Ford to make four-door compact car in India as US automaker targets fast-growing AsiaSeptember 23rd, 2009 Ford to make low cost compact car in IndiaNEW DELHI — Ford Motor Co. unveiled a made-in-India compact car and flagged expanded production in China as it seeks to boost sales in Asia, a region the U.S.
Ford to make low-cost compact car in India as US automaker targets fast-growing AsiaSeptember 23rd, 2009 Ford to make low-cost compact car in IndiaNEW DELHI — Ford Motor Co. will manufacture a low-cost compact car in India from early next year, the automaker said Wednesday, as it seeks to boost sales in fast-growing Asia.
Nissan NA plans to export engines from US to Japan for first time to install in Infinity SUVsSeptember 17th, 2009 Nissan NA to export engines to JapanDECHERD, Tenn. — Nissan is planning to export engines from the United States to Japan for the first time.
Hyundai sales surge 54 percent in JulyAugust 3rd, 2009 NEW DELHI - Passenger car major Hyundai Motor India Monday said its domestic sales jumped 54 percent to 23,193 units last month as against 15,066 units in July 2008. The company reported 6 percent rise in exports in July to 22,350 units from 21,086 vehicles in the year-ago period.
Production hit at Hyundai plant as workers strikeJuly 25th, 2009 CHENNAI - Production has been hit at Hyundai Motor India's two plants near here as a workers' strike entered the third day Saturday. Around 1,000 workers, belonging to the Hyundai Motor India Employees Union (HMIEU), struck work Thursday evening protesting against a wage agreement signed between the management and the Workers' Committee.
Hyundai Heavy Industries says 2nd-quarter net profit tumbles 40 percentJuly 24th, 2009 Hyundai Heavy Q2 net profit tumbles 40 percentSEOUL, South Korea — Hyundai Heavy Industries Co., the world's largest shipbuilder, said Friday that second-quarter net profit tumbled 40 percent amid foreign exchange-related losses and weak earnings at subsidiaries. Hyundai Heavy said in a regulatory filing it earned 393 billion won ($315 million) in the three months ended June 30, down from net profit of 655.20 billion won a year earlier.
Hyundai Motor raises wages of factory workersJuly 23rd, 2009 CHENNAI - The country's second largest car maker Hyundai Motor India Thursday announced 21-24 percent wage hike for workers at its plant near here. The three-year wage agreement is effective from April 1 this year, the company said.
Hyundai domestic sales down 4.1 percent, exports upJune 1st, 2009 NEW DELHI - Hyundai Motors, the country's second largest passenger car maker, Monday registered a 4.1 percent decline in domestic sales in May even as its exports jumped 27.8 percent during the month. Hyundai sold 23,503 units last month in the domestic market as against 24,510 vehicles in May last year.
Hyundai decides to shift production of i20 to EuropeMay 8th, 2009 SEOUL - The Hyundai Motor India has reportedly decided to shift the production of one of its premium models 'i20' to Europe. "Hyundai Motor is considering moving production of the i20 to Europe because about 90 per cent of them are being shipped there," company sources said.
Hyundai domestic sales up 3.4 percentMay 1st, 2009 NEW DELHI - Hyundai Motor India, the second largest car manufacturer in the country, recorded a 3.4 percent growth in its domestic sales for April 2009 at 22,247 units against 21,510 sold the same month last year. 'As compared to last year we saw a modest growth in April.
Hyundai hikes prices of three modelsFebruary 12th, 2009 NEW DELHI - Auto major Hyundai Motor India Friday hiked prices of three models - Santro, i10 and Accent - by up to Rs.14,600 on the back of rising input costs. Hyundai managing director Heung Soo Lheem had said in December last year that a price hike was imminent because of rising input costs.
Hyundai posts robust growth in December despite slowdownJanuary 1st, 2009 NEW DELHI - Hyundai Motors registered an overall growth of 55.7 percent in December in terms of units sold, including both domestic and export volumes, the company said in a statement Friday. The company sold 38,402 units last month as against 24,464 units in December 2007.
'Tea export to Pakistan remains steady despite strained ties'December 31st, 2008 KOLKATA - Undeterred by the recent strained relationship with Pakistan, the Tea Board of India expects to export 11,000 tonnes of tea to that country this year, a top official said here Thursday. 'We expect that the export to Pakistan will be decent this fiscal.
Hyundai says sales down, urges government to do moreDecember 28th, 2008 NEW DELHI - Hyundai Motors India Ltd, the country's second largest car maker, Monday said the slowing domestic demand, fall in exports and increasing input costs have crippled sales this year, and urged the government 'to do more' to save the auto industry. The company has received orders for 9,000 units for January, well below the expected 25,000, while the orders for February and March stand at 11,000 and 4,000 units respectively.
Hyundai rolls out new compact car i20December 28th, 2008 NEW DELHI - Auto major Hyundai Motors India Monday here launched its new hatchback 'i20' in the premium compact segment. The car is Hyundai's second venture in the premium compact segment, which the company managing director Heung Soo Lheem has described as the 'high growth segment' for the coming years.
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