SEOUL, April 26 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. Net profit for the three months ending March 31 fell to 731.6 billion won (US$678 million) from 1.406 trillion won a year earlier, the company said in a statement. “The net result was affected by the won’s strength against the [...]
SEOUL, Jan. 30 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest carmaker by sales, will launch the all-new Santa Fe sport utility vehicle (SUV) next month in the domestic market to stimulate sales, the company said Tuesday. The first fully-revamped Santa Fe to be rolled out in six years comes as the carmaker badly [...]
SEOUL, Aug. 17 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, said Thursday that it has suffered an estimated 300 billion won (US$264 million) in lost production due to three rounds of partial strikes at its main plant in the country. Unionized workers at the carmaker staged four-hour strikes last week, demanding higher [...]
SEOUL, June 19 (Korea Bizwire) – Hyundai Motor Co. said Monday it will hold a three-week-long showcase event to unveil its luxury fuel cell concept sport utility vehicle, the GV80, in South Korea. In the showcase that will last through July 9 at its Genesis Studio in Hanam, just east of Seoul, visitors will be [...]