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Hyundai Motor Reports January 2016 Global Sales
No. 41002-02-20161591 hits
  • Hyundai Motor achieves global sales of 338,035 units in January
  • Sales figures in Korean and overseas markets show a decline by 1.1% and 14.3% YoY, respectively
  • Overseas sales drops due to economic recession in emerging markets such as China, Brazil and Russia


February 2, 2016 – Hyundai Motor, South Korea's largest automaker, reports its domestic and overseas sales results for January 2016.

Sales Results

1. Commercial Vehicles (CV) include LCV, buses and trucks.
2. Hyundai Motor currently has overseas plants in Brazil, China, the Czech Republic, India, Russia, Turkey and the U.S.
3. Domestic Production relate to the vehicles produced in Korea for the overseas markets.

- Global sales in January 2016 totals 338,035 units – a decrease of 12.5% YoY.
- Global sales declines due to slow growth in emerging markets and economic recession in Korea.
- Newly launched G90, the first model of the Genesis brand, reaches sales of 2,164 units in Korea.

Breakdown of Overseas Shipment

* ‘Consignment (EU)’ includes the amount of vehicles produced by Karsan (Turkish commercial vehicles manufacturer) on consignment.

- Economic recovery and the soon to be sold All-new Elantra in the U.S. contribute to the shipment figure rise.
- Czech plant posts a positive shipment figure as All-new Tucson in the European market continues to gain popularity.
- Sales in China market declines due to aging models like Elantra and Verna. However, Hyundai Motor expects sales to increase in the future with new model launches.
- Emerging markets such as Brazil and Russia post sluggish figures due to unfavourable market situations.

All-new Elantra and All-new Tucson win prestigious iF Design Award
No. 40929-01-20161817 hits
  • All-new Elantra and All-new Tucson receive ‘iF Design Award 2016’ in product design category
  • Hyundai Motor models win iF Design Award for 3 consecutive years
  • Hyundai Motor’s evolving design philosophy is realized in refined style elements in All-new Elantra
  • Bold and athletic design creates unique SUV appearance for All-new Tucson


January 29, 2016 – Hyundai Motor received international recognition for its vehicle design from the prestigious iF Design Awards jury. All-new Elantra and All-new Tucson won iF Design Award 2016 in “Product” discipline, under “Automobiles / Vehicles / Bikes” category.

All-new Elantra and All-new Tucson winning prestigious iF Design Award further validate Hyundai Motor’s continuous strive for design and quality excellence, as Hyundai Motor models were selected as Winner of iF Design Award for three consecutive years with Genesis awarded in 2014 and i20 in 2015.

iF Design Award Winner, All-new Elantra fully employs Hyundai Motor’s characteristic design philosophy, which embraces the company’s ‘Modern Premium’ brand direction and is evident in the All-new Elantra’s dynamic and refined form.

With class-defining interior and exterior, All-new Elantra features refined style elements reflecting Hyundai Motor’s evolving design philosophy. This vision incorporates a dynamic precision in exterior design that complements All-new Elantra’s comfortable, contemporary and sporty feel. The large hexagonal grille is paired with slim and sporty headlights for an energetic look, while its clean surfaces build on the active stance of the product.

iF Design Award recognizes the bold and distinctive design of the All-new Tucson – Hyundai Motor’s compact SUV. Its bold and athletic presence has been achieved through refined, flowing surfaces, bold proportions, sharp lines and the brand’s signature hexagonal grille.

The front of All-new Tucson is dominated by the hexagonal grille, which connects with the LED headlamps to create a distinctive identity. The A-pillar positioning and the directional shape of the wheel arches accentuate the car's dynamic appearance, even at a standstill. Inside, new soft-touch, high-quality materials are introduced across the cabin surfaces, creating a refined cabin ambience. The new horizontal layout of the center console conveys the car’s elegance while increasing the feeling of roominess.

For more than 60 years, iF Design Awards have been recognized across the world as a symbol of design excellence. Organized by iF International Forum Design GmbH, the awards recognize outstanding design across various disciplines and categories. The jury awarded the sought-after prize to Hyundai Motor’s All-new Elantra and All-New Tucson following a rigorous judging process, involving almost 5,000 entries from 53 countries.

Philippe Parreno Named as Next Artist for Tate Modern’s Hyundai Commission
No. 40828-01-20161413 hits
  • French artist Philippe Parreno is appointed to lead the Hyundai Commission 2016
  • Hyundai Motor’s contribution to the art community continues as the Hyundai Commission enters its second year


January 28, 2016 – French artist Philippe Parreno has been revealed as the artist who will take on the Hyundai Commission in 2016 for Tate Modern’s Turbine Hall. Hyundai Commission 2016 will be the second in the new series of annual commissions, introducing work by renowned international artists.

