SEOUL, Feb. 19 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday it became the best-scoring mass-market brand in this year’s J.D. Power’s Vehicle Dependability Study results. Kia beat perennial No. 1 Toyota Motor Corp. and 16 other mass-market brands to become the most dependable mainstream brand in terms of problems owners of [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will partner with LG Energy Solution Ltd. and a local taxi operator for a pilot battery lease program for electric taxis. The nation’s largest automaker and battery maker and KST Mobility, the operator of Macaron Taxi, signed a memorandum of understanding at Hyundai’s [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s top financial regulator said Wednesday it would be better to keep SsangYong Motor Co. afloat as its bankruptcy would result in massive job losses. Financial Services Commission (FSC) Chairman Eun Sung-soo made the remark during a meeting of the National Assembly National Policy Committee, answering a lawmaker’s [...]
SEOUL, Feb. 17 (Korea Bizwire) — With or without Apple, Hyundai Motor Group is in full gear to transform itself from a traditional automaker to a mobility provider. After having been in the media spotlight as a potential partner for Apple’s car project, Hyundai Motor Co. and its affiliate Kia Corp. said last week they [...]
SEOUL, Feb. 17 (Korea Bizwire) — Kia Corp. South Korea’s No. 2 carmaker, on Wednesday revealed the exterior design of the new large sedan K8, the first model that bears its new brand logo. The K8 is a successor of K7, better known as Cadenza in the United States, which has sold over 500,000 units [...]
SEOUL, Feb. 16 (Korea Bizwire) – A fire broke out on a Hyundai Motor Co. electric bus, the latest in a series of accidents involving the company’s electric vehicles, but no one was hurt, authorities and company officials said Tuesday. The accident happened on Monday when the battery mounted on the bus roof caught fire [...]
SEOUL, Feb. 16 (Korea Bizwire) — Financially troubled carmaker SsangYong Motor Co. said Tuesday it will extend the suspension of its local plant this week due to a lack of parts from contractors. SsangYong Motor already halted its plant in Pyeongtaek, 70 kilometers south of Seoul, on Dec. 24, Dec. 28, Feb. 3-5 and Feb. [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s auto exports jumped 29.5 percent on year in January, as global demand showed signs of modest recovery from the coronavirus pandemic, data showed Monday. The nation’s auto production and domestic sales rose 24.9 percent and 18.4 percent on year in January, respectively, according to the data from [...]
SEOUL, Feb. 15 (Korea Bizwire) — Hyundai Motor Co. on Monday unveiled the interior design of the IONIQ 5, the first all-electric model with its own electric vehicle platform, ahead of its global unveiling next week. The IONIQ 5 midsize crossover vehicle comfortably accommodates both passengers and cargo as the electric-global modular platform allows for [...]
SEOUL, Feb. 14 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. aim for a 13 percent increase in U.S. sales this year by selling more SUV and high-end models. Hyundai and Kia are targeting to sell a combined 1,360,000 vehicles in the U.S. market in 2021, up from 1,208,374 units they sold a [...]