[Hyundai Motor Conference Call] "Cash liquidity of 11 trillion KRW as of the end of Q1... Manageable until year-end"
[Asia Economy Reporter Kim Ji-hee] Hyundai Motor Company stated in its Q1 2020 earnings conference call on the 23rd, "As of the end of Q1, we hold cash liquidity of approximately 11 trillion KRW in the automotive sector," adding, "Even assuming a global demand decline from April onwards, this level is manageable through the end of the year."
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They continued, "Based on stable cash holding capabilities, we will continue investments through securing additional liquidity and cost reduction," while adding, "However, we are reviewing investment priorities in preparation for the prolonged COVID-19 situation."
This content was produced with the assistance of AI translation services.
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