SA News • Thu, Jan. 22
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Thu, Jan. 22, 6:51 AM
- Hyundai (OTC:HYMLF) says it will continuously increase dividend payouts in the coming years.
- The year-end 2014 dividend was hiked by 50% to 3K won ($0.0276) per share.
- Capital allocation has been a major focus of investors after the automaker spent $10B on a real estate buy last year.
- Previously: Hyundai profit plummets 22% in Q4
Thu, Jan. 22, 4:26 AM
- Hyundai Motor (OTC:HYMLF) reported a fourth straight quarterly profit decline this morning, hurt by a weak performance in Russia due to the ruble and increased buying incentives in the U.S.
- Net profit for the October-December period fell to 1.66T won ($1.53B) down from 2.13T won a year earlier.
- The automaker expects currency risks to persist in Russia and other emerging markets though 2015.
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Wed, Jan. 7, 8:02 PM
- Sales of electric vehicles in the U.S. rose 23% to 119.7K in 2014, according to a summary from InsideEVs.com.
- December was the peak month of the year with EV sales of 12,784 units.
- 2014 EV sales by model (estimated): Nissan Leaf 30.2K, Chevrolet Volt 18.8K, Tesla Model S 17.3K, Toyota Prius 13.2K, Ford Fusion Energi 11.55K, Ford C-Max Energi 8.4K, BMW i3 6.09K, Smart ED 2.59K, Ford Focus Electric 1.96K, Fiat 500e 1.79K, Cadillac ELR 1.31K, Toyota RAV4 1.18K.
- Plug-in entries from Porsche, Honda, Kia, Volkswagen, and Mitsubishi all recorded sales of less than a thousand for the year.
- Related stocks: OTCPK:NSANY, GM, TSLA, TM, F, OTCPK:BAMXY, OTCPK:DDAIF, FCAU, OTC:HYMLF, OTCQX:VLKAY.
Wed, Jan. 7, 7:04 AM
- Hyundai (OTC:HYMLF) says it will spend $73B over four years to increase global capacity.
- The automaker has tipped off previously a plan to build new factories in China and Mexico.
- Large investments in capacity and clean car development is a major theme this year in the automobile industry/
- Previously: Auto industry 2015: No merger too big to rule out (Jan. 06 2015)
Tue, Jan. 6, 8:20 AM
- The spinoff of Ferrari could give Fiat Chrysler Automobiles (NYSE:FCAU) enough breathing room to seek a merger partner, according to auto industry analysts.
- The rising cost of developing clean cars in Europe and the U.S. sets the stage for automakers to join forces through mergers and extended partnerships.
- "Eventually it must happen," notes FCA chief Sergio Marchionne on the topic of mega-mergers.
- No company is too big to be ruled out of the merger discussions due to the benefits of scaling investment costs and matching strengths/weaknesses in Europe, Latin America, China, and the U.S, note insiders.
- Automakers: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:FUJHY, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, KNDI. OTCPK:SZKMY, OTCPK:MZDAY.
Tue, Jan. 6, 6:22 AM
- Hyundai (OTC:HYMLF) has announced that it will spend $73B over the next four years expanding capacity, building new headquarters and developing new vehicles.
- Some three-quarters of the investment will be made within South Korea, said the auto group, which will "greatly contribute" to re-energizing the local economy.
Mon, Jan. 5, 2:07 PM
Mon, Jan. 5, 12:34 PM
- The average transaction price paid for a vehicles in the U.S. during December rose 1.9% Y/Y and 1.1% M/M to $33,168, according to an estimate from TrueCar.
- ATP changes (Y/Y): Hyundai (OTC:HYMLF) +9.4%, Subaru (OTCPK:FUJHY) +4.3%, Volkswagen (OTCQX:VLKAY) +3.7%, Nissan (OTCPK:NSANY) +2.7%, General Motors (NYSE:GM) +2.4%, Ford (NYSE:F) +2.2%, Fiat Chrysler Automobiles (NYSE:FCAU) +1.9%, Kia +1.7%, Honda (NYSE:HMC) +1.2%, Toyota (NYSE:TM) -1.3%.
- Incentive spending as a percentage of ATP was up 8.7% in December vs. +8.8% in November and +8.4% a year ago. The Big Three Detroit automakers were on the higher end, while Subaru and Toyota were the tightest of the bunch.
- Previous on U.S. auto sales: Fiat Chrysler Automobiles, Ford, General Motors, Toyota
Mon, Jan. 5, 9:08 AM
Fri, Jan. 2, 7:32 AM
- Hyundai (OTC:HYMLF) forecasts growth of 2.5% in 2015, compared to an outlook for 3.9% global growth in the industry.
- The level would mark the slowest pace of growth for Hyundai since 2004.
- The company expects the Hyundai brand to sell 5.05M vehicles and Kia Motors to account for 3.15M during the year.
- Uncertainty in Russia and the automaker's difficulty holding market share in the U.S. are factors this year.
Fri, Jan. 2, 3:43 AM
- Hyundai (OTC:HYMLF) and Kia (OTC:KIMTF), together the global No.5 automaker, are expecting a combined 2.5% increase in global sales to 8.2M vehicles for 2015.
- The figure marks the duo's weakest growth rate in more than a decade, as they struggle to compete with Japanese rivals benefiting from a weaker yen.
- Shares of Hyundai fell 29% in 2014, hit with a year of sluggish earnings and investor outrage over a $10B property purchase in Seoul. Kia shares fell 7%.
Thu, Jan. 1, 3:41 AM
- More than 60M vehicles were recalled in the U.S. in 2014, totaling an average of about two announcements a day and affecting the equivalent of one in five vehicles on the road.
- GM's (NYSE:GM) defective ignition switch, Honda's (NYSE:HMC) Takata (OTCPK:TKTDY) air bag crisis and Fiat Chrysler's (NYSE:FCAU) flammable gas tanks led the group, doubling the previous U.S. annual recall record set in 2004.
Dec. 30, 2014, 6:53 AM
- Hyundai (OTC:HYMLF) says it will build a second new production plant in China in order to help it meet expected demand in the region.
- The two facilities would lift Hyundai's output capacity in China to close to 1.3M from 1M.
- The Japanese automaker is also reported to be mulling over adding more capacity in the U.S. with a third plant.
Dec. 23, 2014, 2:19 PM
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