Hyundai Motor said Monday its third-quarter net profit fell 5 percent from a year earlier as it reflected massive provisions for after-sales services involving the Theta II engine in the quarterly results.
Hyundai Motor expects its sales will continue to decline in the fourth quarter of this year and beyond, citing the continued shortage of automotive chips, Russia s war in Ukraine and other unfavorable business conditions, company officials said, Monday. But global demand for its SUVs and eco-friendly vehicles will increase, offsetting falling sales of gasoline- and diesel-powered cars, they said.
Hyundai Motor Group has been awarded the 2022 Automotive News “PACE Award” in the U.S., recognized for its successful development and mass production of a central communication unit (CCU), according to the company, Wednesday. This year marks the first time Korea s leading carmaker has received the PACE Award.
Hyundai Motor Group is striving to win support in Africa for Busan s bid to host the World Expo 2030. Kia CEO Song Ho-sung departed for Africa as a special envoy for the Ministry of Foreign Affairs to host the Expo, Sunday. According to the company, Song will visit South Africa, Mozambique, and Zimbabwe for six days through Sept. 23.
Hyundai Motor Group is striving to win support in Africa for Busan s bid to host the World Expo 2030. Kia CEO Song Ho-sung departed for Africa as a special envoy for the Ministry of Foreign Affairs to host the Expo, Sunday. According to the company, Song will visit South Africa, Mozambique, and Zimbabwe for six days through Sept. 23.