SEOUL, Feb. 5 (Korea Bizwire) – Hyundai Motor Group Chairman Chung Mong-koo and his son will seek to sell a part of their stakes in a logistics unit following a failed attempt last month, the automotive group said Thursday.In January, Chung and his only son, Eui-sun, vice chairman of Hyundai Motor Co., sought to sell [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Group, the world’s No. 5 auto conglomerate, said Wednesday its January sales in the United States reached an all-time high, giving hope that its affiliate duos may continue to do well following favorable results for the U.S. market last year. Hyundai Motor America and Kia Motors America, [...]
SEOUL, Feb. 3 (Korea Bizwire) – To revitalize a struggling commercial area near the former KEPCO headquarters site in Seoul, Hyundai Motor Group plans to transfer employees from some of its subsidiaries, who currently work at different locations, to the KEPCO building. The world’s fifth largest automobile manufacturer plans to move 1,000 workers in the metropolitan area [...]
SEOUL, Dec. 19 (Korea Bizwire) — Hyundai Motor Group announced on December 17 that its Elite i20 is the winner of the 2015 Indian Car of the Year (ICOTY) award. The i20 was said to have competed with Honda’s City and Maruti Suzuki’s Ciaz for the top prize. The Elite i20 was designed to cater to [...]
“In a difficult situation like now, we can trust no one but ourselves.Let’s not rest on our laurels or not shrink from the unfavorable market conditions. Let’s just soldier on to achieve bigger goals.” “Eight million units of sales performance is just a beginning. We should believe in ourselves and work harder to attain [...]
SEOUL, Nov. 25 (Korea Bizwire) – Hyundai Motor and Kia Motors are expected to sell a record 8 million vehicles this year, an increase of 440,000 compared to 2013. The Hyundai Motor Group held an export expansion strategy meeting, which included the heads of major subsidiaries, on November 24. At the meeting, the group forecast that it would [...]
SEOUL, Nov. 16 (Korea Bizwire) — Of all registered executives of Korean publicly listed firms, Shin Jong-kyun, Samsung Electronics’ IT & mobile division president, was ranked as the highest paid executive for the first nine months of the year at 12 billion won (US$10.9 million). Chung Mong-koo, Hyundai Motor Group chairman, won the top position among [...]
SEOUL, Nov. 14 (Korea Bizwire) – Hyundai Motor Group plans to expand its green vehicle models by 2020. As part of its long-term plan, it will launch a new hybrid electric vehicle in competition with the Prius manufactured by Toyota. The auto maker announced on November 12 that it would increase the number of eco-friendly car [...]
SEOUL, Oct. 21 (Korea Bizwire) — Hyundai Motor Group announced on October 19 that it would open a “high-tech maintenance center” for commercial vehicles in the Daegu Seongseo Industrial Complex in Daegu City. The center, run from the following day, is planned to provide quick high-quality repair services with Hyundai commercial auto drivers in case of [...]
SEOUL, Oct. 16 (Korea Bizwire) – Hyundai Motor Group will raise a fund of 5 billion won (US$4.7 million) to help its second- and third-tier suppliers for raising the quality of auto parts to enhance competitiveness of the overall automotive industry in Korea. The fifth largest motor group in the world launched the second phase of [...]