SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s Hyundai Motor Group on Wednesday opened its driving experience center at a tiremaker’s proving ground to offer customers test-driving opportunities. Hyundai has completed the HMG Driving Experience Center inside Hankook Tire & Technology Co.’s proving ground facility in Taean on the western coast of the country, the [...]
SEOUL, Sept. 6 (Korea Bizwire) — Top domestic and imported automakers Hyundai Motor and Mercedes-Benz may give way to other competitors in sales performance this year. A total of 37,371 units of automobiles from Kia Corp. were newly registered last month, surpassing Hyundai (35,993 units including those from the Genesis brand) to become the top [...]
SEOUL, Sept. 6 (Korea Bizwire) — Audi Korea said Tuesday it will add an all-electric compact SUV model to its lineup in South Korea to better compete with its rivals in the burgeoning local EV market and boost sales. Audi will begin to deliver the Q4 e-tron 40 SUV and its sportback version on Sept. [...]
SEOUL, Sept. 5 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 7.8 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday. The number of newly registered foreign vehicles stood at 23,850 units last month, up from 22,116 units a year ago, the Korea Automobile [...]
SEOUL, Sept. 5 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Monday it will promote its high-end auto parts at an U.S. auto show this month to strengthen its presence in the world’s most important automobile market. Hyundai Mobis aims to explore new opportunities to sell its electric complete chassis [...]
SEOUL, Sept. 5 (Korea Bizwire) — The Genesis G90, the flagship sedan of Hyundai Motor Co.’s luxury brand Genesis, has racked up strong sales since its release earlier this year. Genesis reported that a total of 14,658 units of G90, priced at over 100 million won (US$73,280) each, were sold in the South Korean market [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 18 percent last month from a year earlier despite the prolonged global chip shortage. Hyundai, its independent Genesis brand, and Kia sold 135,526 vehicles in the world’s most important automobile market [...]
SEOUL, Sept. 1 (Korea Bizwire) — Plug-in hybrid electric vehicles (PHEVs) from Hyundai Motor Co. and its affiliate Kia Corp. are selling well despite the global popularity of EVs. Hyundai Motor Group reported that since PHEVs were first released in 2015, the average annual sales growth reached 106.8 percent, easily surpassing EV’s annual sales growth [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-biggest tiremaker by sales, said Monday it will invest 2.1 trillion won (US$1.5 billion) to expand its existing U.S. tire manufacturing plant by early 2026. Hankook Tire currently produces 5.5 million tires a year for passenger vehicles and light-duty trucks in the [...]
SEOUL, Aug. 29 (Korea Bizwire) — Hyundai Motor Group has unveiled a brake failure response system for autonomous vehicles via its corporate website. In a situation that calls for brakes to be applied, the system checks the operation of the main braking device through an engine control unit (ECU). If there is no response, it [...]