Hyundai Mtr says not too concerned about FX rates

Newswire

SEOUL, Oct 28 (Reuters) - Hyundai Motor Co. is not too worried about the impact of a strong won currency on its business, given hedging provided by divsersified overseas markets, an official from the South Korean firm said on Thursday. "Unlike in past years, we are relatively free from foreign exchange risks due to market diversification," said Kim Duk-joo, the head of the investor relations team. "European sales are growing which is giving a natural hedge against the falling dollar."

Premium Content (PAID Subscription Required)

"Hyundai Mtr says not too concerned about FX rates" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×