SEOUL, March 7 (Korea Bizwire) — Hyundai Motor Co. on Monday outlined its used car business plans to expand customers’ right of choice, though the government put a halt to the business launch due to objection from existing players. In the past two years, Hyundai has had rounds of talks with government officials, other carmakers [...]
Turin, Italy and Seoul, South Korea, March 7 (Korea Bizwire) – Iveco Group (MI: IVG) and Hyundai Motor Company (HYMTF) have signed a Memorandum of Understanding (MoU) on the 4th of March to explore possible collaborations on shared vehicle technology, joint sourcing, and mutual supply. The signing took place at Hyundai Motor Company and the major participants [...]
SEOUL, March 2 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will invest 95.5 trillion won (US$79 billion) in facilities, R&D activities and other strategic purposes by 2030. Of the planned investments, Hyundai will spend 43.6 trillion won on facilities, 39.1 trillion won on R&D projects and 12.8 trillion won on strategic [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States rose 6.4 percent in February from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a total of 105,088 vehicles in the world’s most important automobile market [...]
SEOUL, Feb. 28 (Korea Bizwire) — Hydrogen buses produced by Hyundai Motor Co. have been introduced as public city buses in Vienna, Austria. Hyundai said Sunday that the company’s Elec City hydrogen bus has been introduced by Wiener Linien, an Austrian public transportation company, as a public bus in the Austrian capital. It is the [...]
SEOUL, Feb. 25 (Korea Bizwire) — Hyundai Motor Co. said Friday it has signed an initial pact with Shell Plc for cooperation in electrification and carbon neutrality. Last week, Hyundai Motor signed a memorandum of understanding with Shell, Europe’s biggest oil firm, to collaborate on electric vehicle charging infrastructure, hydrogen fuel-cell electric vehicle supplies, and [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Group said Thursday it has earned the most safety pick awards from the U.S. Insurance Institute for Highway Safety (IIHS), beating rivals such as Volkswagen and Volvo. Eleven models from the South Korean automotive group garnered the Top Safety Pick+ (TSP+) awards and 10 models obtained the [...]
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, has temporarily shut down its key plant in southwestern China, the company said Tuesday, amid sluggish sales in one of the world’s largest markets. The factory in the southwestern city of Chongqing has suspended its operations since the beginning of this year [...]
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Co.’s recent campaign to encourage dog owners to donate animal blood ended in success. Hyundai, Konkuk University Veterinary Medical Teaching Hospital and the Korean Canine Blood Donor Association held a series of ‘I’M DOgNOR’ campaigns in 2019 and 2020. ‘DOgNOR’ is a combination of the words ‘dog’ [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s leading carmaker Hyundai Motor Co. said Tuesday it has reentered the Japanese passenger vehicle market for the first time in 12 years, but this time with an online-only sales platform and all-electric models. Hyundai advanced into Japan in 2001 but pulled out of the neighboring market in [...]