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• All-new Elantra and All-new Tucson receive ‘iF Design Award 2016’ in product design category
• Hyundai Motor models win iF Design Award for 3 consecutive years
• Hyundai Motor’s evolving design philosophy is realized in refined style elements in All-new Elantra
• Bold and athletic design creates unique SUV appearance for All-new Tucson
Hyundai Motor received international recognition for its vehicle design …
Sept 25, 2015, Arlington, Virginia - In one of the industry’s most rigorous tests of vehicle safety, the 2016 Hyundai Tucson and 2016 Sonata earned the Insurance Institute for Highway Safety’s (IIHS) 2015 TOP SAFETY PICK+ award. This is the first time Tucson, which received a significant redesign for the 2016 model year, has received the highest honor from IIHS.
IIHS rates vehicles for occupant protection based on performance in five tests: moderate overlap front, …
• Hyundai Motor’s best-selling model evolves with innovative design
• Award-winning compact sedan inspires driver confidence with enhanced performance and stable handling
• Class-leading convenience and safety features are tailored to customer needs
September 9, 2015 – Hyundai Motor Company, South Korea’s largest automaker, today unveiled the ‘All-new Elantra (named Avante in Korea)’, a sophisticated evolution …
- Five-year deal secures supply to Hyundai dealerships worldwide - Technical collaboration will lead to new powertrain and lubricant developments (From left to right) Mr. Roger Moulding, Vice President of Shell Global Marketing and Global Key Accounts, and Mr. Tak Uk Im, Executive Vice President and COO of Hyundai Motor, Wednesday signed a global business cooperation agreement at Hyundai Motor's headquarters in Seoul, Korea January 30, 2015 - Hyundai Motor Co., South Korea’s …
FOUNTAIN VALLEY, Calif. – The all-new Hyundai Sonata won the 2015 BEST Economic Performance award from the Automotive Science Group (ASG). The award recognizes the model that holds the lowest cost of ownership in its class. In addition, the Sonata and Santa Fe Sport were honored as BEST 5 All-Around Performance models for achieving the highest combined social, environmental and economic performance scores. “The Automotive Science Group recognizes Hyundai’s continued commitment to …
- Revenue rises 8.6%, net profit up 11.7% on increased sales, new models
- Hyundai aims to sell 4.66 million units globally in 2013
(Seoul, Korea) Hyundai Motor Company, the fastest-growing automaker by brand, today announced its 2012 full-year earnings results. In spite of the challenging business environment with fluctuating exchange rates, Hyundai managed to sustain its upward momentum.
For the year 2012, sales revenue rose 8.6 percent to 84.47 trillion won (automotive: 71.31 trillion / finance and other: 13.16 trillion) from a year earlier, helped by increased sales volume and improved product-mix. Operating profit rose 5.1 percent to 8.44 trillion won, while net profit increased 11.7 percent to 9.06 trillion won (including non-controlling interest), fueled by robust performance at the company’s overseas plants and subsidiaries.
Hyundai sold 4,410,357 units globally (Korea: 667,496 / overseas: 3,742,861) in 2012, an 8.6 percent increase from a year earlier. While its sales in Korea fell 2.2 percent to 667,496 units from the previous year, its overseas sales rose 10.8 percent to 3,742,861 units (exports: 1,243,763 / overseas plants: 2,499,098). In particular, sales jumped more than 10 percent in Europe to 444,000 units, bucking the market’s trend of shrinking demand.
In the fourth quarter alone, sales revenue increased 10.7 percent to 22.72 trillion won (automotive: 18.75 trillion / finance and other: 3.97 trillion) with global sales of 1,226,847 units. However, operating profit decreased 11.7 percent to 1.83 trillion won from a year earlier, mainly due to currency fluctuations unfavorable to Hyundai.
To overcome sluggish demand in the Korean domestic market, Hyundai aggressively expanded exports from Korea, while boosting sales in its overseas markets through its local production and sales network. Hyundai also enhanced its profitability through improved product-mix and efficient marketing based on qualitative growth.
Hyundai forecasts that the global auto market, including some emerging markets, will face slowing demand amid fiercer competition and tougher government policies. Nevertheless, Hyundai aims to sell 4.66 million vehicles globally in 2013 (Korea: 668,000 / overseas: 3,992,000), a 5.7 percent increase from last year. Hyundai plans to achieve this by strengthening its fundamentals by promoting qualitative growth and securing future competitiveness, rather than quantitative growth.