April 30, 2004 |
Hyundai Motor Co., South Korea's largest automaker, said first-quarter profit rose 11% to $395.7 million, while revenue increased 2% to $5.3 billion. Sales were dampened by a sluggish domestic market, but exports rose 5.2% to 235,000. For 2004, Hyundai is targeting total sales of 1.76 million units.
April 29, 2004 |
South Korean automaker Hyundai Motor Co. roared past European and American rivals to finish in a stunning second place Wednesday in a J.D. Power & Associates survey of model year 2004 vehicles. Japanese automaker Toyota Motor Corp. topped the market research firm's "initial quality" ratings for the sixth year in a row, largely on the strength of its flourishing Lexus luxury brand. But Hyundai climbed eight rungs in the J.D. Power survey, tying with Honda Motor Co.
September 1, 2003 |
Mitsubishi Motors Corp., hoping to end an alarming sales slide, has replaced longtime North American Chief Executive Pierre Gagnon with Finbarr O'Neill, the man credited with engineering rival Hyundai Motor Co.'s unprecedented turnaround in the United States. Officials at Cypress-based Mitsubishi Motors North America confirmed the management change Sunday. Representatives of Hyundai Motor America Inc., based in Fountain Valley, could not be reached for comment.
June 26, 2003 |
Hyundai Motor Co., South Korea's largest automaker, may lose production of about 6,000 of its Sonata sedans, Santa Fe sport utility vehicles and other vehicles because of a three-day strike that its workers started Wednesday. The auto workers are asking for an 11% pay increase, or $105 more a month, a 40-hour workweek and other benefits. Workers at Kia Motors Corp., an affiliate of Hyundai Motor, and Ssangyong Motor Co., South Korea's No. 4 automaker, also went on strike.
May 7, 2003 |
There's a difference between cheap and inexpensive. The Hyundai Excel, the first offering for the U.S. from the South Korean automaker in the 1986 model year, was cheap at $4,995. The 2003 Hyundai Accent, the latest version of the model that replaced the Excel in 1995, is inexpensive at $9,999. Although the Excel was small, cramped and seemed to be held together with duct tape, the Accent is larger, roomier and bolted together well. The Excel was a low-cost new-car alternative to a used car.
April 15, 2003 |
An attorney is demanding that Hyundai reconsider its decision to fire a Marine reservist serving in Iraq until he can return to the United States to defend himself against sexual harassment allegations. The attorney, Gloria Allred, said Sgt. Clifford Moffitt, 35, of Irvine has not been given a fair chance to address the harassment charges because he is fighting in Iraq.
January 28, 2003 |
Hyundai Motor Co. said Monday that it would begin construction this year on a $50-million center in the Mojave Desert near California City to test vehicles being designed for North America. The facility, to be operated by the South Korean automaker's Hyundai American Test Center Inc., will be used by Hyundai and its Kia subsidiary and is expected to employ 40 people. Construction is expected to be completed late next year.
September 21, 2002 |
AUTOMOBILES * DaimlerChrysler is paying more than $1.1 billion for stakes in commercial vehicle businesses being spun off by Japan's Mitsubishi Motors Corp. and South Korea's Hyundai Motor Co., a move intended to strengthen the German American auto maker's position in the growing Asian market. DaimlerChrysler said it will buy a 43% stake of the Mitsubishi spinoff, to be called Mitsubishi Fuso Truck and Bus Corp., for about $750 million.
May 27, 2002 |
Economic developers from Alabama head for South Korea this week for two days of training sessions with Hyundai Motor Co. suppliers on doing business in the state. Officials expect that 90 representatives of more than 40 potential suppliers will attend the sessions, which begin Wednesday in Seoul. Hyundai, which will build its first U.S. plant near Montgomery, will hold a similar session in Alabama in July to give U.S. auto suppliers a chance to win contracts from the plant.