HYMLF.PK: Hyundai Motor Co Ltd Instablogs

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Monday, June 3, 4:26 PM Hyundai (HYMLF.PK) May U.S. sales: +2% to 68,358 vehicles, the second-best sales month in the company's history. Elantra +32.9% to 25,090. Sonata -2.7% to 20.194. (PR) Comment! [Consumer]
Thursday, May 30, 12:09 PM May Auto Sales preview: Analysts expect the big Memorial Day weekend to have helped boost the monthly U.S. sales tally for automakers to the best level in 6 years as the allure of energy efficient models and easier credit terms helps to motivate buyers. By the numbers, Nissan (NSANY.OB), Volkswagen (VLKAY.PK), and Ford (F) are forecast to see the biggest Y/Y gains - while by segment full-size pickup trucks and compact crossovers are viewed as doing most of the heavy lifting. General Motors (GM) is pegged at a +250K unit month, while Toyota (TM) may have the lost the most market share. On the electric-vehicle front, a pricing war should lift sales a bit at the expense of profitability - while the Tesla Motors (TSLA) juggernaut rolls on. 11 Comments [Consumer]
Monday, May 20, 1:06 PM LMC Automotive thinks demand for automobiles in China will return to a double-digit pace next year and stay stable for the four to five years. It's a common enough forecast in the industry with IHS Automotive going so far as to say there is "no chance" for a negative growth environment in China due to the less than 7% of the population that owns a car. Rough forward-looking China capacity counts: General Motors (GM +1.4%) 5M vehicles a year; Hyundai and Kia (HYMLF.PK) combined 1.8M; Ford (F +0.4%) 1.2M by 2015; Volkswagen (VLKAY.PK) 4M by 2018. Comment! [Consumer]
Monday, May 20, 8:38 AM Hyundai (HYMLF.PK) and Kia (KIMTF.PK) continue to lose market share in South Korea to foreign brands as sharply lower tariffs make exports cheaper for local buyers. Foreign automakers now account for 41% of the market, up from 28% just two years ago. The trend is most pronounced in the luxury market where BMW (BAMXY.PK), Audi (VLKAY.PK), and Mercedes-Benz (DDAIF.PK) are all picking up market share steadily. Comment! [Consumer, Global & FX]
Monday, May 13, 6:42 AM Hyundai (HYMLF.PK) recalls 121K SUVs in China to fix potentially faulty brake light switches, according to the government's General Administration of Quality Supervision, Inspection and Quarantine. The recall for the automaker covers ix35 cars made with its joint venture partner in the region. Comment! [Consumer, Global & FX]
Friday, May 10, 6:41 AM Hyundai (HYMLF.PK) says it's mulling over opening a fourth plant in China as it looks to shift some production overseas with South Korea's currency strong. A plant with capacity of over 300K vehicles is an option. In April, the automaker saw its April sales in China grow at a 26% rate. Comment! [Consumer, Global & FX]
Tuesday, May 7, 6:58 AM Hyundai (HYMLF.PK) says sales in China rose 26% to 86,729 units in April as the automaker picks up more sales that might have gone to out-of-favor Japanese manufacturers. Though stumbling in the U.S., South Korean automakers are still a formidable force in other regions. Comment! [Global & FX, Consumer]
Monday, May 6, 6:45 AM Hyundai (HYMLF.PK) indicates it has no plans to build a manufacturing plant in the U.S. in the near future to dispute a report from last week that the South Korean automaker was going to increase capacity in the region. Comment! [Global & FX, Consumer]
Wednesday, May 1, 7:46 AM Auto sales are being driven higher by a recovery in the housing market and the wealth effect of a percolating stock market just as much (if not more) than pent-up demand, according to analysts. The average age of vehicles on the road has actually increased to 11.2 years from 10.8 years, giving some indication that perhaps "hundreds of thousands" of units need to be replaced. What to watch: All the major automakers report April U.S. sales numbers today with expectations running high that milder weather and new models on the market boosted sales. 13 Comments [Consumer]
Wednesday, May 1, 7:18 AM Hyundai (HYMLF.PK) April U.S. sales: +2% to 63,315 to help the South Korean automaker record its best April ever. Sales by model: Elantra +45%; Azera +47%; Santa Fe +8%. Comment! [Consumer, Global & FX]
Tuesday, April 30, 12:55 PM Automobile industry snapshot: With a third of the year in the books, the fight for market share in the U.S. is being won by Ford (F), Chrysler (FIATY.PK), and Toyota while South Korean automakers stumble (KIMTF.PK, HYMLF.PK) and General Motors (GM) slowly recovers to where it stood six months ago. Though estimates for total industry sales in 2013 keep ranging higher, watch for Japanese automakers (NSANY.OB, HMC, TM) to use a weakened yen to compete more aggressively on price. On the EV front, the Nissan Leaf and Chevrolet Volt hope to take advantage of Tesla Motors (TSLA) pulling the plug on its 40-kWh version of the Model S. 16 Comments [Consumer]
Monday, April 29, 8:00 AM Though the number of auto recalls has been increasing lately, the actual number of automobiles being recalled is lower as recalls are less broad and cover fewer units. What to watch: Automakers are looking to protect their brand image more than ever after seeing the impact on sales from flaps over Toyota's (TM) unintended acceleration issues and the exaggerated gas mileage claims from South Korean automakers (KIMTF.PK, HYMLF.PK). Frequent, but small, recalls might be part of the plan. Comment! [Consumer, Global & FX]
Wednesday, April 17, 7:08 AM Hyundai (HYMLF.PK) sees labor disputes in South Korea cause major productions slowdowns. The automaker's plants have been idled the last six weekends causing it a production shortfall of vehicles worth 820B won ($732M). Comment! [Consumer, Global & FX]
Thursday, April 11, 7:05 AM The China Association of Auto Manufacturers says auto sales in China rose 13.3% during March. During the month, German (BAMXY.PK, DDAIF.PK, VLKAY.PK) and Korean automakers (HYMLF.PK, KIMTF.PK) had sales gains that exceeded 20% while Japanese automakers (HMC, TM, NSANY.OB) suffered a 17.8 percent decline amid lingering anti-Japan sentiment. 1 Comment [Consumer, Global & FX]
Thursday, April 4, 7:17 AM Not another ho-hum auto recall: The aggressive pace of expansion for Hyundai (HYMLF.PK) may have taken its toll on quality control as the automaker faces a brake light switch recall that could topple 1.9M. The development follows up a flap over gas mileage claims and could further undercut U.S. sales. Both Hyundai and affiliate Kia (KIMTF.PK) are down sharply today in Tokyo trading. Comment! [Consumer, Global & FX]
Thursday, April 4, 5:55 AM South Korea's Hyundai (HYMLY.OB) and affiliate company Kia (KIMTF.PK) have recalled over 1.7M vehicles in the U.S. from five model years due to a defect that could stop brake lights from illuminating and the cruise control from turning off. The companies are also recalling 160,000 vehicles in South Korea for the stop-lamp problem, while Hyundai is recalling over 186,000 Elantras due to problems with a support bracket in the car's interior. Comment! [Consumer]

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