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Hyundai Motor partners with Shell for global lubricants business
No. 19530-01-20151825 hits
  • Five-year deal secures supply to Hyundai dealerships worldwide
  • Technical collaboration will lead to new powertrain and lubricant developments

 

January 30, 2015 - Hyundai Motor Co., South Korea’s largest automaker, has established a new five-year global business cooperation agreement with Royal Dutch Shell plc, the international energy and petrochemicals business. The agreement, signed on this week means that Shell retains its status as an officially recommended lubricants supplier for Hyundai vehicle worldwide.

The agreement forms part of Hyundai Motor’s efforts to maintain the highest standards of customer satisfaction for its aftersales products and services. As well as safeguarding the supply of superior-quality lubricants to Hyundai dealers, the two companies will collaborate on aftersales-related marketing initiatives.

Shell will also work with Hyundai engineers on developing new lubricant formulations and other technical innovations that meet the needs of Hyundai Motor’s expanding range of vehicles. This activity will support the company’s ongoing efforts to maximize product quality and durability, as well as reduce fuel consumption and emissions.

Tak Uk Im, Executive Vice President and Chief Operating Officer (COO) of Hyundai Motor commented: “This agreement with Shell is broad in scope, supporting the needs of our global aftersales supply chain, as well as giving rise to new technical collaborations and joint marketing initiatives. The common factor in all of these activities is our desire to maximize customer satisfaction in aftersales. Shell will be a leading partner for us as we implement and enhance our aftersales strategy over the coming years, helping to drive the qualitative growth of the international Hyundai business.”

Roger Moulding, Vice President of Shell Global Marketing and Global Key Accounts, said: “This agreement means we will continue to supply and jointly develop high-quality motor oils for Hyundai customers underpinned by Shell’s technology leadership. It allows us to create value for both parties through deeper collaboration - be it in products, aftermarket services, marketing or technology. By leveraging the strengths of the two global brands, we aspire to offer Hyundai customers the best aftermarket care and service experience around the world.”

Hyundai Motor and Shell are also collaborating on the race track. In 2014 Hyundai Motorsport and Shell became technical partners in the FIA World Rally Championships. In fact, in its debut year the Hyundai Shell World Rally Team exceeded the modest targets it had set for the season. The team secured a memorable 1-2 in Rallye Deutschland; scored podiums in three events – Mexico, Poland and Germany; and took 12 stage wins along the way.

Hyundai Motorsport fights to the finish with both cars in Rallye Monte-Carlo
No. 19426-01-20153953 hits
  • Hyundai Motorsport has brought the opening round of the 2015 FIA World Rally Championship to a positive conclusion with both cars finishing the rally in the top six
  • Thierry Neuville and Dani Sordo were involved in a fierce fight for fifth place with Neuville taking the honours on the final stage by 0.8s
  • Hyundai Motorsport has achieved its objectives for this season-opening rally by securing a two-car finish, demonstrating a significant improvement compared to twelve months ago.

 

January 26, 2015 – Hyundai Motorsport has secured a positive two-car finish in this weekend’s Rallye Monte-Carlo, meeting its pre-event objectives for the first event of the 2015 FIA World Rally Championship (WRC).

The Hyundai Shell World Rally Team drivers Thierry Neuville and Dani Sordo have been embroiled in one of the closest battles of the entire rally, as they fought for fifth place right up to the final stage of the rally (SS15 - Col St. Jean-St. Laurent – 10.16km). Just 0.2s separated the team-mates heading into the Power Stage but it was Neuville who eventually took the position by 0.8s.

For Neuville, the result actually represents his first ever finish in Monte-Carlo. The Belgian has made steady improvements over the course of the rally, gaining more and more confidence with each day. Third place in Saturday’s 36.85km Sisteron-Thoard stage led to fourth in the first run of Col St. Jean-St. Laurent and third quickest through the iconic Col de Turini (SS14 – La Bollène Vésubie-Sospel – 31.66km) this morning. A strong final push in the Power Stage secured him a well-deserved top five result in the opening rally of Hyundai Motorsport’s second season in WRC.

Neuville commented: “It feels great to have completed my first Rallye Monte-Carlo. It’s an unbelievable rally, really difficult and it is a real honour to have the opportunity to drive some of these fantastic stages. After the disappointment of last season, we wanted to take things a bit cautiously but I have gained more confidence with each stage and have really enjoyed myself today. It was a really close battle with Dani for the fifth place so I had to push a bit more in today’s stages. To get both cars to the end of the rally is the most important thing and it is a great team result. Hopefully, it is a good foundation for the rest of the season.”

