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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Kia Motors Corporation    A000270   KR7000270009

KIA MOTORS CORPORATION

(A000270)
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Kia Motors : Hyundai and Kia to invest in self-driving startup Aurora

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06/12/2019 | 09:49pm EDT
The logo of Kia Motors is seen at the manufacturing plant in Pesqueria

(Reuters) - Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies.

"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said.

Aurora said http://bit.ly/2WEmZlL in a blog post that Hyundai and Kia's investment is part of a series B financing round, which has now raised more than $600 million.

Aurora, which just announced a partnership with Fiat Chrysler Automobiles, competes with Alphabet's Waymo and General Motors' majority-owned Cruise, among others.

(Reporting by Rama Venkat in Bengaluru; Editing by Leslie Adler)

Stocks treated in this article : Hyundai Motor Co, Kia Motors Corporation
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI MOTOR CO End-of-day quote.
KIA MOTORS CORPORATION End-of-day quote.
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Financials (KRW)
Sales 2019 56 165 B
EBIT 2019 2 036 B
Net income 2019 2 148 B
Finance 2019 1 676 B
Yield 2019 2,39%
P/E ratio 2019 7,94x
P/E ratio 2020 7,41x
EV / Sales2019 295x
EV / Sales2020 282x
Capitalization 16 599 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 48 800,00  KRW
Last Close Price 41 400,00  KRW
Spread / Highest target 57,0%
Spread / Average Target 17,9%
Spread / Lowest Target -34,8%
EPS Revisions
Managers
NameTitle
Han-Woo Park President, Co-Chief Executive Officer & Director
Jun-Young Choi Co-Chief Executive Officer, Director & VP
Woo-Jung Joo Director & Head-Finance
Eui-Sun Chung Director
Sang-Koo Nam Independent Director
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