SEOUL, Nov. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 22 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. on Thursday unveiled its second high-performance road bicycle made in collaboration with a local company. The road bicycle WAWS Pro N and MTB Hexion 29 N, released in February of last year, were Hyundai’s first collaboration project with Wiawis, a South Korean premium [...]
SEOUL, Oct. 28 (Korea Bizwire) — Hyundai Motor Co.’s Tucson plug-in hybrid SUV has swept the top spots in a string of comparison tests conducted by renowned German auto magazines. In the latest edition of Auto Zeitung, Tucson ranked first in a test comparing same-class plug-in hybrid vehicle (PHEV) models including the Volkswagen Tiguan, Peugeot [...]
SEOUL, Oct. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its third-quarter net profit rose sharply due to a lack of one-off costs, but chip shortages remain a major concern for the carmaker. Net profit for the three months ended in September jumped more than eightfold to 1.135 trillion won (US$970 [...]
SEOUL, Oct. 27 (Korea Bizwire) — The Brazilian passenger car market has been dominated by Volkswagen AG, Fiat Chrysler Automobiles N.V. and General Motors Co., until Hyundai Motor Co. grabbed the No. 2 spot last month for the first time in its history, bringing an end to the trio’s dominance. Hyundai sold 14,197 vehicles in [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Tuesday achieved a turnaround in the third quarter from a year earlier on a base effect but revised down its annual sales target due to chip shortages. For the three months ended on Sept. 30, Hyundai Motor swung to a net profit of [...]
SEOUL, Oct. 26 (Korea Bizwire) — Compact sports utility vehicles are rising as the new standard in the South Korean market as they are bulking up to the size of midsize SUVs. South Korean automakers’ sales performance in the third quarter (July to September) of this year included 49,495 units of compact SUVs sold, topping [...]
SEOUL, Oct. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea rose 14 percent in September from a year earlier on recovering demand amid the extended coronavirus pandemic, an industry association said Tuesday. The number of newly registered imported commercial vehicles climbed to 412 units last month from 363 a year earlier, [...]
SEOUL, Oct. 25 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will help Indonesia establish the infrastructure for electric vehicles as part of its expansion strategy. Hyundai Motor Group Chairman Euisun Chung said the company will help Indonesia in activating the EV ecosystem and make the EV industry a future growth driver. [...]
SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, has developed a new 90-degree rotatable wheel for automobiles. The company said Sunday that it succeeded in developing a new wheel technology dubbed e-Corner Module by integrating the automobile’s steering, braking, suspension and driving systems in a package on each [...]