SEOUL -- Hyundai Motor achieved its best quarterly profit in about six years, helped by solid demand for its high-margin SUVs and its premium Genesis cars. You must be a subscriber to access this premium content
This can boost trucks and SUV sales and curtail non-hybrid cars with better gas mileage. Incentives to dealerships also can play a role. Sales departments might budge on price to reach sales goals tied to incentive bonuses. A sale at a lesser margin might be better than no sale, Asbury ...
Margins in North America, where the company sells its highly-profitable Ram and Jeep pickup truck models, soared to a record 16.3 percent in 2021. That trumped rival General Motors' comparable margin in North America for 2021, which stood at just 10.2 percent. Stellantis' p...
In a mixed outlook, Hyundai raised on Monday its full-year revenue growth forecast range by six percentage points to 19-20 percent from its previous estimate in January. Operating profit margin is now estimated at between 6.5-7.5 percent, up from 5.5-6.5 percent previously. But the company sl...