POCHEON, Sept. 20 (Korea Bizwire) — At a glance, the G70, launched as a BMW 3 series and Mercedes-Benz C-class challenger by Hyundai Motor Co.’s independent luxury Genesis marque, seems too “sedate,” but it easily proved it has the performance to take on the established heavyweights. The signature hexagonal mesh front grille with a chrome [...]
SEOUL, Aug. 21 (Korea Bizwire) – Unionized workers at Kia Motors Corp. will stage a partial strike to demand higher wages, the carmaker’s union said Monday. The walkout planned for Tuesday comes as Kia’s management and its 28,240-strong union failed to narrow a gap over wages and other benefits in this year’s collective bargaining negotiations. [...]
SEOUL, Aug. 18 (Korea Bizwire) – The Seoul Metropolitan Government has announced plans to open a hydrogen energy trial zone for a limited period of time at the Hangang Park in the hopes of promoting the use of renewable energy. “It is not only the very first hydrogen energy experience zone in South Korea, but [...]
SEOUL, Aug. 16 (Korea Bizwire) – Union members of Hyundai Motor Co., South Korea’s No. 1 automaker, said Wednesday they will stage partial strikes later this week, expressing discontent over talks with the management on wage hikes and job security. The union said workers will stage a partial strike Thursday through Monday. Workers on the [...]
SEOUL, Aug. 14 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, is facing a double whammy of sluggish earnings and a looming labor dispute, which have been sending its stocks lower for couple of weeks, watchers said Saturday. Hyundai Motor closed 2.07 percent lower at 142,000 won (US$123) on the Seoul bourse on Friday, a sharp fall from its 52-week high of 173,000 won on May 23. Hyundai, [...]
SEOUL, Aug. 1 (Korea Bizwire) – Hyundai Motor Co. said Tuesday its sales fell 1.8 percent last month from a year earlier, hit by weakening overseas demand, particularly in the Chinese market. The country’s biggest carmaker by sales sold a total of 333,180 vehicles in July, down from 339,417 units a year earlier, the company [...]
SEOUL, Jul. 26 (Korea Bizwire) — A collaboration between S.M. Entertainment and Hyundai Motor will see artists from one of the biggest South Korean entertainment companies hit the airwaves in a special mobile studio based on Hyundai’s Solati van. The project dubbed ‘Solati Moving Studio’ was revealed on Tuesday to some surprise, as the unexpected partnership [...]
SEOUL, July 13 (Korea Bizwire) – Unionized workers at Hyundai Motor Co. will vote on whether to stage a walkout as they press for more wages and benefits, the company and its union said Thursday. The two-day vote comes as the country’s largest carmaker by sales struggles with slowing sales in major markets such as [...]
SEOUL, March 29 (Korea Bizwire) – Hyundai Motor Co., the country’s biggest carmaker by sales, said Wednesday it is considering launching its luxury Genesis sedans in China next year to expand its presence in the world’s biggest auto market. “We have recently set up a task force team under our Chinese operations to push the [...]
SEOUL, May 11 (Korea Bizwire) – Hyundai is making a push into the superhero world as part of efforts to target the North America market. The company has signed a two-year contract with Marvel and Netflix to feature its vehicles in superhero series such as Daredevil, Jessica Jones, Luke Cage, and Iron Fist. Hyundai will also be [...]