SEOUL, Jul. 23 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. are gearing up to release ambitious new midsize sport utility vehicle (SUV) models this year to tackle the popular family leisure car market segment dominated by local industry leaders Hyundai Motor Co. and Kia Corp. KG Mobility, formerly known as Ssangyong [...]
SEOUL, Jul. 10 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are aiming for a rebound in domestic electric vehicle (EV) sales in the second half of the year with reasonably priced new entry-class compact models. According to industry data, Hyundai Motor sold a total of 16,842 EVs domestically in [...]
SEOUL, Jul. 4 (Korea Bizwire) — Full-fledged production of Casper Electric, Hyundai Motor Co.’s highly anticipated all-electric mini SUV, will begin in South Korea’s southwestern city of Gwangju later this month, according to industry officials, with a target output of 21,400 units by the end of the year. Gwangju Global Motors (GGM), a Hyundai Motor [...]
SEOUL, Jun. 25 (Korea Bizwire) – Hyundai Motor Company announced on June 24 that it has achieved the fastest time for a production electric vehicle at the prestigious Pikes Peak International Hill Climb in Colorado, held on June 23. The Pikes Peak International Hill Climb, often referred to as the “Race to the Clouds,” is the [...]
SEOUL, Jun. 21 (Korea Bizwire) — Combined vehicle sales of Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, in Europe fell 4.9 percent in May from a year ago, industry data showed Friday. According to data from the European Automobile Manufacturers’ Association (ACEA), Hyundai and Kia sold a combined 92,196 units in Europe [...]
SEOUL, Jun. 19 (Korea Bizwire) – Hyundai Motor’s share price reached a historic peak on June 18, propelled by the anticipated effects of its Indian subsidiary’s initial public offering (IPO). Kia Motors, which had traded range-bound after its dividend payout following a March high, also surpassed its previous record, with both automakers setting new highs on [...]
SEOUL, Jun. 15 (Korea Bizwire) – In a nationwide survey asking South Koreans to name the former president and business leader they most admire, Roh Moo-hyun and Hyundai’s founder Chung Ju-yung topped the respective lists, highlighting their enduring legacies. The poll by Gallup Korea, conducted between March 22 and April 5 with 1,777 respondents aged 13 [...]
SEOUL, Jun. 5 (Korea Bizwire) –Hyundai Motor Company has introduced the 2025 Grandeur, a revamped version of its flagship sedan, the company announced on June 5. Since its debut in 1986, the Grandeur, once nicknamed the “executive car,” has been Hyundai’s signature sedan. Last year, it solidified its position as a best-selling vehicle in South [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]
SEOUL, May 28 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has hired a former Porsche engineer who led the development of the luxury sports car brand’s first electric vehicle (EV), Taycan, as it strives to further improve its vehicles’ performance. The South Korean carmaker has appointed Manfred Harrer as executive vice president and [...]