October 21, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Hyundai Ioniq

    Hyundai shares increase as company announce creating family of Ioniq

    Hyundai Motor stock increased as much as 10.2% on Monday to its highest price since May 2018. The increase follows the automaker’s statement that they would create a family of Ioniq-brand electric vehicles (EVs) as it looks forward to becoming the third-largest EV maker by 2025. In an announcement on Monday, Hyundai announced the elevation […]

    Hyundai
    Hyundai Ioniq

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

    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
    Elliott Management

    Elliott calls on Hyundai to increase returns, review assets

    Hedge fund Elliott on Tuesday renewed pressure on Hyundai Motor, prompting it to return $10.6 billion of capital to shareholders and look forward to sell non-core assets, consisting of costly land it bought in Seoul for new headquarters. The call came after Hyundai posted a drop in third-quarter revenues in late October, hitting its shares […]

    Hyundai
    Hyundai Motor

    Elliott incorrectly rumored to have bought Hyundai Motor stake

    Market reports that U.S. activist hedge fund Elliott Management has obtained a stake in South Korea’s Hyundai Motor are not correct, a person knowledgeable about the matter told Reuters on Tuesday. Hyundai shares increased 8.6 percent on Tuesday after reaching their highest level in 22 months on hopes that the wider Hyundai Motor Group will […]

    Hyundai

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.