SEOUL, July 30 (Korea Bizwire) — The combined U.S. market share of Hyundai Motor Co. and its smaller affiliate Kia Corp. inched up in the first half of the year from a year earlier, managing to stay above the 10 percent range amid the recovery in demand and output, data showed Sunday. Their combined share [...]
SEOUL, July 27 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will create a dedicated task force aimed at addressing low birth rate and child-rearing concerns. The dedicated team will develop a comprehensive support plan that covers the entire life cycle of employees, encompassing marriage, pregnancy, childbirth, child-rearing, and schooling. Notably, Hyundai is the first among [...]
SEOUL, July 26 (Korea Bizwire) – South Korea’s Hyundai Motor Co. on Wednesday raised its annual sales and profit guidance for the year after reporting a record operating profit in the second quarter on a weak won and robust sales of high-end models. Hyundai Motor projected its overall sales will grow 14-15 percent this year, [...]
SEOUL, July 26 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched the upgraded Avante N high-performance model in the domestic market as it strives to strengthen its high-end product lineup. The face-lifted sporty sedan comes with an eight-speed wet double-clutch transmission (DCT) and a 2.0-liter turbo flat power engine that can generate 280 horsepower, [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp.’s electric vehicle (EV) sales rose 5.9 percent in the United States during the January-June period from a year earlier amid accelerating electrification, an industry association said Sunday. Hyundai and Kia sold a combined 46,826 EV models in the first half [...]
SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their vehicle sales in Europe rose 3.3 percent in the January-June period from a year earlier, helped by robust sales of their SUV models. Hyundai and Kia sold a total of 575,432 vehicles in Europe in the first [...]
SEOUL, July 18 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, on Tuesday unveiled the design of the all-new Santa Fe SUV ahead of its planned world premiere in August. The fifth-generation Santa Fe is a full-change model from the fourth-generation one released in 2018. It comes with a maximized rear [...]
SEOUL, July 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Thursday unveiled the Ioniq 5 N, the first pure electric model under its high-performance N brand, as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N made its global debut at the 2023 Goodwood Festival of Speed in [...]
SEOUL, July 11 (Korea Bizwire) — Hyundai Motor Co. hired a few female employees for the production line, for the first time in its history. According to the Korean Metal Workers’ Union, out of the 185 production workers hired, six were women. Currently, the carmaker employs around 28,000 production workers, with approximately 500 being women. [...]
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 [...]