Hyundai Motor and Kia sold 602,777 units globally in April, with total sales down 4% year-on-year as Hyundai's 8% decline offset Kia's 1% growth, amid parts supply disruptions and geopolitical risks in Middle East markets affecting performance.
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Hyundai Motor, Kia Sell 325,589 and 277,188 Units in April
Hyundai Motor and Kia sold 602,777 units globally in April, with total sales down 4% year-on-year as Hyundai's 8% decline offset Kia's 1% growth, amid parts supply disruptions and geopolitical risks in Middle East markets affecting performance.
Hyundai Motor and Kia's US sales declined 2.1% year-on-year in April to 159,216 units due to base effects from last year's pre-tariff purchasing surge, though eco-friendly vehicle sales surged 47.6% with hybrid models achieving record-high performance and Kia EV9 sales jumping 481.5%.
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Hyundai Motor, Kia April US Sales Fall 2.1% on Last Year's Pre-Tariff Buying Base
Hyundai Motor and Kia's US sales declined 2.1% year-on-year in April to 159,216 units due to base effects from last year's pre-tariff purchasing surge, though eco-friendly vehicle sales surged 47.6% with hybrid models achieving record-high performance and Kia EV9 sales jumping 481.5%.
Hyundai Motor Says Fire at Daejeon Supplier Disrupts Some Production, Developing Alternatives
Hyundai Motor faces production disruptions following fire at Daejeon-based parts supplier, company working on alternative component development
Hyundai Motor to Bear 860 Billion Won in Tariff Costs in Q1
Hyundai Motor faces significant financial pressure as tariff burden reaches 860 billion won ($645 million) in first quarter, signaling escalating trade cost challenges
Hyundai Motor's Q1 operating profit drops 30.8% to 2.51 trillion won, missing analyst consensus of 2.72 trillion won, despite revenue rising 3.4% year-on-year to 45.94 trillion won, signaling weaker-than-expected performance for South Korea's largest automaker amid challenging market conditions.
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Hyundai Motor Q1 Operating Profit at 2.5147 Trillion Won, Misses Consensus
Hyundai Motor's first-quarter operating profit reaches 2.5147 trillion won, falling short of market expectations as automotive sector faces headwinds
Hyundai Motor launches The New Staria Electric with 84kWh battery, 387km range, and 800V ultra-fast charging capability reaching 80% in 20 minutes, alongside premium Limousine variant in hybrid and electric configurations
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Hyundai Motor Unveils Electrified Version of The New Staria
Hyundai Motor launches The New Staria Electric with 84kWh battery, 387km range, and 800V ultra-fast charging capability reaching 80% in 20 minutes, alongside premium Limousine variant in hybrid and electric configurations
South Korea's Fair Trade Commission fines SM Hwajin and Korea Cubic 2.59 billion won for colluding on Hyundai-Kia vehicle interior surface treatment bids from 2020 to 2023, with the two companies holding 100% market share in hydraulic transfer printing method contracts.
#YonhapInfomax #FairTradeCommission #BidRigging #HyundaiMotor #KoreaCubic #SMHwajin #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=116840South Korean automakers KG Mobility, Kia, Toyota Motor Korea, and Hyundai Motor initiate voluntary recalls affecting 532,144 vehicles across 17 models due to various manufacturing defects including software issues, safety standard non-compliance, and structural design flaws that could compromise passenger safety.
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KGM Torres, Kia Ray Among 17 Models Subject to Recall
South Korean automakers KG Mobility, Kia, Toyota Motor Korea, and Hyundai Motor initiate voluntary recalls affecting 532,144 vehicles across 17 models due to various manufacturing defects including software issues, safety standard non-compliance, and structural design flaws that could compromise passenger safety.
The union has stated it will not rule out a general strike if its bargaining proposal is not accepted. If negotiations break down and even some ...
Hyundai Motor's union is demanding 30% of last year's 10.36 trillion won net profit as bonuses, extended to suppliers, plus a complete monthly salary system, raising concerns over competitiveness.#HyundaiMotor #laborunion #collectivebargaining #YellowEnvelopeAct #performancebonus #completemonthlysalarysystem #subcontractor #software-definedvehicle
Hyundai Motor Union's Excessive Demands Threaten Competitiveness
Hyundai Motor Union's Excessive Demands Threaten Competitiveness
Hyundai Motor's union is demanding 30% of last year's 10.36 trillion won net profit as bonuses, extended to suppliers, plus a complete monthly salary system, raising concerns over competitiveness.
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