SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co. said Thursday it plans to launch a program to sell refurbished used cars produced by the company and its luxury brand Genesis, with a goal to sell 5,000 certified secondhand models within the year. Hyundai said it will begin sales of used models next Tuesday under [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s leading carmakers Hyundai Motor Co. and Kia Corp. said Wednesday they have inked a strategic partnership with the German automotive chipmaker Infineon Technologies AG, so as to secure its power semiconductor supply chain. Under the deal, sealed Tuesday in Munich, Germany, the companies will cooperate in developing [...]
SEOUL, Oct. 15 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, and its affiliate Kia Corp. sold more than a combined 200,000 eco-friendly vehicles in the United States in the January to September period, according to the companies Sunday. The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in [...]
SEOUL, Oct. 15 (Korea Bizwire) – The labor union of Kia Corp., South Korea’s second-largest automaker, said Sunday it has failed to settle wage talks with the company again, raising the possibility of it staging a partial strike starting later this week. Unless the two sides resume negotiations and reach an agreement by Tuesday, the [...]
YEOJU, South Korea, Oct. 12 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, unveiled two brand new concept electric vehicle (EV) units with the goal to commercially launch the midsize SUV and sedan models in 2024. At a 2023 Kia EV Day press event held in Yeoju, 62 kilometers southeast of Seoul, Kia revealed [...]
SEOUL, Oct. 11 (Korea Bizwire) – The labor union of Kia Corp., South Korea’s second-largest automaker, said Wednesday it will resume wage talks with the company this week, while shelving a plan to hold partial strikes. Earlier in the day, the union announced a plan to stage an eight-hour walkout Thursday and Friday, citing stalled [...]
SEOUL, Oct. 8 (Korea Bizwire) – Hyundai Motor Co. said Sunday it showcased a new hydrogen-powered bus, jointly developed with Italian carmaker IVECO Group N.V., at a global bus exhibition. Hyundai Motor and IVECO debuted the E-WAY H2, a new hydrogen-powered fuel cell electric bus, at Busworld 2023 in Brussels, the world’s largest bus exhibition. [...]
SEOUL, Oct. 6 (Korea Bizwire) – Hyundai Motor’s sales in Russia have experienced a significant decline for the second consecutive month, sparking renewed speculation about the automaker’s potential withdrawal from the Russian market in the aftermath of the Russia-Ukraine conflict. According to the Association of European Businesses (AEB), Hyundai managed to sell a mere 10 vehicles [...]
SEOUL, Oct. 6 (Korea Bizwire) – In the competition of new car sales, Kia’s Sorento has maintained its edge over Hyundai’s Santa Fe. The Sorento offers both internal combustion and hybrid models, whereas the Santa Fe only comes with conventional powertrain options, although Hyundai is expected to release a hybrid model later this month. According to [...]
SEOUL, Oct. 5 (Korea Bizwire) – BMW Group on Thursday launched its new 5 series sedan for the first time in South Korea, reflecting the importance of the market for the German carmaker. The new 5 series is available in three versions — a gasoline or a diesel-powered engine, or an electric power train, BMW [...]