The Latest Breaking News from HYMTF

Hyundai Motor Co (OTC:HYMTF) is planning to launch a company along with its two affiliates in the U.S., Reuters reported. Through the move, the company plans to strengthen its presence in the U.S. by exploring business opportunities. In May, Hyundai said it would invest more than $10 billion in the U.S. by…

Hyundai Motor Co  (OTC:HYMTF) has released pricing for the new 2023 Palisade SUV, including its new XRT model.  The 2023 Palisade has an upscale interior, advanced technologies, new convenience features, and safety content. Palisade will also offer a new, dark-themed, rugged XRT model to complement the existing Santa Fe and Tucson XRT models…

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported sales of 59,432 units for the month of May, a 34% decrease year-over-year. The automaker had no fleet sales in May 2022. The company has sold 280,776 units year-to-date, a 16% decline Y/Y. Randy Parker, SVP, national sales, Hyundai Motor America, said, "We expect demand…

Hyundai Motor Co (OTC:HYMTF) will recall 281,000 vehicles in North America over fears of seat-belt pretensioners exploding, Reuters reported. The report noted that there were three injury reports caused by the explosion of seat-belt pretensioners, projecting the metal fragments. The recall will include some 2019-2022 Accent, 2021-2023 Elantra, and 2021-2022 Elantra hybrid vehicles. …

Georgia Governer Brian Kemp is set to announce a $7 billion investment by Hyundai Motor Company (OTC:HYMTF) on Friday, Reuters reported. The announcement is expected to coincide with U.S. President Joe Biden’s visit to Seoul. The auto giant is planning to build a plant in Georgia to produce electric vehicles (EVs). The report cited Atlanta…

Hyundai Motor Company (OTC:HYMTF) is planning to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle (EV) business in South Korea, Reuters reported. The South Korean auto giant is expecting to produce 1.44 million units of EVs in South Korea by 2030. The proposed…

Hyundai Motor Company (OTC:HYMTF) said its U.S. retail sales for the month of April declined 20% year-over-year. The auto major sold 61,668 units in April in the U.S. versus 77,523 units sold last year. Electrified vehicle retail sales increased 68% Y/Y in April. The company's year-to-date retail sales in the U.S. fell 10%…

Hyundai Motor Co Ltd (OTC:HYMTF) is set to offer its first exclusive Metamobility Non-Fungible Token (NFT) collection, Shooting Star. The company will drop 10,000 Ethereum-based Metamobility NFTs on its official website on May 9-10. The launch will apply the Reveal method by showing a placeholder image first, then revealing the actual Shooting Star NFT…

Renewable energy company Advent Technologies (ADN) recently signed an agreement with automotive giant Hyundai Motor (HYMTF) which should prove beneficial. However, the stock has plummeted 65% this year. Also, considering its weak bottom line, will the stock be able to gain forward momentum soon? Read on to find out.

Hyundai Motor Co (OTC:HYMTF) plans to start electric vehicles production in its Montgomery assembly line in the U.S., Reuters reported. The auto major will invest $300 million to build the Electrified Genesis GV 70 and a hybrid version of the Santa Fe at its U.S. manufacturing center. The report noted this marks the…

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported a 1.4% increase year-over-year in Q1 FY22 retail sales. Total Q1 sales declined 4%. The company reported Q1 retail sales of 159,676 units versus 157,470 units last year. Electrified vehicle retail sales increased 241% Y/Y. Hyundai's March 2022 sales fell 21% Y/Y to 59,380 units.…