Hyundai Racks Up Record Profits As Japanese Wonder Where It All Went Wrong

Maybe its time for Comrade Obama to propose import tarriffs on Korean cars and parts to recoup some of the cash for clunkers money that was wasted on them.

— kornholio (View Profile)

Posted on 10/22/2009 10:18:22 AM | reply to this comment | Votes: 1   

Maybe its time for Comrade Obama to propose higher import tarriffs on Korean cars and parts to recoup some of the cash for clunkers money that was wasted on them.

— kornholio (View Profile)

Posted on 10/22/2009 10:19:01 AM | reply to this comment | Votes: 4   

oh look, yet another "Hyundai to take over world article", is this only on days ending in 'Y'?

— StarSearch (View Profile)

Posted on 10/22/2009 10:33:32 AM | reply to this comment | Votes: 3   

Hyunai Motor Co. beat forecasts

Hyunai?

— Invisible (View Profile)

Posted on 10/22/2009 10:46:55 AM | reply to this comment | Votes: 1   

I heard that Hyundai has ownership or subsidiary or something in a steel manufacturer so they get their steel for their cars at a much lower price which in turn translates to a lower car price? Also another thing was that they used a slightly thicker sheet metal...albeit it could be .01 mm thicker or something but translates to a more sturdy steel.

Then again, it could all be hearsay and rumors.

— KKO84 (View Profile)

Posted on 10/22/2009 11:25:31 AM | reply to this comment | Votes: 1   

When times are tough, people want cheap cars. Its that simple.

— thstone (View Profile)

Posted on 10/22/2009 2:03:57 PM | reply to this comment | Votes: 1   

Yes for the "Spies" back in 03' it was all "BMW to dominate the planet"... now apparently the new flavor is Hyundai/Audi.
I still think Yugo has a strong chance at coming back and gaining global market share.

— BondMI6 (View Profile)

Posted on 10/22/2009 2:26:57 PM | reply to this comment | Votes: 1   

Hyundai has a plant in Alabama where they doubled production capacity from 100,000 cars to 200,000 cars, and is building the KIA truck plant in Georgia. Tarrifs will only force Hyundai to do whats best for the bottom line and move more production to the US.

Hyundai is building an Elantra/Forte Plant in Canada, Hyundai is Buidling an Accent/Veloster/Rio plant in Brazil. They know Tariffs are coming they are getting ready for them now.

Hyundai is also looking at Ohio, West Virginia, Kentucky, Tennessee, and Louisiana for plant sites to build even more plants. Rack them Tariffs up, well be ready.

— HyundaiSmoke (View Profile)

Posted on 10/22/2009 4:34:39 PM | reply to this comment | Votes: 1   

You know if Hyundai/KIA had the same marketshare as Honda/Acura does in the US, then that would be enough to just put it over by a few units and bump it up from 4th to 3rd largest Automaker on Earth.

Like I said before its Americans who have a problem with our cars. Then again like most things us Americans are kind of behind the times.

The Rest of the World has waiting lists for our cars, and Americans are still skeptical.

— HyundaiSmoke (View Profile)

Posted on 10/22/2009 4:46:04 PM | reply to this comment | Votes: 0   

Are analysts really this stupid?

Yen appreciates 20% while Won depreciateas 40% against the USD in the same time frame (both are export led economies). Hmmm, if the bulk of your sales are in the US and cheap cars are all people can afford, your profits in Won sure look good.

Hyundai should thank their lucky stars the Korean gov't is willing to bankrupt itself to sell a few cheap cars and television sets.

"But Hyundai warned a firmer won, rising oil prices and higher interest rates might hit earnings in the months ahead and its shares were little moved after a 50 percent surge in the third quarter."
Earnings go up, nobody touches their stock because they know its smoke and mirrors.

"The won is recovering on the back of weakness in the dollar. It gained 8.1 percent versus the dollar in the third quarter and is up 36 percent since early-March."
They may have tried to manipulate their currency but they don't have deap enough pockets to keep it down.

I guess they do need something to feel good about though, its not like they have any real cars to brag about.

— huu76 (View Profile)

Posted on 10/22/2009 11:36:05 PM | reply to this comment | Votes: 1   

Hyundaismoke,
Tariffs protect the domestic market, Koreans know that that's why they're so against free trade with the United States. Read much?

— huu76 (View Profile)

Posted on 10/22/2009 11:37:45 PM | reply to this comment | Votes: 1   

I know huu, protectionism in trade is the way smart companies do things

— HyundaiSmoke (View Profile)

Posted on 10/23/2009 2:51:11 AM | reply to this comment | Votes: 1   

I mean Countries.

— HyundaiSmoke (View Profile)

Posted on 10/23/2009 2:53:42 AM | reply to this comment | Votes: 1   

huu, those wondefful, wonderful, Chinese Cars will only hurt you guys at Econo Car Toyota.

KIAs interiors seem headed upmarket, Hyundai has become upmarket. Its the Chinese Luxury Cars we at Hyundai will have to worry about.

The Hongqi, Brillance, etc...

— HyundaiSmoke (View Profile)

Posted on 10/24/2009 8:25:32 AM | reply to this comment | Votes: 1   

Just keep on telling yourself that Hyundai/KIA customers don't really care about price and that Hyundai/KIA sell at 25% below Japan because they're just nice people. When China arrives, Hyundai will be wondering where it all went wrong.

Hyundai was well on its way to seeing its profit disappear before the gov't came out with these incentives to mess with the natural demand for cars.
http://www.egmcartech.com/2009/04/23/hyundais-2009-first-quarter-net-profit-drops/

In 2009 Q1, a 13% drop in sales at Hyundai somehow equates to a 42% drop in net profit.

Its funny that you don't even get a cheque from Hyundai every month. You really do have some identity issues, either that or there's some Korean chick you really want to bone.

— huu76 (View Profile)

Posted on 10/25/2009 5:48:02 PM | reply to this comment | Votes: 1