SEOUL, Sept. 18 (Korea Bizwire) — Hyundai Motor Company revealed yesterday the launch of a campaign to help financially-challenged car owners by repairing vehicles that may be on their last legs. According to the new campaign, people owning Hyundai vehicles can write to the car producer explaining why they were unable to better maintain their [...]
SEOUL, Sept. 7 (Korea Bizwire) — U.S. activist fund Elliott Management has further tightened the screws on Hyundai Motor Group, calling on the South Korean automaker to adopt a fresh restructuring plan. Raising objections to Hyundai’s earlier plan to streamline its ownership structure, the U.S. entity has called for it to adopt a holding company [...]
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, Aug. 30 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are considering shipping some of their cars made in China to Southeast Asia amid lackluster sales in the world’s biggest automobile market. Still, a Hyundai official said it could take time before making a final decision. He [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Wednesday it will create a solar power plant on its export pier in the southeastern city of Ulsan to generate clean energy. Hyundai Motor will install a 27-megawatt solar power plant on its shipping pier and a test driving center in [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Motor Co. said Monday it has invested in Indian car sharing firm Revv to supply it with vehicles and jointly develop new mobility services for Indian customers. Investment in the Delhi-based shared mobility platform is the latest in Hyundai’s series of investments in global car sharing companies as [...]
SEOUL, Aug. 13 (Korea Bizwire) — An advertisement video for South Korea’s No. 1 carmaker, Hyundai Motor Co., has drawn a record 215 million views on YouTube, according to an ad agency Monday. The video was produced by Innocean Worldwide Inc. to celebrate the 20th anniversary of the South Korean automaker’s inroads into the Indian [...]
SEOUL, Aug. 9 (Korea Bizwire) — Hyundai Motor said Thursday it will stop production of diesel versions of four car models due to weak sales. The diesel models of the midsize Sonata, compact i30, full-size Grandeur and sport utility vehicle Maxcruz will no longer be manufactured as of Friday, and only those remaining in stock [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. said Thursday it has launched its “#whatsnext” marketing campaign in Saudi Arabia following the Islamic country’s decision to allow women to drive cars. Saudi Arabia allowed women to drive cars for the first time on June 24. Hyundai said it released a [...]
SEOUL, Jul. 25 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, has invested in last-mile logistics companies as part of efforts to secure a new growth driver, the company said Wednesday. Last-mile logistics refers to the final step of the delivery process from a distribution center or facility to the end [...]