HYMTF - Hyundai Motor Company

Other OTC - Other OTC Delayed price. Currency in USD
33.30
0.00 (0.00%)
At close: 2:25PM EST
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Previous close33.30
Open33.00
Bid0.00 x 0
Ask0.00 x 0
Day's range33.30 - 33.30
52-week range25.50 - 44.00
Volume11
Avg. volume395
Market cap27.03B
Beta (5Y monthly)0.34
PE ratio (TTM)8.74
EPS (TTM)3.81
Earnings dateN/A
Forward dividend & yield1.75 (5.26%)
Ex-dividend date26 Jun 2019
1y target estN/A
  • Hyundai bet big on China. Now coronavirus is twisting its supply chain
    Reuters

    Hyundai bet big on China. Now coronavirus is twisting its supply chain

    South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. One of its main suppliers, Kyungshin, which has rapidly boosted capacity in China over the past two decades to capitalise on the country's lower labour costs and proximity to South Korea, has seen its operations hit hard by the epidemic. Now Kyungshin, which supplies almost half of the wiring harnesses for Hyundai's auto electrical systems in the carmaker's South Korean manufacturing hub, is scrambling to make up for production shortfalls.

  • Hyundai taps EV startup Canoo to develop electric vehicles
    TechCrunch

    Hyundai taps EV startup Canoo to develop electric vehicles

    Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. The electric vehicle platform will be based on Canoo's proprietary skateboard design, according to the agreement that was announced Tuesday. The platform will be used for future Hyundai and Kia electric vehicles as well as the automaker group's so-called "purpose built vehicles." The PBV, which Hyundai showcased last month at CES 2020, is a pod-like vehicle that the company says can be used for various functions in transit, such as a restaurant or clinic.

  • Bloomberg

    Hyundai Bets on Canoo to Supercharge Its Electric Vehicle Plans

    (Bloomberg) -- Hyundai Motor Group has struck a deal to develop electric vehicles with Los Angeles-based startup Canoo. Under the terms of the agreement, announced on Tuesday, Hyundai and its Kia affiliate will gain access to Canoo’s engineers and technology as the two South Korean automakers look to expand their production of EVs. Hyundai and Kia both recently announced plans to invest heavily in electric technology over the next six years, including a $110 million joint investment in U.K. startup Arrival, which also counts United Parcel Service Inc. as an investor, to build electric commercial fleets.Canoo, founded in 2017 by a pair of former BMW executives, plans to sell electric vehicles  by subscription starting in 2021 in Los Angeles and San Francisco. In September it unveiled its first model, a seven-seat van that co-founder Ulrich Kranz calls “a loft on wheels.” Canoo uses a modular “skateboard” architecture: The powertrain, batteries and suspension are contained within a slim platform that can support different cabins and exteriors, or “top hats” in the industry parlance. Hyundai and Kia plan to use the Canoo platform for both private cars and commercial fleets. In a statement announcing the deal, Hyundai said it expects Canoo’s skateboards will allow for the standardized development and assembly of a range of vehicles and for a flexible design that can respond quickly to customer preferences.“We were highly impressed by the speed and efficiency in which Canoo developed their innovative EV architecture, making them the perfect engineering partner for us,” Albert Biermann, Hyundai’s head of research and development, said in the statement.Both Canoo and Hyundai declined to disclose financial terms. The agreement expires later this year but can be extended if Canoo meets set milestones. Kranz said Canoo remains open to working with other automakers. The company is using an undisclosed contract manufacturer to build its own vehicles. While both Hyundai and Kia have introduced all-electric offerings in the past few years—the Kona and Ioniq from Hyundai, the Niro and Soul from Kia—they remain small players, especially in the U.S. market. Kia said it plans to offer 11 electric vehicles by 2025, with 25% of sales coming from “eco-friendly” vehicles. Combustion-engine SUVs, including the new three-row Hyundai Palisade, are the main source of profits for the company.To contact the author of this story: Ira Boudway in New York at iboudway@bloomberg.netTo contact the editor responsible for this story: Dimitra Kessenides at dkessenides1@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coronavirus cases worldwide are ‘going up very steeply,’ says NIH Director Francis Collins
    Yahoo Finance

    Coronavirus cases worldwide are ‘going up very steeply,’ says NIH Director Francis Collins

    In a newly released interview, National Institutes of Health Director Francis Collins warned that cases of coronavirus are rising quickly, especially in China.

