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- Kia reported in-line revenue but missed on net profit.
- Negative FX, a labor strike and inventory adjustments are widely expected.
- Upcoming catalyst: product cycle refresh, higher volume, market share expansion in Korea and favorable FX.
Kia's Electric Car Leads The Competition In Value And Range
- Kia launches its first electric car in the US this week, the Soul EV.
- At $36,500 loaded and with 93 miles of range, it compares favorable to Nissan’s best-selling LEAF.
- This is the preview of Kia’s 200 mile electric car I expect to launch in 2017 in order to compete with Tesla’s Model 3.
There are no Transcripts on KIMTF.
Wed, Nov. 12, 10:06 AM
- The landmark emissions deal struck between the U.S. and China has implications for the automobile industry even if it is largely symbolic, according to analysts.
- There's some speculation that bickering between the nations over spying and other free trade issues won't reel in China-Western auto joint ventures and impact government EV subsidies as the nation stays focused on pollution control.
- Automaker stocks: GM, F, TM, FCAU, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, TTM, TSLA.
Tue, Nov. 11, 4:48 AM
- Hyundai (OTC:HYMLF) and Kia (OTC:KIMTF) have announced share buybacks worth 670B won ($615M), in an apparent bid to appease investor fury at their multibillion-dollar investment for a new headquarters.
- The move represents Hyundai's first share buyback specifically aimed at enhancing shareholder value in nearly a decade and Kia's first ever.
- Shares in the two companies plunged in September after they and affiliate Hyundai Mobis revealed plans to spend $10B on a plot of land in Seoul.
- Separately, Kia announced that company president Park Han-woo will now become co-CEO.
- Previously: Hyundai moves ahead with mega-land deal
- Previously: Hyundai, Kia drop on extravagant HQ buy
Thu, Nov. 6, 6:12 AM
- Hyundai (OTC:HYMLY) and Kia (OTC:KIMTF) are aiming to increase the average fuel economy of their vehicles by 25% by 2020 to meet emissions regulations in South Korea, the U.S. and Europe.
- The automakers will develop next-generation engines and transmissions, reduce the weight of key models and expand their line-up of environmentally friendly vehicles to reach their target.
- The news comes on the heels of the South Korean duo's settlement earlier this week, when they agree to pay a $350M fine to the U.S. government for overstating fuel economy ratings.
- Previously: Hyundai, Kia agree to record settlement for overstating mileage
Tue, Nov. 4, 6:48 AM
- Hyundai (OTC:HYMLY) and Kia (OTC:KIMTF) will pay $350M in penalties to the U.S. government for overstating fuel economy ratings, resulting in the largest fine ever issued under the Clean Air Act.
- "This will send an important message to automakers around the world that they must comply with the law," says Attorney General Eric Holder.
- The deal follows a $395M settlement the automakers agreed to pay last December to resolve claims from the owners of the vehicles, bringing the companies' total cost for the mileage overstatements to more than $700M.
Wed, Oct. 8, 1:53 PM
- The EPA says the fuel economy of 2013 models sold in the U.S. averaged 24.1 mpg, up half a mpg from the prior year's model.
- The modest 2.1% improvement is below the pace called for by some environmental groups and just a fraction of what would be needed to keep pace with the government's target for a 54.5 average mpg for the 2016 model year.
- A higher mix of SUV and truck sales offset technology gains by automakers.
- Related stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, HMC, FCA.
Wed, Oct. 8, 7:50 AM
- Fiat (OTCPK:FIATY) CEO Sergio Marchionne thinks there is room in the industry for a merger to create an automaker bigger than Toyota.
- Marchionne might be the man for the job after helping guiding the acquisition of Chrysler from Daimler and pushing Fiat through a complicated transaction to create Fiat Chrysler Automotive (NYSEARCA:FCA).
- Morningstar analyst Richard Hilgert agrees that the auto industry may see more M&A activity due to the needed economies of scale to compete.
- Automaker stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM, OTCPK:SZKMY.
Thu, Oct. 2, 11:08 AM| Comment!
Fri, Sep. 26, 5:29 AM
- A group led by Hyundai (OTC:HYMLF) agrees to move forward with a $10.12B land deal at a price more than triple the assessed value of the property.
