Last 244,500 KRW
Change Today +7,000 / 2.95%
Volume 511.8K
As of 10:36 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

hyundai motor co (005380) Snapshot

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10/17/13 - 269,000
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hyundai motor co (005380) Details

Hyundai Motor Company, together with its subsidiaries, manufactures and distributes motor vehicles and parts worldwide. It offers cars under Centennial/Equus, Genesis, Genesis Coupe, Azera, Sonata, i40, i40 Sedan, Elantra, Elantra Coupe, i30, i30 Wagon, i30 3DR, Veloster, Veloster Turbo, Accent, Accent 5DR, ix20, i20 5DR, i20 3DR, HB20, Grand i10, New Generation i10, Eon, and i10 names. The company also provides SUVs under Grand Santa Fe, Tucson/ix35, and Santa Fe names; commercial vehicles comprising trucks and buses; special vehicles; and bare chassis products, as well as Eco vehicles under the names of ix35 Fuel Cell and Sonata Hybrid. In addition, it is involved in the provision of vehicle financing and credit card processing services; and manufacture of trains. Hyundai Motor Company was founded in 1967 and is headquartered in Seoul, South Korea.

Founded in 1967

hyundai motor co (005380) Top Compensated Officers

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hyundai motor co (005380) Key Developments

Hyundai Motor Company Announces Price of 2015 Tucson

Hyundai Motor Company has announced the price of its 2015 Tucson for the United States market. The vehicle is available in dealerships now and is priced from USD 21,500. The model is available with a choice of two engines, a two-litre direct injected inline-four-cylinder, and a 2.4-litre GDI inline-four-cylinder engine, coupled with a six-speed Shiftronic automatic transmission. It features 17-inch alloys, LED brake lights, keyless entry, satellite radio, and the typical array of iOS/USB/AUX/Bluetooth connectivity.

Hyundai Announces Financial Results for the Second Quarter and Six Months Ended June 2014; Provides Sales Guidance for the Year 2014

Hyundai announced financial results for the second quarter and six months ended June 2014. For the quarter, the company's net profit declined 6.9% year on year to KRW 2.35 trillion, while operating profit dropped 13.3% year on year to KRW 2.08 trillion, on sales of KRW 22.8 trillion, down 1.9% year on year. Hyundai's global plant (wholesale) sales during the quarter totalled 1.268 million units, up 4.0% year on year. For the six months, the company's net profit contracted 5.1% year on year to KRW 4.38 trillion and operating profit declined 5.8% year on year to KRW 4.03 trillion, on sales of KRW 44.4 trillion, edging down 0.3% year on year. Hyundai's global plant sales during the first half totalled nearly 2.5 million units, up 4.3% year on year. A breakdown of plant sales by main markets reveals domestic volumes of 972,000 vehicles (up 5.4% year on year), 553,000 units in China (up 8.2% year on year), 296,000 units in India (down 10.8% year on year), and 195,000 units in the United States (down 5.8% year on year). For 2014, forecast for Hyundai's global vehicle sales, expecting moderate growth of 2.5% year on year to around 4.5 million units, compared with 4.3 million units during 2013.

Hyundai Motor and Labor Union Clash over Ordinary Wage

Hyundai Motor Group is facing critical wage talks with its hard-line labor union as workers are calling for the revision of a 60-year-old wage scheme. Now, coupled with the recent decision from GM Korea to include bonuses as ordinary wages, the company is expected to face an uphill battle in sticking to its guns. Following a favorable Supreme Court ruling in December, the labor union of Hyundai Motor and other unions across industries have been demanding bonuses and other benefits to be integrated into ordinary pay. This would result in raising the base salary, which is a sensitive issue for local firms, especially in the labor-intensive automotive industry as the base salary is used to calculate everything from overtime payments to annual raises. Hyundai Motor would like to keep things as they were, but along with its affiliate Kia Motors, it has become embroiled in a legal battle over the issue with its unions. Hyundai Motor's union has already allied with other unions of Hyundai Motor Group affiliates, including Kia Motors, on the ordinary wage issue, warning of fierce struggles if their demands are not accepted. The management has maintained a firm stance against the issue. According to the court ruling, "fixed bonuses" should be considered as workers' base pay. But under the company's wage payment standards, Hyundai pays bonuses only when the employee works for more than 15 days over a period of two months.


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