SEOUL, Sept. 7 (Korea Bizwire) — With Hyundai Motor Co. and affiliate Kia Corp.’s sedan sales plunging to a new low, South Korea’s automobile market is now being driven by SUV sales. Data from the month of August showed that sedan and hatchback sales accounted for a mere 33.9 percent (31,179 vehicles) of all car [...]
SEOUL, Sept. 6 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will raise the ratio of electrified vehicles to 80 percent by 2040 in global sales. All-electric and hydrogen fuel-cell electric vehicles currently account for a mere 1.5 percent of Hyundai’s global sales, and it initially aims to raise the [...]
SEOUL, Sept. 3 (Korea Bizwire) — A Seoul appeals court sharply reduced the fine for Audi Volkswagen Korea (AVK) on Friday after clearing the company of much of the charges in its diesel emissions scandal. The Seoul High Court ordered the South Korean unit of the German carmaker to pay a 1.1 billion won (US$950,800) [...]
SEOUL, Sept. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 1 percent in August from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered foreign vehicles rose to 22,116 units last month from 21,894 a year ago, the Korea Automobile Importers & [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Thursday their U.S. sales fell 4.5 percent in August from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold a combined 110,209 vehicles last month, down from 115,376 units a year earlier, according to the companies’ [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Group’s independent Genesis brand said Thursday it will launch only hydrogen fuel cell or battery-powered vehicles from 2025 in line with its rival carmakers’ electrification push. The Genesis brand will complete its lineup with eight hydrogen and battery models by 2030 and aims to sell 400,000 units [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 4.5 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 Wednesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped global hydrogen fuel-cell electric vehicle sales in the January-July period, a market research firm said Wednesday. Hyundai sold a total of 5,300 units of hydrogen-powered vehicles in the first seven months, beating Toyota Motor Corp. and Honda Motor Co., which sold 4,100 and [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Wednesday unveiled the mini SUV Casper in the latest move to diversify its product lineup. The Casper comes with a 1.0-liter multi-point injection engine or a 1.0-liter gasoline direction injection engine, the company said in a statement. Hyundai plans to launch [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s Hyundai Motor Group on Tuesday unveiled the IONIQ 5-based self-driving robo taxi ahead of its showcase at the IAA Mobility 2021 in Munich next week. Hyundai Motor Group and Motional, the Hyundai-Aptiv joint venture, have jointly developed the IONIQ 5 robo taxi with the Level 4 autonomous [...]