SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. is expanding its partnership with BTS by providing sponsorship to the South Korean boy band’s global campaign in Britain, the company said Sunday. On Friday, BTS began to air a teaser of the K-pop band’s global campaign in London’s Piccadilly Circus aimed at informing its fans [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. sold or received orders for more than 10,000 electric vehicles (EV) coming into this year, corporate sources said Sunday. South Korea’s two largest automakers, and flagships of Hyundai Motor Group, account for 79 percent of all EVs sold in the [...]
SEOUL, Feb. 18 (Korea Bizwire) — Sales of diesel cars made by Hyundai Motor Co. and its corporate cousin, Kia Motors Corp., have steadily fallen for the past three years due to stricter emission regulations, industry data showed Monday. Diesel-powered sales accounted for 33.8 percent of 1,013,259 sedans and recreational vehicles sold by Hyundai and [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea on Monday said it will allow Hyundai Motor Co. to set up a hydrogen charging station in parliament for fuel cell electric vehicles in a symbolic gesture that underscores Seoul’s commitment to boosting the hydrogen economy. Hyundai Motor, the world’s first mass-producer of hydrogen fuel cell electric [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s two largest carmakers, Hyundai Motor Co. and Kia Motors Corp., are moving their global production facilities to emerging markets in anticipation of future growth potential, industry data showed Wednesday. According to the Korea Automobile Manufacturers Association (KAMA), the two flagship companies of Hyundai Motor Group are paying [...]
SEOUL, Feb. 1 (Korea Bizwire) — The city of Gwangju and Hyundai Motor Co. signed an investment agreement on Wednesday to build a vehicle assembly plant in Gwangju. South Korean President Moon Jae-in was also present at the signing ceremony. The feat comes after a series of delays over one of the articles included in [...]
SEOUL, Feb. 1 (Korea Bizwire) — Vehicle sales of South Korea’s five carmakers fell 5.5 percent last month from a year earlier on weak overseas demand, corporate data showed Friday. The five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a combined [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s three listed carmakers are betting big on sport-utility vehicles (SUVs) to bolster sales in 2019 after posting lower-than-expected earnings results last year. With ongoing trade friction between the United States and China and the global economy slowing down, Hyundai Motor Co., Kia Motors Corp. and SsangYong Motor [...]
SEOUL, Jan. 31 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will invest 53 billion won (US$48 million) in a local car manufacturing joint venture in cooperation with a municipal government. The carmaker will acquire a 19 percent stake in the joint company, with Gwangju Metropolitan City holding a 21 percent stake worth 59 [...]
SEOUL, Jan. 30 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has set up a sales subsidiary in China for the sale of its independent Genesis brand luxury vehicles. The move is part of the South Korean carmaker’s stepped-up efforts to revive sales in the world’s biggest automobile market. Its sales in China fell [...]