SEOUL, Oct. 26 (Korea Bizwire) — Kia Corp., Ford Sales & Service Korea and four other car companies will voluntarily recall over 75,000 vehicles due to defective components, the transport ministry said Thursday. The companies, which also include Hyundai Motor Co., BMW Korea, Porsche Korea and Mercedes-Benz Korea, are recalling a combined 75,348 units of [...]
SEOUL, Oct. 25 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, said Wednesday it plans to sell refurbished used cars produced by the company, similar to the program launched by its larger affiliate, Hyundai Motor Co., this week. The company announced it will start selling refurbished secondhand Kia units, including both electric vehicles (EVs) [...]
SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. on Tuesday began selling refurbished used cars produced by the company and its luxury brand Genesis, with a goal of selling 5,000 certified secondhand models within the year. The company launched its “Hyundai Certified” and “Genesis Certified” initiatives under which customers can purchase secondhand models that [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it has signed a joint venture deal with Saudi Arabia’s Public Investment Fund (PIF) to build a car assembly plant in the Middle Eastern country. Under the deal signed Sunday in Riyadh, the two sides will jointly invest over US$500 [...]
SEOUL, Oct. 20 (Korea Bizwire) — Hyundai Motor Group on Friday unveiled a goal to sell over 550,000 vehicles annually in the Middle East by 2030, with the aim of acquiring a 20 percent share of the regional market. The group said in its newly announced mid- to long-term business vision for the Middle East [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co. said Thursday it plans to launch a program to sell refurbished used cars produced by the company and its luxury brand Genesis, with a goal to sell 5,000 certified secondhand models within the year. Hyundai said it will begin sales of used models next Tuesday under [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s leading carmakers Hyundai Motor Co. and Kia Corp. said Wednesday they have inked a strategic partnership with the German automotive chipmaker Infineon Technologies AG, so as to secure its power semiconductor supply chain. Under the deal, sealed Tuesday in Munich, Germany, the companies will cooperate in developing [...]
SEOUL, Oct. 15 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, and its affiliate Kia Corp. sold more than a combined 200,000 eco-friendly vehicles in the United States in the January to September period, according to the companies Sunday. The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in [...]
SEOUL, Oct. 15 (Korea Bizwire) – The labor union of Kia Corp., South Korea’s second-largest automaker, said Sunday it has failed to settle wage talks with the company again, raising the possibility of it staging a partial strike starting later this week. Unless the two sides resume negotiations and reach an agreement by Tuesday, the [...]
YEOJU, South Korea, Oct. 12 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, unveiled two brand new concept electric vehicle (EV) units with the goal to commercially launch the midsize SUV and sedan models in 2024. At a 2023 Kia EV Day press event held in Yeoju, 62 kilometers southeast of Seoul, Kia revealed [...]