With the next Hyundai Commission due to open on October 4, 2016, Parreno’s latest work is eagerly anticipated. A prominent artist of his generation, Parreno works across the fields of film, video, sound, sculpture, performance and information technology, exploring the borders between reality and fiction. He is known for investigating and redefining the gallery-going experience and sees his exhibitions as choreographed spaces that follow a score, during which a series of different events unfold. By creating kaleidoscopic environments, Parreno treats exhibitions as one coherent whole, rather than a series of objects within a space.

Having collaborated with many visual artists as well as musicians, architects, scientists and writers, Parreno continues a tradition as an avant-garde artist engaged with many cultural disciplines. The feature-length film Zidane: A 21st Century Portrait, which he co-directed with Douglas Gordon in 2006, was met with critical acclaim. More recently in 2015, the artist presented the vast installation, H{N)Y P N(Y}OSIS, at Park Avenue Armory, New York, which fused film, light, sound and performance to create a dramatic sensory journey. In 2013, at the Palais de Tokyo, Paris, he was the first artist to fill the entirety of the gallery’s expanded space of 22,000 square metres.

Hyundai Motor said: “The focus of the Hyundai Commission is to create better access to art and its aim is to make a difference in the way we look at and understand the world. We believe passionately that the originality and significance of Philippe Parreno will reshape the Turbine Hall with all-encompassing visual surprises. We are thrilled to see him develop his ideas for the second Hyundai Commission to open in October.”

Philippe Parreno lives and works in Paris. He is represented in several major museum collections, including Tate, London; MoMA, New York; and the Centre Pompidou, Paris. He has participated in multiple Venice Biennales since the early 1990s and in recent years, has exhibited at Hangar Bicocca, Milan (2015); Park Avenue Armory, New York (2015); Palais de Tokyo, Paris (2013); The Garage Centre for Contemporary Culture, Moscow (2013); The Serpentine Gallery, London (2010); and the Centre Pompidou, Paris (2009).

The Hyundai Commission is the pinnacle of an 11-year partnership between Tate and Hyundai Motor. The partnership is part of the longest initial commitment from a corporate sponsor in Tate’s history. Contemporary artists of our time will deliver dramatic experiences to an audience of millions through site-specific installations for Tate Modern’s unique Turbine Hall.

Chris Dercon, Director, Tate Modern said: “We are delighted that Philippe Parreno will be taking on Tate Modern’s Hyundai Commission in 2016. Throughout his career, Parreno has sought to transform how art can work, and his desire to create new immersive experiences makes him the perfect choice for the Turbine Hall. We look forward to seeing how he uses this iconic space when the commission is unveiled in October.”

As a first step in building the partnership with Tate, Hyundai Motor supported the acquisition of nine key works by the South Korean artist Nam June Paik (1932-2006), a figure widely recognized to be the founder of video art. In collaboration with Tate, Hyundai Motor is helping to expand the imaginations of the artists, curators and audiences as international artists take on the challenge of interpreting the unique atmosphere of the Turbine Hall throughout the coming years.

The series began in October 2015 with Abraham Cruzvillegas’ Empty Lot, a vast sculpture consisting of 240 wooden planters filled with over 23 tonnes of soil from parks and gardens across London. Intended to provoke questions about chance, change and hope, the work has come alive with grass, weeds, flowers and other plants, which have emerged from the soil through the winter months. It is on display at Tate Modern until April 3, 2016.

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 revolutionised public perceptions of contemporary art in the twenty-first century.

Hyundai Motor has also initiated partnerships with the National Museum of Modern and Contemporary Art Korea (MMCA) and the Los Angeles County Museum of Art (LACMA). The ‘MMCA Hyundai Motor Series’ offers a decade-long platform along with international forums, archives, and publishing for Korean artists. The second of the series by Ahn Kyu Chul is on view until February 14, 2016 at MMCA Seoul. Hyundai Motor and LACMA’s ‘Art + Technology’ collaboration continues with the Rain Room installation created by London-based artist collective Random International and the comprehensive exhibition by ground breaking artist Diana Thater.

The Hyundai Commission: Philippe Parreno will be curated by Andrea Lissoni, Senior Curator, International Art (Film), Tate Modern with Vassilis Oikonomopoulos, Assistant Curator, Tate Modern.

Hyundai Motor Announces 2015 Business Results
No. 40727-01-20161608 hits
  • Hyundai Motor sold 4.96 million units worldwide throughout 2015
  • Sales revenue and net profit stand at KRW 91.96 trillion and KRW 6.51 trillion, respectively
  • Profits declined mainly due to weak cross currencies, heightened competition in major markets and profit decline from non-auto business


January 26, 2016 – Hyundai Motor Company, South Korea’s largest automaker, today announced its 2015 full-year business results. Sales volume and sales revenue increased while operating profit declined from the same period last year, mainly due to weak cross currencies, increased promotional activities due to heightened competition amongst automakers and profit decline from non-auto business.

