SEOUL, April 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, said Tuesday it has unveiled the Genesis GV80 Coupe Concept at its exhibition hall Genesis House New York. Inspired by the X Speedium Coupe Concept unveiled in New York last year, the GV80 Coupe Concept combines the practicality of a lifestyle-oriented SUV [...]
SEOUL, April 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 18 percent in the first quarter from a year earlier on robust sales of SUVs and eco-friendly models. Hyundai and Kia sold 382,354 vehicles in the world’s most important automobile market [...]
SEOUL, March 31 (Korea Bizwire) — KG Mobility, formerly known as SsangYong Motor Co., said Friday it has signed a knockdown (KD) unit vehicle export deal with a Vietnamese company. In the deal, KG Mobility will ship the KDs of the Tivoli, Korando and Torres SUVs in 2024 and those of the new Rexton, new [...]
GOYANG, March 30 (Korea Bizwire) — Carmakers have ramped up their electrification plans at the Seoul Mobility Show as countries move faster toward a zero-emission future amid global warming. Car manufacturers, including sports car brands like Porsche, are filling their portfolios with more electric vehicles (EVs) to survive the upcoming era of electrification. Under new [...]
SEOUL, March 28 (Korea Bizwire) — South Korean consumers are showing a stronger preference towards hybrids among the major models of domestic carmakers. According to Hyundai Motor Co., the cumulative sales of its Grandeur hybrid model based on the all-new Grandeur large-size sedan released at the end of last year reached 8,109 units in the [...]
SEOUL, March 25 (Korea Bizwire) — The Trax Crossover by General Motors Co. (GM) has received more than 6,000 preorders in South Korea after its debut earlier this week, industry sources said Saturday. The preorders that began Wednesday here are expected to top 10,000 early next week, they said. GM plans to fully operate its [...]
SEOUL, March 24 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Friday it has set up a branch in Thailand to gain a share in the local market dominated by Japanese carmakers. Hyundai has recently established Hyundai Mobility Thailand and will begin its operations on April 1, a company official said over the phone. [...]
SEOUL, March 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Wednesday it will host an exhibition at AP AGAIN in eastern Seoul to introduce the Re:Style project featuring fashion items made of waste vehicle materials. This project was designed to promote eco-friendly upcycling by establishing a link between automobiles and fashion, [...]
SEOUL, March 22 (Korea Bizwire) – SsangYong Motor Co. on Wednesday changed its name to KG Mobility to transform itself into a future mobility solutions company. SsangYong Motor finalized the name change at a shareholders’ meeting Wednesday to focus on the electric vehicle platform, software defined vehicle, autonomous driving and artificial intelligence for survival amid an accelerating [...]
SEOUL, March 22 (Korea Bizwire) — General Motors Co. (GM) on Wednesday began to sell the Trax Crossover in South Korea following its launch in the U.S. market late last year. GM plans to fully operate its Korean plant in Changwon, about 300 kilometers south of Seoul, until the second quarter to meet rising global [...]