This was the first gain in quarterly profit in four years, analysts had been expecting it given a low base for comparison from a year ago. SEOUL: Hyundai Motor eked out a small 3 percent gain in quarterly net profit, but posted a fifth straight drop in annual earnings as a stronger local currency and… Continue reading Hyundai Motor posts 3% gain in quarterly profit
Tag: Hyundai
Gestamp agrees with BHAP to form a joint venture in China
Posted 1/25/2018 11:37:05 PM MADRID, Jan. 25 (EUROPA PRESS) – The Spanish manufacturer of components for automobiles Gestamp has reached an agreement for the formation of a ‘joint venture’ in China with the local company Beijing Hainachuan Automotive Parts (BHAP), subsidiary of automotive components of the Beijing Automotive Industry Group (BAIC). According to the company… Continue reading Gestamp agrees with BHAP to form a joint venture in China
Hyundai Motor Misses Estimate on Labor Strikes, Stronger Won
Hyundai Motor Co.’s earnings fell short of estimates after worker strikes in South Korea hurt output and a stronger won weakened its competitiveness amid tepid demand in the U.S. and China. Fourth-quarter operating profit fell to 775 billion won ($731 million), the Seoul, South Korea-based company said in a statement Thursday. That compares with the… Continue reading Hyundai Motor Misses Estimate on Labor Strikes, Stronger Won
Hyundai Motor’s profits tumble as China sales slashed
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South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles
Ministry of Environment (ME) has decided to change standards for payment of government subsidy for electric vehicles to ‘first-come-first-served based on registration and release date of cars’ this year. Its standards changed for the first time when they were based on submission of documents for purchase since 2013. It has decided to change standards in… Continue reading South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles
GCA takes over BMW in Meaux and Fiat in Avranches
The group led by David Gaist begins the 2018 exercise with two new developments. With the German brand, the operator is opening a new geographical map … It’s hard to start the year 2018. Indeed, the GCA group continues to grow in the BMW / MINI brands by taking over the JDB concession from Meaux… Continue reading GCA takes over BMW in Meaux and Fiat in Avranches
Top Automotive Industry News for Week of January 15 – January 21, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week January 15, 2018 – January 21, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- Save The Date! The next AEA Members Reception will be held… Continue reading Top Automotive Industry News for Week of January 15 – January 21, 2017
Number of electric cars California needs to cut 2030 emissions unclear: 4 million or 7 million?
2018 Kia Niro Plug-In Hybrid charging at Crevier BMW, Santa Ana, California, Dec 2017 Enlarge Photo One of California’s largest electricity producers recently published a white paper that analyzed how the state will achieve its 2030 greenhouse-gas targets—and it called into question targets set forth by California regulators. Specifically, Southern California Edison (SCE) said the… Continue reading Number of electric cars California needs to cut 2030 emissions unclear: 4 million or 7 million?
Hyundai will increase its sales in Spain by 12% this year, with more than 62,000 units
Posted 1/18/2018 5:47:16 PM Its dealers closed 2017 with a profitability above 2% MADRID, Jan. 18 (EUROPA PRESS) – The South Korean automotive firm Hyundai expects to close this year with a volume of sales in Spain of about 62,000 units, which will represent a progression of 12% compared to 2017 data, announced the CEO… Continue reading Hyundai will increase its sales in Spain by 12% this year, with more than 62,000 units
Dumped Cars, EV Dreams: What We Learned at the Detroit Auto Show
The auto industry is undergoing the most upheaval since the advent of Henry Ford’s assembly line. The changes were as evident as the meteor and sonic boom that rattled the frigid city of Detroit this week. The rise of autonomy and electrification and an exodus by Detroit’s hometown automakers from car segments loomed large at… Continue reading Dumped Cars, EV Dreams: What We Learned at the Detroit Auto Show