SEOUL, July 5 (Korea Bizwire) — Kia Corp. is expected to post better-than-expected earnings for the second quarter on brisk sales at home and abroad, local brokerages said Monday. Kiwoom Securities Co. forecast the operating income of South Korea’s No. 2 automaker to stand at 1.58 trillion won (US$1.4 billion) for the April-June period, upgrading [...]
SEOUL, July 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 4.2 percent in June from a year earlier amid the extended COVID-19 pandemic, an industry association said Monday. The number of newly registered foreign vehicles fell to 26,191 units last month from 27,350 a year ago as the prolonged pandemic weighs [...]
SEOUL, July 4 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle sales in South Korea jumped nearly 40 percent in the first half of this year compared with a year earlier on strong demand for hybrid models and new electric vehicles, its sales data showed Sunday. The combined domestic sales of eco-friendly models by the [...]
SEOUL, July 2 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. said Friday its fleets of Xcient fuel cell trucks have surpassed 1 million kilometers of driving since they hit the roads in Switzerland nearly a year ago. Hyundai Motor has shipped a total of 46 Xcient heavy-duty truck trucks to the European nation [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales jumped 44 percent in the United States last month from a year earlier on strong demand for their SUVs. Hyundai and Kia sold 140,951 vehicles in the U.S. in June, up from 98,005 units in the [...]
SEOUL, July 1 (Korea Bizwire) — South Korean carmakers’ sales rose 15 percent last month from a year earlier as overseas demand remained steadfast despite the extended COVID-19 pandemic, industry data showed Thursday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Motor Co. is moving toward electric vehicles to join the global automotive trend, but its workers at the leading automaker fret over the prospect of less assembly work and want job security in the changing business environment. Hyundai Motor’s labor union is girding for a battle after it [...]
SEOUL, June 27 (Korea Bizwire) – U.S. automakers overtook Japanese brands to take the No. 2 spot in the imported car market in South Korea last year, a report showed Sunday, taking advantage of local consumers’ boycott of Japanese products over trade and wartime legacy disputes. A total of 46,000 cars from U.S. automakers were [...]
SEOUL, June 27 (Korea Bizwire) — Cumulative electric vehicle (EV) sales in Europe from South Korea’s two largest automakers — Hyundai Motor Co. and Kia Corp. — have surpassed 200,000 units, company data showed Sunday. Hyundai and Kia, both under Hyundai Motor Group, had sold a combined 227,919 EVs in the European auto market as [...]
SEOUL, June 25 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Thursday that it had developed a so-called ‘clusterless HUD’ for the first time in the world. The clusterless HUD is a combination of a digital cluster that shows diverse information about a vehicle’s operation on a simplified screen, with [...]