SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Co. on Tuesday unveiled the Avante N high-performance model as it strives to strengthen its high-end product lineup. The Avante N is the first sedan to be launched under the carmaker’s high-performance N brand. The sporty sedan comes with side skirts, which minimize the amount of air [...]
SEOUL, June 21 (Korea Bizwire) — Hyundai Motor Group said Monday its three affiliates and its chief have acquired a controlling stake in U.S.-based robotics firm Boston Dynamics, Inc. for US$880 million. The investment is part of the South Korean automaking group’s broader plans to strengthen its competitiveness in future mobility solutions. In December, the [...]
ROLLE, Switzerland, June 17 (Korea Bizwire) – Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated technology provider for the automotive industry, today announced it has launched a new software solution focused on Model-Based Predictive Control (MPC) technology with Hyundai Motor Company (HMC). Garrett’s advanced MPC technology is able to predict and preemptively optimize how a system [...]
SEOUL, June 16 (Korea Bizwire) — Hyundai Motor Group Chairman Chung Euisun has visited an autonomous vehicle joint venture in the United States and tested a vehicle under development as the South Korean automaking giant explores new business opportunities in future mobility solutions, the automaker said Wednesday. Chung tested a self-driving Ioniq 5 electric vehicle [...]
SEOUL, June 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it will suspend its U.S. plant for three weeks due to lack of semiconductors and routine maintenance. Hyundai Motor will halt the Alabama plant for one week from June 14 on a chip shortage and two weeks from [...]
SEOUL, June 14 (Korea Bizwire) — Hyundai Motor Group’s hydrogen fuel cell system HTWO is set to make a foray into the motorsports market. The world’s fifth-largest automotive group said that it will supply a hydrogen fuel cell power generation system to the Electric Touring Car Racing (ETCR) series, with the world’s first touring race [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Group Chairman Chung Euisun won the 2021 Autocar Awards’ top accolade, the Issigonis Trophy, for his contribution to the global automotive industry, the company said Wednesday. Named after legendary car designer Sir Alec Issigonis, the trophy is awarded by Autocar to an individual who has played a [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor Co.’s high-performance N brand had a triumphant weekend with wins at the ADAC Total 24 Hour Race and the opener of the FIA World Touring Car Cup (WTCR) held in the circuits of Nurburgring in Germany. The South Korean carmaker entered the Elantra N TCR, i30 N [...]
SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Thursday their combined U.S. sales jumped 65 percent last month, marking record monthly sales for a third straight month on strong sales of their SUV models. Hyundai and Kia sold a total of 170,315 vehicles in [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle exports jumped 46.6 percent in the first four months of this year compared with a year earlier, led by robust demand for its electric vehicle (EVs) and hybrid models, industry data showed Monday. The combined exports of eco-friendly models by the Korean automotive group’s [...]