Sordo has been in fight-back mode ever since he lost half a minute of time on the opening stage of the rally on Thursday, putting in some competitive stage times over the weekend. The Spaniard clawed back positions with a determined drive making his way into the top five overall at the end of Saturday. Third place in this morning’s opening stage allowed him to extend his lead over Neuville but the gap was reduced to 0.2s after SS14. He was eventually forced to settle for sixth place at the conclusion of the Power Stage, but it is still a very positive result for Sordo at the start of his second season as a Hyundai Motorsport driver.

Sordo said: “Our target was to reach the end of the rally with both cars, and we have achieved that so it is a good result for the whole team. The battle with Thierry was incredibly close but he was faster in the final two stages, so well done to him. We lost a bit too much time in the Col de Turini stage but sixth place is still a good result. The conditions have been really difficult on all days and we had a lot of ground to make up after losing time in the opening stage. I have tried to push where possible but it has been slippery and at times unpredictable, so we’ve also had to be careful. We have shown some good pace over the weekend and we can start this season in a much more positive way compared to last year.”

The team has adopted a steady and mature approach to this arduous rally, in which icy, slippery and muddy conditions have presented a real challenge to all drivers over all four days. A two car, top six finish shows a marked improvement in Hyundai Motorsport’s performance compared to last year’s Monte-Carlo rally – the team’s WRC debut – in which neither Hyundai i20 WRC made it past the opening day.

Team Principal Michel Nandan said: “I am very pleased to register a two car finish in this year’s Rallye Monte-Carlo and with both cars fighting for the top five. It has been a fantastic effort from Thierry and Dani. The team has performed at a high level throughout the weekend, and we have approached the rally with the correct mentality. The tricky conditions have meant difficult – and often late – strategy calls, particularly with the tyres, and we’ve coped well with these. Both drivers have gained confidence over the four days and we’ve set some decent stage times. We wanted a two car finish and we have achieved that with both cars in the top six, which is a great start to our second season in WRC.”

Overall Classification after Day Four

1. S. Ogier / J. Ingrassia (Volkswagen Polo R WRC) 3:36:40.2
2. J.M Latvala / M. Anttila (Volkswagen Polo R WRC) +58.0
3. A. Mikkelsen / O. Floene (Volkswagen Polo R WRC) +2:12.3
4. M. Østberg / J. Andersson (Citroën DS3 WRC) +2:43.6
5. T. Neuville / N. Gilsoul (Hyundai i20 WRC) +3:12.1
6. D. Sordo / M. Martí (Hyundai i20 WRC) +3:12.9

7. E. Evans / D. Barritt (Ford Fiesta RS WRC) +5.23.7
8. S. Loeb / D. Elena (Citroën DS3 WRC) +8:34.7
9. M. Prokop / J. Tomanek (Ford Fiesta RS WRC) +9:54.8
10. K. Meeke / P. Nagle (Citroën DS3 WRC) +10:55.6

2015 FIA World Rally Championship for Drivers’ Standings
S. Ogier 25 points / J.M. Latvala 19 / A. Mikkelsen 15 / M. Østberg 12 / T. Neuville 10 / D. Sordo 8 / E. Evans 6 / S. Loeb 6 / K. Meeke 4 / M. Prokop 2

2015 FIA World Rally Championship for Manufacturers’ Standings
Volkswagen Motorsport 43 points / Hyundai Motorsport 27 / Citroën Total Abu Dhabi World Rally Team 12 / M-Sport World Rally Team 12 / Jipocar Czech National Team 6 / FWRT SRL 1

All results remain subject to official FIA confirmation

Abraham Cruzvillegas to undertake the first Hyundai Commission
No. 19323-01-20153651 hits
  • Mexican contemporary artist to undertake Hyundai Commission at Tate Modern’s iconic Turbine Hall
  • Hyundai Motor continues non-commercial commitment to the art community

 

Jan. 23, 2015 – Tate Modern and Hyundai Motor today announced that Abraham Cruzvillegas will undertake the inaugural Hyundai Commission for the Turbine Hall. This will be the first in a new series of annual site-specific commissions by renowned international artists, and will open to the public on 13 October 2015.

Abraham Cruzvillegas is a Mexican artist best known for creating sculptural works from local found objects and materials. During the 1990s and 2000s, Cruzvillegas was among the key figures of a new wave of emerging conceptual artists in Mexico.

