Hyundai Motor today reported a smaller-than-expected 43 percent fall in quarterly net profit as a weak currency helped cushion it from falling sales and higher marketing costs. Hyundai posted a net profit of 225 billion won ($166.
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Unless you've been living on another planet for the past several months, you know that the 2009 Hyundai Genesis full-size sedan has won multiple awards in Canada and North America for its affordable luxury, outstanding value, inspired driving and impeccable fit and finish. Actually, the sub-$50K price puts this beautiful import in a class of its own. Talk about a slap in the face of German competitors.
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Hyundai Motor's first quarter profit is expected to drop by almost half, according to a poll of Korean analysts, though affiliate Kia Motors is forecast to return to a net profit thanks to a weaker won and higher domestic sales boosted by new model launches.
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Hyundai Motor has hiked its growth forecast for locally assembled cars in China from 22% to 36%.
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The global car industry is showing no convincing signs of recovery yet as sluggishness in developed economies has deeply dented demand, a Hyundai Motor Group vice chairman said today.
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Shares of Hyundai Motor and affiliate Kia Motors rose after the government offered tax breaks to stimulate domestic vehicle sales.
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Gullwing doors and a flowing design draw plenty of attention to Hyundai's X6 rival in New York
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Denny Hecker has already been sued for nearly half a billion dollars by Chrysler Financial. Now Hyundai Motor Finance Co. has entered the fray, claiming it is owed $104 million by the distressed Minnesota dealer.
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In today's News Brake: Hyundai rolls out the Nuvis hybrid concept in New York; GM has three bidders for Hummer; and Mercedes gives us a new look at the SLS ... But Wait, There's More!
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Hyundai rolled out the Nuvis, the 11th concept car from its California Design Center in Irvine, at the New York auto show.
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The Hyundai HCD-11 Nuvis is the eleventh signature concept car to be designed at the company's California Design Center in Irvine, Calif. In addition to showcasing the brand's cutting-edge capabilities, Nuvis also hints at a possible design direction for a future-generation crossover, blending attributes of a tall urban car and a premium utility vehicle.
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For more than a decade, auto shows held in Korea came and went unheralded, undervalued and unappreciated, being snubbed by foreign manufacturers (and even domestic manufacturers) who chose the likes of Tokyo - and more recently Beijing and Shanghai - to display their latest vehicles. Hyundai and Kia, the two largest car companies in Korea, usually accepted its tour of duty by unveiling showcars every two years, more out of obligation than anything else. But with a slew of concepts such as the Hyundai Blue-Will, Kia VG and Renault Samsung eMX making their debuts in Seoul this year, there are positive signs that attitudes are starting to change.
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More car manufacturers are seeking to take perceived risk away for potential customers with different forms of unemployment insurance. After helping Hyundai to add sales in the US, the idea is spreading in the US and now across the Atlantic.
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Beijing Hyundai Motor, the Korean automaker's Chinese joint venture, sold 41,880 vehicles last month, up 70% from the same period last year, and the first time the company has reached the 40,000 mark in monthly sales since its launch in 2002.
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(Seoul, Korea) Hyundai Motor Company today unveiled its first Plug-in HEV concept car at the Seoul Motor Show. Named Blue-Will by its creators at the Advanced Design Studio, the futuristic car targets 30 to 40 something single urbanites and young families with its highly unique character lines and detailed forms.
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Hyundai Motor expects to strike an amicable deal on wages with its labour union as the company is feeling the pain of the global economic crisis, it said on Friday.
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Hyundai Mobis Co., South Korea's biggest auto parts maker, will try again to absorb sister company Hyundai Autonet after its earlier attempt was scrapped due to high costs, the two companies said today.
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A former General Motors designer will shape the future look of Hyundai.
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Hyundai Mobis is eyeing supplying parts to more German car makers and automakers in China, a senior executive said on Thursday.
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