SEOUL, Jan. 20 (Korea Bizwire) – The market capitalization of Hyundai Motor Co. was seen approaching the 100 trillion-won (US$67.7 billion) level for the first time Tuesday, as growing investor optimism over its robotics and autonomous driving initiatives drove the company’s share price toward record highs. The share price of Hyundai Motor rose as high [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung said artificial intelligence will reshape industrial competition and open new growth avenues for the company, while warning that success will depend on quicker decision-making and clearer internal communication as global risks intensify. In a prerecorded New Year’s roundtable with senior executives released Monday, [...]
SEOUL, Nov. 11 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it has been selected as the supplier for an Indonesian electric bus project on the resort island of Bali. The company said its quality competitiveness, after-sales service program and experience in eco-friendly public projects were recognized by the project organizers. Under the agreement, Hyundai [...]
SEOUL, Oct. 31 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading carmaker, said Friday it will strengthen collaboration with Nvidia Corp. to accelerate innovation in artificial intelligence (AI)-based future mobility solutions through a new AI infrastructure powered by the U.S. firm’s latest Blackwell chips. The two companies have agreed to jointly develop AI capabilities [...]
SEOUL, Oct. 20 (Korea Bizwire) — While Hyundai Motor struggles under tariff pressures in its largest market, the United States, the South Korean automaker is finding fresh momentum in Europe, buoyed by surging sales and strong demand for electric and hybrid vehicles. According to Hyundai’s investor relations data released on October 19, the company’s passenger car [...]
SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor Group’s business portfolio and financial health compare favorably with those of major global automakers, but industry analysts warn that South Korea’s auto industry could lose ground unless Seoul secures a reduction in U.S. tariffs, now set higher than those for Japanese rivals. According to a report released Tuesday [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s automotive giant Hyundai Motor Group has decided to increase to US$26 billion its investment commitment to the United States over the next four years, with a focus on steel, automobiles and robotics, the group said Tuesday. The investment, which was unveiled following President Lee Jae Myung’s first [...]
SEOUL, Aug. 25 (Korea Bizwire) – Unionized workers of Hyundai Motor Co. on Monday voted in favor of launching a strike to demand higher pay, the union said, a move that could lead to the company’s first walkout in seven years. In a daylong vote, 86.15 percent of members supported the strike plan, with nearly [...]
SEOUL, Aug. 21 (Korea Bizwire) — Euisun Chung, the executive chair of Hyundai Motor Group, has highlighted the role of customers in the group’s growth and the future of the mobility industry in an interview with a leading U.S. automotive media outlet published Thursday. The interview with Automotive News was conducted on the occasion of [...]
SEOUL, Aug. 5 (Korea Bizwire) —Hyundai Motor Co. said Tuesday it has held a commemorative event for the launch of its fandom community in Japan to strengthen its presence and customer engagement in the neighboring country. The two-day event for the launch of Hyundai Motor Club Japan was held from Sunday at a camp site [...]