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Hyundai to Up Stake in U.S. Wireless Tech Firm

Hyundai to Up Stake in U.S. Wireless Tech Firm

SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand its investment in U.S. wireless technology company Metawave for an improved partnership on autonomous vehicles. Hyundai Motor made an initial investment in Metawave last year in a bid to jointly develop cutting-edge radar technology for autonomous vehicles. This year, it will [...]

Hyundai Streamlines Governance Structure for M&As, Build Up Core Business

Hyundai Streamlines Governance Structure for M&As, Build Up Core Business

SEOUL, March 29 (Korea Bizwire) – Hyundai Motor Group’s plan to streamline its governance structure among affiliates will pave the way for future mergers and acquisitions and help it focus on its mainstay car manufacturing business, local analysts here said Thursday. On Wednesday, the country’s biggest carmaker announced it will spin off the module manufacturing and after-sales [...]

Hyundai Unveils Essentia Concept at New York Auto Show

Hyundai Unveils Essentia Concept at New York Auto Show

SEOUL, Mar. 29 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, said Thursday that it has unveiled its Essentia concept at the New York International Auto Show. The all-electric, high-performance concept provides a vision of the future of the Genesis luxury sub-brand, the carmaker said. Hyundai Motor produces Genesis-badged models under an independent [...]

Hyundai Unveils New Concept Car at Geneva Motor Show

Hyundai Unveils New Concept Car at Geneva Motor Show

SEOUL, March 6 (Korea Bizwire) – South Korea’s top carmaker, Hyundai Motor Co., has chosen this year’s first major auto show to display its latest concept, allowing the public to get a glimpse of its new design direction going forward, the company said Tuesday.  Hyundai Motor took the wraps off its Le Fil Rouge concept car, developed under the project name of HDC-1, at the 88th Geneva International Motor Show [...]

Hyundai’s New Santa Fe Shows Off Its Superior Value Proposition Ahead of U.S. Debut

Hyundai’s New Santa Fe Shows Off Its Superior Value Proposition Ahead of U.S. Debut

ILSAN/PAJU, South Korea, Feb. 21 (Korea Bizwire) – Hyundai Motor Co.’s all-new Santa Fe sport-utility vehicle showed off its superior value proposition on the roads near Seoul ahead of its planned launches in global markets, starting with the United States this summer. In the 100 minutes-long 120 kilometer course through the towns of Ilsan and Paju, just northwest of the capital city, the fully-revamped Santa Fe, [...]

Hyundai Aims to Sell 10,000 Hydroelectric Vehicles by 2022

Hyundai Aims to Sell 10,000 Hydroelectric Vehicles by 2022

(image: Hyundai Motor) PYEONGCHANG, Feb. 5 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Monday it aims to have sold 10,000 hydrogen-powered NEXOs in global markets by 2022. The hydrogen fuel-cell electric vehicle will go on sale domestically next month and will be exported to major markets, such as Europe, [...]