Hyundai shares increased nearly eight percent after ‘green new deal’

Hyundai Ioniq

Shares of Hyundai Motor increased by almost 8% on Wednesday, a day after South Korea announced a “green new deal” to spur the use of environmental friendly vehicles. Other auto shares gained ground, with sister automaker Kia Motors increasing 4.1% and auto parts supplier Hyundai Mobis increasing 3.3%. Recently, Hyundai Motor Group leader Euisun Chung […]

Hyundai stops work at Korean factory after worker tests positive for coronavirus

Hyundai has closed a factory in South Korea on Friday after an employee tested positive for coronavirus, disrupting production of well-known models such as Palisade sport utility vehicle. Shares of the automaker dropped down over 5% following the news, while the wider market dropped 3.3%. The closing dealt a fresh setback to the automaker, which has […]

Hyundai Merchant Marine creditors agree to $570 million debt-for-equity swap

Hyundai Motor

Creditors of South Korean carrier Hyundai Merchant Marine Co Ltd have actually accepted a 680 billion won ($ 570.27 million) debt-for-equity swap, top lender bank Korea Development Bank stated on Tuesday. Container lines, which transfer everything from bananas to iPhones, are having problem with the confluence of an excess of ships, a failing worldwide economy […]