|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||28.01 - 28.01|
|52 Week Range||25.25 - 47.50|
|Beta (3Y Monthly)||2.27|
|PE Ratio (TTM)||7.35|
|Forward Dividend & Yield||0.85 (3.05%)|
|1y Target Est||N/A|
Greenpeace campaigners climbed a 40-metre billboard advertisement for Hyundai Motor's near its head office in South Korea to post a sign reading "No more internal combustion engines", the environmental group said on Monday. Greenpeace spokesman Sean Lee said the group wanted to send a message to Hyundai Motor that eliminating internal combustion engines was "no longer a matter of choice".
Hyundai Motor Co's unionised workers in South Korea voted on Monday to accept the lowest bonus offered in nearly two decades amid widespread restructuring in the auto industry and a damaging trade dispute with Japan. With the approval, announced on Tuesday, Hyundai avoided a walkout by workers for the first time in eight years. Hyundai's South Korean workers, who have staged strikes in all but four years since the union was created in 1987, had drawn media and public criticism for threatening to walk out despite their relatively high annual wage of 92 million won ($75,866) on average as of 2018, plus benefits and job security.
Hyundai Motor Co and its South Korean workers' union have reached a tentative wage deal and averted strike action for the first time in eight years, sending the automaker's shares up by more than 4%. The union said it took into account "the uncertain political and economic situation" stemming from a diplomatic spat with Japan as well as a U.S.-China trade dispute. Hyundai's unionised workers in South Korea have staged strikes in all but four years since the union was created in 1987.
South Korea's Hyundai Motor Co laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. The automaker forecast its U.S. market share to begin rising again from this year, targeting a year-end share of 4.2% versus 3.9% last year, with sales of its upgraded Palisade SUV starting from the second half. It aims for a U.S. share of 5.2% by 2023.
In the pickup truck segment, Fiat Chrysler Automobiles NV's (FCA) Ram outsold General Motors Co's Chevrolet Silverado in the second quarter. The Silverado has long held second place behind Ford Motor Co's F-Series pickup trucks, with Ram often a distant third.
(Bloomberg) -- Aurora Innovation Inc., the self-driving technology startup known for its dream-team founders, said Wednesday that Hyundai Motor Group is part of a more than $600 million fundraising round, along with Baillie Gifford & Co., the top outside investor in Tesla Inc.The startup did not disclose the size of the investments by Hyundai and Baillie Gifford, but they are in addition to the $530 million in financing for its Series B round announced in February. Aurora raised $90 million in its Series A round last year, bringing the total financing to more than $700 million.Aurora already counted Hyundai Group units Hyundai Motor Co. and Kia Motors Corp. among its development partners, but the investment represents a deepening of those ties, which Hyundai said in a statement will “expand research to a wide range of vehicles.”James Anderson, a Baillie Gifford partner, said the U.K.-based asset manager knows and likes Aurora Chief Executive Officer Chris Urmson “and we think this is such an important but difficult area that we want fairly broad exposure.”This is the latest in a series of developments in recent days between Aurora and major automakers. Aurora and Fiat Chrysler Automobiles NV said on June 10 they will join forces on driverless commercial vehicles in the U.S. market. A day later, Volkswagen AG said it had ended a partnership with Aurora in favor of collaborating on self-driving with Ford Motor Co.Other Series B investors include Sequoia Capital Operations, Amazon.com Inc. and T. Rowe Price Group Inc. Aurora has put some of that money to use recently by acquiring Blackmore Sensors & Analytics, a lidar startup based in Bozeman, Montana.Youngcho Chi, the Hyundai Group’s chief innovation officer, said the initiative with Aurora is part of the company’s efforts to commercialize autonomous models. “Working closely with industry leaders around the world will help us develop fully self-driving vehicles that are safe and innovative for our customers,” he said in a statement.(Adds comment from Baillie Gifford in fourth paragraph.)\--With assistance from Ed Hammond.To contact the reporter on this story: Dana Hull in San Francisco at email@example.comTo contact the editors responsible for this story: Chester Dawson at firstname.lastname@example.org, Melinda GrenierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Beyond the significant cash infusion, the three parties said the deal includes"a strategic partnership to collaborate on the development of high-performanceelectric vehicles
Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. According to Reuters calculations, Bosch would only need a tenth of the platinum used in current fuel cell vehicles. Hopes of reviving demand and prices of platinum increasingly hinges on widespread uptake of fuel cells in vehicles, ships and trains to make up for dwindling amounts used in each device, analysts say.
South Korea's Hyundai Motor unveiled a promising outlook for sales at home and in the United States, and also reported its first rise in profit in five quarters, in an early sign of recovery even as it battles a slump in China. This comes as Hyundai's heir apparent Euisun Chung tightens his grip and reshuffles top management to revive stalled growth at the automaker - once hailed as a star performer during the global financial crisis about a decade ago. Hyundai is now rolling out a full line-up of sport utility vehicles (SUVs) this year, after a consumer shift to the segment took a toll on its sedan-heavy line-up.
Audioburst, a startup that uses AI technology to extract the best bits from podcasts and talk radio to create new listening experiences, has raised an additional $10 million in strategic funding from Dentsu and Hyundai Motor Company. Dentsu and Hyundai join Audioburst's other strategic investors, Samsung Ventures, Nippon Broadcasting, and Advanced Media, Inc., and bring the company's total raise to date to $25 million. The startup today ingests and indexes millions of audio segments per day, then uses AI technology -- including Automatic Speech Recognition and Natural Language Understanding -- to create products like a searchable library of audio, personalized audio feeds and news briefs, notifications and more.
Hyundai Motor Co has appointed Jose Munoz as global chief operating officer and Americas chief, tapping a man formerly considered an ally and potential successor of Nissan Motor Co Ltd's ousted Chairman Carlos Ghosn. Munoz is the latest foreign executive to be brought in to a South Korean automaker dominated by lifelong loyalists, as heir-apparent Euisun Chung strengthens control of the conglomerate chaired by his aging father. In the U.S., Hyundai is also the subject of a regulatory investigation into the timeliness of vehicle recalls involving defective engines.
Electric passenger vehicles are getting most of the attention, but the battle between electric trucks and hydrogen powered semi’s is going under the radar
Park Byung-kyu once led Kia Motor's union in the city of Gwangju, fighting for labor protections against the powerful, family-run chaebol that dominated the economy during South Korea's rapid industrialization. The attack also left him disillusioned with the approach of South Korea's forceful and often militant unions, which have faced increasing criticism for protecting their interests at the expense of other workers. Now, Park is working for the city of Gwangju on a proposed joint venture with Hyundai Motor Co to build a new low-wage car factory, Hyundai's first new factory in South Korea in 25 years.
South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles. Hyundai's comments come a day after South Korea's Maeil Business Newspaper cited unnamed industry sources on Saturday saying that the two companies planned to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030. Hyundai said in a statement on Sunday that its cooperation with the Chinese tech giant was focused on infotainment.
South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday. Both companies plan to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030, the report, which cited unnamed industry sources, said. The agreement was signed on the sidelines of a business forum held in Seoul on Thursday by the South Korean government and China's Guangdong province, it said.