SEOUL, Feb. 27 (Korea Bizwire) – U.S. activist fund Elliott Management has begun to put pressure on Hyundai Motor Co. by recommending an outside director and demanding a higher yield. A shareholder in both Hyundai Motor and Hyundai Mobis Co., Elliott Management exercised the right of shareholder’s proposal to recommend a new outside director. However, the two [...]
SEOUL, Feb. 13 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s top auto parts maker, said Wednesday that it has begun operations of a hydrogen fuel cell-based power generator. The generator employed at the company’s Chungju factory, 147 kilometers southeast of Seoul, is equipped with fuel cells powering the midsize Nexo SUV. The Nexo hydrogen [...]
SEOUL, Jan. 9 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s biggest auto parts maker, introduced a “Level 4″ full self-driving automation technology at the Consumer Electronics Show (CES) in Las Vegas, the company said Wednesday. In a Level 4 car, there is no need for the driver to take control, as the vehicle is [...]
SEOUL, May 29 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, has emerged as a key supplier of General Motors Co. after it secured a US$1.1 billion deal to provide auto parts for eight years, the company announced Tuesday. The Detroit-based carmaker recently picked Hyundai Mobis as one of [...]
SEOUL, May 9 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Wednesday it aims to make inroads into the global automotive digital instrument cluster market to generate future growth. Hyundai Mobis, the auto component affiliate of Hyundai Motor Group, said it began production of 7-inch digital instrument clusters [...]
SEOUL, April 26 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its [...]
SEOUL, April 24 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Tuesday it has developed an advanced suspension system that helps reduce the body lean of cars during cornering. The company said five years of work went into its electrical Active Roll Stabilization (eARS), which not only improves handling on turns but also [...]
SEOUL, Apr. 19 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it will test a self-driving vehicle in the United States this year, with an aim to mass-produce a semi-autonomous car in 2022. The company said it plans to start test driving a vehicle named M.BILLY on the motorways [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s largest auto parts maker, said Thursday it will develop a safety system by 2021 aimed at preventing accidents caused by drivers dozing off at the wheel. Hyundai Mobis plans to introduce the Departed Driver Rescue & Exit Maneuver (DDREM) technology that allows the vehicle [...]
SEOUL, Oct. 30 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, said Monday its third-quarter net profit plunged 32 percent on lower demand from China. For the three months that ended on Sept. 30, net profit declined to 482.2 billion won (US$429 million) from 705.8 billion won a year earlier, the company [...]