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July 25, 2013 – Hyundai Motor Company today announced 2013 first half earning results. Despite various unfavorable internal and external factors, the company’s continuing sales growth in the overseas markets led to a 5.8 percent increase in sales revenue, compared to the same period last year.
For the first six months of 2013, sales revenue rose 5.8 percent to 44.55 trillion won (auto: 36.72 trillion / finance and others: 7.83 trillion) from a year earlier, thanks to strong sales outside Korea. However, operating profit and net profit fell 7.7 percent and 7.8 percent to 4.28 trillion won and 4.61 trillion won (including non-controlling interest), respectively, mainly because of the lower operation rate at its Korean plants and one-time provisions occurred during the first quarter.
Hyundai Motor sold 2,390,919 units globally (Korea: 325,518 / overseas: 2,065,401) during the first half of this year, a 9.5 percent increase from a year earlier. In Korea, Hyundai Motor’s sales fell 0.7 percent from the same period a year ago, affected by weak demand and growing sales of imported brands. On the other hand, its overseas sales rose 11.4 percent to 2,065,401 units, more than offsetting the decline in the domestic market.
In the second quarter alone, sales revenue increased 5.7 percent to 23.18 trillion won with global sales of 1,219,115 units. However, both operating profit and net profit decreased 5.2 percent and 1.0% to 2.40 trillion won and 2.52 trillion won from a year earlier.
Hyundai Motor forecasts that uncertainties surrounding the global auto industry will remain for the second half. In particular, major auto markets, including some emerging markets, will keep posting slower growth amid fiercer competition and tougher government policies.
Nevertheless, Hyundai Motor plans to continue its efforts to strengthen fundamentals through qualitative growth for different regions. To do so, Hyundai Motor plans to launch strategic models, reinforce sales and service networks, as well as carry out aggressive marketing activities.
The company will also strengthen its eco-friendly car line up, including electric vehicles, hybrid cars, fuel cell electric vehicles as well as conventional vehicles with high fuel efficiency and low emissions, establishing solid ground for growth.
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.
July 19, 2013 – Hyundai Motor Company, South Korea’s largest automaker, is taking its traffic safety campaign for children global, extending its hugely successful corporate social responsibility project to countries outside its home market.
Banking on the popularity of the animation character Robocar Poli, which Hyundai Motor developed together with Korean companies ROI Visual and EBS, the automaker will initially launch the 24-week animation series in China this year through an agreement with state-run CCTV (China Central Television). This will be followed by similar launches in Russia, Brazil and India by 2014.
“We want to be a responsible, lifetime partner in automobiles,” Vice Chairman Yeo-Chul Yoon said at a signing ceremony with CCTV in Seoul. “We are taking a bigger initiative to advocate a safer driving environment for our children worldwide.”
‘Traffic Safety Stories with Robocar Poli,’ part of the company’s `Safe Move’ CSR activities, is aimed at providing traffic safety education to children in an easy-to-learn and engaging way. The animation and relevant online, offline programs have not only gained massive popularity, but also achieved its educational purposes effectively since its launch in 2010. Based on this success, Hyundai confidently decided to extend the campaign for children in other countries.
Hyundai Motor, South Korea’s biggest and most active supporter of traffic safety for children, has been operating a variety of CSR activities under the four major themes of ‘Easy Move’, ‘Safe Move’, ‘Green Move’ and ‘Happy Move.’
More information on the animation can be found at http://poli.hyundai.com and YouTube.
July 18, 2013 – Emission-free hydrogen powered vehicles will soon be operating in London. It is the intention that five Hyundai Motor ix35 Fuel Cell models – the first production fuel cell cars in the world – will be an integral part of the London Hydrogen Network Expansion (LNHE) project.
Hyundai Motor, as a supplier to the LHNE project, will join the existing consortium of companies with expertise in hydrogen transport infrastructure and operation, working to establish the UK’s first hydrogen transport network covering London and south east England. The LHNE project, a government-backed initiative co-funded by the Technology Strategy Board, will put hydrogen-fuelled vehicles into daily business use and deliver the refuelling infrastructure to support their operation.
These fuel cell vehicles will be leased to key public and private fleet users in the capital. They are among the first of 1,000 examples that Hyundai Motor has committed to produce between now and 2015 and are built on the same production line, in Ulsan, Korea, as the Tucson.
The majority of those 1,000 cars will be available in Europe where the European Commission has established a number of schemes, such as the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), to promote the use of hydrogen as an energy carrier with zero carbon content.
With various hydrogen projects concentrating on establishing hydrogen infrastructure in Europe, the timing is right for hydrogen-powered vehicles to accelerate the project.
World’s first mass produced Fuel Cell vehicleAs the first car company in the world to assembly line-produce fuel cell vehicles, Hyundai Motor has enabled not just the real start of Europe’s Hydrogen Roadmap but also accelerated London’s plans to become one of the major hydrogen capitals of the world.
For Hyundai Motor, the philosophy behind the ix35 Fuel Cell project has been to produce a car that offers the same practicality, safety levels and driving experience as an ix35 driven by an internal combustion engine, but with zero tailpipe emissions. That means comparable performance – 100mph maximum, 0-62mph in 12.5 seconds and a range of almost 370 miles from each tank – but with no emissions: the only emission is water.
Quick and easy refuellingJust as importantly, a Fuel Cell vehicle can be refilled in two to three minutes and, in use, an ix35 Fuel Cell demands no compromise from the driver.
Although Hyundai Motor has been developing its Fuel Cell vehicles for more than 15 years, it is only now - with the start of a viable hydrogen refuelling network in place - that it can consider putting a fuel cell car into series production.
