SEOUL, July 26 (Korea Bizwire) – South Korea’s Hyundai Motor Co. on Wednesday raised its annual sales and profit guidance for the year after reporting a record operating profit in the second quarter on a weak won and robust sales of high-end models. Hyundai Motor projected its overall sales will grow 14-15 percent this year, [...]
SEOUL, July 26 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched the upgraded Avante N high-performance model in the domestic market as it strives to strengthen its high-end product lineup. The face-lifted sporty sedan comes with an eight-speed wet double-clutch transmission (DCT) and a 2.0-liter turbo flat power engine that can generate 280 horsepower, [...]
SEOUL, July 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Tuesday unveiled the design of the upgraded Sorento SUV ahead of its domestic launch next month. Kia plans to place the facelifted Sorento SUV with a gasoline, a diesel or an all-wheel-drive gasoline hybrid engine in the Korean market in [...]
SEOUL, July 21 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, announced that it has launched the 13th base of the Green Light Project in Albania last Wednesday (local time) as part of its corporate social responsibility activities. The company plans to offer medical support, in collaboration with the humanitarian aid group World Vision, [...]
SEOUL, July 21 (Korea Bizwire) — Hyundai Motor Group on Thursday hosted the Nano Tech Day 2023 event in in Myeongdong, central Seoul, and unveiled a variety of new nanotechnologies that will bolster its future mobility competitiveness. Among these technologies is the world’s first self-healing polymer coating, developed using nanomaterials. It can return a damaged [...]
SEOUL, July 21 (Korea Bizwire) — Hyundai Transys Inc., an auto parts unit of Hyundai Motor Group, said Thursday that its low-power and lightweight technologies, along with interior space utilization technology, into Kia Corp.’s all-electric EV9 flagship SUV. These advancements were developed to enhance the power consumption efficiency of electric vehicles. One of the innovative [...]
SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in Europe rose 3.3 percent in the January-June period from a year earlier, helped by robust sales of their SUV models. Hyundai and Kia sold a total of 575,432 vehicles in Europe in the first [...]
SEOUL, July 19 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., on Wednesday launched the upgraded Trailblazer compact SUV in South Korea to beef up its product lineup and boost sales. The face-lifted Trailblazer comes with a 1.35-liter gasoline E-Turbo engine, the company said in a statement. It is [...]
SEOUL, July 18 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, on Tuesday unveiled the design of the all-new Santa Fe SUV ahead of its planned world premiere in August. The fifth-generation Santa Fe is a full-change model from the fourth-generation one released in 2018. It comes with a maximized rear [...]
SEOUL, July 17 (Korea Bizwire) – South Korea’s car exports soared nearly 50 percent on-year in the first half of the year to reach an all-time high, driven by solid demand for eco-friendly cars, the industry ministry said Monday. The value of outbound shipments of automobiles came to US$35.7 billion during the first six months [...]