HYUNDAI MOTOR ANNOUNCES 2016 1Q BUSINESS RESULTS

Posted on 04. Dec, 2016 by in Hyundai Canada

April 26, 2016 – Hyundai Motor Company, South Korea’s largest automaker, currently announced a 2016 1Q business results. Sales volume and handling distinction decreased while sales income augmenting from a same duration final year, especially due to negligence plant operations that augmenting bound costs ratios, and diseased cranky currencies opposite KRW in rising markets such as Russia and Brazil.

Forecast
Hyundai Motor forecasts sales boost in 2Q notwithstanding indolent economy in rising markets such as Russia and Brazil as markets including a U.S. and China will post clever sales with a All-new Elantra and SUV models.

In addition, Hyundai Motor will continue a efforts in substantiating tolerable expansion with RD investment to rise unconstrained pushing record and connected-car growth as good as securing eco-friendly record leadership.Hyundai Motor aims to sell a sum of 5.01 million vehicles globally (Korea: 693,000 / overseas: 4,317,000) in 2016. It skeleton to grasp a idea with SUVs including Creta and Tucson and new models like All-new Elantra. In addition, Hyundai Motor will serve rise state-of-the-art technologies within new models such as a IONIQ that is offering in 3 eco-friendly powertrain (HEV, PHEV, EV) and oppulance code GENESIS G90 vast oppulance sedan.

Hyundai Motor will continue strengthening a team-work with suppliers and actively lift out Corporate Social Responsibilities to emanate some-more values to business and stakeholders alike. Hyundai Motor also strives to build a some-more shareholder-friendly sourroundings by augmenting clarity and shareholder earnings by substantiating corporate governance charter.

Cautionary Statement with Respect to Forward-Looking Statements
In this recover and in associated comments by Hyundai Motor’s management, a use of a word “expect,” “anticipate,” “project,” “estimate,” “forecast,” “objective,” “plan,” “goal,” “outlook,” “target,” “pursue” and identical expressions is dictated to brand brazen looking statements. 

The financial information discussed herein are presented on a rough basement before a review from Independent Auditor; final information will be enclosed in HMC’s Independent Auditors report. While these statements paint a stream visualisation on what a destiny might hold, and we trust these judgments are reasonable, tangible formula might differ materially due to countless critical factors. Such factors include, among others, a following : change in mercantile conditions, banking sell rates or domestic stability; shortages of fuel, labor strikes or work stoppages; marketplace acceptance of a corporation’s new products; poignant changes in a rival environment; changes in laws, regulations and taxation rates; and a ability of a house to grasp reductions in cost and practice levels to comprehend prolongation efficiencies and exercise collateral expenditures during levels and time designed by management. 

We do not intend or assume any requirement to refurbish any forward-looking statement, that speaks usually as of a date on that it is made.

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