So after a number of ‘false dawns’ for hydrogen-powered cars, this time the Fuel Cell vehicle has a genuine, clear and realistic future here in the UK. Much of this is down to the work of the London Hydrogen Partnership and that of other projects such as the London Hydrogen Network Expansion project which is led by Air Products.
With these key partners working together, hydrogen mobility is about to become a reality. Two hydrogen fuel stations are already open in the Capital – one of which has public access – with a third to come as part of the London Hydrogen Network Expansion (LHNE) project.
Ten-fold increase in Fuel Cell vehicles by 2015A further three fuelling stations are planned by 2015, by which time it is expected that the number of fuel cell vehicles in London will have risen ten-fold from the initial five to at least 50 or more including passenger cars, buses and scooters.
Kit Malthouse, London Deputy Mayor for Business and Enterprise and Chairman of the London Hydrogen Partnership, said: “The work of the London Hydrogen Partnership and other projects has really catapulted London towards the forefront of the move to a hydrogen future.
“Battery electric vehicles are a great technology but like the fax machine they are only temporary and there is a great deal of consumer resistance towards them for all manner of reasons, including range and the time it takes to recharge them.
“Even though we have around 1,300 charging points in the capital you cannot guarantee getting a space outside your house to charge overnight: London is just too densely populated.”
Hydrogen from renewables“For me, hydrogen cracks all those problems and it also solves other issues along the way such as making best use of wind energy, for example. We also produce a huge amount of waste and we are looking at schemes that convert biomass into hydrogen. So as well as producing a clean fuel we would be reducing the amount of waste we put into landfill.
“These are early days, but I am tremendously excited by the prospects of London’s hydrogen future. Hyundai Motor is providing invaluable insights and bringing global experience to the Mayor’s innovative low carbon, low emission transport activities.”
Tony Whitehorn, President and CEO of Hyundai Motor UK, said: “Hydrogen delivers considerable environmental benefits and we are looking forward to working closely with the other partners to drive forward its widespread introduction.”
The London Hydrogen Partnership has initiated more than £50 million worth of hydrogen projects already. Its partners have been involved in the implementation of the two existing refuelling stations, the operation of five fuel cell London buses which joined the Transport for London fleet in 2011, with another three to join in 2013, as well as a fleet of hydrogen iconic London taxis, fuelled by hydrogen.
July 16, 2013 – Hyundai Motorsport has today announced that French rally ace Bryan Bouffier has joined the team as part of its test driver line-up for 2013. The news comes just one week after confirmation that Finnish driver Juho Hänninen is contributing to Hyundai Motorsport’s development program with the new i20 WRC this year.
Bryan Bouffier, a three-time Polish Rally Champion, was crowned French Rally Champion in 2010. He also won the iconic Rallye Monte-Carlo, the Intercontinental Rally Championship, in 2011 and more recently dominated the legendary European Rally Championship, Tour de Corse. His vast experience as a test driver and expert analysis skills will be essential to help grow the team and to further assess and develop the i20 WRC.
While Juho Hänninen drove the i20 WRC for the first time back in May, Bryan Bouffier had his own taste of the car today. Both drivers will be Hyundai Motorsport’s main test drivers for 2013, along with a number of other drivers who will support them during the rest of the year. Hyundai Motorsport aims to derive the full benefits from the wealth of different rally experiences that each driver brings in order to make the i20 WRC the most complete package possible.
Hyundai Motorsport Team Principal Michel Nandan commented: “I’m happy to have Bryan on board. He adopts a very professional driving style and can give detailed technical feedback as well as being a very consistent driver, which are all very important attributes for a test driver. Together with Juho’s experience of WRC events and his speed on all terrains, I am sure we have a strong and well-rounded line-up for our testing program.”
Bryan Bouffier said: “I’m pleased to be joining Hyundai Motorsport’s test program and to be part of the team for this year. It’s true that there is a lot of work to do but the team is in place and the facilities are impressive, so we have good foundations to build upon. This is an exciting program and I’m sure the summer time will be very busy and hopefully just as productive.”
July 8, 2013 – Hyundai Motorsport has today announced Finnish driver Juho Hänninenas one of the team’s test drivers for 2013, ending weeks of speculation over the mystery man behind the wheel of the Hyundai i20 WRC in May.
Hyundai Motorsport has been building up its new operation from scratch since the start of the year, establishing the team at a dedicated facility in Alzenau, Germany and recruiting specialists at every level of its organisation.
Test drivers are an integral part of the team’s development programme, requiring the necessary skills and experience to develop a competitive andreliable rally car in a short space of time.
Six months ahead of the debut at Rallye Monte-Carlo in January 2014, Hyundai Motorsport is in the process of carrying out an intensive test programme to evaluate and develop the i20 WRC on all terrains and conditions.
Hänninen won the Intercontinental Rally Challenge in 2010followed by the FIA Super 2000 World Rally Championship and the FIA European Rally Championship titles in 2011 and 2012 respectively. He will be a valuable asset for the team to prepare the assault to the 2014 FIA World Rally Championship.
Hyundai Motorsport will soon be in a position to announce a second test driver for the remainder of the 2013 test phase. 2014 drivers will be announcedat the end of the year.
Hyundai Motorsport Team Principal Michel Nandan commented: “We’re very pleased to welcome Juho on board for our 2013 test programme. I’m sure his experience and background will contribute to the project and I’m happy with the job he’s done so far.
We have decided to work with different drivers with unique skills and capabilities this year, which will provide us with valuable feedback for 2014.
Hänninen said: “I’m delighted to be part of the Hyundai Motorsport testing programme for this year. It’s a fantastic opportunity to work closely to a manufacturer and to give my contribution to this great challenge.
The first run with the i20 WRC was quite positive for me; I’m very impressed with the work the team has done so far in such an incredibly short space of time. I feel comfortable with everyone in the team and I look forward to carry on working with them in the next six months.”
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