• The All-New Kona Wins Prestigious iF Design Award 2018

     

    - Hyundai Motor vehicles win iF Design Award for 4 consecutive years

    - All-new Kona forged from contrasting styling features, a confident stance and desirable good looks

     

    For the fourth consecutive year, Hyundai Motor received worldwide recognition for its distinctive vehicle design from the prestigious iF Design Awards jury. The All-new Kona, together with the i30 Fastback, won iF Design Awards in Product heading in the Automobiles/ …

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  • Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service

    - Hyundai joins Grab’s latest Series G financing round - Investment to help Hyundai expand mobility service in Southeast Asia - Hyundai, Grab to develop mobility service platform utilizing IONIQ model - Grab is Southeast Asia's largest mobility service provider   SEOUL / SINGAPORE, Jan. 11, 2018 – Hyundai Motor Company, South Korea’s largest automaker, and Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced a strategic partnership …

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  • Hyundai IONIQ Wins 2017 Green Good Design Award™

    IONIQ boasts of innovative use of recycled and eco-friendly materials, making it an efficient, environment-friendly mobility solution.

     

    Driving the most fuel efficient vehicle doesn’t mean you have to compromise on its appearance as the 2017 Hyundai IONIQ received the 2017 Green Good Design Award™ from the Chicago Athenaeum: Museum of Architecture and Design and the European Centre for Architecture Art Design and Urban Studies. The Green Good Design Awards™ celebrate important …

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  • Hyundai Motorsport celebrates sixth WRC win with 1-2 in Rally Poland

     

    - Hyundai Motorsport has finished Rally Poland with its best ever WRC result to close the gap in the Manufacturers’ Championship to just 22 points

    - Neuville secured his third victory of the 2017 season with an impressive performance ahead of team-mate Hayden Paddon, who registered his first podium of the year in second

    - Dani Sordo finished fourth, himself under 30 seconds from the podium, to ensure all three Hyundai i20 Coupe WRCs finished inside the top-four

     

    July 2, 2017 – …

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Hyundai Announces 2012 First Quarter Earnings

· Hyundai sells 1,072,679 units worldwide in the first quarter

· Sales revenue and net profit stand at 20.2 trillion won and 2.5 trillion won

· Continuous efforts of ‘value-pricing’ lead higher profitability

 

Hyundai Motor Company, South Korea’s largest automaker, sold 1,072,679 units (domestic: 154,800 / overseas: 917,879) worldwide in the first quarter of 2012, up 16.7 percent from the same period a year earlier, to continue its upward sales momentum.

 

In spite of global business uncertainties, Hyundai Motor’s continuing efforts in "value-pricing" -- or raising car prices to match their value -- paid off to result in increasing profitability.

 

While Hyundai Motor’s net profit rose 30.6 percent to 2.45 trillion won (including non-controlling interest) in the first quarter, compared to a year earlier, its operating profit jumped 24.9 percent to 2.28 trillion won. Due to a rise in sales volume and improved product mix, sales revenues increased 10.6 percent to 20.16 trillion won, as well. (Auto business: 17.25 trillion won / Finance and others: 2.92 trillion won)

 

In the Korean domestic market, sales were down by 7.1 percent to 154,800 units because of dropping consumer confidence caused by recent economic difficulties. In contrast, in overseas markets, Hyundai Motor’s sales increased 22.0 percent to 917,879 units. (export: 328,771 / overseas plants: 589,108)

 

Hyundai’s brand value is significantly enhanced through its persistent quality management, which also drives sales volumes.

As a result of qualitative growth based on enhanced brand awareness, Hyundai scored at an all-time high in the 2012 Vehicle Dependability Study, conducted by J.D. Power and Associates. Enhanced brand value led to significant jumps in both sales and profit, especially in the overseas markets.

 

Hyundai Motor expects the auto industry to remain uncertain throughout the remainder of 2012. Although the U.S. market shows signs of recovery, the European markets still face the potential of economic crisis..

 

In the emerging markets, competition will increase to win slowing demand in China and India. Stronger governmental policies to protect the local auto industry are expected in Brazil and Russia, as well.

 

Under such tough circumstances, Hyundai Motor will continue to seek qualitative growth, focusing on better profitability, rather than hasty sales volume expansion.

 

In addition to selling Elantra (Avante) and Sonata in the global market, Hyundai will reinforce sales of local strategic models -- such as i30 in Europe, Solaris in Russia and Eon and i10 in India -- to raise brand awareness in the global market.

Hyundai Motor will increase capacity in emerging markets with the completion of a third plant in China and a plant in Brazil -- its seventh plant outside of Korea -- in the second half of this year.