Cars
Despite the slowing global economy in the second half of 2008, Hyundai saw its sales rise 6.8 percent year-over-year to 2,796,370 units. South Korea's largest automaker also saw its sales revenues in the 2008 calendar year rise 5.1 percent to 32.19 trillion won. However, the firm's profitability declined by 13.9 percent to 1.448 trillion won from a year earlier while operating profit also dropped by 3.5 percent to 1.877 trillion won. Hyundai said that the decline was "due to higher marketing, dealer and brand development expenses which are needed to secure future competitiveness."
- Usw Says New Record U.s. Trade Deficit With China Threatens Auto Jobs
In 2011, U.S exports rose by 14.4 percent to a record US$2.1 trillion. That’s the good news. The bad news is that imports also set an all-time high record of US$2.7 trillion, a 13.8 percent increase over 2010. It's really not that hard to...
- Chrysler Group Sales Plunge 48 Percent In April
Whereas FoMoCo and General Motors managed to keep their loses under 35 percent, Chrysler LLC took another plunge in April reporting U.S. sales of just 76,682 units, representing a chilling 48 percent decrease versus 2008. Chrysler said that the April...
- Mercedes Reports 32.1% Drop In U.s. December Sales, Smart Sells 24,622 Fortwos In 2008
December proved to be a poor month for Mercedes-Benz that reported U.S. sales of 18,507 vehicles, a 32.1 percent decrease over the same month last year. The German automaker's total 2008 volume was 225,128 units, an 11.2 percent decline compared to...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Japanese And South Korean Car Sales Plummet In November
Sales of new cars in Japan and South Korea dropped by nearly 30 percent last month, confirming that the downturn in the auto industry is global. According to data provided by the Japan Automobile Dealers Association, November car and truck sales in Japan...
Cars
Hyundai's Global Sales Rise 6.8 Percent in 2008 but Profits Drop
Despite the slowing global economy in the second half of 2008, Hyundai saw its sales rise 6.8 percent year-over-year to 2,796,370 units. South Korea's largest automaker also saw its sales revenues in the 2008 calendar year rise 5.1 percent to 32.19 trillion won. However, the firm's profitability declined by 13.9 percent to 1.448 trillion won from a year earlier while operating profit also dropped by 3.5 percent to 1.877 trillion won. Hyundai said that the decline was "due to higher marketing, dealer and brand development expenses which are needed to secure future competitiveness."- Usw Says New Record U.s. Trade Deficit With China Threatens Auto Jobs
In 2011, U.S exports rose by 14.4 percent to a record US$2.1 trillion. That’s the good news. The bad news is that imports also set an all-time high record of US$2.7 trillion, a 13.8 percent increase over 2010. It's really not that hard to...
- Chrysler Group Sales Plunge 48 Percent In April
Whereas FoMoCo and General Motors managed to keep their loses under 35 percent, Chrysler LLC took another plunge in April reporting U.S. sales of just 76,682 units, representing a chilling 48 percent decrease versus 2008. Chrysler said that the April...
- Mercedes Reports 32.1% Drop In U.s. December Sales, Smart Sells 24,622 Fortwos In 2008
December proved to be a poor month for Mercedes-Benz that reported U.S. sales of 18,507 vehicles, a 32.1 percent decrease over the same month last year. The German automaker's total 2008 volume was 225,128 units, an 11.2 percent decline compared to...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Japanese And South Korean Car Sales Plummet In November
Sales of new cars in Japan and South Korea dropped by nearly 30 percent last month, confirming that the downturn in the auto industry is global. According to data provided by the Japan Automobile Dealers Association, November car and truck sales in Japan...