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News updates from January 25: US economy grows 3.3% in fourth quarter, ECB keeps interest rate at 4%
Hyundai Motors shares rise despite missing profit estimates
...Hyundai Motors share price rose after announcing its fourth quarter results on Thursday, despite missing operating profit estimates....
January 25, 2024
News updates from January 17: US retail sales beat expectations in December, Lagarde says ECB likely to cut rates this summer
Hyundai sells off struggling China factory amid intensifying price war
...Hyundai Motor sold its vehicle plant in Chongqing late last year for Rmb1.62bn ($225mn) to downsize its struggling China operations, the South Korean carmaker said on Wednesday....
January 17, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News in-depthAutomobiles
How VW and Toyota became the targets of an emboldened US union
...Employees have started publicly campaigning to join the UAW at two plants in Alabama owned by Mercedes-Benz and Hyundai....
April 4, 2024
Electric vehicles
How Hyundai became big in America after focusing on smaller electric vehicles
...Hyundai Motor Group, which owns the Hyundai, Kia and Genesis brands, also has the fourth-largest share of the overall US car market, behind Toyota, Ford and GM, according to sales data from S&P Global....
January 8, 2024
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
What to watch in Asia
...Hyundai Motors holds its annual shareholder meeting. Economic data: New Zealand releases gross domestic product figures for the fourth quarter. Japan publishes trade data for February....
March 21, 2024
Electric vehicles
Americans opt to lease electric cars to tap Biden tax credits
...Korean carmakers Hyundai and Kia have benefited from the trend, say dealers and industry analysts....
December 16, 2023
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
Toyota to invest $2.2bn in Brazil
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
March 5, 2024
News in-depthNikkei Asia
Malaysia revives ‘ambitious’ high-speed rail plan amid hurdles
...The first seven proposals submitted recently by the private sector include bids from consortiums led by state-owned China Railway Construction; South Korea’s Hyundai Rotem, a Hyundai Motor unit focused on...
March 13, 2024
News updates from January 25: US economy grows 3.3% in fourth quarter, ECB keeps interest rate at 4%
What to watch in Asia today
...Corporate earnings: Indonesia’s Bank Central Asia, South Korea’s SK Hynix, Hyundai Motor and Naver, and India’s Maruti Suzuki publish results....
January 25, 2024
News in-depthAutomobiles
Zombie car factories on the rise in China as buyers opt for EVs
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
March 14, 2024
Stellantis
Stellantis joins global carmakers in Brazil push with $6bn investment
...Multinational carmakers have given a firm vote of confidence in Brazil in 2024, with significant funding also confirmed in recent weeks by Volkswagen, Toyota, Hyundai and General Motors, together totalling...
March 6, 2024
News updates from July 26: Federal Reserve raises rates, Billionaire Joe Lewis surrenders to US authorities over insider trading charges
Hyundai upgrades forecast on strong electric vehicle sales
...Hyundai Motors on Wednesday raised its full-year earnings forecast after reporting a 42 per cent growth in second-quarter operating profit on robust sales of electric vehicles....
July 26, 2023
Sovereign wealth funds
Indonesia eyes green energy transition in $1bn investment plan
...Earlier this month, Hyundai Motor terminated an aluminium supply agreement with Indonesia’s Adaro Minerals following a campaign by a climate group backed by K-pop fans that called on the Korean automaker...
April 21, 2024
Electric vehicles
Gardener and document shredder among creditors of failed electric van start-up Arrival
...Backed early by Hyundai, the company was once valued at $15bn when it listed on the Nasdaq exchange in 2021....
March 16, 2024
News updates from November 30: Global stocks record best month in 3 years on rate cut hopes, US oil production rises to fresh record
UAW launches drive for mass organising in US vehicle sector
...The union wrested big pay rises and other benefits from Ford, General Motors and Stellantis earlier this month after a six-week strike against the companies....
November 29, 2023
FT Live
Climate Capital Live
The leading global platform for climate science, finance and business
Wednesday, 19 March 2025London, UK & Online
News updates from November 30: US diplomat Henry Kissinger dies aged 100, US says Indian official directed foiled plot to kill Sikh separatist in New York
UAW launches drive for mass organising in US auto sector
...The union wrested big pay rises and other benefits from Ford, General Motors and Stellantis earlier this month after a six-week strike against the companies....
November 29, 2023
Electric vehicles
‘Simply good’ Chinese electric cars power ahead of inferior US rivals
...General Motors and Tesla have paused some of their EV expansion plans....
March 3, 2024
Batteries
Europe over-reliant on Chinese EV batteries, warns South Korea’s SK On
...Sung added that SK On stood to benefit from the rapid US growth of South Korean carmaker Hyundai, which together with sister brand Kia has overtaken Ford and General Motors to claim second place in US electric...
January 22, 2024
FirstFT
FirstFT: Google weighs charging for ‘premium’ AI-powered search features
...A vote is scheduled this month at Volkswagen’s factory in Chattanooga, Tennessee and the UAW has begun publicly campaigning at two plants in Alabama owned by Mercedes-Benz and Hyundai....
April 4, 2024
News in-depthElectric vehicles
Was Toyota’s bet on hybrid cars right all along?
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
February 26, 2024
Live news updates from June 7: Wildfire smoke blankets New York, China exports decline
New York City sues Hyundai and Kia over rising vehicle thefts
...New York City on Tuesday sued Hyundai Motor and its affiliate Kia as the number of reported stolen cars made by the South Korean companies doubled last year due to their lack of anti-theft devices....
June 7, 2023
South Korean business & finance
New York sues Hyundai and Kia over ‘explosion’ of car thefts
...New York City is suing Hyundai Motor and its affiliate Kia for negligence and creating a public nuisance over complaints about a “virtual explosion” of stolen cars blamed on a lack of anti-theft devices....
June 7, 2023
VinFast LLC
VinFast to build India EV plant in $2bn investment in Tamil Nadu
...Tata Motors is the top-selling EV brand in India’s small market for battery-powered vehicles, followed by Chinese-owned MG Motor and Indian brand Mahindra....
January 7, 2024
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
November 22, 2023
Leo Lewis
Are we at peak K-pop? Goldman doesn’t think so
...Earlier this week, the Korean industrial mammoth Hyundai Motor backed out of an aluminium supply deal with one of Indonesia’s biggest coal producers after an army of K-pop fans piled into an online campaign...
April 4, 2024

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