SEOUL, Jul. 5 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. has seen its market capitalization touch an eight-year low as slumping global sales pound its share price, data showed Thursday. Shares of Hyundai Motor closed at 119,500 won (US$107) on Wednesday, the lowest closing price since April 19, 2010, according to the [...]
SEOUL, Jul. 4 (Korea Bizwire) — Hyundai Motor Co. has landed a partnership with a Sydney-based car sharing start-up to develop a smartphone application that allows for a person-to-person ride sharing service, the company said Wednesday. Under the partnership with Car Next Door, Hyundai Motor aims to launch an app-based “new mobility service” in Australia [...]
SEOUL, Jul. 3 (Korea Bizwire) — Hyundai Motor Co. has invested in an Israeli company to jointly develop a chipset for direct communications with connected vehicles, the company said Tuesday. Hyundai Motor will partner with Autotalks, an Israel-based fabless semiconductor company specializing in vehicle-to-everything (V2X) communications, to “pre-emptively prepare for the era of connected vehicles,” [...]
ULSAN, Jun. 27 (Korea Bizwire) — A family of Indian spot-billed ducks that appeared at Hyundai Motor’s Ulsan factory was handed over to a wildlife rescue center after being taken care of by company employees. According to Hyundai employees, a mother duck and her nine ducklings appeared near the main factory building around the middle [...]
SEOUL, Jun. 20 (Korea Bizwire) — Hyundai Motor Group, the world’s fifth-largest auto-making conglomerate by sales, said Wednesday that it has signed a multi-year patent cross-licensing deal with Audi AG on a broad range of fuel cell electric vehicle components and technologies. The agreement — signed between Hyundai Motor Co. and Audi — covers existing [...]
SEOUL, Jun. 14 (Korea Bizwire) — Hyundai Motor is set to develop futuristic AI technology for self-driving cars by partnering with Chinese tech companies. At CES Asia 2018 in Shanghai, the largest electronics exhibit in Asia, the Korean carmaker announced a tech partnership with DeepGlint, a Chinese startup specializing in the field of artificial intelligence. [...]
SEOUL, May 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will expand its investment in U.S. wireless technology company Metawave for an improved partnership on autonomous vehicles. Hyundai Motor made an initial investment in Metawave last year in a bid to jointly develop cutting-edge radar technology for autonomous vehicles. This year, it will [...]
SEOUL, Apr. 27 (Korea Bizwire) — Sales and profits at Hyundai Motor fell in the first quarter of the year in the midst of an unfavorable global environment. The Korean carmaker hopes to boost its sales figures by releasing a number of new cars and SUVs in the second quarter. Hyundai released its earnings for [...]
SEOUL, Apr. 4 (Korea Bizwire) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by the group. The three affiliates are [...]
SEOUL, Apr. 2 (Korea Bizwire) – GM Korea’s brand value has taken a hit amid a plant shutdown and labor-management conflicts, with its Chevrolet Spark and Malibu models slipping in the rankings. According to data released by Brandstock on Sunday, the Chevrolet Spark failed to rank in the top 100 most valuable brands in the South [...]