Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  Bayerische Motoren Werke    BMW   DE0005190003

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Hyundai Launches New Santa Fe SUV; Aims To Boost Domestic Sales

share with twitter share with LinkedIn share with facebook
share via e-mail
04/19/2012 | 12:15pm CEST

-- Hyundai Motor expects the new Santa Fe to help boost sluggish domestic sales.

-- Hyundai aims to sell 152,000 units of the new Santa Fe globally this year.

-- Hyundai Motor aims to sell 385,000 units of the sport-utility vehicle globally in 2013.

(Recasts the first paragraph; adds competition from imported vehicles in South Korea in the second and in fifth paragraph, more comments from Hyundai's marketing director in the third paragraph, more details on Kia in the sixth paragraph.)

   By Kyong-Ae Choi 

Hyundai Motor Co. (005380.SE) launched the new Santa Fe sport-utility vehicle in South Korea Thursday as part of plans to shore up domestic sales, and said it will expand production of the company's flagship vehicle to overseas plants from July.

South Korea's largest auto maker by sales has been suffering from weak demand for its vehicles in its home market since last year because of increasing competition from foreign marques, and Hyundai hopes to achieve global sales of 152,000 units for the new Santa Fe, which is more fuel efficient and is the first completely redesigned model of the SUV in seven years.

"Given demand for the existing Santa Fe model has plunged, we expect a big improvement in domestic sales due to the launch of the all-new Santa Fe," Kim Sang-dae, director of Hyundai Motor's marketing division, said at a briefing.

From January to March, Hyundai Motor's domestic sales fell 7.1% from a year earlier to 154,855 units, while its overseas sales jumped 22% to 911,805 units, bringing total sales to 1,066,660 units. Hyundai aims to sell 4.29 million vehicles globally this year, up 5.7% from last year.

South Korea's auto makers face stronger competition from foreign companies, because free-trade agreements with the U.S. and Europe have resulted in lower prices for vehicles from these countries. In the three months ended March 31, sales in South Korea of BMW AG (>> Bayerische Motoren Werke AG) vehicles, which include the MINI and Rolls Royce brand names, were second only to Hyundai's sales, reflecting local consumers' growing appetite for German vehicles.

Hyundai said it will start production of the fully revamped Santa Fe SUV in the U.S. at Kia Motors Corp.'s (000270.SE) plant in Georgia from July, and start production at its No. 3 plant in China from October. Kim earlier said Hyundai will start producing the vehicle in Europe in June, but subsequently said the company currently has no plan to produce the car in Europe. Hyundai has a 34% stake in Kia, and the two companies form the world's fifth-largest car maker by sales.

It aims to sell 42,000 units of the vehicle in South Korea and 110,000 units in overseas markets in 2012. The company has set a higher sales target of 385,000 Santa Fe SUVs in 2013, including 335,000 units in overseas markets.

Hyundai has invested KRW430 billion ($377 million) in developing the new Santa Fe, which will be available with a 2.0-liter or 2.2-liter diesel engine in South Korea. In the U.S., the Santa Fe will have a 2.0-liter turbo gasoline direct injection engine or a 2.4-liter gasoline engine.

He didn't elaborate on the models that will be sold in Europe and China, but Kim said Audi AG's (NSU.XE) Q5 SUV will likely be the Santa Fe's main competitor in global markets.

The 2.0-liter diesel engine Santa Fe is tentatively priced at KRW28 million-KRW34 million in the domestic market, Hyundai said, adding finalized prices will be available next week.

Fuel efficiency for the 2.0 model is 17 kilometers per liter, a 13% improvement from the previous model, it said.

-By Kyong-Ae Choi, Dow Jones Newswires; 822-3700-1903; [email protected]

Stocks mentioned in the article : Bayerische Motoren Werke AG
Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG 0.27% 732 Delayed Quote.-0.41%
BAYERISCHE MOTOREN WERKE 0.91% 80.01 Delayed Quote.-7.85%
HYUNDAI MOTOR CO --End-of-day quote.
KIA MOTORS CORPORATION --End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
07/17BMW Gets Rights for Potential Stake in Chinese Battery Supplier CATL -Update
07/17BMW Gets Rights for Potential Stake in Chinese Battery Supplier CATL
07/17Western Europe car sales up 5.1 percent in June - ACEA
07/17China's CATL to get $420 million upfront from BMW-Brilliance battery deal
07/16BAYERISCHE MOTOREN WERKE : Rob Hodson wins with the BMW S 1000 RR on the Isle of..
07/16BAYERISCHE MOTOREN WERKE : The new MINI Lifestyle Collection 2018–2020. Sm..
07/16BAYERISCHE MOTOREN WERKE : MS&AD Andretti Formula E ends its fourth season in th..
07/15BAYERISCHE MOTOREN WERKE : BMW Motorsport News – Issue 24/2018.
07/15BAYERISCHE MOTOREN WERKE : BMW drivers bring the first half of the DTM season to..
07/14DTM AT ZANDVOORT : Four BMW drivers pick up points in Saturday’s race by t..
More news
News from SeekingAlpha
07/11Shanghai speeds up foreign auto investment 
07/05Clock Ticks Down To Next Tariff Round (Wall Street Breakfast Podcast) 
07/05WALL STREET BREAKFAST : Clock Ticks Down To Next Tariff Round 
07/05U.S. offers German carmakers 'zero tariffs' solution 
07/04International talks to cut car tariffs? 
Financials (€)
Sales 2018 99 215 M
EBIT 2018 9 847 M
Net income 2018 7 595 M
Finance 2018 21 600 M
Yield 2018 5,09%
P/E ratio 2018 6,92
P/E ratio 2019 6,71
EV / Sales 2018 0,30x
EV / Sales 2019 0,29x
Capitalization 51 804 M
Duration : Period :
Bayerische Motoren Werke Technical Analysis Chart | BMW | DE0005190003 | 4-Traders
Technical analysis trends BAYERISCHE MOTOREN WERKE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 29
Average target price 94,3 €
Spread / Average Target 19%
EPS Revisions
Harald Krüger Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN-14.26%83 919
DAIMLER-19.38%71 760
HONDA MOTOR CO LTD-15.34%53 031