SEOUL, Jan. 19 (Korea Bizwire) — The mileage for autonomous car test drives has surpassed 190,000 kilometers in South Korea over the last two years. The Ministry of Land, Infrastructure and Transport said on Thursday that a total of 30 autonomous vehicles from 17 organizations have been undergoing testing since 2016, when test drives for [...]
SEOUL, Jan. 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it invested in the Southeast Asian ride-hailing firm Grab for a possible business partnership in the transportation service sector. Hyundai Motor reportedly invested tens of billions of won to acquire a stake in Grab so it could get [...]
SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Co. and Cisco Systems Inc. said they will team up to produce a next-generation, hyperconnected car next year in the latest move to stay ahead of global competition as sweeping changes in transportation and mobility pick up pace. The two firms aim to create a flexible and [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, on Tuesday unveiled its next-generation fuel cell electric vehicle NEXO at the Consumer Electronics Show (CES) in Las Vegas. Hyundai Motor introduced the NEXO packed with a more comprehensive range of new driver assistance technologies in its latest effort to compete against [...]
SEOUL, Jan. 8 (Korea Bizwire) – Drugmaker Celltrion Inc.’s stock has made significant gains in recent days, surpassing Hyundai Motor Co. in terms of market value, data showed Monday. Celltrion shares jumped 55.12 percent over the past 7 trading sessions to 302,500 won (US$283.29) on Monday closing, pushing the company’s capitalization to a record 37.1 trillion won. Hyundai Motor’s market capitalization stood at 33.2 trillion won as of Monday closing. Celltrion’s [...]
SEOUL, Jan. 8 (Korea Bizwire) – Hyundai Motor Co.’s vice chairman confirmed that a business partnership with two U.S. companies is “under way” in the area of autonomous driving technology, the carmaker said Monday. After attending U.S. chipmaker Nvidia’s press conference held in Las Vegas on the sidelines of the Consumer Electronics Show (CES), Hyundai MotorVice Chairman Chung Eui-sun made the remarks when asked whether the company’s “collaboration” with Nvidia and [...]
SEOUL, Jan. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it will open an exhibition hall in Seoul to promote its sub-brand Genesis models. In the two-story Genesis Gangnam exhibition hall, which is set to open Saturday in the affluent Gangnam district in southern Seoul, visitors will be [...]
SEOUL, Jan. 3 (Korea Bizwire) – Unionized workers at Hyundai Motor Co. will resume strikes this week for higher salaries and bonuses in a wage deal that has yet to be finalized for last year, the union said Wednesday. Hyundai’s 51,000-member union will go on strike for eight to12 hours a day over the next four working days in a move topress the company to come up with an “improved” wage package, the union said [...]
SEOUL, Jan. 2 (Korea Bizwire) — Hyundai Motor Group, the world’s fifth-largest carmaker by sales, said Tuesday they are targeting to sell a combined 7.55 million vehicles this year as slowing global economic growth weighs on demand in major markets. Hyundai Motor Co. and its affiliate Kia Motors Corp. have set an annual sales target [...]
SEOUL, Dec. 28 (Korea Bizwire) – The government said Thursday it has ordered Hyundai Motor Co. and several foreign automakers to recall nearly one million vehicles due to faulty parts. Hyundai Motor and others were instructed to recall 930,865 units encompassing 54 vehicle types, the Ministry of Land, Infrastructure and Transport said. Hyundai Motor will [...]