ULSAN, Feb. 6 (Korea Bizwire) — Hyundai Motor Co. will reshore some of its manufacturing operations in the United States to help maintain work for its employees at home, its union said Saturday. Under an agreement reached between the company and the union, production of about 70,000 Sonata and Avante sedans will be returned from [...]
SEOUL, Feb. 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Wednesday their sales in the United States rose 7.9 percent in January from a year earlier on robust SUV sales. Hyundai Motor and Kia sold a combined 91,173 vehicles in the world’s most important automobile market last month, up from 84,498 [...]
SEOUL, Feb. 2 (Korea Bizwire) — The state-run Korea Development Bank and the Hyundai Motor Group jointly announced on Monday that they will cooperate to create a fund that will explore and invest in promising startups in the mobility area. The two parties reached an agreement on the creation of the 74.5 billion won (US$66.6 [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Motor Co. said Tuesday its fourth-quarter net profit jumped 78 percent from a year earlier on robust sales of high-end models amid the coronavirus pandemic. Net profit for the three months that ended in December jumped to 1.37 trillion won (US$1.24 billion) from 772 billion won in the [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Motor Group announced Monday the introduction of a service robot capable of engaging with customers at the company’s dealerships. The service robot, named DAL-e, was designed to connect customers with salespeople at Hyundai dealerships. It includes facial recognition and self-driving technology to engage with customers in various environments. [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. slumped in their three major markets last year amid the coronavirus pandemic, company data showed Sunday. Hyundai and Kia, South Korea’s two biggest carmakers, saw their sales slump in the United States, Europe and China in 2020 as the COVID-19 pandemic affected [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hyundai Motor Co. said Thursday it opened an ultra-fast charging station for electric vehicles (EVs) in southeastern Seoul in the latest move that could boost convenience for drivers of zero-emission cars. Hyundai Motor and SK networks, a chemical and energy company, jointly transformed an old gas station into South [...]
SEOUL, Jan. 19 (Korea Bizwire) – Hyundai Motor Co. and affiliate Kia Corp. are expected to post double-digit growth in their fourth-quarter operating profit, helped by robust domestic sales despite the coronavirus pandemic. Strong local demand for their vehicles helped Hyundai Motor and Kia offset their weak overseas sales in the October-December period, analysts said. [...]
SEOUL, Jan. 15 (Korea Bizwire) — Hyundai Motor Co. said Friday it will build its first overseas hydrogen fuel-cell systems plant in China to make a presence in global hydrogen markets. Hyundai will produce 6,500 fuel-cell systems for hydrogen-powered vehicles annually at the plant in China’s southern city of Guangzhou, starting in the second half [...]
SEOUL, Jan. 14 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand the operation of the ‘visiting charging service’ for its electric vehicle (EV) customers. This service is available when EV batteries are discharged during driving-on status or when customers have difficulty going to charging stations. Hyundai staff visit the location at the [...]