Hyundai

Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014
Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts.... Read More »

 

Hyundai makes diversity key part of business plan

6:55 pm U.S. ET | Oct. 13, 2014
Under CEO Dave Zuchowski, Hyundai Motor America has made diversity a key objective of the company's business plans with clear-cut goals in areas such as hiring, the automaker's retail network, suppliers, marketing and advertising. Employees in every department are held accountable for meeting the objectives.... Read More »

 

Fleet adds little to Sept. sales gain

12:01 am U.S. ET | Oct. 13, 2014
Among the seven largest volume automakers, light-vehicle sales through dealerships rose 11 percent, while fleet was a mere 3 percent higher.... Read More »

 

Dealers turn to governments for incentives

12:01 am U.S. ET | Oct. 13, 2014
A small but growing number of dealerships are obtaining tax breaks or government funds in connection with their facility improvements.... Read More »

 

Nissan recruits Hyundai Europe COO as global sales chief

Oct. 10, 2014 12:27 CET
Nissan has tapped Hyundai Europe's chief operating officer, Allan Rushforth, to be its new global sales chief. Nissan said Rushforth had demonstrated his ability to lead multicultural teams. He will work out of Nissan's global headquarters in Japan.... Read More »

 

Toyota remains most valuable automotive brand

2:02 pm U.S. ET | Oct. 9, 2014
Toyota was named the best automotive brand worldwide for the 11th straight year, followed closely by Mercedes-Benz and BMW, in Interbrand's ranking of the 100 most valuable brands.... Read More »

 

Hyundai Motor workers approve 2014 wage pact, end strikes

7:08 am U.S. ET | Oct. 2, 2014
Hyundai Motor's union workers in South Korea agreed to end strikes that may have cost the company more than 900 billion won ($847 million) in lost output after they accepted the carmaker’s proposal to increase wages.... Read More »

 

Hyundai reaches wage deal with union after work stoppages

11:30 am U.S. ET | Sept. 29, 2014
Hyundai Motor reached a tentative wage deal today with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes.... Read More »

 

Hyundai pays the price for prestige

12:01 am U.S. ET | Sept. 27, 2014
Hyundai Motor Group Chairman Chung Mong-koo got what he wanted: a spacious corporate home in Korea's most prestigious neighborhood. Now he is paying the price.... Read More »

 

Hyundai unions plan more strikes to protest $10B land deal

6:44 am U.S. ET | Sept. 26, 2014
Workers at Hyundai Motor Group pledged more strikes as the two carmakers and their biggest supplier finalized a $10 billion purchase of plum real estate in Seoul's ritzy Gangnam district for a new headquarters.... Read More »

 

VW, Ford, GM, Toyota dominate North American Car and Truck of the Year short list

12:05 pm U.S. ET | Sept. 23, 2014
Volkswagen Group of America has four vehicles in the running for North American Car and Truck of the Year awards.... Read More »

 

Hyundai must pay $73 million punitive award in Montana teens' deaths

6:40 am U.S. ET | Sept. 23, 2014
Hyundai must pay $73 million in punitive damages to the families of two Montana teenagers killed in 2011 crash blamed on a steering defect, a judge said.... Read More »

 

Hyundai, Kia unions plan partial strikes after $10 billion land deal

7:06 am U.S. ET | Sept. 23, 2014
Labor unions at Hyundai Motor and affiliate Kia Motors are planning partial strikes after a record $10 billion bid to buy property in Seoul's Gangnam district.... Read More »

 

GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse.... Read More »

 

Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.... Read More »

 

Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.... Read More »

 

Hyundai plans to build 2 more factories in China, not 1, reports say

7:17 am U.S. ET | Sept. 16, 2014
Hyundai Motor Co. plans to build two factories in China instead of one, two people familiar with the matter told Reuters today.... Read More »

 

Hot August sales shrivel inventories

12:01 am U.S. ET | Sept. 15, 2014
Strong auto sales in August drained dealer lots, pushing U.S. inventories to the lowest level in months.... Read More »

 

Hyundai seeks boost from sporty 3-door i20

Sept. 14, 2014 06:01 CET
Hyundai hopes that a sporty three-door coupe version of its i20 will give it a boost in Europe's key subcompact segment, where the automaker's current-generation offerings have lagged behind competitors.... Read More »

 

Kia prices Soul EV at $33,700, above Leaf

3:54 pm U.S. ET | Sept. 11, 2014
The Kia Soul EV, Hyundai Motor Group’s first all-electric vehicle, will cost $33,700 before shipping and government incentives when it arrives in U.S. dealerships this fall.... Read More »

 

Toyota scouting Mexico for assembly plant, reports say

2:50 pm U.S. ET | Sept. 10, 2014
Toyota, the last of the world's major automakers without a full assembly plant in Mexico, is scouting the country for possible factory sites, two people with direct knowledge of the matter said.... Read More »

 

Hyundai taps actor Paul Rudd as new U.S. pitchman

6:10 pm U.S. ET | Sept. 8, 2014
Hyundai, in a push to appeal to younger buyers in the United States, has selected actor Paul Rudd as the brand's new celebrity pitchman.... Read More »

 

AUGUST U.S. SALES PREVIEW

Chrysler Group's hot streak putting heat on competition

8:55 am U.S. ET | Sept. 2, 2014
As Jeep benefits from consumers' renewed attraction to SUVs, Chrysler Group also has been aided by strong demand for Ram pickups and Town & Country minivans. That helped propel its U.S. sales up 12 percent last month, the largest increase of any major automaker, according to the average of eight analyst estimates compiled by Bloomberg.... Read More »

 

Dealers

12:01 am U.S. ET | Sept. 1, 2014
Dealers featured this week include the Joseph family at Oliver C. Joseph Inc. (Chrysler-Dodge-Jeep-Ram) in Belleville, Ill.; Cary Shaffer of Shaffer Hyundai in Merrillville, Ind.; and Paul and Tom Barberino, owners of Barberino Nissan in Wallingford, Conn.... Read More »

 

Elantra's new look

12:01 am U.S. ET | Sept. 1, 2014
The re-engineered 2016 Hyundai Elantra gets major changes to its sheet metal and proportions. This spy photo shows a longer and sleeker sedan, with bigger front and rear overhangs and a hood that looks stretched from the current version.... Read More »

 

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