SEOUL, Dec. 22 (Korea Bizwire) — Kia Motors Corp.’s union has agreed on a tentative wage deal for the year as the coronavirus pandemic continues, the company said Tuesday. Kia’s 30,000-strong union tentatively accepted the company’s proposals, including 1 1/2 months of merit-based remuneration, 1.2 million won (US$1,080) in special COVID-19 allowance and 1.5 million [...]
SEOUL, Dec. 22 (Korea Bizwire) — About 100 owners of Hyundai Motor Co.’s Kona electric vehicle (EV), for which the South Korean carmaker recently made a recall following a string of fires, are set to file a second class action lawsuit by the end of this month. The Kona EV owners plan to submit a [...]
SEOUL, Dec. 21 (Korea Bizwire) — Financially-troubled SsangYong Motor Co. said Monday it has filed for court receivership as it struggles with snowballing debts amid the COVID-19 pandemic. The decision comes after SsangYong Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., failed to pay 60 billion won (US$54.8 million) worth of [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Group has developed a mobile application specialized for the automobile industry as part of efforts to promote smooth cooperation between its employees in and outside of South Korea. The company recently announced the launch of an artificial neural network-based translation app H-Translator that enables users to communicate [...]
SEOUL, Dec. 18 (Korea Bizwire) — Unionized workers at GM Korea Co. agreed Friday to accept the company’s revised wage proposals amid the prolonged COVID-19 pandemic. GM Korea workers voted in favor of the second tentative wage and collective agreement deal in a two-day vote that ended on Friday. The workers rejected the first tentative [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. said Friday it seeks to raise its stake in its plant in Turkey by acquiring a 27 percent stake held by Kibar Holding in preparation for the post-coronavirus recovery. Early this month, Hyundai Motor submitted documents to the Turkish authorities to buy most of Kibar’s stake [...]
SEOUL, Dec. 17 (Korea Bizwire) — Motional, the Hyundai Motor-Aptiv joint venture, said Thursday it has partnered with U.S. ride-sharing firm Lyft Inc. to launch driverless robotaxi services in major U.S. cities in 2023. Motional said it plans to deploy fully autonomous vehicles, which are based on the Korean automaker Hyundai Motor’s platform, in Lyft’s [...]
SEOUL, Dec. 16 (Korea Bizwire) — Hyundai Motor Group announced on Tuesday that it had developed ‘Little Big e-Motion,’ an innovative electric minicar that employs emotion recognition technology, for use in the treatment of sick children. The mini electric vehicle (EV) features Emotion Adaptive Vehicle Control (EAVC) technology that enables seamless interactions between vehicle and [...]
SEOUL, Dec. 15 (Korea Bizwire) — Hyundai Motor Group, South Korea’s second-largest conglomerate, on Tuesday named the new CEO for its flagship unit in its latest senior executive reshuffle focusing on future growth. The automotive titan promoted Chang Jae-hoon, an executive vice president who led Hyundai Motor Co.’s domestic sales business and its luxury marquee [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped the global hydrogen vehicle sales in the first nine months of the year on rising demand for the Nexo model, data showed Monday. In the first nine months, Hyundai Motor sold a total of 4,917 hydrogen fuel cell electric vehicles, accounting for 74 [...]