SEOUL, April 25, (Korea Bizwire) — South Korea’s largest corporations are ramping up their responses to the renewed threat of U.S. tariffs under the Trump administration by stockpiling inventory and expanding production within the United States, signaling a shift toward more aggressive contingency planning. During first-quarter earnings calls on April 24, companies across the automotive, [...]
SEOUL, April 24 (Korea Bizwire) — Hyundai Motor Group said Thursday it has partnered with the Indian Institute of Technology (IIT) Delhi to establish a new research center in India aimed at advancing future mobility technologies, with a focus on electrification and battery systems. Under their partnership agreement signed Wednesday, the two sides will establish [...]
SEOUL, April 20 (Korea Bizwire) — As electric vehicle (EV) demand shows signs of plateauing, Hyundai Motor Group is shifting attention to hybrid technology, unveiling a next-generation hybrid system featuring a dual-motor transmission — a first for the company — to bridge performance, efficiency, and adaptability across its vehicle lineup. The new system, introduced at the [...]
SEOUL, April 17 (Korea Bizwire) — As speculation swirls over a potential withdrawal of General Motors (GM) from South Korea amid mounting pressure from U.S. tariff policy under the Trump administration, GM Korea has publicly rejected the rumors and reaffirmed its long-term commitment to the local market. Speaking at the media launch of Cadillac’s newly [...]
SEOUL, April 16 (Korea Bizwire) — Cadillac has officially unveiled its revamped flagship SUV, The New Escalade, in South Korea, signaling a major push to expand its luxury footprint in the competitive domestic market. At a media launch event held April 16 at the Ibex Studio in Gwangmyeong, Gyeonggi Province, the General Motors (GM) luxury brand [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has launched a revamped model of the company’s long-running Avante compact sedan with upgraded convenience and driver assistance systems as standard features. The new Avante includes features such as button-start ignition, a welcome lighting system and a smart trunk function as standard across [...]
LG Electronics Co. said Monday it has been named the most creative supplier of the year by General Motors Co. (GM) for its outstanding innovation and collaboration. At GM’s 33rd Supplier of the Year Awards held last week, LG Electronics received the Creativity Team Award in recognition of its role in redefining in-vehicle entertainment and [...]
SEOUL, April 10 (Korea Bizwire) — Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, held an annual mobility tech show in the United States this week, highlighting its vision and investment strategy for the North American market. The company’s fourth Mobis Mobility Day event was held in Detroit on Wednesday (U.S. time), [...]
SEOUL, April 8 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung will deliver a keynote speech at a U.S. forum expected to be attended by many key industry figures, including the top executive of General Motors Co. (GM), event organizers said. The forum, Automotive News Congress, will be held Sept. 11 in Detroit [...]
SEOUL, April 5 (Korea Bizwire) — Hyundai Motor Co. will freeze prices of all new vehicles sold in the United States through early June, a move aimed at easing consumer concerns over rising costs following Washington’s imposing of25 percent duties on all imported vehicles, the automaker’s American subsidiary said. Hyundai Motor America (HMA) said in [...]