SEOUL, April 7 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined vehicle sales in Russia plunged 68 percent in March from a year earlier following Russia’s invasion of Ukraine in late February. Hyundai and Kia sold a total of 11,245 vehicles in Russia last month from 35,389 units [...]
SEOUL, April 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Saturday their combined sales in the United States fell 3.7 percent in the first quarter compared with a year ago due to the prolonged pandemic and chip shortages. The corporate duo sold a total of 322,593 vehicles in the U.S. [...]
SEOUL, March 30 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King Abdullah University of Science and Technology (KAUST) plan to develop an advanced fuel for ultra-lean burn, spark-ignition engines to [...]
SEOUL, March 29 (Korea Bizwire) — Hyundai Motor Co. plans to introduce a mixed-model production system starting from August that allows various types of vehicles to be assembled in a single assembly line, as part of wider efforts to enhance production efficiency, industry sources said Monday. The carmaker is currently in talks with its labor [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s top carmaker Hyundai Motor Co. and China’s Beijing BAIC Motor will inject over 1 trillion won (US$825 million) into their joint venture to enhance the competitiveness of its electric car making amid sluggish sales, company officials said Sunday. They will increase the capital stock of Beijing Hyundai [...]
SEOUL, March 20 (Korea Bizwire) — South Korean leading carmaker Hyundai Motor Co. said Sunday that its independent Genesis brand surpassed 700,000 units in accumulative global sales, thanks to the rising popularity of its brand power. The premium brand’s global sales totaled 700,612 units from its launch in November 2015 to end-February 2022, 30.5 percent [...]
SEOUL, March 17 (Korea Bizwire) — Sales of Hyundai Motor Co. and its affiliate Kia Corp. in Europe surged more than 20 percent on-year last month on the back of the popularity of environment-friendly models, industry data showed Thursday. Hyundai sold 37,032 vehicles in the European market in February, up 25.5 percent from a year [...]
SEOUL, March 16 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will produce the IONIQ 5 all-electric model in its first manufacturing plant in Southeast Asia. Hyundai Motor completed the 150,000 unit-a-year plant in the Deltamas industrial complex near Cikarang, 40 kilometers east of Jakarta, in December. The Indonesian plant is already [...]
SEOUL, March 14 (Korea Bizwire) — With an increasing number of global companies pulling back from Russia, Hyundai Motor Group is facing a dilemma in a country where it has been enjoying solid performance. The group has Hyundai Motor Co., its independent Genesis brand, and affiliate Kia Corp., under its wing. In 2021, Kia sold [...]
SEOUL, March 8 (Korea Bizwire) — Hyundai Motor Co.’s all-electric IONIQ 5 has been named the UK Car of the Year 2022, beating nine competitors in the final round, the company said Tuesday. The IONIQ 5 outpaced the nine models, including the Fiat 500-e city car, BMW iX crossover and Porsche’s Taycan Cross Turismo, in [...]