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UPDATE 1-Hyundai Motor, Kia Motors ordered to cut stakes in steel affiliate

2015-12-30 03:29:04| Automakers - Topix.net

SEOUL, Dec 30 Hyundai Motor and Kia Motors have been ordered to sell a combined 6.6 percent stake worth 461 billion won in steelmaking affiliate Hyundai Steel by Thursday to meet conglomerate ownership rules. South Korea seeks to address complex cross-shareholdings involving affiliates of big industrial groups, which have long been criticized for their poor corporate governance.

Tags: update cut motor affiliate

GE to Sell Shares in Hyundai Capital Services to Hyundai Motor Company and Kia Motors

2015-12-23 05:42:07| Automakers - Topix.net

December 22, 2015: GE announced today that it has signed an agreement to sell a 23.3% stake of Hyundai Capital Services to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.3% ownership in HCS over the following months. Hyundai Capital is an 11 year old joint venture between Hyundai Motor Company and GE Capital that provides consumer financial products, including auto financing, auto leasing services, personal loans and home mortgages.

Tags: services company sell capital

Hyundai, Kia will pay Paice to end case over hybrid engines

2015-12-14 16:54:02| Automakers - Topix.net

Hyundai Motor Co. and affiliate Kia Motors Corp. have agreed to pay royalties to a Baltimore company to end a patent-infringement fight over hybrid engines.

Tags: end case pay engines