Tag: Hyundai Motor

Hyundai Motor makes first quarterly loss in eight years

SEOUL, South Korea (AFP) — South Korea’s largest automaker Hyundai Motor reported its first quarterly loss in eight years on Thursday, with currency swings sending it $180 million into the red in October-December despite improved sales. Operating profit fell 35 percent from a year earlier to 501 billion won ($443 million), the firm said in a statement, and it made a net loss of 203 billion won. “Due to weakened currency in emerging markets coupled […]

Hyundai Motor unveils small SUV concept for China, to launch this year

By Hyunjoo Jin SEOUL Sun Apr 20, 2014 12:52am EDT (Reuters) – South Korea’s Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world’s biggest market. Hyundai said it had picked popular Korean actor Kim Soo-hyun to promote the subcompact SUV ix25, to capitalize on the Korean pop culture boom in wooing Chinese […]