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X @Bloomberg
Bloomberg· 2025-11-26 13:12
Volkswagen is reviving its rugged Scout line of SUVs and pickup trucks — originally conceived as pure electric vehicles — as a brand of primarily gasoline-electric hybrids https://t.co/RZ6m5Yxxxv ...
Hyundai, Hyundai Hope on Wheels, and Temecula Hyundai Support Community Health Initiatives at Grand Re-Opening
Prnewswire· 2025-11-11 16:04
(left to right) Bob Nouri, owner, Temecula Hyundai, Michael Orange, vice president, national sales, Hyundai Motor America, Brad Cannon, general manager, Temecula Hyundai, Chad Filiault, general manager, western region, Hyundai Motor America, Esther Phahla, president, Rotary Club of Temecula, Rajesh Gupta, senior group manager, western region, Hyundai Motor America, Brandon Ramirez, director, corporate social responsibility, Hyundai Motor North America at Temecula Hyundai in Temecula, Calif. on Nov. 4, 2025 ...
Hyundai, Hyundai Hope on Wheels, and South Point Hyundai Support Children's Health Initiatives in Central Texas
Prnewswire· 2025-11-07 16:35
Accessibility StatementSkip Navigation AUSTIN, Texas, Nov. 7, 2025 /PRNewswire/ -- Hyundai Motor America, in partnership with Hyundai Hope on Wheels and South Point Hyundai, reaffirmed its commitment to children's health in Austin through two impactful donations. A $20,000 donation to the Central Texas Food Bank (CTFB) will help expand hunger relief programs for local families, while a $20,000 donation to Dell Children's Medical Center of Central Texas will strengthen pediatric cancer care and support servi ...
Nissan CEO: Nexperia chip restrictions are hitting production
Youtube· 2025-11-07 07:38
Core Insights - The company is on track to achieve its cost reduction targets, having reduced fixed costs by over 80 billion yen in the first half of the year and aiming for a total of 150 billion yen by the end of the fiscal year [1] - The company has generated over 4,500 cost reduction ideas, leading to a visibility of around 200 billion yen, up from 75 billion yen in May and 150 billion yen in July [2] - The company faces supply constraints, particularly with Nexperia chips and aluminum supply in the US, prompting a placeholder provision of 25 billion yen to absorb potential impacts [6][7] Cost Reduction Efforts - Fixed cost reductions are progressing well, with a target of 250 billion yen for the next fiscal year [1] - The variable cost reduction initiatives have shown consistent growth, indicating effective management and innovation within the company [2] Supply Chain Challenges - The company is currently navigating supply chain issues due to geopolitical tensions and specific supplier constraints, which could impact production [4][5] - The situation regarding chip supply is fluid, and the company is closely monitoring developments to adjust production as necessary [7] Geopolitical Implications - The company benefits from a global footprint, allowing it to maintain flexibility in response to geopolitical challenges affecting the automotive sector [9][10] - Ongoing restructuring efforts are aimed at preserving this flexibility, which is crucial for stability in a rapidly changing environment [10]
Wedding season boom set to drive Q3FY26 growth after festive spending spree
The Economic Times· 2025-11-07 00:00
Economic Growth and Consumer Demand - The economy is expected to grow at about 7% in the second quarter, supported by a spending surge following the implementation of lower GST rates on September 22 [2][10] - The third quarter is anticipated to be driven by consumer demand, particularly due to the festive and wedding season, with wedding-related expenditures estimated at ₹4.5-5 lakh crore [10][12] - Urban consumption has shown signs of recovery due to tax cuts, although it has been weak since last year [10][12] GST Impact and Economic Indicators - GST collections rose 4.6% year-on-year in October, reaching a five-month high of ₹1.96 lakh crore, indicating robust domestic demand [6][12] - The HSBC Manufacturing Purchasing Managers' Index (PMI) increased to 59.2 in October, reflecting strong domestic demand post-GST cuts [6][12] - Bank credit rose 11.5% year-on-year in mid-October, suggesting strong traction at the start of the festive season [12] Automotive and Consumer Durables Market - Approximately 470,000 cars, sedans, and SUVs were sold in October, marking a 17% increase from the previous year [7][12] - The waiting period for consumer durables has increased due to heightened demand, with estimates suggesting it may take 45 days for supply to normalize [7][12] Rural vs Urban Demand - Rural demand continues to support India's growth, with economists optimistic about its sustainability [9][12] - Urban demand remains a concern due to slower wage growth, which could impact overall consumption momentum [9][10] Global Economic Factors - US tariffs and a global growth slowdown may negatively affect services exports and hiring [11] - However, uncertainties related to tariffs and rising costs abroad could potentially benefit India's services sector through increased offshoring [11]
Hyundai’s profit falls 20% in Q3 on US tariffs
Yahoo Finance· 2025-11-03 09:58