  • South Korea asks China for help in resuming production at auto parts plants
    Reuters

    South Korea asks China for help in resuming production at auto parts plants

    The South Korean government said on Friday it has asked Chinese regional governments for help in resuming production at South Korean auto parts suppliers' factories in China. Hyundai Motor has suspended most production in South Korea as of Friday because the coronavirus outbreak in China has disrupted the supply of parts, becoming the first major car maker outside of China to do so. Due to the production disruption, lines at parts suppliers in South Korea including Hyundai Mobis and Kumho Tire have also stopped, with concerns that the disruption will adversely affect smaller second- and third-tier subcontractors if the disruption is prolonged, the government said.

  • Exclusive: Kia in talks over moving $1.1 billion plant to another Indian state - sources
    Reuters

    Exclusive: Kia in talks over moving $1.1 billion plant to another Indian state - sources

    South Korea's Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion (845.83 million pounds) plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction. Kia said in a statement it has a long-term commitment to the Indian market and it aims to utilize the full capacity of its Andhra plant "before considering further expansion".

  • Exclusive: Kia in talks over moving $1.1 billion plant out of Andhra Pradesh - sources
    Reuters

    Exclusive: Kia in talks over moving $1.1 billion plant out of Andhra Pradesh - sources

    South Korea's Kia Motors is discussing with the Indian state of Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction.

  • Hyundai Halts Korea Output as Virus Causes Parts Shortage
    Bloomberg

    Hyundai Halts Korea Output as Virus Causes Parts Shortage

    (Bloomberg) -- Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.The carmaker has been hit by a shortage of a wiring component made at a South Korean supplier’s plant in China, which has been halted after a worker was infected by the virus, Hyundai Motor’s labor union said. Production may resume from Feb. 11 or 12, a union spokesman said by phone Tuesday. A company spokesman confirmed the suspension without giving details.The stoppage comes as Hyundai Motor is trying to ramp up production of new sport utility vehicles and a revamped version of its most popular Sonata sedan. The coronavirus has killed more than 400 people in China and the outbreak has led to the shutdowns of several plants in the world’s biggest car market.“The company is reviewing various measures to minimize the disruption of its operations, including seeking alternative suppliers in other regions,” Hyundai Motor said in an emailed statement. “Hyundai Motor will closely monitor developments in China and take all necessary measures to ensure the prompt normalization of its operations.”The production halt could also undermine output of Hyundai Motor’s first SUV under its luxury brand Genesis, which went on sale last month.Hyundai Motor shares gained 0.4% to close at 124,000 won in Seoul. That compares with a 1.8% gain for the benchmark Kospi index.The outbreak is expected to undermine a recovery in China’s car market this year. IHS Markit, which earlier predicted a 10% drop in first quarter production, now sees a scenario in which the coronavirus spreading rapidly across the country triggers a cascade of plant closings that lasts into mid March and reduces output by more than 1.7 million cars -- a decline of a furhter 32%.Though concrete estimates on the financial toll of the coronavirus outbreak are still scarce, it’s clear the final cost will far outweigh that of the 2003 SARS epidemic, when China’s auto market was one-sixth the size it is today and smaller than that of Japan. Companies from Tesla Inc. to Volkswagen AG and Toyota Motor Corp. have warned they anticipate disruptions.General Motors Co. and Honda Motor Co. are among the manufacturers with factories in the Wuhan region, where the outbreak started, while state-owned Dongfeng Motor Corp. is headquartered in the city of about 11 million people.The government extended the annual Lunar New Year holiday break -- with its workplace closures -- by several days to curb potential exposure. Tesla was among the companies saying they’re monitoring potential supply-chain interruptions for cars built outside China, as well.GM, Toyota and Volkswagen also closed their plants at least through Feb. 9, taking heed from several provinces that advised companies not to resume operations any sooner than the extended holiday break.(Uppdates with comment from Hyundai in fourth paragraph)To contact the reporter on this story: Kyunghee Park in Singapore at kpark3@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville Heiskanen, Will DaviesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Hyundai to halt South Korea output as China virus disrupts parts supply
    Reuters

    Hyundai to halt South Korea output as China virus disrupts parts supply

    Hyundai Motor will suspend production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said, becoming the first major carmaker to do so outside of China. The flu-like virus has killed more than 400 people and its economic impact has spread beyond mainland China. In China, global automakers have already extended factory closures in line with government guidelines.

