SEOUL, Oct. 28 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to report a combined operating profit of about 3 trillion won (US$2.7 billion) in the fourth quarter on new models and improved product mix, after delivering poor business results in the past quarter, analysts said Wednesday. Hyundai and [...]
SEOUL, Oct. 28 (Korea Bizwire) — Hyundai Motor Group plans to produce a kid’s version of the 45, a miniature-sized electric vehicle (EV) concept. Hyundai unveiled a video on Tuesday showing how the derived EV model for kids is being made and designed after the mini-sized EV. The mini-EV for kids comes with Hyundai’s Emotion [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. on Monday posted lackluster third-quarter earnings results due to hefty provisions for recalls and quality management. For the three months that ended in September, Hyundai swung to a net loss of 188.8 billion won (US$167 million) from a net profit [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Motor Co.’s Prophecy all-electric concept car won the Red Dot Design Award in its latest achievement of its decadelong efforts to improve its brand image in terms of quality and design. The Prophecy with an extended wheelbase and short overhang has been named as the Best of the [...]
SEOUL, Oct. 21 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will overhaul its product quality control process following engine recalls and fires in an electric model. Hyundai Motor Co. and its affiliate Kia Motors Corp. plan to simplify the overall quality control process to better focus on resolving problems, a Hyundai official said [...]
SEOUL, Oct. 20 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Tuesday launched the upgraded G70 sedan under its independent Genesis brand in the domestic market to boost sales amid the COVID-19 pandemic. The facelifted G70 comes with a 2.0-liter gasoline turbocharged engine, a 2.2 diesel engine or a 3.3 gasoline turbocharged [...]
SEOUL, Oct. 20 (Korea Bizwire) — Hyundai Motor Co. will host a contact-free donation program in which participants engage in a running race to contribute to environmental protection efforts. ‘Untact Fun Race,’ the final series of this year’s Longest Run race, will take place at Children’s Grand Park in Seoul. It will be held in [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday they plan to reflect a combined 3.4 trillion won (US$3 billion) in provisions for product recall and quality control in their balance sheets for the third quarter of the year, indicating that they are set to swing to [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co.’s planned global recall of 77,000 Kona Electric vehicles may be a drag on the company’s electrification plan, analysts said Monday. Hyundai Motor plans to voluntarily recall 77,000 Kona Electric models for a faulty battery cell component, as 14 cases of fires in the model — 10 [...]
SEOUL, Oct. 14 (Korea Bizwire) — Hyundai Motor Group’s longtime heir Chung Euisun on Wednesday officially took over the helm at the South Korean auto giant as it pushes to morph into a future mobility solutions provider. The group’s three major affiliates — Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co. — held [...]