News: Hyundai Motor Co (005380.KS)

005380.KS on Korea Stock Exchange

195,000.00KRW
19 Sep 2014
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₩-3,000.00 (-1.52%)
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₩198,000.00
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Exclusive: Hyundai directors kept in dark on size of $10 billion land bid - sources

SEOUL - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.

Fitch: Land Purchase by Hyundai Motor, Kia to Have Limited Rating Impact

(The following statement was released by the rating agency) SEOUL, September 19 (Fitch) Hyundai Motor Group's planned KRW10.55trn (USD10.1bn) acquisition of land in Seoul for its headquarters is likely to have only a limited impact on the ratings of Hyundai Motor Company (HMC; BBB+/Stable) and Kia Motors Corporation (Kia; BBB+/Stable), Fitch Ratings says. Fitch believe HMC and Kia's credit profiles will remain in line with their current rating levels after the acquisition even though the gr

UPDATE 3-Hyundai Motor's record $10 bln bid for trophy property alarms investors

* Group's main units grappling with slowing profit (Adds details, updates share prices)

S.Korean shares dragged down by Hyundai; won falls on U.S. rate view

* Hyundai Motor shares battered after $10 bln land bid * Won lower as dollar broadly up on Fed rate projections By Joonhee Yu SEOUL, Sept 18 - South Korean shares fell on Thursday, pressured by sharp declines in Hyundai Motor and the group's affiliated units after the automaker won a bid for a pricey land plot in Seoul. A consortium of Hyundai Motor Co, Kia Motors and Hyundai Mobis Co placed a 10.55 trillion won ($10.14 billion) winning bid for a land plot occupied b

Hyundai Motor to build two new plants in China instead of one: sources

SEOUL/SHANGHAI - South Korean automaker Hyundai Motor Co plans to build two new factories in China instead of one, two people familiar with the matter told Reuters on Tuesday.

Hyundai Motor to build two new plants in China instead of one -sources

SEOUL/SHANGHAI, Sept 16 - South Korean automaker Hyundai Motor Co plans to build two new factories in China instead of one, two people familiar with the matter told Reuters on Tuesday.

Fitch Affirms Hyundai Motor and Kia at 'BBB+'; Outlook Stable

(The following statement was released by the rating agency) SEOUL/SINGAPORE, September 12 (Fitch) Fitch Ratings has affirmed South Korea-based Hyundai Motor Company's (HMC) and its subsidiary Kia Motors Corporation's (Kia) Long-Term Foreign Currency Issuer Default Ratings (IDR) at 'BBB+'. Fitch has also affirmed the companies' senior unsecured ratings at 'BBB+' and their Short-Term Foreign Currency IDRs at 'F2'. The Outlooks on the Long-term IDRs are Stable. HMC's and Kia's ratings and Stab

UPDATE 4-South Korea's Kia to build new vehicle assembly plant in Mexico

MEXICO CITY, Aug 27 - South Korean automaker Kia Motors Corp has earmarked $1 billion to build a vehicle assembly plant in Mexico, and President Enrique Pena Nieto said on Wednesday he expects the plant will spur investments by suppliers of another $1.5 billion.

South Korea's Kia to build vehicle assembly plant in Mexico

MEXICO CITY - South Korean automaker Kia Motors Corp has earmarked $1 billion to build a vehicle assembly plant in Mexico, and President Enrique Pena Nieto said on Wednesday he expects the plant will spur investments by suppliers of another $1.5 billion.

Hyundai Motor's S.Korean union to stage partial strike on Friday

SEOUL, Aug 21 - Hyundai Motor's South Korean workers plan to stage a strike for four hours on Friday as wage talks with the automaker make little progress, a union spokesman said on Thursday.

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