Hyundai

Named Best Luxury Full-Sized Car

Kuwait - Muslimchronicle

Hyundai Motor Company’s new flagship model, the New 2014 Centennial has been named Best Luxury Full-Sized Car of 2013 by top Middle East motoring magazine, Automobile. Vice President and Head of Hyundai’s Middle East regional Headquarters, Tom Lee was presented with the award by Mr.Ibrahim Fakhri, General Manager and Editor-In-Chief of Automobile magazine. Mr Lee commented, “Receiving this award justRead more

Hyundai Motor posts 48 pct drop in Q2 net profit

Seoul - Muslimchronicle

South Korea's top automaker Hyundai Motor Wednesday posted a 48 percent drop in second-quarter net profit as China retaliated against South Korean exporters over a new US missile defence system. Hyundai reported net profit of 913.6 billion won ($814 million) in April-June, down from 1.764 trillion won a year earlier. "Hammered by fallouts from THAAD, net profit has decreased," theRead more

Hyundai reveals dramatic changes in Sonata facelift

Dubai - Arab Today

Hyundai Motor Company has revealed the first teaser images of the new Sonata, due to arrive on global markets during 2018, with the carmaker planning to give its mid-size sedan a “dramatic design change”. New sheet-metal and trim details will bring the current-generation Sonata, launched in 2015, into line with the Hyundai’s evolving design language, which is progressively introducing more sophisticatedRead more

Hyundai reveals dramatic changes in Sonata facelift

Dubai - Arab Today

Prosecutors to question South Korean president over political scandal

Seoul - Arab today

South Korean prosecutors will question President Park Geun-hye over a political corruption scandal engulfing her presidency, an official said on Sunday, the first time a sitting president will be questioned by prosecutors over a criminal case. Hundreds of thousands marched in the capital Seoul on Saturday demanding Park resign. Many protesters said Park, whose public support has dropped to theRead more

Hyundai to debut all-new 2018 Accent

Dubai - Arab Today

Hyundai Motor Company will host the world premiere of the All-new 2018 Accent subcompact today (February 16), at the Canadian International Auto Show in Toronto. Hyundai has released a teaser image and video ahead of the car’s public unveiling, suggesting a fresh, confident interpretation of the brand’s signature design language. The new car features the cascading grille, a visual signatureRead more

All-new Hyundai i30 wins top design award

Seoul - Arab Today

Hyundai Motor has won its fourth consecutive iF Design Award for the all-new Hyundai i30. Acknowledging the brand’s commitment to design and quality excellence, the all-new i30 was named winner of the ‘Automobile Product’ category. The awards are among the world’s most prestigious international design prizes, presented each year by iF International Forum Design in Germany. The global recognition followsRead more

Hyundai Motor’s profit tumbles 39% on weak car sales

SEOUL - Arab Today

Hyundai Motor Co. reported Wednesday a 39 per cent drop in its fourth-quarter income to the lowest level in seven years, hit by weak demand in South Korea and the United States and higher costs from strikes and sales incentives. The South Korean automaker said its October-December net profit was 1 trillion won (Dh3.16 billion; $859 million), compared with 1.6Read more

Hyundai says Q4 profits tumbled 30% on prolonged strikes

Seoul - AFP

South Korea's biggest automaker Hyundai Motor reported a 30 percent drop in fourth-quarter profits on Wednesday, hit by lengthy industrial strikes and slumping sales in key emerging markets. In a statement, Hyundai said it posted 1.07 trillion won (US$918.5 million) in net profits during the October to December period, its 12th consecutive quarter of profit downturn. "Prolonged production stoppages increasedRead more

Nissan Sunny tops car sales in Egypt during 2016

Cairo - Arab Today

Nissan Sunny has occupied the first place among the most selling car in 2016, overcoming the korean-origin Hyundai Verna, with sales of 11,200 cars in the first 11 months of the year, while Verna dropped to second place with sales of 10,900 cars. The imported Hyundai Tucson came in third with sales of 7,334 units worth EGP 2.9bn. Mitsubishi LancerRead more