ULSAN, Nov. 20 (Korea Bizwire) — Police and forensic agency authorities plan to conduct a joint investigation Wednesday into the cause of an accident that left three people dead at a Hyundai Motor Co. plant in the southeastern city of Ulsan. On Tuesday, three researchers — two Hyundai employees and one affiliated with a subcontractor [...]
SEOUL, Nov. 19 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, on Tuesday outlined its value-up program focusing on profitability and technological prowess amid a slowdown in electric vehicle (EV) sales. Hyundai Mobis aims to report an annual average of 5-6 percent in its operating profit margin in the three years through [...]
SEOUL, Nov. 19 (Korea Bizwire) – The fortunes of South Korea’s three mid-sized automakers—GM Korea, KG Mobility, and Renault Korea—continue to hinge on the success of individual vehicle launches, with the pattern showing no signs of abating in 2024. The trend began with KG Mobility (formerly SsangYong Motor) riding high on its Torres SUV in 2022, [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s hybrid vehicle registrations are poised to hit an all-time high this year, reflecting both growing environmental consciousness and a temporary plateau in electric vehicle demand. According to data from the Carisyou data research institute, hybrid vehicle registrations from January to October reached 311,769 units, a 24.8% increase from [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Company introduced its new Elantra N TCR Edition on November 17, incorporating technology and design elements from its successful motorsport program. The special edition model takes its name from the TCR (Touring Car Racing) World Tour, a racing series in which Hyundai has competed since 2017. The automaker [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Co. said Friday it has donated eight Ioniq 5 electric vehicle (EV) units and EV-charging infrastructure funds to the United Nations World Food Programme (WFP) as part of its strategic partnership with the humanitarian aid agency. A hand-over ceremony was held at WFP’s fleet center in Dubai [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Co. on Friday promoted Jose Munoz, the company’s global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago. Munoz has served as global COO of Hyundai Motor and [...]
SEOUL, Nov. 13 (Korea Bizwire) – Ford’s bestselling SUV, the Explorer, has made its latest debut in South Korea, with the automaker unveiling The New Ford Explorer at a showcase event held at Some Sevit in Seoul’s Seocho district on November 12. First introduced in North America in 1990 as Ford’s first four-door SUV, the Explorer [...]
SEOUL, Nov. 12 (Korea Bizwire) – BMW Group Korea announced plans to expand its regional distribution center (RDC) in Anseong, investing an additional 65 billion won over the next three years to increase the facility’s size by approximately 50%. The announcement came during a press briefing held on November 11 at the Anseong parts center for [...]
SEOUL, Nov. 12 (Korea Bizwire) – LG Electronics announced on November 11 the launch of its latest mobility innovation, the Digital Cockpit Gamma, a new concept that reimagines the driving experience through advanced automotive technology. This marks the third iteration in the company’s forward-looking cockpit series, following the Alpha and Beta versions released last year. The [...]