SEOUL, April 13 (Korea Bizwire) – Hyundai Motor Co., South Korea’s dominant carmaker, has unveiled a concept SUV under its Genesis luxury brand at the New York Auto Show. The GV80 fuel-cell concept SUV is the first SUV model revealed by Hyundai Motor, on Wednesday, under the independent Genesis brand. The Genesis lineup is currently [...]
SEOUL, April 12 (Korea Bizwire) – South Korean automobile manufacturer Hyundai Motor’s recent decision to recall around 170,000 cars of five different models in its motherland due to manufacturing defects found in its Theta 2 engine was prompted by an insider, recent reports have revealed. A great level of attention is being paid to whistleblower [...]
SEOUL, April 7 (Korea Bizwire) – Hyundai Motor Co. and its affiliate Kia Motors Corp. will recall potentially faulty engines of more than 170,000 vehicles from late next month to ensure the safety of their customers, the transport ministry and the companies said Friday. Hyundai and Kia, South Korea’s two biggest carmakers, will voluntarily begin [...]
WASHINGTON, April 3 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States drop 11 percent in March as sales of some best-selling models slumped, industry data showed Monday. The two South Korean auto giants sold a combined 118,694 units in the U.S. last [...]
SEOUL, March 8 (Korea Bizwire) – Only 70 people appeared at the Hyundai Motorstudio in Seoul on Tuesday for the company’s biannual recruiting information sessions, but another 40,000 job seekers were present in the room through their laptops and smartphones, via Facebook Live. This was the first time for the automaker to broadcast its job [...]
SEOUL, March 7 (Korea Bizwire) – The Genesis, a separate premium brand of South Korea’s top automaker Hyundai Motor Co., has won this year’s best brand ranking among local cars for the first time, a survey said Tuesday. Brandstock, a South Korean market research firm that determines the rankings of local brands, said in its [...]
WASHINGTON, March 1 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States drop nearly 7 percent in February as Kia’s sales slumped, industry data showed Wednesday. The two South Korean auto giants sold a combined 95,693 units in the U.S. last month, down [...]
SEOUL, Jan. 2 (Korea Bizwire) – Hyundai Motor Group has set its sales target at 8.25 million cars this year, the group chairman said Monday. The annual target marks a 1.5 percent increase from the 2016 target of 8.13 million. South Korea’s largest automotive group has yet to release its actual sales for 2016, but [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will seek to greatly boost their combined sales in China next year with various new models that will include SUVs, informed sources said Thursday. According to the sources, who spoke on condition of anonymity, the [...]
SEOUL, Dec. 13 (Korea Bizwire) – Leading South Korean automakers Hyundai Motor Company and Kia Motors have taken another step towards commercializing self-driving vehicles. With the memorandum of understanding signed Monday between Hyundai Motor Company, Kia Motors and the city of Hwaseong, the two companies will be able to test vehicles equipped with V2X (or [...]