Hyundai Motor Company

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Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following segments: Vehicle, Finance, and Others. The Vehicle segment offers motor vehicles. The Finance segment provides financing, leasing and credit cards. The Others segment includes the manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

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Two tweets of mine on Elon Musk and IEA forecasts of EV penetration by 2030 prompt this short note. It is found that IEA's projection (60%) is more plausible than Elon Musk's one (50%) pointing to a faster EV revolution in the years to come.

Many Automakers May Succumb To EV Competition By 2030

October Total Sales Increased 7%; Retail Sales Up 11% Best October Retail Month on Record All-Time Total and Retail Sales Records for Elantra HEV, Santa Fe HEV, Tucson, Tucson HEV and Santa Cruz FOUNTAIN VALLEY, Calif. , Nov. 1, 2022 /PRNewswire/ -- Hyundai Motor America reported total October sales of 60,604 units, a 7% increase compared with October 2021.

Hyundai Motor America Reports October 2022 Sales

XCIENT Fuel Cell to be the world's first heavy-duty fuel cell truck to achieve 5 million km of cumulative driving in real-life customer operation A total of 47 hydrogen-powered commercial trucks are in operation at 23 Swiss companies in the fields of logistics, distribution and supermarket fulfillment Hyundai to leverage insights from diverse public-private partnerships to further drive commercial vehicle decarbonization SEOUL, South Korea , Oct. 27, 2022 /PRNewswire/ -- Hyundai Motor Company today announced that its fleet of XCIENT Fuel Cell heavy-duty trucks in Switzerland has accumulated more than 5 million km in two years. Starting in 2020, the company exported 47 units of the hydrogen-powered, zero-emission commercial trucks to 23 Swiss companies, which are using them for logistics, distribution and supermarket fulfillment.

XCIENT Fuel Cell Fleet Racks Up 5 Million km, Reinforcing Hyundai's Hydrogen Leadership

Owners should park outside and away from structures or other vehicles until the recall is completed.

Kia to recall 71,000 SUVs — and tells owners to park outside — over fire risk

Hyundai brand receives Best Brand for Your Buck Kona SUV awarded Best Small SUV Santa Cruz deemed Best Small Pickup FOUNTAIN VALLEY, Calif. , Oct. 26, 2022 /PRNewswire/ -- Hyundai was selected as the winner in three categories of the 2022 Newsweek Autos awards.

Hyundai Wins Three Categories in the 2022 Newsweek Autos Awards

While hydrogen is still relatively niched as a fuel for electric vehicles, a startup in China is jumping ahead to embrace it for autonomous driving scenarios.

Hyundai and WeRide plan to fuel self-driving with hydrogen in China

Hyundai Motor Co will break ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in its top market.

Hyundai to launch $5.5 bln U.S. EV plant, as new law dims sales outlook

Hyundai Motor Co raised earnings guidance on Monday, buoyed by premium vehicle sales and a foreign exchange lift, but disappointing quarterly results and an uncertain U.S. electric vehicle (EV) sales outlook sent its shares down 3%.

Hyundai's bright profit view clouded by U.S. EV concerns

The United Auto Workers (UAW) union on Friday called on the Biden administration not to award any subsidies, loans or other taxpayer support until Hyundai Motor agrees to address workplace issues.

UAW wants U.S. to bar loans, subsidies for Hyundai over workplace issues

Hyundai Tucson Plug-in Hybrid Named Best Hybrid CUV Hyundai Elantra N Selected as Best Compact Sports Car MIAMI , Oct. 21, 2022 /PRNewswire/ -- The 2022 Hyundai Tucson Plug-in Hybrid and Elantra N have both received 2022 Sobre Ruedas Awards at the Miami International Auto Show. The Sobre Ruedas executive committee nominated the vehicles, and a distinguished group of automotive experts selected the winners in twelve categories.

