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  Business   Autos  27 Feb 2019  Hyundai Motor says to lift auto operating margin to 7 per cent by 2022

Hyundai Motor says to lift auto operating margin to 7 per cent by 2022

REUTERS
Published : Feb 27, 2019, 1:05 pm IST
Updated : Feb 27, 2019, 1:07 pm IST

Automaker plans to invest 45.3 trillion won (USD 40.48 billion) over the next five years in research and development.

Hyundai Motor plans to boost the core automotive businesses’ operating profit margin to 7 per cent by 2022, compared with 2.1 per cent in 2018.
 Hyundai Motor plans to boost the core automotive businesses’ operating profit margin to 7 per cent by 2022, compared with 2.1 per cent in 2018.

Seoul: Hyundai Motor Co said on Wednesday it plans to boost the core automotive businesses’ operating profit margin to 7 per cent by 2022, compared with 2.1 per cent in 2018, as part of its mid- to long-term plan.

The automaker said it also plans to invest 45.3 trillion won (USD 40.48 billion) over the next five years in research and development, capital expenditure and future growth areas such as autonomous driving technologies, vehicle electrification and mobility services.

Tags: hyundai motor, revenue, shares, profit
Location: South Korea, Seoul, Seoul