- The extravagant land grab continues to anger Hyundai plant workers, with another partial strike scheduled for next week.
- Shares of Hyundai fell 1.3% in trading in Seoul, while shares of affiliate Kia Motors (OTC:KIMTF) trimmed 0.6%.
Thu, Sep. 18, 7:01 AM
- Shares of Hyundai (OTC:HYMLF, OTC:HYMTF) fell as much as 10% overseas on news the Hyundai/Kia consortium won a ferocious bidding war for a $10B trophy HQ in Seoul’s upmarket Gangnam district.
- Hyundai paid three times the appraised value for the 79K sqm plot; it plans to relocate the group’s headquarters there, and plans to build a hotel and a car theme park.
- Analyst Ko Tae-bong summed up investor sentiment: "The bid price is excessive, which is incomprehensible to investors. Investors had expected Hyundai to use most of its surplus cash for constructive things such as raising dividends or R&D spending. But they are angry to see the group burn cash like this to buy a single property." (FT)
- Kia Motors (OTC:KIMTF) was down 8% on the news.
Fri, Aug. 29, 10:27 AM
- Global auto sales rose 1.5% in July to 6.87M units.
- A strong month in China and India helped offset weakness in Japan, Brazil, and Russia.
- YTD sales are up 2.6% Y/Y to 50.2M units through July, paced by strong demand in North America and Asia.
- What to watch: South America continues to see its market share for global auto sales slide. The region could see automakers pull back further on capacity and investments due to the slump.
- Automakers: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTCPK:PEUGF, OTC:RNSDF, TTM
Mon, Aug. 11, 10:12 AM
- Sales of luxury cars in the U.S. are up 7.1% Y/Y through July, according to segment data from Wards Auto.
- The solid sales growth comes ahead of what is typically the high-demand part of the year.
- New model roll-outs slated for the fall and winter include the BMW X4, Cadillac Escalade, and Porsche Macan.
- Related stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTC:KIMTF, OTCPK:MMTOF, OTC:PEUGF, OTC:RNSDF, TTM.
Wed, Jul. 23, 2:37 AM
Thu, May. 29, 2:08 AM
- Hyundai (HYMLF) has unveiled two sedans built exclusively for its home market: The new AG, and a diesel version of the Grandeur (Azera).
- The South Korean company has been concerned with growing imports from Europe and the U.S. due to free trade deals in recent years. These tariff cuts have led to increasing imports from car makers like BMW (BAMXY) and Audi (VLKAY). A stronger Korean Won has also squeezed earnings in overseas markets like the U.S.
- Combined with affiliate Kia Motors (KIMTF, HYMLF), Hyundai is the world's fifth biggest automaker.
Thu, Apr. 24, 1:40 PM
- A forecast from J.D. Power and LMC Automotive calls for automobile sales in the U.S. to reach 1.1M units in April, up 5% Y/Y.
- The average transaction price in April is expected to be 3.6% higher at close to $29.8K.
- What to watch: Close to half of the new models in 2014 are arriving in the premium segment which will cause new competition as some premium pricing dips down into the levels of non-premium models.
- Automakers: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, KIMTF, MMTOF, TTM
Wed, Mar. 26, 11:19 AM
- Automobile dealerships no longer provide value for consumers, concludes a research paper by INSEAD professor Karan Girotra.
- "Car dealers and more generally intermediaries represent an extra layer of companies in the supply chain that clearly increases costs to customers," writes the prof.
- The industry has evolved such that a consumer could search and research a car online, test-drive at a product gallery, and service a purchased vehicle at a reputable repair shop without needing the backstop of a manufacturer-certified dealership, concludes Girotra.
- Related stocks: GM, F, TM, FIATY, HMC, NSANY, TSLA, VLKAY, DDAIF, HYMLF, BAMXY, KIMTF, MMTOF, PEUGF, RNSDF, TTM.
Tue, Jan. 28, 2:01 PM
- Kia Motors (KIMTF, HYMLF) will give a sneak peek at its first-ever luxury sedan during the Super Bowl broadcast on Sunday.
- It appears as if Laurence Fishburne will reprise his role as Morpheus in The Matrix for the spot, according to Kia's teaser.
- The V8 K900 from the South Korean automaker will bump again up against heavyweights from BMW, Mercedes, and Audi in the luxury segment.
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