SynopsisSeo Gang-hyun, previously Hyundai Motor's CFO, has been promoted to CEO of Hyundai Steel. Recognized for his financial acumen and setting profit records
Hyundai Motor Group announced on Friday that two executives of the group’s car manufacturing unit were appointed to lead the automotive components and steelmaking subsidiaries, respectively, in order to grow sustainably and respond in an agile manner to the uncertain global business environment.
Hyundai Motor Group said Thursday it hit record earnings in the third quarter thanks to all-time high sales in the US market. The company’s operating profit from July to September skyrocketed 146.3 percent from last year to 3.8 trillion won ($2.8 billion), its highest figure since 2011. Its sales revenue increased 8.7 percent to 41 trillion won in the same period. The world’s third-largest carmaker sold a.
Hyundai Motor said Wednesday it posted record-high sales and profits in the second quarter this year, largely buoyed by strong sales in key markets, including the US. The carmaker’s sales revenue surged by 17.4 percent to 42.2 trillion won ($33 billion) from a year earlier, surpassing the previous record posted in the fourth quarter last year. Operating profits exceeded the 4 trillion won mark for the first tim.
Strong sales worldwide in the first quarter of 2023 helped Hyundai Motor s profits. The carmaker released the financial results on April 25, with net profit growing 92.4% year-over-year.