HYMLF News and Press, Hyundai Motor Co. Ltd. From 10/25/22

Hyundai Motor press release ( OTCPK:HYMLF ): Q3 Net Income of KRW1.41T. Revenue of KRW 37705.44B (+30.6% Y/Y). Operating profit down 47.9% to KRW 1.55T. The company updates its financial guidance for FY22: 19%~20% from 13%~14% of consolidated r...

Hyundai's ( OTCPK:HYMLF ) operating chief Jose Munoz said the U.S. govt.'s move to eliminate tax credits for imported EVs under the Inflation Reduction Act will have a "huge impact" on the automaker's business, CNBC reported on Wednesday. Munoz did not disclose the sp...

Hyundai executives ( OTCPK:HYMLF ) indicated that both the Hyundai and KIA brands will set provisions equivalent to about $2.04B related to recalls. During a presentation on the subject of warranties and recalls on Tuesday, the Korean automaker said that its Hyundai and ...

Summary New-vehicle registration data from S&P Global Mobility through the first eight months of this year indicate Hyundai Motor now ranks as the No. 3 OEM in the US. Hyundai Motor's performance has been driven by (at least) three strengths. Both the Hyundai and Kia brand...

Hyundai Motor's ( OTCPK:HYMLF ) ( OTCPK:HYMTF ) air taxi unit has selected Honeywell ( NASDAQ: HON ) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, Reuters reported on Friday. Supernal, Hyundai's US-based eVTOL firm, wi...

Summary While other manufacturers move away from new developments with an ICE power train, Toyota doubles down on an ICE future. Toyota’s new hybrid strategy is about driving experience, not about electrification. In Australia, competition coming for Toyota RAV4 from ba...

Summary The shortage of automobiles available to retail customers - triggered by pandemic and semiconductor shortage - has resulted in shoppers walking away from their favored brands in record numbers. New vehicle registration data indicate that household loyalties at four strata ...

Summary 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. The company's valuation has gone down in the past few months but leaves ro...

Summary Global electric car sales August 2022 - Up 60% YoY to 15% share. China sales up 92% YoY to 30% share. Europe up 3% YoY to 21% share. US ~6% share. EV market news - BloombergNEF: More than half of US car sales will be electric by 2030. IEA: Global "EVs to account for 60% of...

Summary The reimagined 2022 Detroit Auto Show, also known as the North American International Auto Show, finished its media and industry days with limited automakers and brands participating after a three-year hiatus in the city. Ford, General Motors and Stellantis each took up re...