SEOUL, Sept. 19 (Korea Bizwire) – The government decided to extend subsidies for diesel vehicle drivers until the end of this year to help ease their burden from high fuel costs, Finance Minister Choo Kyung-ho said Monday. In May, the government began implementing the subsidy scheme for cargo truck drivers and others using diesel vehicles [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean carmakers’ global market share slightly fell to 7.7 percent in the first half from a year earlier amid the extended chip shortage, industry data showed Sunday. From January to June, Korean carmakers sold a total of 2.1 million vehicles in the world’s eight major markets, down 9.9 [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. said Thursday it has been selected for the 2021 Targeted Airshed Grants provided by the U.S. Environmental Protection Agency and it will be supplying hydrogen-powered trucks for the program. The TAG was first initiated by the EPA in 2015. It is a funding [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s car exports jumped 35.9 percent on-year in August on brisk global demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to US$4.12 billion last month, the largest ever figure for any August, according to the data from the Ministry of Trade, [...]
SEOUL, Sept. 14 (Korea Bizwire) — Global automakers are identifying their eco-friendliness with distinguished colors, with blue and red enjoying growing popularity, Hyundai Motor Group said Tuesday. Blue is a color representing environmental friendliness, while red is associated with copper, the core component of electric vehicles. According to a report released by a global chemical [...]
SEOUL, Sept. 13 (Korea Bizwire) — A vehicle with basic Level 3 self-driving technology will make its first appearance in South Korea in the fourth quarter of this year. Genesis, the luxury brand of Hyundai Motor Co., said it will introduce its Level 3 Highway Driving Pilot (HDP) system on the all-new G90 sedan up [...]
SEOUL, Sept. 8 (Korea Bizwire) — Hyundai Motor Co.’s all-electric Genesis GV60 SUV has obtained the highest safety rating in the European New Car Assessment Programme (Euro NCAP), the company said Thursday. The GV60 entered the European market in June and secured the maximum five-star rating from Euro NCAP, Europe’s leading independent safety testing organization. [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s Hyundai Motor Group has slipped by one notch to fifth place in Greenpeace’s 2022 auto environmental guide that analyzed the decarbonization efforts by the top 10 global carmakers. The annual report released Thursday by Greenpeace East Asia ranks the top 10 global automakers after assessing them in [...]
SEOUL, Sept. 8 (Korea Bizwire) — Consumer complaints are growing as Hyundai Motor Co. is preventing customers from overlapping contracts amid prolonged delivery delays. According to industry sources, Hyundai sales staff are asking those who signed more than two contracts simultaneously to buy either Hyundai-branded or Genesis-branded electric vehicle (EV) models to select only one [...]
SEOUL, Sept. 7 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automaking group, and telecom giant KT Corp. will strengthen their partnership in future mobility solutions business through share-swap deals amid growing demand for electric and autonomous vehicles, the two companies said Wednesday. Under the share swap deals, KT will exchange its own 7.7 [...]