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South Korea report: domestic vehicle market up 10% in January
Yahoo Finance· 2026-02-10 11:00
Hyundai, including its Genesis brand, is targeting a slight increase in global sales to 4.158 million units in 2026, including 700,000 domestic sales and 3.46 million units overseas. Sales in North America are forecast to increase slightly to 1,231,000 units, while sales in Europe are expected to be flat at 601,000 units; India 592,000 units (+3%), South Korea 700,000 units (-2%), and South America 328,000 units (+0.1%). The company is looking for continued product mix improvement and new model launches thi ...
Organigram Reports First Quarter Fiscal 2026 Results
Businesswire· 2026-02-10 11:00
Organigram Reports First Quarter Fiscal 2026 ResultsFeb 10, 2026 6:00 AM Eastern Standard Time# Organigram Reports First Quarter Fiscal 2026 ResultsShare---Strong year-over-year growth supported by Canadian leadership and growing international sales, improving gross margin.TORONTO--([BUSINESS WIRE])--Organigram Global Inc. (NASDAQ: OGI) (TSX: OGI), (the "Company†or "Organigram†), Canada's #1 cannabis company by market share1, is pleased to announce its results for the first quarter ended December 31, 2025 ...
GM Korea to lift production to 500,000 units in 2026
Yahoo Finance· 2026-02-06 10:17
Core Insights - GM Korea aims to increase production by 8.5% to 500,000 vehicles in 2026, up from 461,000 units in 2025, to meet rising export demand, particularly from the US [1] - The company previously faced concerns about potentially discontinuing production in South Korea due to a 25% import tariff imposed by the US, which was later reduced to 15% after South Korea committed to a $350 billion investment in the US [2] - Over 95% of GM Korea's production last year was exported, with shipments to the US accounting for over 85% of total output [3] Production and Sales - GM Korea sold only 15,100 vehicles in South Korea last year, marking a 39% decline compared to 2024 volumes [4] - The company plans to introduce new models, including the all-electric Hummer SUV, to boost domestic sales [4] - GM Korea operates two plants in South Korea, producing the Trax and Trailblazer models, and has been requested by General Motors to run these plants at full capacity [5] Investment and Future Plans - General Motors plans to invest $300 million to enhance manufacturing operations in South Korea, including retooling assembly lines for new generation models [7] - CEO Mary Barra highlighted strong overseas demand for vehicles produced in South Korea, which positively impacts the company's earnings [6]
暴跌17%!韩国五大车企本土哑火
汽车商业评论· 2025-11-10 23:07
Core Insights - The article discusses the recent decline in South Korea's automotive market, highlighting a 17% drop in domestic sales for major automakers in October 2025, attributed to a combination of extended holidays and structural changes in consumer preferences [4][7][9]. Group 1: Market Performance - In October 2025, the five major South Korean automakers sold 101,475 vehicles, down from 122,880 in the same month last year, marking a 17% decline [7]. - Despite the October drop, the cumulative sales for the first ten months of 2025 showed a 4.6% increase, rising from 1,114,278 to 1,139,082 vehicles [8]. - Hyundai and Kia experienced a technical adjustment in October, with Hyundai's domestic sales falling from 64,912 to 53,822 units, a 17% decrease, while Kia's sales dropped from 45,095 to 39,112 units, a 13% decline [7][8]. Group 2: Structural Changes - The decline in domestic sales is not solely due to reduced demand; it reflects a structural shift where luxury and imported electric vehicles are gaining market share at the expense of local brands [4][10]. - General Motors Korea's domestic sales plummeted by nearly 39% in the first ten months of 2025, indicating significant challenges for local brands against the backdrop of increasing competition from imported vehicles [8][9]. - The imported vehicle market saw a 13.2% year-on-year increase in new registrations in October, with Tesla's sales tripling compared to the previous year, highlighting a shift towards high-end and electric models [12][13]. Group 3: Consumer Behavior and Economic Factors - Economic factors such as a 2.4% year-on-year inflation rate and cautious consumer behavior are influencing purchasing decisions, leading to longer replacement cycles and increased price sensitivity [15]. - The cancellation of federal electric vehicle subsidies in the U.S. is expected to impact South Korean automakers, which rely heavily on exports and overseas production [15][16]. - The surge in second-hand car exports, which increased by 72% in the first half of the year, is providing some relief to the new car market but also indicates a shift in consumer purchasing behavior towards more economical options [18]. Group 4: Future Outlook - South Korean automakers are focusing on global electric vehicle strategies, with Hyundai planning to increase production capacity in the U.S. and Kia setting ambitious global sales targets [16]. - The competitive landscape is shifting, with imported luxury and electric vehicles continuing to penetrate the market, necessitating local brands to adapt their product offerings and marketing strategies [14][18]. - The article suggests that the automotive market in South Korea is entering a phase of restructuring, where traditional growth models may no longer suffice, and companies must innovate across various dimensions to maintain market relevance [18].
OrganiGram (OGI) Joins Cannabis Stock Rally After Trump Signals Policy Shift
Benzinga· 2025-09-29 20:02
Core Viewpoint - Organigram Global Inc (NASDAQ: OGI) shares are experiencing a significant increase due to renewed optimism in the cannabis sector following a social media post from former President Donald Trump promoting the health benefits of cannabis and hinting at potential changes in federal drug policy [1][2]. Company Overview - Organigram is a major Canadian cannabis producer with a diverse portfolio of recreational cannabis brands, including SHRED, Edison Cannabis Co., and Trailblazer [2]. - The company has expanded its e-commerce platform for hemp-derived THC beverages into 25 U.S. states, enhancing its market access and potential for growth [2]. Market Performance - As of the publication time, Organigram shares were up 15.09%, trading at $1.94 [3].