SEOUL, May 8 (Yonhap) — Hyundai Motor Co.’s Ioniq hybrid emerged as the best-selling car in Israel in the first quarter of this year, achieving such a landmark for the first time since the start of its exports two years ago, industry sources said Tuesday. Hyundai Motor, South Korea’s top automaker, sold 4,149 Ioniq hybrids… Continue reading Hyundai’s Ioniq becomes top seller in Israel in Q1
Author: Yonhap Online News
Carmakers’ April sales rise 7.5 pct on demand recovery
By Choi Kyong-ae SEOUL, May 2 (Yonhap) — The combined sales of South Korea’s five carmakers rose 7.5 percent last month from a year earlier due to recovering demand and popularity of new models, corporate data showed Wednesday. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp.… Continue reading Carmakers’ April sales rise 7.5 pct on demand recovery
Kia’s April sales rise 9.3 pct as demand recovers
SEOUL, May 2 (Yonhap) — Kia Motors Corp. said Wednesday its vehicle sales rose 9.3 percent in April from a year earlier on recovering demand for its vehicles. Kia Motors sold 240,028 vehicles last month, up from 219,580 units a year earlier, the company said in a statement. The monthly sales were buoyed by increased… Continue reading Kia’s April sales rise 9.3 pct as demand recovers
(LEAD) Kia steps up its ‘green’ credentials with unveiling of Niro EV in Jeju
(ATTN: CORRECTS date in lead) SEOUL, May 2 (Yonhap) — Kia Motors Corp. on Wednesday unveiled the pure electric version of its Niro crossover at an annual green vehicle exhibition on Jeju Island, a move aimed at bolstering its credentials as a carmaker striving to protect the environment. In the 5th international Electric Vehicle Expo… Continue reading (LEAD) Kia steps up its ‘green’ credentials with unveiling of Niro EV in Jeju
Elliott reiterates call for holding firm structure for Hyundai Motor Group
SEOUL, April 27 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., on Friday reiterated its demand for a holding company structure for Hyundai Motor Group. In a statement, the U.S. fund called on the Korean automotive group to merge Hyundai Motor Co. and Hyundai Mobis Co. into one… Continue reading Elliott reiterates call for holding firm structure for Hyundai Motor Group
(LEAD) Kia Q1 net plunges 44 pct on strong won, weak sales
(ATTN: ADDS details throughout) SEOUL, April 27 (Yonhap) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion… Continue reading (LEAD) Kia Q1 net plunges 44 pct on strong won, weak sales
Kia Q1 net plunges 44 pct on strong won, weak sales
SEOUL, April 27 (Yonhap) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion won a year earlier,… Continue reading Kia Q1 net plunges 44 pct on strong won, weak sales
(2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales
(ATTN: ADDS analyst comment and stock price in paras 5-8) By Choi Kyong-ae SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. In an earnings shock, net profit for the… Continue reading (2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales
(LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand
(ATTN: ADDS details in paras 3-4) SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent on the strong won and sluggish demand in China. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9… Continue reading (LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand
Hyundai Mobis Q1 net falls 39 pct on weak demand
SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent as demand from major clients remained weak. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9 billion won a year earlier, the company said… Continue reading Hyundai Mobis Q1 net falls 39 pct on weak demand