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...Hyundai Motors share price rose after announcing its fourth quarter results on Thursday, despite missing operating profit estimates....
...The sale price of the joint venture plant with Beijing Automotive Group was less than half the price that Hyundai had initially sought....
...Employees have started publicly campaigning to join the UAW at two plants in Alabama owned by Mercedes-Benz and Hyundai....
...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....
...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....
...Korean carmakers Hyundai and Kia have benefited from the trend, say dealers and industry analysts....
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...FTSE 100 peer Admiral posted group pre-tax profits of £443mn for 2023, up almost a quarter on rising car insurance premiums but below analysts’ expectations....
...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...
...In India, Tata Motors shares rose as much as 7.9 per cent in early trading after the group announced it would be split into two listed companies....
...Lloyds Banking Group owns Black Horse, the UK’s largest motor finance provider. Lloyds announced the provision on Thursday alongside its fourth quarter results....
...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...
...Corporate earnings: Indonesia’s Bank Central Asia, South Korea’s SK Hynix, Hyundai Motor and Naver, and India’s Maruti Suzuki publish results....
...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...
...It also owed £421 to private-hire group Addison Lee and £4,000 to a landscape gardener....
...Arrival, which was backed by Hyundai and valued at $15bn when it listed in 2021, has shed most of its workforce in the past two years to save costs....
...Consequently, Asian groups Toyota and Hyundai say solid-state batteries are key to unlocking the US market, Miedreich said, as they have far greater driving range on a single charge than current batteries...
...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....
...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....
...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...
...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....
...These range from Lloyds Banking Group (through its financing arm Black Horse) to Close Brothers and other smaller groups....
...The alliance also includes smaller partner Mitsubishi Motors....
...Groups such as Ford and Volkswagen collect healthy profits from their captive finance divisions....
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