SEOUL, Oct. 22 (Korea Bizwire) — Hyundai Motor Group will morph into a future mobility solutions provider as many carmakers are expected to disappear amid oversupply and rapidly changing appetites for vehicles, the group’s heir apparent said Tuesday. In a town hall meeting with 1,200 executives and employees at the group’s headquarters in southern Seoul, [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s Hyundai Motor Group is seeking to start mass production of autonomous vehicles within five years, the group’s heir apparent has said as the company decided to form a US$4-billion joint venture for driver-less cars. In a luncheon meeting with Korean correspondents in New York on Monday (local [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s Hyundai Motor Group, a staunch auto manufacturer here, is now undergoing seismic changes on a move to morph into a future mobility solutions provider under its heir apparent’s leadership, by focusing on future vehicles, such as autonomous and connected cars. Executive Vice Chairman Chung Eui-sun, 50, has [...]
SEOUL, May 23 (Korea Bizwire) — The heir apparent of Hyundai Motor Group has vowed to make South Korea’s largest automaker a leading smart mobility solutions provider, emphasizing the need to build strategic partnerships with other mobility companies. Chung Eui-sun, Hyundai Motor Group’s Executive Vice Chairman, said the group must be recognized beyond being a [...]
SEOUL, Sept. 7 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, will transform itself into a smart mobility solutions provider, a top executive said Friday, in an ambitious plan to stay ahead of global competition in the auto industry. Chung Eui-sun, vice chairman at Hyundai Motor, said hybrid vehicles, electric vehicles, [...]
SEOUL, Nov. 10 (Korea Bizwire) – Hyundai Motor Co. Vice Chairman Chung Eui-sun bought an additional stake in the country’s leading automaker on Tuesday as part of efforts to tighten his grip on the company and protect shareholders’ value, the company said. Chung, the son of Hyundai Motor Group Chairman Chung Mong-koo, spent nearly 300 [...]