Hyundai Motor Company (HYMTF)
- Reuters
Aptiv to lower equity interest in joint venture with Hyundai
Aptiv Plc will reduce equity interest in its self-driving joint venture, Motional, with Hyundai Motor, the auto parts supplier said on Thursday. Under the agreement, Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding. The transactions are expected reduce Aptiv's common equity interest from 50% as of March 31, 2024 to about 15%.
- PR Newswire
Hyundai Motor America Reports April 2024 Sales
Hyundai Motor America reported total April sales of 68,603 units, a 3% decrease compared with April 2023. There were two fewer selling days in April 2024. Hyundai set total sales records in April for Elantra HEV (+3%), IONIQ 5 (+59%), IONIQ 6 (+41%), Tucson HEV (+44%), Santa Fe HEV (+12%) and Palisade (+31%). Hyundai's electrified (hybrid, plug-in hybrid and electric vehicle) sales grew 26% while battery electric sales grew 31%.
- Bloomberg
South Korea’s Export Growth Picks Up, Led by Record US Demand
(Bloomberg) -- South Korea’s export growth accelerated last month, led by record demand from the US fed by strong economic momentum as China struggles to recover from a domestic slump.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLAFed to Signal Delay of Interest-Rate CutsLilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Biggest Cloud Sales Growth in Year on AI DemandShipments th
