Tag: hyundai
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Hyundai lifts margin target, expands US hybrid lineup
SEOUL, Aug 26 : Hyundai Motor on Wednesday unveiled plans to add 1.27 million units of production capacity by 2030 and expand its U.S. hybrid lineups, as the South Korean automaker seeks to lift its operating profit margin above 9 per cent within four years.Hyundai said it would launch or refresh over 100 veh
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Hyundai Motor’s union reaches tentative wage deal, averting more strikes
Hyundai Motor’s South Korean union said on Tuesday (Aug 25) it has reached a tentative agreement with management, averting further production losses after staging its first full strike in
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Hyundai Motor India to raise car prices by up to 1% from September
Aug 19 : Hyundai Motor India said on Wednesday it will increase vehicle prices by up to 1 per cent across its portfolio from September this year, with the extent of the hike varying by model and variant.Here are the details:• The company attributed the increase to rising input and commodity costs, hi
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Hyundai Motor India holds full year view, banking on new launches, demand recovery
July 30 : Hyundai Motor India on Thursday maintained its fiscal 2027 volume growth and operating margin outlook, expecting new launches and stronger demand for gas-powered vehicles to offset disruptions that hurt quarterly profit.The carmaker’s shares rose as much as 2.8 per cent after results before ending 1
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Hyundai Motor India posts quarterly profit drop as costs, production disruption weigh
July 30 : Hyundai Motor India reported a 35.1 per cent drop in first-quarter profit on Thursday, hurt by a jump in costs as well as a production disruption at its Chennai plant.The unit of South Korea’s Hyundai Motor reported a profit of 8.89 billion rupees ($92.96 million) for the quarter ended June 30, from
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Hyundai Motor reports 21% drop in Q2 operating profit, misses forecasts
SEOUL, July 23 : Hyundai Motor reported a 21 per cent fall in second-quarter operating profit on Thursday, missing analysts’ estimates, as weaker vehicle sales, production disruptions and higher costs outweighed support from a weaker won.Hyundai, which together with affiliate Kia Corp is the world’s third-big
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Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy
SEOUL, July 16 : Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10 per cent, a move it said would help it deploy advanced robotics across its operations.Terms of the deal were not disclo
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Hyundai Motor Group to make Boston Dynamics wholly owned with purchase of SoftBank stake
SEOUL, July 16 : Hyundai Motor Group said on Thursday it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10 per cent — a move it said will help it deploy advanced robotics across its operations.Terms of the deal were not disclosed.
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Australia’s Ioneer signs MoUs with S Korea’s KIND, Hyundai Engineering for lithium-boron project
July 8 : Australian lithium miner Ioneer said on Wednesday that it has signed separate non-binding memorandums of understanding with South Korea’s KIND and Hyundai Engineering to help advance its Rhyolite Ridge lithium-boron project.Here are some details:• Under the MOUs, Korea Overseas Infrastructur
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Atlas, the humanoid robot, delivers match ball at World Cup
EAST RUTHERFORD, New Jersey, July 5 : The World Cup has seen superstars, pitch invaders, heartbreak and joy across its 96 years — and, on Sunday, it got a robot. Atlas, an advanced humanoid robot, stepped pitchside to deliver the match ball to the referee at halftime at New York New Jersey Stadium, where B
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