Hyundai Motor

SEOUL, South Korea  | Hyundai Motor union warns auto tariffs could hurt US jobs

SEOUL, South Korea  — Hyundai Motor Co.’s labor union said Thursday that steep auto tariffs the U.S. is considering could cost tens of thousands of American jobs, echoing concerns of the global auto industry as spiraling trade conflicts between the U.S. and other major economies heat up. The labor union at South Korea’s largest auto … Continue reading SEOUL, South Korea  | Hyundai Motor union warns auto tariffs could hurt US jobs

SEOUL, South Korea  | Hyundai Motor, Audi join hands for fuel cell technology

SEOUL, South Korea  — Hyundai Motor Group said Wednesday it signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell. Under the multi-year agreement, Hyundai’s affiliates including Kia and Audi’s parent company Volkswagen AG will share components, supply chains and patent licensing. The duration of the partnership wasn’t disclosed. Hyundai, … Continue reading SEOUL, South Korea  | Hyundai Motor, Audi join hands for fuel cell technology

SEOUL, South Korea | Hyundai Motor’s 1Q profit halved on grim US, China sales

SEOUL, South Korea  — Hyundai Motor said Thursday that its first-quarter profit plunged to its lowest level in more than eight years as sales dwindled in the United States and China. South Korea’s largest automaker said its January-March earnings sank a larger-than-expected 48 percent to 731.6 billion won ($677.3 million), compared with 1.4 trillion won … Continue reading SEOUL, South Korea | Hyundai Motor’s 1Q profit halved on grim US, China sales

Hyundai Motor earnings miss forecasts on weak China sales

SEOUL, South Korea/January 25, 2018(AP)(STL.News)— Hyundai Motor said Thursday its fourth-quarter earnings rose a lower-than-expected 3 percent, hurt by weaker overseas sales, while its operating income slumped to its lowest level since 2010. South Korea’s largest automaker said its October-December net profit was 1.03 trillion won ($970 million) on sales of 24.5 trillion won ($23 … Continue reading Hyundai Motor earnings miss forecasts on weak China sales