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SEOUL (Reuters) – Hyundai Motor Co (005380.KS) on Tuesday began South Korean sales of its Palisade large sport utility vehicle (SUV), a model it hopes will spearhead a sales recovery in the United States when launched in its major overseas market next year. Consumer preferences have shifted rapidly to SUVs in recent years, impacting Hyundai with its sedan-heavy line-up black cufflinks uk online. The automaker has since introduced new SUVs, including a redesigned Santa Fe this year, but its U.S. sales still fell 1.6 percent in January-November in a near flat market..
Weak sales in the United States and China has left Hyundai bracing for a fifth consecutive year of annual profit decline black cufflinks uk online. In South Korea, the Palisade’s price starts at 36.22 million won ($32,224.20), slightly higher than the smaller Santa Fe. “I think it will sell well in Korea because of its price competitiveness, though the model could cannibalize sales of the Santa Fe,” said auto analyst Sean Kim at Dongbu Securities. Hyundai has not yet disclosed U.S. pricing for the three-row, eight-seat car, which will compete with the likes of Toyota Motor Corp’s (7203.T) Highlander and Ford Motor Co’s (F.N) Explorer..
At home, the automaker has embarked on a marketing blitz for the new model, including a full, front page teaser ad in a major newspaper, an endorsement by pop star BTS and featuring the car in television drama Encounter black cufflinks uk online. The Palisade will replace the larger version of the Santa Fe as Hyundai’s biggest SUV. The automaker is looking to end a poor record in the large SUV segment, where it discontinued its Veracruz in 2013 as sales dwindled. The new model will help Hyundai raise its number of SUV models to six next year, from two last year. Its premium brand Genesis also plans to launch its first SUV next year..
WASHINGTON (Reuters) – White House officials told automakers following a U.S.-China trade call that the Trump administration believes China will cut tariffs on U.S black cufflinks uk online. autos to 15 percent from the current 40 percent, an auto executive said on Tuesday after being briefed on the previous evening’s call. The executive told Reuters the United States had not received any formal documentation of China’s move. The Wall Street Journal reported Tuesday that Chinese Vice Premier Liu He told U.S. Trade Representative Robert Lighthizer and Treasury Secretary Mnuchin that China would cut autos tariffs to 15 percent..
(Reuters) – Verizon Communications Inc (VZ.N) said on Tuesday it will take a $4.6 billion charge related to its Oath media assets – which includes digital media sites Yahoo and AOL – and a severance charge of up to $2.1 billion for voluntary buyouts in the fourth quarter. The largest U.S. wireless carrier by subscribers said in a regulatory filing that it saw fewer benefits than it expected from the combination of businesses that make up Oath black cufflinks uk online. Verizon bought Yahoo for $4.48 billion in 2017 and AOL for $4.4 billion in 2015..