Uncertainties linger about its long-standing quality issues, which have invited investigations from US regulators and prosecutors after a whistleblower claimed in 2016 that Hyundai and affiliate Kia Motors should have recalled more vehicles over engines catching fire.
Hyundai Motor’s third-quarter net profit rose 59% to 427 billion won , compared with the average 684 billion profit estimate of analysts based on I/B/E/S Refinitiv data. That also compared with 269 billion won booked in the same period a year earlier when its profit took a dive because of costs related to engine and airbag quality issues.
Its total retail sales fell 3% in the third quarter from a year earlier, with the US sales recovery offset by drops in China and South Korean sales. Hyundai heir Euisun Chung faces challenges in shoring up investor confidence as he prepares a new proposal to revamp the ownership structure of parent Hyundai Motor Group, of which the car maker is the flagship, as part of a succession plan.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Situation tense in Boitumelong - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The situation in Boitumelong township near Bloemhof in the North West remains tense on Wednesday morning.
Source: SABC News Online - 🏆 32. / 51 Read more »
WATCH: Mmusi Maimane addresses media - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.WATCH: Mmusi Maimane addresses media at 3PM via SABCNewsOnline MmusiMaimane My former pres PresJGZuma once said i quote 'iyabhubhudla inkezo' unqote Maka-Resign(e) sizophelelwa lixhala NdizomDVDya Which radio station will broadcast live? I LL BE ON THE ROAD MmusiMaimane
Source: SABC News Online - 🏆 32. / 51 Read more »
UN facing financial crisis - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.UN facing financial crisis The United Nations (UN) is in the midst of a cash crunch and has been forced to implement drastic cost-cutting measures to keep the organisation operational.
Source: SABC News Online - 🏆 32. / 51 Read more »
South Korea warns of 'grave threat' from liquid e-cigarettes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Korea's health minister on Wednesday 'strongly advised' the public to stop using liquid e-cigarettes as growing health concerns fuelled a global backlash against vaping.
Source: SABC News Online - 🏆 32. / 51 Read more »
SCOPA members left fuming after Dlamini-Zuma is a no-show - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Members of the Standing Committee on Public Account (SCOPA) in Parliament were left fuming after Co-operative Governance and Traditional Affairs Minister, Nkosazana Dlamini-Zuma, failed to pitch up for a scheduled meeting. New Dawn They are tired shame,we must put everything on the hands of God. Sophie_Mokoena What the use to hv the ministers in that scopa meeting, they will fall asleep anyway.
Source: SABC News Online - 🏆 32. / 51 Read more »