BEAMSTART Logo

Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%

Korea Economic Daily LogoKorea Economic Daily5d ago

Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32% - Korea Economic Daily

Quick Summary:

The forecast raised expectations that the Korean sibling carmakers together would beat their bigger rival Volkswagen, which is grappling with falling productivity and declining car sales in China, to become the global No.2 auto group.Volkswagen reported 10.1 billion euros ($10.9 billion) in operating profit for the first half of this year, down 11% from the same period last year.

Kia Corp., South Korea’s No.2 carmaker after Hyundai Motor Co., presented a brighter outlook for this year after posting record-high operating profit and sales for a third quarter on Thursday, raising expectations that the Korean auto siblings would overtake the world’s No.2 car seller Volkswagen this year.

Kia’s rosier outlook for this year’s earnings comes after it announced solid earnings for the third quarter on the same day.It logged 2.88 trillion won in operating profit on a consolidated basis for the July-September period, the company said in a regulatory filing.That was a mere 0.6% up from the same period last year but marked the company’s historic-high profit for the quarter.


More Pictures

Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32% - Korea Economic Daily (Picture 1)Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32% - Korea Economic Daily (Picture 2)Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32% - Korea Economic Daily (Picture 3)Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32% - Korea Economic Daily (Picture 4)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 20:42:40 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 810 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23333620

View Article Analysis

About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 15 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%" has 810 words across 30 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%" was covered 5 days ago by Korea Economic Daily, a news publisher based in South Korea.

How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 15 news stories per day.

It's most recent story was published ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23333620
  • URL: https://beamstart.com/news/kia-eyes-rosier-2024-after-17302498741765

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.