Hyundai Tucson Plug-in Hybrid and Elantra N Win 2022 Sobre Ruedas Awards

Family Bonds and Sibling Rivalries on Display in New Creative "Tied With Tucson" Spotlights Tucson Stylish Design and Multiple Powertrain Options FOUNTAIN VALLEY, Calif. , Oct. 21, 2022 /PRNewswire/ -- Hyundai Motor America and its African American marketing agency of record, Culture Brands, launched their new multicultural campaign featuring the 2023 Tucson.

Hyundai Powers Every Lifestyle in New Marketing Campaign for the 2023 Tucson

A Hyundai Motor Co. executive said Wednesday the Korean automaker plans to "sever ties" with two Alabama suppliers investigated for using child laborers.

Korean auto giant Hyundai investigating child labor in its U.S. supply chain

Hyundai Motor Co , Korea's top automaker, is investigating child labor violations in its U.S. supply chain and plans to "sever ties" with Hyundai suppliers in Alabama found to have relied on underage workers, the company's global chief operating officer Jose Munoz told Reuters on Wednesday.

EXCLUSIVE Korean auto giant Hyundai investigating child labor in its U.S. supply chain

Labor unions and workers' advocacy groups are pressuring Hyundai Motors to respond to accusations of hiring children at their U.S. part suppliers which would violate child labor laws.

Hyundai should address child labor at US suppliers, investor group, unions say

A group that works with union pension funds is pressing Hyundai Motor Co to respond to reports of child labor at U.S. parts suppliers, warning of potential reputational damage to the Korean automaker.

Investor group, unions push Hyundai to address child labor at U.S. suppliers

600,000 visitors expected to attend BAUMA, one of the world's three largest machinery fairs, taking place in Germany The two companies to showcase compact, and eco-friendly equipment in line with global trends, including hydrogen and electric excavators, and mini excavators Hyundai Doosan Infracore's engine division to exhibit an electric battery pack for the first time to target the European market The three construction equipment companies under Hyundai Heavy Industries Group plan to leverage competitive edges to make headway in a new market MUNICH , Oct. 19, 2022 /PRNewswire/ -- Hyundai Construction Equipment and Hyundai Doosan Infracore, subsidiaries of Hyundai Genuine, the intermediate holding company in the construction machinery sector of Hyundai Heavy Industries Group, will participate in BAUMA 2022, the world's largest construction machinery trade fair. Hyundai Construction Equipment and Hyundai Doosan Infracore will be participating in the BAUMA trade fair to be held in Munich, Germany from the Oct 24 to 30, to showcase the companies' latest equipment and technologies, including smart construction solutions, hydrogen fuel cell power packs and electric battery packs, hydrogen and electric excavators, wheel loaders, dump trucks and more.

Hyundai Construction Equipment and Hyundai Doosan Infracore to Unveil Hydrogen and Electric Excavator at BAUMA 2022, World's Largest Construction Machinery Trade Fair

South Korea's Hyundai Motor Co said Friday it will break ground this month on a $5.5 billion electric vehicle and battery plant in the United States.

Hyundai to break ground on $5.5 billion Georgia plant this month

Honeywell

Hyundai Motor Co's air taxi unit has picked aerospace supplier Honeywell International Inc to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the companies said, ahead of an announcement next week.