* Refer to chart attached for details of 2015 Business Result

Hyundai Motor forecasts that an unfavorable business environment is likely to continue in 2016. Emerging markets including China will continue posting slower growths. Also growing geopolitical risks and low oil price will lengthen economic stagnation, leading to steeper competition amongst automakers.

Nevertheless, Hyundai Motor will continue its efforts in establishing sustainable growth with R&D investment to strengthen state-of-the-art technology development and securing eco-friendly technology leadership.

Hyundai Motor aims to sell 5.01 million vehicles globally (Korea: 693,000 / overseas: 4,317,000) in 2016. It plans to achieve its goal with new model launches like All-new Elantra, Brand-new IONIQ offered in three eco-friendly powertrain (HEV, PHEV, Full-EV) and Hyundai Motor’s luxury brand Genesis G90 (EQ900 in Korea) large luxury sedan in 2016 to major global markets.

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.

New Generation i20 WRC kicks off 2016 WRC season with a podium finish at Rallye Monte-Carlo
No. 40625-01-20161590 hits
  • Hyundai Motorsport has secured a podium finish in Monte-Carlo, the opening round of the 2016 FIA World Rally Championship, with Thierry Neuville finishing in third place
  • The result gives the New Generation i20 WRC a debut podium in its maiden event after a positive rally for Hyundai Motorsport to start the team’s third season in WRC


January 25, 2016 - Hyundai Motorsport has begun its third season in the FIA World Rally Championship (WRC) in style with a fantastic podium finish in the debut event for the New Generation i20 WRC.

Thierry Neuville steered Hyundai Motorsport’s new rally car to third place overall after a competitive weekend from Jan. 22 to Jan. 25. The team had its sights set on securing third place for Thierry Neuville, as well as a top-six result for his Hyundai Shell World Rally team colleague Dani Sordo.

Dani Sordo had secured a trio of second place stage times, scoring points in the Power Stage, finally finishing in sixth place overall. The double top-six finish sees Hyundai Motorsport jointly lead the Manufacturers’ Championship with Volkswagen Motorsport on 25 points apiece.

For Thierry Neuville and co-driver Nicolas Gilsoul, third place in Monte-Carlo – his best result in the rally so far - marks a welcome return to the podium and brings his tally of Hyundai Motorsport podiums to six. Thierry Neuville nursed his car home after experiencing transmission problems in the final stage but made it back to service in Monaco to celebrate the podium result with the Hyundai Motorsport team.

Hyundai Motorsport’s Thierry Neuville commented: “I am very excited and pleased with our podium winning during the weekend. The New Generation i20 WRC has shown its high performance potential and it is good to be back on the podium, particularly after the difficulties we had at the end of last season. To register the first stage wins and now first podium with the new car is a great feeling and this result is for the whole team.”

Hyundai Motorsport entered the opening round of the 2016 Championship with its New Generation i20 WRC targeting an improvement to last year’s result and a fight for the podium. Thierry Neuville’s run to third is therefore a welcome result for the team, even if there’s more to come from the new car.

Overall Final Classification
1. S. Ogier / J. Ingrassia (Volkswagen Polo R WRC) 3:49:53.1
2. A. Mikkelsen / A. Jaeger (Volkswagen Polo R WRC) +1:54.5
3. T. Neuville / N. Gilsoul (Hyundai New Generation i20 WRC) +3:17.9
4. M. Østberg / O. Floene (Ford Fiesta RS WRC) +4:47.7
5. S. Lefebvre / G. Moreau (Citroën DS3 WRC) +7:35.6
6. D. Sordo / M. Martí (Hyundai New Generation i20 WRC) +10:35.5
7. O. Tanak / R. Molder (Ford Fiesta RS WRC) +11:39.9
8. E. Evans / C. Parry (Ford Fiesta R5) +18:30.8
9. E. Lappi / J. Ferm (Škoda Fabia R5) +20:41.0
10. A. Kremer / P. Winklhofer (Škoda Fabia R5) +20:43.9
25. H. Paddon / J. Kennard (Hyundai i20 WRC) +47:05.7

2016 FIA World Rally Championship for Manufacturers’ Standings

Hyundai Motorsport 25 points / Volkswagen Motorsport 25 / Volkswagen Motorsport II 18 / M-Sport World Rally Team 12 / DMACK World Rally Team 8 / Hyundai Motorsport N 6

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