For the past few years, Cruzvillegas has created a body of work under the title autoconstrucción or ‘self-construction’, a term which usually refers to the way Mexicans of his parents’ generation arriving in the capital from rural areas in the 1960s, built their own houses in stages, improvising with whatever materials they could source. Cruzvillegas associates autoconstrucción with the strong community spirit and the optimism that emerged as these neighbourhoods were built. His approach to sculpture continues the principles of autoconstrucción, recycling locally found objects and improvising ways to build his works. Cruzvillegas is also concerned with how community spirit and hope can be maintained in precarious economic and political conditions. He draws from a history of radical art practices from Soviet avant-garde figures such as Rodchenko and Malevich, to more recent artists such as Jimmie Durham and David Hammons. These ideas and references have led to projects staged in Glasgow, Paris, Oxford, Gwangju, Kassel and many other places.

The Hyundai Commission is a new series of site-specific installations by contemporary artists in Tate Modern’s iconic Turbine Hall. It is made possible by a unique long-term partnership between Tate and Hyundai Motor, confirmed until 2025 as part of the longest initial commitment from a corporate sponsor in Tate’s history.

Since Tate Modern opened in 2000, the Turbine Hall has hosted some of the world’s most memorable and acclaimed works of contemporary art, reaching an audience of millions. The way artists have interpreted this vast industrial space has revolutionized public perceptions of contemporary art in the twenty-first century. The annual Hyundai Commission gives artists an opportunity to create new work for this unique context.

Abraham Cruzvillegas was born in 1968 in Mexico City, where he continues to live and work, and studied at the Universidad Nacional Autónoma de México (UNAM). He is represented in several major museum collections, including Tate and MoMA, New York, and in recent years his work has been exhibited at Haus der Kunst, Munich (2014); Walker Art Center, Minneapolis (2013); Modern Art Oxford (2011) and The New Museum, New York (2011).

Chris Dercon, Director, Tate Modern said: “Over the last decade and a half, artists have surprised, enthralled and challenged Tate Modern’s visitors with evermore ambitious Turbine Hall installations. I am delighted that Abraham Cruzvillegas has accepted the first Hyundai Commission to make a new work for the Turbine Hall. His work reflects Tate’s deep interest in showing truly ground-breaking international art.”

Hyundai Motor said: “The Hyundai Commission signifies a beginning of cross-disciplinary collaboration enabled by the strong partnership and the shared vision to focus on global talents. We are privileged to start the Hyundai Commission and visualize our philosophy to contribute to the global art community.”

Hyundai Motor has also created a strong platform for Korean artists through the “MMCA Hyundai Motor Series”. A decade-long partnership with MMCA (National Museum of Modern and Contemporary Art) in Seoul allows new possibilities for Korean artists featuring exhibition, publication, film and international seminar. Hyundai Motor will continue contributing to the global art scene with the belief that long-term, non-commercial commitment will enable sustainable development of the art community and deliver creative experiences in all areas of the world.

Abraham Cruzvillegas: The Hyundai Commission 2015
Turbine Hall, Tate Modern
13 October 2015 – 20 March 2016 (press view 12 October 2015)
Admission free

The Hyundai Commission: Abraham Cruzvillegas will be curated by Mark Godfrey, Curator, Tate Modern, with Hansi Momodu-Gordon, Assistant Curator, Tate Modern.

Hyundai Motor Announces 2014 Business Results
No. 19222-01-20153753 hits
  • Hyundai Motor sold 4.96 million units worldwide throughout 2014
  • Sales revenue and net profit stand at 89.26 trillion won and 7.65 trillion won, respectively

 

January 22, 2015 – Hyundai Motor Company, South Korea’s largest automaker, today announced its 2014 full-year business results. The company’s sales volume rose with the help of strong sales of new models including the all-new Genesis and Sonata, while profits fell mainly due to unfavorable external factors such as a stronger won.

For the year 2014, sales revenue rose 2.2 percent to 89.26 trillion won (automotive: 72.31 trillion / finance and other: 16.95 trillion) from a year earlier. However, operating profit and net profit fell 9.2 percent and 14.9 percent to 7.55 trillion won and 7.65 trillion won (including non-controlling interest), respectively, despite increased sales growth and improved product mix.

Hyundai Motor sold a total of 4,961,877 units globally (Korea: 683,532 / overseas: 4,278,345), a 4.8 percent increase from a year earlier. In Korea, Hyundai Motor’s sales went up 6.7 percent, and its overseas sales also rose 4.6 percent from the same period a year ago.

In the fourth quarter alone, sales revenue rose 7.5 percent to 23.57 trillion won (automotive: 18.97 trillion / finance and other: 4.60 trillion) with global sales of 1,337,040 units. However, operating profit decreased 7.6 percent to 1.88 trillion won from a year earlier.

Hyundai Motor forecasts that the economic uncertainty surrounding the auto industry is likely to continue this year, based on growing geopolitical risks in emerging markets and slowing demand. Competition in the global auto market is also expected to intensify.

