SEOUL, March 29 (Korea Bizwire) – Hyundai Motor Group’s plan to streamline its governance structure among affiliates will pave the way for future mergers and acquisitions and help it focus on its mainstay car manufacturing business, local analysts here said Thursday. On Wednesday, the country’s biggest carmaker announced it will spin off the module manufacturing and after-sales [...]
SEOUL, Mar. 29 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, said Thursday that it has unveiled its Essentia concept at the New York International Auto Show. The all-electric, high-performance concept provides a vision of the future of the Genesis luxury sub-brand, the carmaker said. Hyundai Motor produces Genesis-badged models under an independent [...]
SEOUL, March 9 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker by sales, recently asked for the cooperation of its union to accept a cut in benefits as part of a broader move to ride out the unfriendly business environment, the company said Friday. In a letter sent to the union last Friday, [...]
SEOUL, March 6 (Korea Bizwire) – South Korea’s top carmaker, Hyundai Motor Co., has chosen this year’s first major auto show to display its latest concept, allowing the public to get a glimpse of its new design direction going forward, the company said Tuesday. Hyundai Motor took the wraps off its Le Fil Rouge concept car, developed under the project name of HDC-1, at the 88th Geneva International Motor Show [...]
ILSAN/PAJU, South Korea, Feb. 21 (Korea Bizwire) – Hyundai Motor Co.’s all-new Santa Fe sport-utility vehicle showed off its superior value proposition on the roads near Seoul ahead of its planned launches in global markets, starting with the United States this summer. In the 100 minutes-long 120 kilometer course through the towns of Ilsan and Paju, just northwest of the capital city, the fully-revamped Santa Fe, [...]
(image: Hyundai Motor) PYEONGCHANG, Feb. 5 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Monday it aims to have sold 10,000 hydrogen-powered NEXOs in global markets by 2022. The hydrogen fuel-cell electric vehicle will go on sale domestically next month and will be exported to major markets, such as Europe, [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are off to a positive start this year, posting increased sales of Tucson and Sportage SUVs, respectively, in the United States last month from a year earlier. In January, Hyundai Motor saw the sale of the Tucson compact SUV jump [...]
SEOUL, Feb. 1 (Korea Bizwire) – South Korea’s five carmakers said Thursday their combined sales rose 0.4 percent last month from a year earlier, helped by new models and a base effect. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a combined 613,796 vehicles in January, up from [...]
SEOUL, Jan. 30 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest carmaker by sales, will launch the all-new Santa Fe sport utility vehicle (SUV) next month in the domestic market to stimulate sales, the company said Tuesday. The first fully-revamped Santa Fe to be rolled out in six years comes as the carmaker badly [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. on Thursday posted sharp declines in 2017 net profit as a strong won and lower demand in China cut into their bottom lines. The won rose 2.6 percent to an average of 1,130.84 against the dollar last year from 1,160.50 [...]