Tag: Hyundai

Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs

SEOUL, Oct. 26 (Yonhap) — South Korea’s leading auto parts maker, Hyundai Mobis Co., said Friday its net profit fell 6.8 percent in the third quarter from a year earlier on the won’s strength and recall-related costs. Net profit for the three months ending Sept. 30 fell to 449.65 billion won (US$394 million) from 482.24… Continue reading Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs

Autoliv spinoff Veoneer delays sales, margin goals as auto gloom spreads

Jan Carlson: “We see some delays in the start of production and slower ramp-ups of certain customer models along with some slight delays in expected business.” Esha Vaish and Johannes HellstromReutersOctober 25, 2018 20:40 CET STOCKHOLM — Swedish supplier Veoneer pushed back its sales and margin targets on Thursday, blaming production delays at customers struggling… Continue reading Autoliv spinoff Veoneer delays sales, margin goals as auto gloom spreads

(LEAD) Kia swings to net profit in Q3 due to base effect

(ATTN: ADDS details throughout) SEOUL, Oct. 26 (Yonhap) — Kia Motors Corp., an affiliate of Hyundai Motor Co., said Friday it swung to a net profit in the third quarter from a year earlier due to a low base effect. For the three months ending Sept. 30, Kia posted a profit of 297.74 billion won… Continue reading (LEAD) Kia swings to net profit in Q3 due to base effect

Kia swings to Q3 net profit due to base effect

SEOUL, Oct. 26 (Yonhap) — Kia Motors Corp., an affiliate of Hyundai Motor Co., said Friday it swung to a net profit in the third quarter from a year earlier due to a low base effect. For the three months ending Sept. 30, Kia posted a profit of 297.74 billion won (US$262 million) from a… Continue reading Kia swings to Q3 net profit due to base effect

UPDATE 1-Hyundai Motor posts big profit miss on U.S. recall costs; shares dive

SEOUL (Reuters) – Hyundai Motor (005380.KS) posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin as U.S. recall costs weighed. FILE PHOTO: A worker fixes the Hyundai logo on a vehicle at a plant of Hyundai Motor in Asan, south of Seoul, February 9, 2012. REUTERS/Lee Jae-Won/File… Continue reading UPDATE 1-Hyundai Motor posts big profit miss on U.S. recall costs; shares dive

Dealers see high demand for used diesel cars

Demand for diesel cars in the used car market remain high as consumers seek out value cars offering high MPG. Diesel cars were the fastest selling used cars across the UK in September in sharp contrast to plummeting demand in the new car market because of fears over emissions, health, the environment and future taxation.… Continue reading Dealers see high demand for used diesel cars

Fastned Achieves Network Wide Operational Break Even

2 H BY MARK KANE Fastned tripled its revenues during Q3 Good news coming from the Netherlands where Fastned reports a very high growth rate of its business. The company was even able to achieve network-wide operational break even. “In September, the network as a whole surpassed break even on an operational level. All operational… Continue reading Fastned Achieves Network Wide Operational Break Even

Hyundai Motor inks MOU with Air Liquide, Engie

SEOUL, Oct. 17 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday that it has signed an initial agreement with French companies Air Liquide SA and energy firm Engie in the latest move to boost sales of hydrogen fuel-cell vehicles. Under the memorandum of understanding (MOU) signed in Paris on Tuesday,… Continue reading Hyundai Motor inks MOU with Air Liquide, Engie