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Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

SEOUL, Mar. 19 (Korea Bizwire) — Hyundai Motor Co. and its affiliate, Kia Motors Corp., will invest a combined 338.4 billion won (US$300 million) in India’s biggest ride-hailing firm, Ola, in their single biggest investment ever, Hyundai said Tuesday. Hyundai Motor and Kia Motors will invest $240 million and $60 million, respectively, in Ola to [...]

S. Korean Automakers Scramble to Compete over LPG Vehicles

S. Korean Automakers Scramble to Compete over LPG Vehicles

SEOUL, Mar. 18 (Korea Bizwire) — Hyundai, Kia, and Renault Samsung are scrambling to compete in the liquified petroleum gas (LPG) vehicle market that has recently been made available to ordinary consumers. Hyundai Motor Co., in particular, decided to release an LPG model of the all-new Sonata. The company, however, decided against selling the new [...]

Diesel Cars Account for More than Half of Total Distance Travelled by Cars in S. Korea

Diesel Cars Account for More than Half of Total Distance Travelled by Cars in S. Korea

SEOUL, Mar. 18 (Korea Bizwire) — Diesel cars, known to be one of the major causes of air pollution, comprised nearly half of all automobiles driven in South Korea last year. The Korea Transportation Safety Authority announced last Friday that cars in South Korea covered a total distance of 327.1 billion kilometers last year, an [...]

Hyundai Motor Launches Education Program to Overcome Fear of Driving

Hyundai Motor Launches Education Program to Overcome Fear of Driving

SEOUL, Mar. 11 (Korea Bizwire) — Hyundai Motor Co. announced on Sunday that it will run a ‘Driving Plus’ program, a social contribution activity to help people overcome their fear of driving., along with the Citizens’ Coalition for Safety. According to Hyundai, the ‘Driving Plus’ program offers educational content that allows people to experience various [...]

30-Somethings’ Vehicle Purchases Drop for 3rd Straight Year in 2018

30-Somethings’ Vehicle Purchases Drop for 3rd Straight Year in 2018

SEOUL, Mar. 11 (Korea Bizwire) — Overall vehicle purchases by South Koreans in their 30s fell in 2018 for the third consecutive year, although they bought more imported cars, industry data showed Monday. About 265,300 thirty-somethings in the country bought passenger cars and recreational vehicles last year, compared with 277,500 units purchased a year earlier, [...]