SEOUL, July 29 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has opened the third exhibition hall for Genesis vehicles in South Korea in an effort to improve its brand image as a premium carmaker. Hyundai Motor opened the Genesis Suji exhibition hall in Yongin, just south of Seoul, on Wednesday, following the opening [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it has taken an initial step to acquire a General Motors Co. plant in Russia as part of its expansion strategy. Last week, Hyundai Motor submitted documents to the Russian government in the first step toward the acquisition of the GM plant [...]
SEOUL, July 28 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, announced on Monday the development of ‘Quality Air’ technology to keep the air inside its vehicles fresh. The new developments, which consist of ‘After Blow Technology,’ ‘Multi Air Mode Technology,’ and ‘Fine Dust Indicator Technology,’ will be included in Hyundai’s new vehicles [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp. — South Korea’s two biggest carmakers — on Thursday reported a sharp drop in their second-quarter earnings as the new coronavirus outbreak drove down overseas demand for their vehicles. But on their home turf, Hyundai and Kia performed well helped by new [...]
SEOUL, July 21 (Korea Bizwire) — Heirs of South Korea’s top two conglomerates — Samsung and Hyundai Motor — discussed possible cooperation in the electric vehicle (EV) and mobility businesses, the groups said Tuesday. Lee Jae-yong, Samsung’s de facto leader, shared his views on future mobility solutions with Hyundai Motor Group Executive Vice Chairman Chung [...]
SEOUL, July 21 (Korea Bizwire) — The National Museum of Modern and Contemporary Art (MMCA) on Tuesday announced two experimental art projects that will be put on display under the inaugural Project Hashtag program, the museum’s art exhibit-sponsorship project co-founded with Hyundai Motor Co. The Project Hashtag 2020 exhibition will showcase works from two teams [...]
SEOUL, July 20 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two biggest carmakers, may suffer a sharp decline in the second-quarter earnings as a result of the coronavirus outbreak, but have fared well compared to foreign rivals, analysts said Monday. In the three months that ended June 30, [...]
SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Co.’s new Grandeur sedan is likely to see its sales top 100,000 units this month, eight months after its launch in the domestic market, industry sources said Sunday. Hyundai Motor launched the face-lifted Grandeur in November last year and aimed to sell 110,000 units in the domestic [...]
SEOUL, July 15 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. saw their standings sharply rise in global electric vehicle sales in the January-May period, a market research firm said Wednesday. Hyundai Motor ranked sixth in EV sales in the first five months from ninth in the year-ago period, while Kia’s [...]
SEOUL, July 15 (Korea Bizwire) — Hyundai Motor Group is set to support an organization that promotes plastic toy recycling as part of efforts to contribute to a reduction in plastic waste. The carmaker announced on Tuesday that it will support a social cooperative organization named “Green Move Workshop” which is engaged in the donation [...]