[Hyundai Motor Conference Call] "Domestic Market Strength Defends Against COVID Impact... 120,000 Units of Domestic Backlog"
[Asia Economy Reporter Suyeon Woo] Hyundai Motor Company stated in its Q1 2020 earnings conference call on the 23rd, "We will defend profitability against the decline in overseas sales through the new car effect from vehicles launched in the domestic market since the end of last year," adding, "Currently, we have approximately 120,000 new cars pending delivery (waiting) in the domestic market."
They continued, "With the launch of key new models in overseas markets beginning, the impact of COVID-19 will somewhat weaken," and added, "We expect improved profitability through mix enhancement by securing production flexibility focused on high value-added products such as the New Grandeur, GV80, G80, and Palisade."
Hot Picks Today
"Samsung Electronics Employee with 100 Million Won Salary Receiving 600 Million Won Bonus... Estimated Tax Revealed"
- At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- "Is This Car Waterproof?" US Man in His 70s Makes Dramatic Escape After Driving Cybertruck Into Lake, Trusting Its Features
- Appearing in a Leather Jacket, Jensen Huang Hastily Eats $6 Noodles on the Street... Shop Instantly Becomes a Hotspot
Furthermore, Hyundai emphasized, "We will continue efforts to maximize the new car effect by launching new models such as the Tucson, Genesis GV70, Santa Fe, and Kona facelift in the second half of this year."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
