SEOUL, July 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 9.9 percent in June from a year earlier on robust sales of SUVs and environment-friendly models. Last month, Hyundai and Kia sold 145,849 vehicles in the world’s most important automobile market, [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Co.’s labor union has requested that management provide discount benefits for purchasing new cars not only to retirees with significant tenure at the company but to all retirees. This demand has reportedly been included in this year’s list of collective bargaining items. Every year at Hyundai, approximately [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it has signed an initial pact with a Japanese culture content company to promote sales of zero-emission vehicles in the neighboring country. Hyundai Motor signed a memorandum of understanding (MOU) with the Culture Convenience Club (CCC) for partnerships in car-sharing mobility services, [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate, Kia Corp., are taking steps to solidify their top positions in Vietnam, which is emerging as a major automobile market in Southeast Asia. In the Vietnamese car market, Hyundai maintained its No. 1 position in terms of sales for the third consecutive year, [...]
SEOUL, June 20 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it will invest 109.4 trillion won (US$85.4 billion) by 2032 to secure a leading position in the global future mobility market, while aiming to sell 2 million all-electric models by 2030. Hyundai Motor’s investment plans and EV sales target are up from [...]
SEOUL, June 15 (Korea Bizwire) — Hyundai Motor Group said Thursday it has invested 1.3 trillion won (US$1.02 billion) in global startups in the electrification, artificial intelligence (AI) and autonomous driving sectors as part of its efforts to boost future mobility solutions. The South Korean automotive group made the investment in more than 200 startups [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Co. is enhancing its support for employees undertaking overseas business trips, which have been increasing in number since the end of the pandemic. The carmaker said Sunday that it has partnered with WeWork, a U.S.-based coworking space provider, enabling employees on overseas business trips to utilize WeWork’s [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Group said Monday it will utilize 7.8 trillion won (US$5.9 billion) worth of reservation money held by its overseas operations to push forward the group’s planned investments in domestic electric vehicle (EV) plants. Hyundai Motor Co., its smaller affiliate Kia Corp. and auto parts maker Hyundai Mobis [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor Co. has announced that a range of its mobility solutions will feature in Marvel Studios’ “Spider-Man: Across the Spider-Verse,” which is set to premiere in the domestic market next week. The upcoming animated film marks the third collaboration between the carmaker and Sony Pictures Entertainment, following their [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Co. said Thursday that it will host an exhibition showcasing its heritage, featuring the nation’s first domestically manufactured car, the Pony, from various perspectives. “PONY, the Timeless” exhibition serves as the second project of the Hyundai Reunion Heritage brand platform, which presents a future vision through past [...]