SEOUL, May 23 (Korea Bizwire) — The heir apparent of Hyundai Motor Group has vowed to make South Korea’s largest automaker a leading smart mobility solutions provider, emphasizing the need to build strategic partnerships with other mobility companies. Chung Eui-sun, Hyundai Motor Group’s Executive Vice Chairman, said the group must be recognized beyond being a [...]
SEOUL, May 20 (Korea Bizwire) — Hyundai Motor Co.’s sales of SUVs again exceeded those of sedans in the first quarter of the year amid rising global popularity of the vehicle type, according to company data on Monday. Hyundai Motor, South Korea’s top automaker, posted 4.39 trillion won (US$3.67 billion) in SUV turnover in the [...]
SEOUL, May 10 (Korea Bizwire) — Hyundai Motor Co. will be hosting South Korea’s largest one-make race open to both amateur drivers and non-professionals alike. Hyundai Motor announced on Thursday that it will be combining the Veloster N Cup and Avante Cup Master Race to create the new Hyundai N Festival. One-make races refer to [...]
SEOUL, May 6 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Motors Corp. are on track to log improved earnings this year due to a low base effect and robust sales of sport-utility vehicles, experts and industry sources said Monday. In the January-March quarter, Hyundai enjoyed a 30-percent on-year jump in net profit at [...]
SEOUL, Apr. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it posted a 30 percent on-year jump in its first-quarter net profit helped by strong demand for new SUVs and a weaker won. Net profit for the January-March period rose to 954 billion won (US$830 million) from 732 billion won a year earlier, Hyundai [...]
SEOUL, Apr. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it has developed mobile tune-up technology for its upcoming electric vehicle models. The latest achievement is part of the South Korean automotive group’s efforts to evolve into a smart mobility solutions provider in the long term. Hyundai Motor Co. and Kia Motors Corp., two [...]
SEOUL, Apr. 19 (Korea Bizwire) — Hyundai Motor Group’s first-quarter sales in China fell for the fifth year in a row, reeling from the aftermath of a diplomatic row and increasingly competitive alternatives from Chinese automakers, company data showed Friday. In the January-March quarter, Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a [...]
SEOUL, Apr. 12 (Korea Bizwire) — South Korea will operate eight highway charging stations for hydrogen fuel cell electric vehicles by June, Hyundai Motor said Friday. Hyundai and the Korea Expressway Corp. will each operate four stations, the carmaker said in a statement. On Friday, Hyundai began operating the hydrogen charging stations in Anseong and [...]
SEOUL, Apr. 7 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s leading carmakers, saw their share of the SUV market in the United States hit a seven-year high in the first quarter, industry data showed Sunday. According to the data, a combined 155,082 units of SUVs made by Hyundai and Kia [...]
SEOUL, Mar. 22 (Korea Bizwire) — Shareholders of Hyundai Motor Co. and Hyundai Mobis Co. on Friday backed the dividend plans of the two automotive firms and their proposed directors but rejected proposals by Elliott Management. The overwhelming support for the South Korean companies is a setback for the U.S. activist investor. Elliott called on [...]