  • Hyundai Motor to suspend some SUV output in South Korea as virus disrupts supplies
    Reuters

    Hyundai Motor to suspend some SUV output in South Korea as virus disrupts supplies

    Hyundai Motor said on Friday it planned to skip South Korean production of its Palisade sport utility vehicle this weekend to cope with a supply disruption caused by a virus outbreak, its spokesperson said on Friday. Its crosstown rival Ssangyong Motor also said it will idle its plant in the South Korean city of Pyeongtaek from Feb. 4 to Feb. 12, as China's factory suspension had disrupted parts supplies. The suspension illustrates that China's extended factory closures ripple through supply chains across China and beyond.

  • Hyundai boosting Kona Electric supply in Europe through Czech plant
    Reuters

    Hyundai boosting Kona Electric supply in Europe through Czech plant

    Hyundai Motor Co will introduce its Kona Electric model at its factory in the Czech Republic from March as it looks to triple availability to European customers this year, the company said on Thursday. "This will drastically reduce delivery times for customers in Europe," it said in a statement. It said it aimed to provide more than 80,000 zero-emission vehicles to European customers in 2020, including the Kona Electric, IONIQ Electric and NEXO fuel cell car.

  • Activist hedge fund Elliott sells stakes in Hyundai Motor companies - paper
    Reuters

    Activist hedge fund Elliott sells stakes in Hyundai Motor companies - paper

    Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and board seats, South Korean media reported. Hyundai Motor also declined to comment. Elliott held more than $1 billion worth of shares in Hyundai Motor , Kia Motors and Hyundai Mobis , an Elliott unit said in April 2018.

  • Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper
    Reuters

    Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper

    Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and board seats, South Korean media reported. Hyundai Motor also declined to comment. Elliott held more than $1 billion worth of shares in Hyundai Motor , Kia Motors and Hyundai Mobis , an Elliott unit said in April 2018.

  • Powered by SUVs, Hyundai turns in best quarter since early 2017
    Reuters

    Powered by SUVs, Hyundai turns in best quarter since early 2017

    Hyundai Motor Co turned in its best quarterly operating profit in over two years and said it was on track for higher profit margins in 2020, powered by more sales of sport-utility vehicles (SUVs) such as the Palisade and Kona. The better-than-expected operating earnings, which fuelled a rise in shares, indicates measures by Hyundai Motor Group heir-apparent Euisun Chung to revamp the image of the automaker known for its sedan-heavy lineup were beginning to pay off. Hyundai said it would meet its target for a 5% operating profit margin this year, versus 3.5% in 2019, by selling even more SUVs and launching fully redesigned versions of some of its best-selling models, the Elantra sedan and the Tucson SUV.

  • Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd
    Reuters

    Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd

    Hyundai Motor Co and sister firm Kia Motors Corp are making the investment of 100 million euros (84.34 million pounds) in Arrival Ltd. Founded in 2015 and based in London, Arrival has developed a boxy, futuristic-looking shuttle bus aimed at the commercial delivery market. In a statement, Arrival said it will work with Hyundai and Kia to develop a variety of electric vehicles, initially for the commercial market.

  • Hyundai unveils first Genesis SUV in renewed overseas premium push
    Reuters

    Hyundai unveils first Genesis SUV in renewed overseas premium push

    South Korea's Hyundai Motor Co unveiled the first sport-utility vehicle (SUV) under its Genesis brand on Wednesday, a move analysts said was crucial for the premium marque's expansion in overseas markets. The brand, spun off in 2015, is an initiative of Hyundai Motor Group heir-apparent Euisun Chung aimed at revamping the image of the value-for-money automaker. The automaker plans to launch the GV80 SUV in North America in the first quarter of 2020.

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