YONGIN, Jul. 11 (Korea Bizwire) — Hyundai Motor Co. said Thursday it is aiming to sell 8,000 units of its all-new entry-level Venue SUV in South Korea this year. The Venue went on sale in the domestic market on Thursday. Hyundai expects the car to further strengthen the Korean carmaker’s SUV lineup, which is composed [...]
GOYANG, Jul. 3 (Korea Bizwire) — Hyundai Motor Group said Wednesday it has developed a new engine technology that sharply enhances vehicle performance and fuel efficiency and reduces gas emissions. Hyundai plans to apply its own continuously variable valve duration (CVVD) system initially in its 1.6-liter turbo GDi engine, which will be installed in the [...]
SEOUL, Jun. 26 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Wednesday it has signed an initial pact with Saudi Arabia’s national oil company, Saudi Aramco, to cooperate on hydrogen energy. On Tuesday, Hyundai Motor Executive Vice Chairman Chung Euisun signed a memorandum of understanding with Ahmad A. Al-Sa’adi, senior vice president [...]
SEOUL, Jun. 24 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Monday it will supply 2,000 Ioniq hybrid vehicles to a Singaporean transportation company by the first half of 2020. The Ioniq gasoline hybrid vehicles will be operated as taxis by ComfortDelGro, a local land transportation giant with business interests in bus, [...]
SEOUL, Jun. 20 (Korea Bizwire) — South Korean carmakers Hyundai Motor Co. and Kia Motors Corp. have garnered the three highest marks in J.D. Power’s annual automotive quality survey, they said Thursday. The companies said they expected the achievements to help boost sales in the United States as J.D. Power’s closely followed Initial Quality Study [...]
SEOUL, Jun. 13 (Korea Bizwire) — Hyundai Motor Group said Thursday it has invested in U.S. self-driving car startup Aurora Innovation to enhance its autonomous vehicle technologies. In the partnership, the South Korean auto group will jointly develop autonomous vehicle technologies in order to come up with an optimal self-driving platform for models produced by [...]
SEOUL, Jun. 11 (Korea Bizwire) — Robust sales of new sport-utility vehicle models will buoy stocks of Hyundai Motor Co., analysts said Tuesday, expecting the South Korean carmaker to rack up growth of over 20 percent in its second-quarter operating profit. Shares in Hyundai Motor closed at a 52-week high of 143,500 won (US$121) on [...]
SEOUL, Jun. 10 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s leading railway system and plant equipment maker, said Monday it will work with Hyundai Motor Co. to develop a hydrogen-powered train by 2020. Hyundai Rotem and Hyundai Motor are both affiliates of the country’s top automaker, Hyundai Motor Group. Under the partnership, Hyundai Motor [...]
SEOUL, Jun. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Monday it will invest in Israeli technology startup MDGo to develop vehicles that automatically call an ambulance in the case of car accidents. Hyundai Motor’s investment centers on embedding the Israel firm’s advanced technologies in its next-generation vehicles, the [...]
SEOUL, May 30 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it will launch a car-sharing startup in Russia this year as part of its business diversification strategy. On Wednesday (local time), Hyundai signed a partnership with the Board of Skolkovo Foundation to establish a car-sharing company in the [...]