Hyundai Motor Announces 2016 Business Results - The FINANCIAL

Sales volume and operating profit declined from the same period last year due to high production cost caused by series of labor strikes and continued economic stagnancies in emerging markets, according to Hyundai Motor Company. For the year 2016, ...

Kia Motors Q4 profit slumps amid strikes - THE BUSINESS TIMES

Strikes cut deeply into the fourth quarter profits of South Korea's second largest automaker, Kia Motors, it said Thursday. PHOTO: BLOOMBERG. [SEOUL] Strikes cut deeply into the fourth quarter profits of South Korea's second largest automaker, Kia ...

Kia Motors to launch small SUV in S.Korea this year - ETAuto.com

SEOUL: Kia Motors said on Thursday that it plans to launch a small sport utility vehicle in South Korea this year, in a bid to enter the booming segment. Kia, an affiliate of Hyundai Motor, said in an earnings presentation that the model would be a ...

Hyundai warns of protectionism - Independent Online

Seoul - Hyundai Motor warned of increasing uncertainties with the spread of trade protectionism and intensifying competition, after reporting a 33 percent decline in operating profit due to domestic labour strife and shrinking demand in Brazil and Russia.

Hyundai Motor's profit tumbles 39 percent on weak car sales - The Seattle Times

The logo of Hyundai Motor Co. is seen on a vehicle displayed at its showroom in Seoul, South Korea, Wednesday, Jan. 25, 2017. Hyundai Motor Co. said on Wednesday its fourth-quarter income sank 39 percent to the lowest... (AP Photo/Ahn Young-joon) ...

Hyundai regains sales momentum with SUVs, Genesis - Vanguard

South Korea's largest automaker, Hyundai Motor Company announced its 2016 full-year business results. Sales volume and operating profit declined from the same period last year due to high production cost caused by series of labor strikes and continued ...

Kia Motors Q4 profit slumps amid strikes - Business Recorder (press release) (registration) (blog)

image SEOUL: Strikes cut deeply into the fourth quarter profits of South Korea's second largest automaker, Kia Motors, it said Thursday. Net profit came to 320 billion won (US$276.3 million) in the October-December period, down 25.7 percent from the ...

This Automaker with Ties to Mexico Is Writing Up a Trump Contingency Plan - Fortune

Kia Motors said on Thursday it is drawing up a contingency plan to cope with the policies of U.S. President Donald Trump, reflecting growing wariness by Asian exporters about the prospect of U.S. protectionism. Trump has promised to revive U.S ...

Kia Motors increases net profit - NEWS.com.au

Kia Motors has increased its net profit by 4.7 per cent in 2016 to 2.7 trillion won ($A3.0 billion), attributing the rise to growing sales of its new models. South Korea's second largest car maker had a pre-tax profit of 3.4 trillion won, up by 11 per ...

Hyundai Motor Company's Operating Profit Dropped 18.3% in 2016 - BusinessKorea

Hyundai Motor Company announced on January 25 that it sold 4,857,933 cars around the world and posted 93.649 trillion won (US$80.0 billion) in sales and 5.1935 trillion won (US$4.4 billion) in operating profit last year. The sales volume fell 2.1% from ...

Kia Motors to launch small SUV in S.Korea this year - Reuters

SEOUL Jan 26 Kia Motors said on Thursday that it plans to launch a small sport utility vehicle in South Korea this year, in a bid to enter the booming segment. Kia, an affiliate of Hyundai Motor, said in an earnings presentation that the model would be ...

Hyundai Motors Posts Lower Profit on Weak Sales - Marea Informative

On Wednesday, South Korea based Hyundai Motor Co posted a drop of 39% in income for the fourth quarter, which was its lowest in the past seven years, hit hard by weaker demand at home and in the U.S. and higher overall costs from sale incentives and ...

Hyundai Motor Profits Down 39% From Car Sales, Here Is Why We Think Sales May Have Dropped - Torque News

Hyundai Motor Co. have seen a drop in sales at home and abroad in the fourth quarter, the lowest amount in seven years. The Korean car giant may have big plans and investment over the next few years, but it seems general sales have lagged last year ...

Hyundai Motor posts 2016 sales and profit declines - just-auto.com (subscription)

Hyundai Motor has posted results for 2016 that show a 2.1% annual decline in vehicle sales and net profit off 12.1% on the previous year. The company was hit by heavy discounting in the US, higher costs caused by strikes in Korea and continued sluggish ...

Hyundai Motor's profit tanks on slow demand - Korea JoongAng Daily

Hyundai Motor reported 2016 profit of 5.19 trillion won ($4.41 billion) on Wednesday, marking the first time in six years that annual profit fell below 6 trillion won, a result of slowing global demand and recurring labor strikes last year. The ...

Hyundai Motor posts disappointing Q4 results - Nikkei Asian Review

SEOUL -- Hyundai Motor posted worse-than-expected earnings in the fourth quarter, with operating profit tumbling more than 30% from a year ago largely due to a longstanding labor strike and low sales in emerging markets, South Korea's largest automaker ...

Discounts drive Hyundai profit to 5-year low; uncertain 2017 ahead - Automotive News (subscription) (blog)

The automaker's net profit fell 39 percent to 1 trillion won ($858.07 million). Sales for the latest quarter fell 0.1 percent to 24.5 trillion won, while operating profit dropped 33 percent to 1 trillion won. Hyundai said it expected more uncertainty ...

Strikes harm Hyundai Motor profits in Q4 - AM-online

Labour strikes and declining demand in emerging markets has been blamed for a 30 per cent drop in net profit for Hyundai Motor in the fourth quarter of 2016. Net profit fell to around £680 million from around £1.02 billion in the same quarter a year ...

Hyundai warns on protectionism as profit hits 5-year low - The Globe and Mail

Hyundai Motor fell far short of estimates with its lowest quarterly profit in about five years, hurt by the cost of steep discounts on small sedans, and cautioned it expected more uncertainty ahead as competition and protectionism increase. At its peak ...

Hyundai Motor sees 39 percent lower Q4 profit on weak car sales, strikes - Daily Sabah

The Hyundai Sonata sedan is seen during the 2017 North American International Auto Show in Detroit, Michigan, January 10, 2017. (AFP Photo). Hyundai Motor Co. reported Wednesday a 39 percent drop in its fourth-quarter income to the lowest level in ...