SEOUL, June 7 (Korea Bizwire) – South Korea’s top carmaker Hyundai Motor Co. said Wednesday it will work with Chinese technology giant Baidu, Inc. to develop a navigation system for its vehicles that will be sold in the world’s biggest auto market. Hyundai and Baidu will jointly develop “Baidu MapAuto” and a voice recognition system [...]
SEOUL, Jun. 7 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Tuesday it has hired Volkswagen China’s design director Simon Loasby in its latest efforts to better appeal to Chinese customers in the world’s largest auto market. The 49-year-old is set to join as executive director and head of Hyundai [...]
SEOUL, Jun. 5 (Korea Bizwire) — Sales of high-performance vehicles are on the rise in South Korea amid growing demand by consumers who want more from the cars they drive every day, industry sources said Friday. The number of performance cars sold here fell far behind sales of mass-market models but it has steadily increased [...]
SEOUL, May 30 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it will unveil its brand new subcompact sport utility vehicle (SUV) locally on June 13 as it released a teaser image highlighting the car’s low silhouette and wide stance. South Korea’s largest carmaker by sales is set to make its foray into North American [...]
SEOUL, May 24 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday it will test its i30N hot hatch in a 24-hour endurance race in Germany this weekend. Hyundai sent an 8-member driver team, composed of four research engineers and four professional drivers, to the 2017 24 Hours Nurburgring to [...]
SEOUL, May 22 (Korea Bizwire) — Asset size of South Korea’s top four business conglomerates grew by more than 30 percent over the past five years, a corporate information provider said Sunday. Data provided by Chaebul.com showed combined assets of Samsung, Hyundai Motor, SK and LG stood at 864.9 trillion won as of end 2016, [...]
SEOUL, May 19 (Korea Bizwire) – South Korea is expected to recall more than 1 million vehicles in 2017 as motorists become more safety-conscious amid the sophistication of auto parts and technology, officials said Thursday. In the year to date, the Ministry of Land, Infrastructure and Transport has ordered some 100 recalls affecting 820,000 vehicles, with the full-year number likely to far exceed the 1 million mark. It will mark the first time in two years for [...]
SEOUL, May 18 (Korea Bizwire) – Hyundai Motor Co. has launched the hybrid version of its latest Sonata sedan to diversify its lineup, the company said Thursday. The Sonata New Rise Hybrid went on sale earlier in the day in the domestic market with a lifetime battery warranty, 10-year/200,000-kilometer warranty on parts for hybrid [...]
SEOUL, May 17 (Korea Bizwire) – South Korean carmaker Hyundai Motor is planning to include active safety technology in all of its compact car models, a company official said yesterday. Speaking at a global autonomous driving conference held yesterday, Lee Jin-woo, the head of Hyundai Motor’s Intelligent Safety Technology Center revealed the company’s all-out efforts to [...]
SEOUL, May 11 (Korea Bizwire) – The vice chairman and heir apparent of Hyundai Motor Co., South Korea’s leading carmaker, on Thursday told the company’s global salespeople that the company will churn out new vehicles and make necessary investments in technologies that will make it more competitive. On the second day of the 2017 Global [...]