Hyundai's air taxi unit picks Honeywell as avionics supplier

-   Hyundai Motor Group (the Group) to transform customer experience and deliver an unprecedented era of mobility via constantly evolving software technology Over-The-Air (OTA) software updates for all models by 2025 will offer enhanced performance and functionality anytime, anywhere across all global markets, to keep all models up to date 20 million vehicles expected to be registered to the Group's Connected Car Services (CCS) worldwide by 2025 Industry-leading, internally developed Connected Car Operating System (ccOS) will offer customers personalized services and process data at blazing speeds Data-based platform partnerships with industry sectors such as logistics, accommodation, leisure, and entertainment will create an open ecosystem and deliver a paradigm shift in mobility -   Constantly upgradeable software will provide diverse, stable revenue streams while offering fresh functionality and features to keep customers' vehicles up to date Platform standardization will cut costs and development time to enhance profitability -   Combining hardware and software technologies will significantly strengthen the Group's capabilities and consolidate its lead in defining the future of global mobility New Global Software Center to develop software-defined mobility devices and solutions, surpassing the vehicle market to enter the mobility and logistics market 18 trillion won investment by 2030 in Global Software Center and R&D HQ to bolster software capabilities for SDV development SEOUL, South Korea , Oct. 12, 2022 /PRNewswire/ -- Hyundai Motor Group (the Group) today announced a new global strategy to transform all vehicles to Software Defined Vehicles (SDVs) by 2025. The industry-leading initiative, presented during the Group's Unlock the Software Age  global online forum, will deliver an unprecedented era of mobility, giving customers the freedom to remotely upgrade the performance and functionality of their vehicles anywhere at any time.

Hyundai Motor Group Announces Future Roadmap for Software Defined Vehicles at Unlock the Software Age Global Forum

Authorities found children as young as 13 working at a Korean-operated parts supplier to automakers Hyundai Motor Co and Kia Corp , and have fined the company and a labor recruiter, the U.S. Department of Labor and the Alabama Department of Labor said on Tuesday.

Hyundai, Kia auto parts supplier in Alabama fined for child labor violations

Hyundai Mobis has been jointly developing IVI platform with Luxoft, global SW engineering firm, to target global automakers. Mobis' system integration expertise and Luxoft's SW competitiveness anticipated to strengthen its foothold in the future automotive IVI market.

Hyundai Mobis and Luxoft jointly develop next-generation IVI platform for future mobility

Aid Initiatives Total Up To $17 Million in Assistance for Hyundai and Genesis Owners, Customers, Dealers and Communities Hyundai Motor Group Donates $1 Million to the American Red Cross for Relief Efforts FOUNTAIN VALLEY, Calif. , Oct. 6, 2022 /PRNewswire/ -- In support of communities impacted by Hurricane Ian, Hyundai Motor North America, which includes Hyundai Motor America and Genesis Motor America, Hyundai Capital America and Hyundai Motor Group are announcing a multifaceted hurricane relief program valued up to $17 Million to help deploy immediate humanitarian aid as well as providing financial relief for current Hyundai and Genesis owners, prospective customers and dealers who were impacted by Hurricane Ian in Florida and throughout the Southern region.

Hyundai Issues Hurricane Ian Disaster Relief Program

Hyundai Motor has numerous headwinds that are impacting the future growth of the business. The company faces pressures from U.S.-only tax credit policies in addition to macroeconomic challenges.

Hyundai Motor: Too Many Headwinds

Rally Livery Created by Hyundai Design North America Designers Brad Arnold and Matt Marble Brute Squad Team Logo Developed by Jennifer Ciminillo Seventh Annual All-Women Rebelle Rally Starts Oct. 6 Minimal Vehicle Modifications Needed to Take on the Rally's Demanding Desert Terrain FOUNTAIN VALLEY, Calif. , Oct. 4, 2022 /PRNewswire/ -- Two days before the start of the Rebelle Rally, Hyundai Motor America is revealing the paint scheme for Brute Squad's 2022 Santa Cruz Sport Adventure Vehicle.

Hyundai Reveals Custom Rebelle Rally Santa Cruz

Q3 Total Sales Increased 3%; Hyundai Sets New All-Time Q3 Retail Sales Record September Total Sales up 11%; Best September Retail Sales Best-Ever Q3 Total and Retail Sales for Elantra HEV, IONIQ 5, Santa Cruz, Santa Fe PHEV and Tucson PHEV  FOUNTAIN VALLEY, Calif. , Oct. 3, 2022  /PRNewswire/ -- Hyundai Motor America reported total September sales of 59,465 units, up 11% compared with September 2021.

News for Hyundai Motor Company Stock (HYMTF)