SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Tuesday achieved a turnaround in the third quarter from a year earlier on a base effect but revised down its annual sales target due to chip shortages. For the three months ended on Sept. 30, Hyundai Motor swung to a net profit of [...]
SEOUL, Oct. 25 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will help Indonesia establish the infrastructure for electric vehicles as part of its expansion strategy. Hyundai Motor Group Chairman Euisun Chung said the company will help Indonesia in activating the EV ecosystem and make the EV industry a future growth driver. [...]
SEOUL, Oct. 22 (Korea Bizwire) — Hyundai Motor Co. has introduced a compensation program for owners of the hydrogen fuel cell electric vehicle Nexo, 15,000 units of which have been recalled since August for quality defects. It recently notified Nexo owners that it has decided to introduce a ‘buy-back’ program for used cars.. The company [...]
SEOUL, Oct. 20 (Korea Bizwire) — Sales of Hyundai Motor Co. and affiliate Kia Corp. cars are up in Germany and Britain, the two largest economies in Europe with strong automobile industries. The German Association of the Automotive Industry reported an 8.7 percent increase in Hyundai and Kia car sales from last year with 129,257 [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co. won the triple crown at the 2021 World Rally Championship held in Tarragona, Spain from October 14-17. The South Korean automaker’s world rally racers won first and third place with i20 Coupe WRC nabbing two spots on the podium. Hyundai has won three championship cups this [...]
SEOUL, Oct. 15 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. have teamed up with fuel cell maker Doosan Fuel Cell Co. to establish a hydrogen fuel cell power system as well as to launch a full-scale demonstration project. Companies on Thursday held a completion ceremony for the hydrogen fuel cell distributed power [...]
SEOUL, Oct. 8 (Korea Bizwire) — Hyundai Motor Co. announced on Thursday the launch of the Staria Kinder, a school bus for children. The minivan comes in two different configurations, 11-seat and 15-seat trims based on the Staria LPi 3.5 Tourer Modern. As children are expected to be the primary passengers, the 11-seater trim features [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. took over half of the fuel cell electric vehicle (FCEV) market in the first eight months of the year, led by strong demand for its SUV model, industry data showed Wednesday. Hyundai Motor, the maker of the NEXO SUV, sold about 5,900 units [...]
SEOUL, Oct. 5 (Korea Bizwire) – Internal conflicts over job sharing among plants are deepening within the labor union at Hyundai Motor Co., with some unionized members even coming to blows during an argument over proceedings. The employment stability committee that the company’s management and labor union planned to host at Hyundai plant in Ulsan, [...]
SEOUL, Sept. 30 (Korea Bizwire) — Genesis, the luxury brand of Hyundai Motor Co., on Thursday unveiled the GV60, its first electric car built on a dedicated EV platform, ahead of its local launch later this year. The GV60 SUV is equipped with a 77.4 kilowatt-hour battery and can travel up to 451 kilometers on [...]