SEOUL, June 3 (Korea Bizwire) — South Korea’s antitrust regulator issued a corrective order to GM Korea Co. for its restriction on dealerships’ advertising activities as the local unit of General Motors Co. has banned its dealerships from advertising through online media, excluding Facebook. The Fair Trade Commission (FTC) on Thursday ordered GM Korea to correct its [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Co. said Monday it will set up a Hyundai Motor Studio on mobile-based metaverse platform Zepeto to provide a variety of content about mobility life. The carmaker set up a virtual Hyundai Motor Studio in Zepeto’s Downtown, which depicts the actual Hyundai Motor Studio in Seoul. The [...]
SEOUL, May 30 (Korea Bizwire) — Hyundai Motor Co. plans to lower the autonomous driving speed limit of all-new G90 flagship sedan under its independent Genesis brand to 60 kilometers per hour in line with international standards. The South Korean top carmaker is scheduled to release a G90 equipped with Level 3 autonomous driving technology [...]
SEOUL, May 26 (Korea Bizwire) — Hyundai Motor Group on Wednesday held the Advanced Air Mobility (AAM) Tech Day 2022 at the Hyundai Motor Studio in Goyang, northwest of Seoul, inviting some 100 aviation specialists, professors and college students. AAM combines Hyundai’s original plans for urban air mobility (UAM) with regional air mobility (RAM). At [...]
SEOUL, May 25 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will add the upgraded Equinox SUV to its lineup next month to prop up its sales here. The midsized Equinox comes with a 1.5-liter gasoline turbo engine instead of the 1.6-liter GM Ecotec diesel engine [...]
SEOUL, May 25 (Korea Bizwire) — Hyundai Motor Group has launched a string of pilot projects to ensure better prediction of an electric vehicle (EV)’s battery lifespan by creating digital twins of actual electric vehicles. The group said Tuesday it has carried out a proof of concept for the development of an EV battery lifespan [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Tuesday it will invest 63 trillion won (US$49.8 billion) in its domestic businesses by 2025 in the latest move to become a future mobility solutions provider. The group’s three major affiliates — Hyundai Motor Co., Kia Corp. and Hyundai Mobis Co. –will make [...]
SEOUL, May 23 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, announced Sunday that it had developed the world’s first swivel display for automobiles, a 34-inch display that can move vertically. The 34-inch curved screen has a 6K OLED panel, and can move vertically in three ways. It maximizes visibility for [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Sunday it will invest an additional US$5 billion in the United States for robotics and autonomous driving software development, just a day after announcing a similar size investment to build an electric vehicle plant in the U.S. Hyundai Motor Group Chairman Euisun Chung [...]
SEOUL, May 21 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Saturday it will invest US$5.54 billion to build a dedicated electric vehicle and car battery manufacturing plant in the United States to further solidify its electrification push in the world’s most important automobile market. The announcement comes as U.S. President Joe Biden is [...]