SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor will launch its 2015 Equus full-size upscale sedan this week in the local market, according to a recent announcement. The automaker said the new model would focus on adding more of the premium features buyers are increasingly interested in, including the implementation of various driver-focused technologies. To realize [...]
SEOUL, Dec. 24 (Korea Bizwire) — Hyundai Motor will discontinue its “PYL” (Premium Younique Lifestyle) marketing campaign targeting young consumers from the next year. The three models that constituted the backbone of the PYL marketing including the Veloster, i30 and i40 will instead try to boost sales through launch of new models. According to automotive industry sources [...]
SEOUL, Dec. 24 (Korea Bizwire) – Hyundai Motor is aiming to develop high performance vehicles following the hiring of former BMW executive Albert Biermann, who led the development of BMW’s M series performance cars. On December 22, Hyundai-Kia Motor Group announced that it had hired the former BMW M chief engineer as vice president in charge of vehicle [...]
SEOUL, Dec. 23 (Korea Bizwire) — Even though the instance of suddenly losing power while driving is on the rise, auto manufacturers have not done anything to address the problem including refund or replacement of faulty cars. According to the Korea Consumer Agency on December 22, the number of faulty ignition cases received through its [...]
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 [...]
SEOUL, Dec. 17 (Korea Bizwire) – Hyundai Motor rolled out its all-new Sonata Hybrid featuring state-of-the-art technology and future-oriented design on December 16 in Seoul. The Sonata Hybrid was reborn with higher driving performance and premium design, after 27 months of development and an investment of 180 billion won (US$164 million) by the world’s fifth largest [...]
SEOUL, Dec. 11 (Korea Bizwire) — It was reported belatedly that an automobile expert who raised safety problems with Hyundai cars on TV interviews was accused by the auto maker for libel. According to the Namdong District Police Agency in Incheon on December 10, Hyundai Motor raised a charge against an automotive expert and owner of a [...]
SEOUL, Dec. 9 (Korea Bizwire) – Sales of Hyundai Motor’s Aslan premium sedan have been underwhelming, and far below company expectations. Hyundai set ambitious sales targets, aiming to offer a domestic alternative to increasingly popular imported cars, but the lack of any “new car” effect on sales has puzzled officials. According to Hyundai, the fifth [...]
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. 12 (Korea Bizwire) — Hyundai Motor officially announced that it is going to purchase 2,202,764 (1% in total) shares of common stocks and 652,019 (1%) shares of preferred stocks on November 11. It was nine years ago when Hyundai Motor purchased its own shares to support its stock price. In 2005 Hyundai had [...]