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 [...]
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 [...]