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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai HCN Co.,Ltd.    A126560   KR7126560002


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Hyundai HCN : U.S. Actions in Response to Coronavirus (COVID-19)

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04/06/2020 | 11:18am EDT

UPDATE: The safety, health and well-being of Hyundai employees, customers, business partners and the communities where we do business is of the utmost importance during the current coronavirus (COVID-19) global pandemic. Hyundai has established a coronavirus (COVID-19) response team at all affiliated companies to monitor the situation, minimize the risks and prepare for all potential scenarios.

The following is an update on the coronavirus (COVID-19) impact at Hyundai'sU.S. operations and the proactive and preventive measures each has taken. This information will be updated in real-time.

Hyundai Motor America

Hyundai Hope On Wheels (HHOW) donated $2.2 million to children's hospitals throughout U.S. to support coronavirus (COVID-19) Drive-Thru Testing Centers

This pandemic has created a particular threat to children with cancer, many of whom have compromised immune systems

Coronavirus (COVID-19) drive-thru testing provides a safe and trusted way for children who present risk factors to receive the care they need

Reinstated the Hyundai Assurance Job Loss Protection program

Hyundai will make up to six months of payments for new owners who lose their jobs due to COVID-19 and have purchased or leased their vehicle between March 14 to April 30, 2020 through Hyundai Motor Finance

For select new purchases through April 30 financed by Hyundai Motor Finance for well-qualified buyers, Hyundai is offering 0% APR financing and deferring payments for 120 days at the customer's request

Current Hyundai Motor Finance customers can defer payments up to three months if they lose their job or face a medically-related hardship before April 30, 2020

New TV spot on the program now running in place of all previously scheduled Hyundai TV advertising

Global extension of warranties expiring between March and June 2020 until June 30, 2020

For U.S.Hyundai owners with a 5-year/60,000-mile new vehicle limited warranty or a 10-year/100,000-mile powertrain limited warranty that is expiring between March and June 2020, they will have the warranty coverage extended to June 30, 2020

Offering a complimentary three month extension of Hyundai's Blue Link Connected Care service, which includes SOS Emergency Assistance, Enhanced Roadside Assistance and Automatic Collision Notification, for customers with accounts expiring March 20 through the end of May

All employees are working from home

In compliance with California Governor Gavin Newsom's 'Safer at Home' order, the Hyundai National Headquarters building in Fountain Valley, CA is closed

Suspended all travel

Providing all full-time employees up to 10 extra days of paid time off for those directly impacted by the coronavirus

Offering short term vehicle leases for employees with college students who can benefit from temporary transportation while they are home during school closures

Distributed the CDC recommendations on preventative measures to reduce the spread of respiratory viruses, including coronavirus to all employees

Readily provided hand sanitizer and disinfecting wipes at headquarters and all of the regional offices

Increased the cleaning frequency of high-touch areas like door knobs/handles, elevator buttons, and counter tops

Restricting visitors at all Hyundai facilities

Suspended training sessions at all Hyundai Training Centers

Expanded cleaning of Hyundai press fleet vehicles and no contact vehicle delivery and pick ups

Cancellation or postponement of company events and programs, including no audience at the global reveal of the all-new 2021 Elantra on March 17, cancellation of the 2020 Sonata Hybrid media drive program and a dealer recognition trip, among others

Hyundai Motor Manufacturing Alabama (HMMA)

Extended the suspension of production until April 10 to protect the health and well-being of team members and the community, and to adjust vehicle production to match the anticipated economic impact of the pandemic

HMMA's approximately 3,000 team members will continue to be compensated until April 3, 2020

From April 6 through April 9, team members can choose to use vacation time for compensation; good Friday, April 10, is a paid holiday

During this shutdown period, approximately one hundred team members will continue to be on site each day to support essential functions

HMMA suspended production in all areas, for all shifts, beginning on Wednesday, March 18, 2020 following a confirmed a case of COVID-19 among its workforce

HMMA notified the Alabama Department of Public Health (ADPH) of this case

All team members have been informed of the situation

HMMA deployed additional sanitation measures across the entire facility and is following ADPH's protocols for disinfecting the affected work area

During the shutdown, extensive cleaning of the facility will continue to provide a sanitized and safe work environment for the dedicated team members

Once HMMA's environment, health, and safety team have determined that the affected area has been sufficiently sanitized all team members will be informed

Provided employees with the CDC recommendations on preventative measures to reduce the spread of respiratory viruses, including coronavirus, and posted signage throughout the facility

Readily provided hand sanitizer and disinfecting wipes

Suspended public tours

Hyundai U.S. Dealerships

Select dealers are offering home delivery for new vehicle purchases and pickup and drop-off for service customers

Contact your local dealer to get the latest information on their operations and business hours

Additional cleaning of dealer facilities and Hyundai vehicles in for service

Electronic signature authorization for repair approvals and digital communication between the dealer and customer

Regular communications with dealerships and provided the CDC's recommendations for preventative measures businesses should take to keep their employees and customers safe

Provided dealerships with a variety of financial assistance

Deferred floorplan interest, increased incentives and other accommodations for dealers who finance their floorplan with Hyundai Motor Finance

Dealerships closely monitoring the situation in their local communities and acting accordingly based on state, county and city ordinances

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI HCN CO.,LTD. 1.49% 4760 End-of-day quote.39.59%
HYUNDAI MOTOR COMPANY -2.78% 94500 End-of-day quote.-21.58%
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Financials (KRW)
Sales 2020 293 B
EBIT 2020 41,9 B
Net income 2020 37,2 B
Finance 2020 271 B
Yield 2020 1,37%
P/E ratio 2020 14,5x
P/E ratio 2021 14,3x
EV / Sales2020 1 786x
EV / Sales2021 1 798x
Capitalization 524 B
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Average target price 4 500,00 KRW
Last Close Price 4 760,00 KRW
Spread / Highest target 5,04%
Spread / Average Target -5,46%
Spread / Lowest Target -16,0%
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Seong-Il Kim Chief Executive Officer & Director
Ho-Jin Chang Director
Yong-Pyo Gong Independent Director
Dong-Su Kim Independent Director
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