit hit, Hyundai Motor warns of firmer won, slowing demand growth


By Hyunjoo Jin 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. Hyundai Motor, the world`s fifth-biggest automaker combined with affiliate Kia Motors, on Thursday reported a 2.24 trillion Korean won ($2.18 billion) net profit for the second quarter, down nearly 7 percent from a year earlier. The fall is the biggest since Hyundai Motor`s net profit slumped 16 percent in the first quarter of last year, squeezed by massive U.S. recalls and labor disputes in South Korea.


Thursday, July 24, 2014  08:01

Yahoo

Business - Hyundai Motor second-quarter profit slips as firmer won, U.S. discounts hurt


South Korea`s Hyundai Motor said its net profit fell by the most in five quarters, as the local currency`s sharp gain and higher U.S. discounts to entice customers overshadowed solid April-June vehicle sales in China and at home. Hyundai Motor, the world`s fifth-biggest automaker combined with affiliate Kia Motors, on Thursday reported a 2.24 trillion Korean won ($2.18 billion) net profit for the second quarter, down nearly 7 percent from a year earlier. The fall is the biggest since Hyundai Motor`s net profit slumped 16 percent in the first quarter of last year, squeezed by massive U.S. recalls and labor disputes in South Korea.


Thursday, July 24, 2014  06:54

Yahoo

World - Hyundai Mobis to build plant in Czech Republic


PRAGUE (AP) — South Korea`s Hyundai Mobis has signed a deal with the Czech government to build a car lights plant in the eastern part of the Czech Republic.


Tuesday, July 29, 2014  12:14

Yahoo

Business - Nissan aims to boost U.S. sales and profit as it closes on Honda


By Yoko Kubota YOKOHAMA Japan (Reuters) - Nissan Motor Co Ltd aims to boost sales and profitability in the United States, its biggest market, an executive said, after Japan`s No.2 automaker posted a 14 percent rise in quarterly U.S. sales, closing in on rival Honda Motor Co . For the April-June quarter, Nissan posted a 4.3 percent quarterly operating profit margin for North America, up from the 3.8 percent it booked the same period a year ago. In the first six months of the year, Nissan`s U.S. sales grew 12.8 percent, making it the sixth-best selling carmaker in the country. It surpassed Hyundai Motor Co and is closing in on Honda, whose sales fell 0.8 percent during the same period.


Monday, July 28, 2014  11:41

Yahoo

World - US agency probes Hyundai Sonata air bag problem


DETROIT (AP) — U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas.


Friday, July 25, 2014  14:14

Yahoo

World - Hyundai Motor`s 2Q profit dips due to strong won


SEOUL, South Korea (AP) — Hyundai Motor Co. says its second-quarter profit fell 7 percent as the appreciation of South Korean diluted its overseas earnings.


Thursday, July 24, 2014  07:07


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