Core Insights - Hyundai Motor Company reported a 20.5% decline in net profits to KRW 2.548 trillion (US$1.8 billion) in Q3 2025, down from KRW 3.2 trillion in the same period last year, primarily due to the impact of US import tariffs [1][4] - The company's operating profit decreased by 29.1% to KRW 2.537 trillion [1] Tariff Impact - The US government imposed a 25% tariff on South Korean imports in April, which Hyundai could not fully pass on to customers, but the tariff was recently negotiated down to 15% [2] - The reduction in tariffs is expected to enable Hyundai to compete more effectively with other global automakers in the US market [2] Sales and Deliveries - Hyundai experienced a 2.6% year-on-year increase in global vehicle deliveries, totaling 1.038 million units in the quarter [3] - Revenues increased by 8.8% to KRW 46,721 billion, supported by an improved product mix and favorable currency exchange rates [3] - SUV sales rose by nearly 9% to 659,000 units, while sales of electrified vehicles increased by 25% to 252,000 units [3] Regional Performance - Domestic wholesale deliveries increased by 6.3% year-on-year to 181,000 units in Q3 [4] - US sales rose by 2.4% to 257,000 units, and European sales increased by 7.9% to 150,000 units [4]
【乘联分会论坛】2025年9月乘用车区域市场流向分析
乘联分会· 2025-11-03 08:46
Core Viewpoint - The article discusses the structural changes in the Chinese automotive market, highlighting the strong growth in the northern regions compared to the southern regions, driven by government policies and consumer preferences for economical and electric vehicles [2][5]. Group 1: Regional Market Trends - The automotive market is characterized by a "strong north, weak south" trend, with northern markets showing significant growth, particularly in Northeast and Central regions [3][5]. - In September 2025, the northern market's share increased by 0.2 percentage points compared to the previous year, and by 5.7 percentage points compared to 2022 [4][5]. - The Northeast region has shown continuous growth, maintaining a high market share of 6.4% in September 2025 [4][5]. Group 2: Policy Impact on Market Structure - Government subsidies have encouraged the growth of low-end and economical vehicles, particularly benefiting A00 and A0 class electric vehicles in northern regions [2][5]. - The "Two New" subsidy policy has been effective in promoting the adoption of small electric vehicles, reflecting the policy's fairness [2][5]. Group 3: Vehicle Category Market Structure Changes - The SUV segment has seen strong growth, especially in the central and western regions, while the eastern regions show weaker demand for SUVs [8][9]. - The demand for traditional fuel vehicles remains high in the northern and central regions, with fuel vehicles accounting for about 60% of the market [9][10]. Group 4: New Energy Vehicle Structure Analysis - New energy vehicles, particularly pure electric and plug-in hybrids, have shown strong performance, with significant growth in the northern regions [9][10]. - In regions like Hainan and Guangxi, the penetration rate of new energy vehicles has reached around 60%, indicating robust growth [10][11]. Group 5: Economic Vehicle Structure Changes - The article notes that the majority of regions benefit from subsidies for economical vehicles, which have become the mainstay of the market due to their affordability [11][12]. - The structure of vehicle categories is shifting towards more economical options, with a notable increase in the share of A0 and A class vehicles [11][12].
X @Bloomberg
Bloomberg· 2025-10-31 12:04
General Motors and Ford’s full-size SUVs are having their best year in decades https://t.co/VLxz7gmS5V ...
Exclusive: Toyota steps up India expansion with new SUVs, rural push as profit surges
Reuters· 2025-10-30 09:42
Core Insights - Toyota plans to launch 15 new and refreshed models in India by the end of the decade, indicating a strong commitment to the Indian market [1] - The company aims to deepen its rural network, which suggests a strategic focus on expanding its reach in less urbanized areas [1] - Record profits in India highlight the increasing importance of this market for Toyota, making it a key area for future growth [1] Company Strategy - The introduction of 15 new and refreshed models reflects Toyota's strategy to enhance its product offerings in India [1] - Strengthening the rural network indicates a targeted approach to tap into the growing demand in rural regions [1] Market Context - Record profits in India underscore the market's potential and significance for Toyota's overall business strategy [1] - The focus on rural expansion aligns with broader trends in the automotive industry, where rural markets are becoming increasingly vital for growth [1]
Hyundai Advances Child Passenger Safety across Greater Houston
Prnewswire· 2025-10-29 14:58
Core Points - Hyundai Hope, the corporate social responsibility initiative of Hyundai Motor America, donated $25,000 to Texas Children's Center for Childhood Injury Prevention to enhance child passenger safety education and services in Greater Houston [1][5][4] - The donation will support complimentary safety seat inspections and installations, expanding existing programs that work with hospital partners nationwide [1][4] - Hyundai emphasizes customer safety beyond vehicle manufacturing, aiming to increase awareness of child and road user safety through partnerships with medical institutions [2][4] Company Initiatives - The funding will allow Texas Children's to provide access to certified child passenger safety technicians and host more free car seat checks, benefiting hundreds of families [4] - The Child Passenger Safety Program operates over 20 inspection stations, trains nearly 50 technicians annually, and distributes over 1,000 car seats to families in need [4] - Hyundai's initiative strengthens outreach to underserved communities and supports children with special healthcare needs [4] Industry Impact - Studies indicate that safety seats significantly reduce child passenger injuries, with the NHTSA estimating a 71% lower fatality risk for infants and 54% for toddlers [2] - New federal standards enhance car seat usability and protection, while educational efforts aim to increase community awareness [2] - Hyundai's contributions align with its broader commitment to societal wellbeing and safety [5][6]