SEOUL, Oct. 18 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Tuesday it has recently begun to supply chassis modules for Mercedes-Benz AG’s four all-electric EV models assembled in the United States. Hyundai Mobis became the first non-European supplier of chassis modules for the German carmaker, the company said in [...]
SEOUL, Oct. 18 (Korea Bizwire) — Sport utility vehicles (SUVs) are sweeping South Korea’s car sales charts this year, thanks to a shift in consumer sentiment resulting from the COVID-19 pandemic and carmakers’ profitability-centered strategy. The domestic sales of SUVs, including recreational vehicles (RVs), stood at 618,384 units in the first nine months of this [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s car exports jumped 34.7 percent on-year in September on brisk demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to US$4.79 billion last month, the largest ever for any September, according to the data from the Ministry of Trade, Industry and [...]
SEOUL, Oct. 14 (Korea Bizwire) — Unionized workers at Kia Corp. have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company said Friday. Kia’s 30,000-strong union tentatively accepted the company’s proposals, including a 98,000 won (US$68) increase in basic monthly pay, three months of performance-based pay, [...]
SEOUL, Oct. 12 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will invest 18 trillion won (US$13 billion) to apply an advanced software program to all of its vehicles and offer its customers regular software updating services. The South Korean carmaker has decided to make the massive software investment to launch most of its [...]
SEOUL, Oct. 11 (Korea Bizwire) — Renault Group will make a massive investment in South Korea, which it sees as a key export hub for the French carmaker, in the next six years, the company’s chief executive officer said Tuesday. Renault is planning to invest hundreds of millions of euros in its South Korean operations [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s Hyundai Motor Co. beat its Japanese rivals to top global hydrogen vehicle sales during the January-August period, a market research firm said Tuesday. Hyundai Motor sold 7,410 hydrogen fuel-cell electric vehicles (FCEVs) in global markets in the eight-month period, jumping 26 percent from 5,873 units sold during [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, said Monday it will promote an advanced in-vehicle infotainment (IVI) system jointly developed with a Swiss company for next-generation vehicles. Hyundai Mobis and Luxoft are “at the final stage” of developing the IVI platform for future vehicles and will introduce [...]
SEOUL, Oct. 7 (Korea Bizwire) — Despite an improving supply of semiconductors, delivery delays for new automobiles are now worse than they were last year. Getcha, an online car sales platform, said deliveries of Hyundai Motor Co.’s Avante Grandeur sedans had been delayed by 10 months and seven months, respectively. In October of last year, [...]
SEOUL, Oct. 7 (Korea Bizwire) — Motional, a joint venture set up between Hyundai Motor Co. and U.S. mobility startup Aptiv, said Friday it has signed a 10-year deal to supply Hyundai’s IONIQ 5-based autonomous vehicles to Uber Technologies Inc. Under the deal, Motional will supply the all-electric IONIQ 5 driverless robo taxis to the [...]