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Hyundai Motor Launches Education Program to Overcome Fear of Driving

Hyundai Motor Launches Education Program to Overcome Fear of Driving

SEOUL, Mar. 11 (Korea Bizwire) — Hyundai Motor Co. announced on Sunday that it will run a ‘Driving Plus’ program, a social contribution activity to help people overcome their fear of driving., along with the Citizens’ Coalition for Safety. According to Hyundai, the ‘Driving Plus’ program offers educational content that allows people to experience various [...]

Hyundai Outlines 5-year Investment Plan for Growth

Hyundai Outlines 5-year Investment Plan for Growth

SEOUL, Feb. 27 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, on Wednesday outlined a massive five-year investment plan centered on research and future vehicle technologies and underlined the need to maintain sufficient liquidity to guarantee growth. The announcement comes a day after U.S. activist investor Elliott Management demanded Hyundai Motor [...]

Elliott Management May Butt Heads with Hyundai over Outside Director Appointment

Elliott Management May Butt Heads with Hyundai over Outside Director Appointment

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 [...]

Hyundai, Kia Sell, Receive Orders for Over 10,000 EVs This Year

Hyundai, Kia Sell, Receive Orders for Over 10,000 EVs This Year

SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. sold or received orders for more than 10,000 electric vehicles (EV) coming into this year, corporate sources said Sunday. South Korea’s two largest automakers, and flagships of Hyundai Motor Group, account for 79 percent of all EVs sold in the [...]

Hyundai, Kia Diesel Car Sales Fall for 3 Straight Years

Hyundai, Kia Diesel Car Sales Fall for 3 Straight Years

SEOUL, Feb. 18 (Korea Bizwire) — Sales of diesel cars made by Hyundai Motor Co. and its corporate cousin, Kia Motors Corp., have steadily fallen for the past three years due to stricter emission regulations, industry data showed Monday. Diesel-powered sales accounted for 33.8 percent of 1,013,259 sedans and recreational vehicles sold by Hyundai and [...]