SEOUL, May 10 (Korea Bizwire) – Sales of midsize hybrid cars were halved in the first four months of this year, mainly due to existing vehicle models becoming dated and the popularity of new non-hybrid vehicles, market watchers said Sunday. Data provided by carmakers showed sales of the Sonata, K5 and Malibu hit 2,268 units at the end of April, down a sharp 49.7 percent from [...]
SEOUL, April 28 (Korea Bizwire) – The 54-year-old chief of Hyundai’s quality and strategy department, Kim Gwang-ho, has been reinstated in his former position after being fired for disclosing defects in the company’s Theta II engine, which prompted a recall of nearly 170,000 cars in South Korea. Hyundai’s temporary move to offer Kim his old [...]
SEOUL, April 26 (Korea Bizwire) – The transport ministry said Wednesday it had notified Hyundai Motor Co. of its decision to have the carmaker recall tens of thousands of its Sonata sedans for parking brake light problems. The Ministry of Land, Infrastructure and Transport made the decision after reviewing five cases of suspected faulty parts [...]
SEOUL, April 20 (Korea Bizwire) – Hyundai Motor Co. has lowered the prices of its i30 hatchback models to attract customers amid tougher competition from rivals, the carmaker said Thursday. Hyundai Motor has cut the mainstay hatchback’s sticker price by 250,000 won to 1.25 million won (US$219-$1,097) in the domestic market, South Korea’s biggest carmaker [...]
SEOUL, Apr. 12 (Korea Bizwire) — Hyundai Motor Co., the country’s top automaker, was ordered to recall some 68,000 units of its Genesis and Equus large sedans for faulty fuel vapor canisters, the transportation ministry said Tuesday. The Ministry of Land, Infrastructure and Transport said the affected vehicles were produced in 2011. “We informed Hyundai [...]
SEOUL, April 10 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, topped the list of auto sales in Peru, in February, aided by a sharp rise in demand for small passenger vehicles, industry data showed on Monday. According to the data compiled by the the Korea Trade-Investment Promotion Agency (KOTRA), Hyundai Motor sold [...]
SEOUL, Apr. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle (SUV) models, data showed Sunday. The South Korean automobile companies sold a combined 4,358 hybrid vehicles in [...]
SEOUL, April 7 (Korea Bizwire) – Hyundai Motor Company revealed plans yesterday to release its very first commercialized electric bus model by early next year. According to the South Korean vehicle manufacturer, its electric bus models are already in development with plans for a trial run scheduled later this year. Hyundai Motor was the first [...]
SEOUL, Apr. 6 (Korea Bizwire) — Hyundai Motor Co. is eyeing opportunities to expand into the Middle Eastern luxury car market by showcasing its luxury Genesis sedans at a local conference, the company said Wednesday. Hyundai will provide four G90 top-of-the-line full-size sedans and another four G80 executive cars as official vehicles for the Conde [...]
SEOUL, Apr. 4 (Korea Bizwire) — Autonomous cars are forecast to become popular in the South Korean auto market in 2028, five years after they do so in the United States, according to analysts Monday. According to the industry analysts in a book published by the Ministry of Science, ICT and Future Planning, self-driving cars [...]