Kia Motors Announces 2019 1H Business Results

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Kia’s 2019 1H sales revenue at KRW 26.95 trillionOperating profit at KRW 1.13 trillion; Net profit KRW 1.15 trillionTotal global sales of 1,352,629 unitsKia to boost sales of new SUV and higher-volume models Kia Motors Corporation today announced business results for the first half of 2019, reporting year-over-year growths of 1.2 percent and 71.3 percent in sales revenue and operating profit, respectively. Sales revenue totalled KRW 26.95 trillion, increasing from KRW 26.62 trillion in the same period of 2018, as a favourable currency impact and momentum generated by new models in the U.S. offset weaker demand in major markets. Operating profit in the second half totalled KRW 1.13 trillion, climbing 71.3 percent from a year earlier, while the company posted a net profit including minority interest of KRW 1.15 trillion, 51.1 percent higher than the same period in 2018. Increased sales of new models with higher margins as well as the one-off ite..

Inchcape sells Volkswagen dealerships in Essex to Group1

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Monday Morning Auto News, Jul 22, 2019

UK authorities invest nearly $100 million into electric vehicle research – CNBC: Industry and academia are set to lead the development of the new technologies.
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Uber Profit Path Seen Slowed by Riders Taking Cheaper Rides – Bloomberg: Uber Technologies Inc.’s path to profit is likely to be slowed by growing competition as a significant number of customers are willing to wait around for …
Factory strategist Zipse offers BMW a bold way forward – Automotive News: This month, before Oliver Zipse knew that he would be named CEO of BMW Group, he gave an impassioned talk here to the …
Traffic safety agency says its critics are wrong about its lack of toughness – Freep: … defects and must rely too much on car companies, safety advocates say. … “In many cases, we work closely with the manufacturer to raise consumer …
Ford`s Slowing China Business Is Creating Roadblocks for Its Global Ambitions – Wall Street Journal: Ford’s multibillion-dollar push to expand in China this decade has veered off course, leaving it mired in a sales slump that is weighing on its future in the world’s …
Automakers, TRW face US lawsuit over airbag system – Automotive News: Six automakers and supplier TRW face a U.S. federal lawsuit seeking class-action certification over defective airbag control units. The complaint, filed Monday in …

Cummins makes offer for VW’s large engines unit, report says – Automotive News: VW CEO Herbert Diess has vowed to simplify the group which has 12 brands, trucks, buses, motorbikes, cars and electric bicycles as part of its …
Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models – Reuters: South Korea’s Hyundai Motor Co laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years.
S.Korea’s Hyundai Motor posts double-digit growth in Q2 operating profit – Xinhuanet: South Korea’s biggest automaker Hyundai Motor posted double-digit growth in the second-quarter operating profit on …
China Focus: Auto expo shows fierce competition in Chinese market – Xinhuanet: An Liguo, a sales manager from Changan Automobile, a major domestic brand, said that many consumers in China hunt for bargains and value both …
Korean Boycott Could Spread to Japanese Luxury Cars – Bloomberg: Japanese luxury cars may also take a hit, said Kwon Soon-Woo, an analyst at SK Securities. Toyota Motor Corp. and Honda Motor Co. have a …
Hyundai Motor Q2 net profit rises 31.2%, new models boost domestic sales – Reuters: South Korea’s Hyundai Motor Co on Monday said second-quarter net profit climbed 31.2%, as a weaker local currency …
Jaguar Land Rover is recycling more plastic – Autocar:
Europe Plans to Use the US Election to Beat Trump’s Trade War – Bloomberg: While the daunting threat of U.S. tariffs on Europe’s auto industry and other measures is very much alive, one line of thinking in the EU is that Trump …
Israeli startup uses artificial intelligence to predict auto crash injuries – Freep: Carmakers are investing millions in an Israeli startup is using big data to predict what kind of injuries drivers have sustained after an accident.
Toyota teases its plans for Olympics in Tokyo – Automotive News: Toyota’s plan to showcase new mobility technologies at next year’s Summer Olympics is still under construction. But more ideas might be in the works.
New Mini crossovers to fortify brand, BMW says – Automotive News: BMW will double down on its Mini brand with new products, even as customers drift away from small cars.
Outside the norm: ZF’s external airbag predicts crash – Automotive News: When ZF demonstrated its new external airbag in Germany, it was more than a variation on a familiar theme. The new game is all about predictive sensing.
Ford’s sales of big trucks surge after shift to U.S. – Automotive News: Moving production to Ohio from Mexico in 2015 made it easier for dealers to sell and service the F-650 and F-750.
ProPilot 2.0 alters Nissan’s curves – Automotive News: The automaker is discovering that as its self-driving technologies become more sophisticated, it will need to rethink some of its vehicle design touches.
GM CEO to blame for Silverado – Automotive News: The Silverado’s weak performance is the fault of GM’s leadership, writes an Automotive News reader in a letter to the editor.
BMW iNext: electric SUV’s innovative steering wheel revealed – Autocar: Autocar
The ritual dance with UAW begins again – Automotive News: and there are plenty – certainly the most difficult has to be the corruption scandal that the UAW and primarily FCA have …
Aluminum’s carbon footprint is dirty – Automotive News: Global sales of electric vehicles surged 63 percent in 2018 to 2 million – a figure predicted to increase sevenfold by 2025. By 2030, total global EV …
More Americans have died in car crashes since 2000 than in both World Wars – Washington Post: Since January 2000, more Americans have died in car crashes than did in both World Wars, and the overwhelming majority of the wrecks were caused …
US-Japan trade and the auto sector will be high on Abe’s agenda as he claims victory at the polls – CNBC: US-Japan trade and the auto sector will be high on Abe’s agenda as he … kept its armed forces from fighting abroad since 1945, when World War II ended. … Japan has been bracing for U.S. curbs on auto imports as its trade surplus …
Truck platoons can save fuel and combat a rising shortage of drivers – Automotive News: In December 2018, a McKinsey study predicted that any platooning solution that allows trucks to operate without a driver in the second truck would not …
Q&A with Red Whittaker – Automotive News: Self-driving vehicles start with Red Whittaker. … than a decade ago, which helped spark the modern-day push to build autonomous-driving systems.
Why Level 3 automated technology has failed to take hold – Automotive News: Two summers ago, Audi stood on the precipice of an automated-driving breakthrough. Its redesigned A8 sedans contained a system called Traffic Jam ..

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