SEOUL, March 26 (Korea Bizwire) — Hyundai Motor Co. is mulling whether to produce a small pickup truck in the United States to avoid high tariffs and meet growing local demand, the company said Monday. “We have not made any decision on the manufacture of a pickup truck in the U.S. but are considering whether [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, on Thursday unveiled upgraded versions of its Ioniq hybrid and electric vehicles (EVs) with enhanced safety features and better range. The company said the new Ioniq EVs, conventional hybrids and plug-in hybrid electric vehicle (PHEV) models are equipped with enhanced features, such [...]
SEOUL, March 19 (Korea Bizwire) – Shares of Hyundai Motor Co. and its affiliate Kia Motors Corp. plunged Monday as the U.S. probe into airbag-related accidents raised worries over potential recall costs for the carmakers. The U.S. National Highway Traffic Safety Administration (NHTSA) and Hyundai Motor Group are jointly looking into why the two carmakers’ airbags failed to deploy in Hyundai Sonata sedans and some Kia Forte compacts that [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its corporate cousin Kia Motors Corp. posted increased sales of their sport-utility vehicle (SUVs) in the United States last month, though overall number of vehicles sold have not fully recovered, data showed Friday. In February, Hyundai Motor’s combined SUV sales jumped 19 percent to 18,111 [...]
Luc Donckerwolke, head of Hyundai and Genesis Design Center, (L) and Lee Kwang-guk, the chief of Hyundai’s domestic sales, pose for a photo beside the all-new Santa Fe SUV following its launch event at KINTEX exhibition hall in Ilsan. (image: Hyundai Motor) SEOUL, Feb. 21 (Korea Bizwire) — Hyundai Motor Co. said Wednesday that it [...]
SEOUL, Feb. 19 (Korea Bizwire) – Combined sales of cars made by Hyundai Motor Co. and its affiliate Kia Motors Corp. jumped 10 percent on-year in Europe last month, industry data showed Monday. In January, Hyundai and Kia sold 80,741 vehicles in the vast automobile market, up from 73,327 units a year ago, according to data from the European Automobile Manufacturers Association (ACEA). In Europe where small-sized vehicles are popular and stricter emissions [...]
SEOUL, Feb. 19 (Korea Bizwire) — Hyundai Motor Co.’s Tucson small SUV was the carmaker’s best-selling vehicle on the global market last month, outpacing the Elantra compact, data showed Monday. In January, Hyundai Motor sold 51,784 Tucson crossovers, exceeding the Elantra’s 48,670, according to South Korea’s largest carmaker. The Elantra, which is sold in the [...]
PYEONGCHANG, South Korea, Feb. 6 (Korea Bizwire) — A 250-kilometer-long test drive proved that Hyundai Motor Co.’s hydrogen-powered Nexo is unrivaled in terms of fuel economy, but also illustrated how weak recharging infrastructure in South Korea remains a major hurdle for the growth of the next-generation vehicle. The brand-new fuel cell electric vehicle (FCEV) was [...]
SEOUL, Feb. 2 (Korea Bizwire) — Domestic tech companies and automobile manufacturers are either releasing new systems or widening access to previously exclusive technology, with the race to establish control over the nascent “connected car” market heating up. Also referred to as futuristic vehicle information service or infotainment service, these systems entail the application [...]
SEOUL, Jan. 29 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. fell far behind global rivals in profitability last year due to a strong won and declining sales in China and the United States, industry sources said Sunday. For the whole of 2017, Hyundai Motor and Kia Motors posted operating profit [...]