Hints and tips:
Related Special Reports
...Hyundai Motors share price rose after announcing its fourth quarter results on Thursday, despite missing operating profit estimates....
...The European boss of Hyundai, Michael Cole, said the South Korean carmaker had to “sharpen our act” to compete with a wave of low-cost Chinese electric cars that were coming to Europe....
...Tapping the resurgent demand for hybrids was a priority, executives from General Motors, Nissan, Hyundai, Volkswagen and Ford told the Financial Times’ Future of the Car Summit this week....
...Financial regulators have warned UK lenders that they should be preparing to cover the costs of an increase in complaints linked to a regulatory probe into the potential mis-selling of car finance loans....
...Apart from the latest investment pledges by the two Chinese automakers, South Korea’s Hyundai Motor began full-scale production at an Indonesian factory in March 2022....
...Senior executives from Volkswagen, General Motors and Hyundai will speak during the three day summit....
...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....
...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....
...Employees have started publicly campaigning to join the UAW at two plants in Alabama owned by Mercedes-Benz and Hyundai....
...UK bank Lloyds has set aside £450mn to cover the potential costs of regulatory probes into historic motor finance commission arrangements....
...Close Brothers has scrapped dividend payments on ordinary shares this year after the UK financial watchdog last month launched a probe into historical motor finance commission arrangements that allegedly...
...Korean carmakers Hyundai and Kia have benefited from the trend, say dealers and industry analysts....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...Lloyds Banking Group, which owns the UK’s largest car finance lender Black Horse, has already set aside £450mn to cover the potential costs of the probe....
...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....
...The Financial Conduct Authority banned discretionary commission arrangements in motor finance in 2021....
...Toyota Motor’s nearly 80 per cent profit increase in the latest quarter reflects that shift in the global car market....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...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...
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...Any lenders funding motor finance should worry about how this problem could mushroom....
...Motor finance trade body the Finance and Leasing Association said dealers had more often than not used the practice to bring interest rates down in order to offer competitive plans....
...The group, which includes Daihatsu and Hino Motors, expects to sell 10.4mn vehicles in the current financial year, compared with 10.3mn vehicles in the previous year....
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...Increasing Chinese competition has already pushed South Korean producers, which include Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean, to climb up the value chain, focusing on LNG carriers...
International Edition