Hyundai Motor Gd Stock Price, News & Analysis

Hyundai has been named the top mass-market brand in the J.D. Power 2024 U.S. Tech Experience Index (TXI) Study for the fifth consecutive year. The study evaluates user experience with advanced vehicle technologies during the first 90 days of ownership. Additionally, the 2024 Santa Fe won the Mass Market Infotainment and Connectivity award for its phone-based Digital Key technology.

Hyundai's Digital Key feature allows drivers to start their 2024 Santa Fe using a smartphone app and Near-Field Communication (NFC) technology. This innovation reflects Hyundai's commitment to advancing vehicle technology and ensuring customer satisfaction. The company's focus on user-friendly features and cutting-edge tech has contributed to its consistent recognition in the J.D. Power study.

Hyundai Motor Company (HYMTF) has received a credit rating upgrade from S&P Global, moving from 'BBB+' to 'A-' with a 'Stable' outlook. This achievement marks Hyundai's attainment of an 'A' rating from all three major global credit agencies in 2024, following upgrades from Moody's and Fitch earlier in the year. The upgrade reflects Hyundai's strong market position, solid profitability, and robust cash flow.

S&P Global cited Hyundai's improved market share, enhanced product mix, and favorable exchange rates as key factors contributing to the company's marked profitability improvement since 2021. The agency also highlighted Hyundai's balanced portfolio of EV and hybrid models as a strength for adapting to market changes during the electrification transition.

Hyundai Motor America and Children's Hospital Los Angeles (CHLA) hosted a child passenger and pedestrian safety event at Hyundai's national headquarters in Fountain Valley, California. The event, part of CHLA's Injury Prevention Program, featured a child safety seat check and pedestrian safety training. Certified Child Passenger Safety Technicians educated parents on correct car seat installation and usage, while families experienced LA Street Smarts, a life-size neighborhood replica teaching pedestrian safety techniques. This initiative is part of Hyundai Hope, the company's corporate social responsibility program aimed at improving community well-being through health and safety support.

Hyundai (HYMTF) has secured six product wins in the 2024 Newsweek Autos Awards, showcasing the strength of its vehicle lineup. The 2024 Hyundai Elantra was recognized as the Best Vehicle for First-time New Car Buyers and Top Pick for Urbanites. The IONIQ 5 received three accolades, including Top Pick for Tomorrow Seekers, Suburbanites, and New Parents. Additionally, the IONIQ 6 was named a Top Pick for Tomorrow Seekers.

Olabisi Boyle, senior vice president of product planning and mobility strategy at Hyundai Motor North America, emphasized the company's commitment to delivering beautifully designed, high-quality, and safe vehicles that cater to diverse customer needs. Hyundai's significant U.S. operations, including manufacturing facilities and R&D centers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy.

Hyundai Motor America reported a 4% increase in total July sales, reaching 69,202 units compared to July 2023. The company achieved record sales for several hybrid models, with total hybrid sales up 67% in July. Notably, retail sales of electric, hybrid, and plug-in hybrid vehicles represented 25% of the retail sales mix. Hyundai set total sales records for Elantra HEV (+13%), Santa Fe HEV (+75%), Tucson HEV (+109%), and Palisade (+50%). The Tucson HEV had its best-ever month in both retail and total sales. Despite challenges from a CDK disruption early in the month, Hyundai's diverse product portfolio, particularly its HEV and EV lineup, drove the solid sales performance.

Hyundai Motor Company's President and Global COO José Muñoz has been named Executive of the Year by the New England Motor Press Association (NEMPA). The recognition comes alongside awards for Hyundai and Genesis vehicles, with the Hyundai Santa Fe winning Best Midsize SUV and the Genesis Electrified GV70 taking Best Premium Compact SUV.

NEMPA's annual awards are based on evaluations of over 100 vehicles during winter months, focusing on innovative design, customer appeal, and performance in wintery conditions. Muñoz attributed the success to Hyundai's workforce, highlighting their efforts in delivering high-quality, safe, and eco-friendly vehicles with desirable technology.

Hyundai Motor America and Baystate Health Foundation hosted their second child safety seat event at Gary Rome Hyundai in Holyoke, Mass. As part of the collaboration, Hyundai donated $20,000 to support Baystate Health's Car Seat Safety Program. The event featured certified Child Passenger Safety Technicians who educated parents on proper car seat installation and conducted safety inspections. Families in need received replacement car seats.

Gary Rome, dealer principal of Gary Rome Hyundai, expressed pride in hosting the event, emphasizing its importance for community safety. The initiative is part of Hyundai Hope, a corporate social responsibility program focused on improving societal well-being. Hyundai's commitment to safety extends beyond their vehicles, aiming to provide important education and resources to communities they serve.

Hyundai has launched a new marketing campaign titled 'Quality Isn't a Luxury' to highlight the quality, dependability, reliability, and safety of its vehicles. The campaign features the Hyundai Santa Fe, Tucson, and IONIQ 5, and began airing during the 2024 Summer Games in Paris. Through unique metaphors, the ads demonstrate Hyundai's commitment to building reliable vehicles without a premium price tag.

The campaign includes three 30-second spots that will run throughout 2024 across broadcast, digital, and social media platforms. Hyundai is also creating custom social content focusing on proof points of quality and longevity, such as showcasing a 2006 Elantra nearing 500,000 miles. The company currently leads the industry with nine IIHS Top Safety Pick awards, emphasizing its commitment to safety and quality.

The 2024 Hyundai Santa Fe has been named the top Midsize SUV in the J.D. Power 2024 U.S. APEAL Study, showcasing exceptional consumer appeal and satisfaction. This achievement highlights the vehicle's bold design, spacious interior, and smart technology that resonate with customers.

Additionally, the Hyundai Kona secured second place in the Small SUV segment, demonstrating significant improvements across various categories. As a brand, Hyundai advanced three ranks to achieve fourth place among mass-market automakers, reflecting the company's commitment to blending style, innovation, comfort, and safety across its lineup.

Olabisi Boyle, vice president of product planning and mobility strategy at Hyundai Motor North America, expressed pride in the Santa Fe's recognition, emphasizing its standout aesthetic and family-friendly features.