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Grandeur Hybrid Sales Surpass Internal Combustion Engine Models

Grandeur Hybrid Sales Surpass Internal Combustion Engine Models

SEOUL, July 10 (Korea Bizwire) – The preference for hybrid models among South Korean consumers has led to the share of Hyundai Motor Co.’s Grandeur sedan’s hybrid models surpassing that of internal combustion engine models. According to the carmaker, hybrid models accounted for 33,056 units or 52.5 percent of the Grandeur’s domestic sales of 62,970 units [...]

Hyundai Motor Group Chief Visits Intel’s Ireland Campus

Hyundai Motor Group Chief Visits Intel’s Ireland Campus

SEOUL, July 9 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung has visited Intel’s industrial campus in Ireland as part of efforts to diversify the company’s automotive semiconductor supply, the company said Sunday. Chung looked around the Fab 24 manufacturing facility at Intel’s campus in Kildare county with Intel Corporate Vice President Ann-Marie [...]

Hyundai, Kia U.S. Sales Rise 9.9 pct in June on SUVs, Eco-friendly Models

Hyundai, Kia U.S. Sales Rise 9.9 pct in June on SUVs, Eco-friendly Models

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, [...]

Hyundai Labor Union Demands Car Purchase Discounts for All Retirees

Hyundai Labor Union Demands Car Purchase Discounts for All Retirees

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 [...]

Hyundai Signs MOU with Japanese Culture Content Firm for EV Sales

Hyundai Signs MOU with Japanese Culture Content Firm for EV Sales

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, [...]

Hyundai Invests 1.3 tln Won in Startups for Future Mobility Partnerships

Hyundai Invests 1.3 tln Won in Startups for Future Mobility Partnerships

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 [...]

Hyundai, Kia to Support Employees Going on Business Trips

Hyundai, Kia to Support Employees Going on Business Trips

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 [...]

Hyundai to Utilize Overseas Operations’ Reservation Money for EV Investments

Hyundai to Utilize Overseas Operations’ Reservation Money for EV Investments

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 [...]