Amid this uncertain business environment, Hyundai Motor will focus on enhancing product competitiveness and customer satisfaction, while the Hyundai Motor Group successfully carries out its large-scale investment plans announced earlier this year.

This year, Hyundai Motor aims to sell 5.05 million vehicles globally (Korea: 690,000 / overseas: 4,360,000). In order to achieve this, it plans to launch a variety of new models to more actively respond to customers’ needs and accelerate its efforts in developing innovative technologies such as eco-friendly vehicles.

Hyundai Motor will continue strengthening its cooperation with suppliers and actively carry out Corporate Social Responsibilities to create more values to customers and stakeholders alike.

Cautionary Statement with Respect to Forward-Looking Statements

In this release and in related comments by Hyundai Motor’s management, our use of the word “expect,” “anticipate,” “project,” “estimate,” “forecast,” “objective,” “plan,” “goal,” “outlook,” “target,” “pursue” and similar expressions is intended to identify forward looking statements.

The financial data discussed herein are presented on a preliminary basis before the audit from Independent Auditor; final data will be included in HMC’s Independent Auditors report. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, actual results may differ materially due to numerous important factors. Such factors include, among others, the following : change in economic conditions, currency exchange rates or political stability; shortages of fuel, labor strikes or work stoppages; market acceptance of the corporation’s new products; significant changes in the competitive environment; changes in laws, regulations and tax rates; and the ability of the corporation to achieve reductions in cost and employment levels to realize production efficiencies and implement capital expenditures at levels and time planned by management.

We do not intend or assume any obligation to update any forward-looking statement, which speaks only as of the date on which it is made.

Hyundai Motor Announces Opening of Hyundai Motorstudio Moscow
No. 19121-01-20153995 hits
  • First overseas Hyundai Motorstudio brand showroom
  • Multi-space experience provides visitors with immersive Hyundai experience

 

January 20, 2015 – Hyundai Motor has officially opened today the Hyundai Motorstudio Moscow, the first new overseas brand space and also Hyundai’s first non-sales showroom in the Russian market. Developed as part of the company’s innovative global Hyundai Motorstudio project, the new facility is located on the prestigious Noviy Arbat street in Russia’s capital city.

Executive Vice President of Hyundai Motor Company, WonHong Cho said in his welcome speech: “Hyundai Motorstudio Moscow is an important initiative for the company as it helps our customers understand what Hyundai Motor stands for, what inspires us and how our cars play an important role in our day-to-day lives. We will create a unique experience that will realize the company’s Modern Premium brand direction.”

The Hyundai Motorstudio Moscow space provides an experience like no other for its visitors. It has five functionally-oriented zones: Event Space, Car Gallery, Brand Collection, Library and Café.

The key design element of the interior space is the gallery, which features a heart-shaped staircase from the first to the second floor, which can also serve as an amphitheater. Two screens on each staircase allow visitors to watch a number of brand films. As a centerpiece to the staircase, an example of Hyundai’s best-selling model in Russia, the Solaris, finished in bright red, will hang from the adjacent wall.

On the first floor of the Hyundai Motorstudio Moscow is the Car Gallery, where visitors can see and learn about the latest innovations from the brand. This zone will also present contemporary art exhibits all inspired by the latest Hyundai design ideas. Visitors with a passion for modern technology can make their ‘dream drive’ come true thanks to the Interactive Car Journey. The system utilizes special screens to create a 180-degree view of the road ahead, as if behind the wheel of their favorite Hyundai.

In addition, brand fans can purchase Hyundai souvenirs, including branded merchandise, die-cast models or items which express the company’s brand direction and aspirations.

Hyundai Motorstudio Library offers visitors a wide collection of different books and magazines to read at their leisure, from glossy lifestyle magazines to unique and specialized automobile books. Gallery guests can choose a publication and read it in the comfort of the Hyundai Motorstudio Café, enjoying a cup of their favorite coffee, soft drink and snacks.

Rigorously-trained consultants, called ‘gurus’, provide customers with information about Hyundai Motor’s history, its models’ design development, as well as show and explain in detail the facility.

Hyundai Motorstudio Moscow is a brand experience center built with exquisite attention to detail, everything from the structure and the interior to its contents. When you step into the studio, the first thing that stands out is the way Hyundai Motor’s story is told. The ongoing engagement of visitors at Hyundai Motorstudio Moscow will allow the company to continue to bring to life the car culture of tomorrow and today.

Hyundai Motorstudio Moscow doors are open for the visitors every day from 10 a.m. to 10 p.m., located on: Noviy Arbat street, 21, Moscow, Russia. More information about Hyundai Motorstudio can be found at: www.motorstudio.hyundai.ru

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