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Hyundai’s third-quarter profit slumps 29%


The largest South Korean automaker reported – just as analysts suspected – a record decline in its third-quarter net profit, with the 29% fall the biggest in more than six quarters. The firm, the world’s fifth-largest carmaker together with affiliate Kia Motors, has been impacted by the slowing sales increase across key markets and by a rising local currency that negatively ...
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Hyundai Motor shares take a dive on profit concerns
South Korea’s biggest carmaker, Hyundai Motor, has seen its shares in a steep dive ever since announcing a record $10 billion deal to acquire a prized land plot in Seoul’s ...
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Tesla’s investors ready to rethink strategy
The California-based electric automaker ran a very successful initial public offering back in 2010 and investors have been passionate about Tesla’s stock, securing tree digit percentage rises more akin to ...
Russia: September sales plummet 20%
The country’s new car deliveries continued to spiral downward as sales dropped 20% after they fell 26% in August. The Ukrainian crisis and the general weakness of the economy continued ...
China: Toyota sees September sales up, Honda down
Here’s an interesting scenario for last month’s sales figures of two global manufacturers. Japan’s Toyota and Honda had entirely opposite results. Toyota Motor Corp and the two Chinese joint ventures it ...
Japan: September sales slip 0.8% on consumer tax impact
Following a first in years hike in the country’s consumption tax, Japan’s auto sales in September dropped, signaling a lingering weakness in Asia’s second-biggest car market. Last month’s total vehicle sales ...
US: Goldman analyst says Tesla needs $6 billion for advancements
The industry analysts have hit the US electric automaker again, after a Morgan Stanley analyst called the company’s future in question with the advent of driverless cars. Now, it’s time for ...
Japan: investors rally behind automakers again on growth predictions
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New car sales in Australia slip this August
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