Tag: Recalls

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

(ATTN: ADDS Jan-Sept results in last para) 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 on Sept. 30 fell… Continue reading (LEAD) Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs

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

(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

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

Risk of fire from coolant problems: BMW recall increases to 1.6 million cars

AP Million recall at BMW because of problematic air conditioning systems Because of problems with the air conditioning needs BMW Get more than one million more vehicles into the workshop worldwide. It is in this context already the second call this year, as the car maker announced on Tuesday. In the affected diesel vehicles could… Continue reading Risk of fire from coolant problems: BMW recall increases to 1.6 million cars

UPDATE 1-Frustrated GM investors ask what more CEO Barra can do

DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks at GM’s press conference at the North American International Auto Show… Continue reading UPDATE 1-Frustrated GM investors ask what more CEO Barra can do

Less profit expected: Daimler’s profit warning sends stock to five-year low

AP Daimler CEO Dieter Zetsche: earnings forecast for 2018 lowered The carmaker Daimler Show stock market chart expects a weaker annual result than previously forecast in view of the costs associated with the diesel scandal. The group lowered on Friday its expectation for 2018 and called for several reasons. The third quarter had missed the… Continue reading Less profit expected: Daimler’s profit warning sends stock to five-year low

Fight against driving bans: VW wants to pay high scrapping premiums for old diesel

DPA Volkswagens TDI engines: The muddlers are to be scrapped The carmaker Volkswagen Show stock market chart apparently wants to scrap nationwide old diesel against payment of a conversion fee. VW wants older diesel vehicles of the brands VW, Seat, Skoda and Audi Show stock market chart not only with the emission standards 1 to… Continue reading Fight against driving bans: VW wants to pay high scrapping premiums for old diesel