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Hyundai Motor's Q4 net profit rises 31%, misses forecasts

SEOUL (Reuters) -South Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavourable exchange rates as well as one-off costs related to the sale of its Russia plant in December. Hyundai Motor, the world's No.3 automaker by sales with its affiliate Kia Corp, reported a net profit of 2.2 trillion won ($1.65 billion) for the October-December period versus a profit of 1.7 trillion won a year earlier. In December, Hyundai Motor said it would take a 287 billion won ($219.2 million) loss on selling its plant in Russia, where operations have been suspended since March 2022. ....

Soult Ukpyolsi , South Korea , Joyce Lee , Stephen Coates , Heekyong Yang , Jacqueline Wong , Korea Hyundai Motor Co On , Kia Corp , Hyundai Motor , Hyundai Motor Co , Xchange Rates , Fourth Quarter Profit ,

Hyundai Motor's fourth-quarter net profit rises 31%, misses forecasts

Hyundai Motor's fourth-quarter net profit rises 31%, misses forecasts
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For automakers, the EV surge is everything everywhere all at once

By Joseph White DETROIT (Reuters) - The surprise leadership shuffle on Thursday at Toyota Motor Corp, renewed urgency at Renault and Nissan Motor Co t. ....

Matthew Lewis , Patrick Koller , Joseph White , Joe White , Akio Toyoda , Lars Moravy , Elon Musk , Koji Sato , Adam Jonas , Morgan Stanley , Nissan Motor Co , Korea Hyundai Motor Co On , Ford Motor Co , Toyota Motor Corp , Tesla Inc , Motors Co , General Motors , Vice President Lars Moravy ,

Traditional automakers face daunting challenges from new-energy players

Global automakers have long experienced periods of feast and famine that come on roughly seven-to-ten year cycles. What is happening now is different. ....

Lars Moravy , Elon Musk , Koji Sato , Patrick Koller , Akio Toyoda , Adam Jonas , Morgan Stanley , Nissan Motor Co , Korea Hyundai Motor Co On , Ford Motor Co , Toyota Motor Corp , Tesla Inc , Motors Co , General Motors , Vice President Lars Moravy ,

For automakers, the EV surge is everything everywhere all at once

The surprise leadership shuffle on Thursday at Toyota Motor Corp, renewed urgency at Renault and Nissan Motor Co to restructure their alliance and Elon Musk s declaration that Tesla Inc will be. | January 26, 2023 ....

Matthew Lewis , Patrick Koller , Joseph White , Joe White , Akio Toyoda , Lars Moravy , Koji Sato , Adam Jonas , Morgan Stanley , Korea Hyundai Motor Co On , Ford Motor Co , Motors Co , General Motors , Vice President Lars Moravy , Hyundai Motor Company Stock Exchange , Press Release , Ill A005380 Kr7005380001 ,