GOYANG, South Korea, Feb. 27 (Korea Bizwire) – Hyundai Motor Company unveiled its Ioniq plug-in hybrid electric vehicle (PHEV) Monday, completing its trio of Ioniq vehicles. The Ioniq Hybrid was introduced in January of last year, and the Ioniq Electric followed two months later. The new PHEV model uses both an internal combustion engine and [...]
SEOUL, Feb. 8 (Korea Bizwire) – Four passenger vehicles by Hyundai Motor Company and its affiliate Kia Motors triumphed at the International Forum (iF) Design Awards 2017. Three Kia vehicles – the Niro hybrid crossover, Optima (K5) Sportswagon, and all-new Rio (Pride) supermini – received awards for product design in the automobiles and vehicles category, [...]
SEOUL, Feb. 8 (Korea Bizwire) – Sales of semi-large sedans in South Korea have been on a roll recently with their shipments one-upping those of midsize cars for a second month in January, industry data showed Wednesday. Domestic sales of semi-large sedans, including Hyundai Motor Co.’s Grandeur and Kia Motors Corp.’s K7, totaled 15,242 units [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. suffered a huge setback in its profit in the fourth quarter of last year, the company said Wednesday. Net profit came to 1.07 trillion won (US$918.5 million) in the three months ended Dec. 31, down 30.1 percent from the same period in [...]
SEOUL, Jan. 23 (Korea Bizwire) – According to the latest data from the German Association of the Automotive Industry (VDA) and the Korea Automobile Importers and Distributors Association, Korean automakers sold 171,147 units in Germany last year, up 2.8 percent compared to 2015 (166,563). Although Hyundai Motor Company saw its sales drop by 1.1 percent [...]
SEOUL, Dec. 23 (Korea Bizwire) – Executives from Hyundai Motor Group have expressed concerns for 2017, mainly from the stagnant global automotive industry and a strong comeback from Japanese automakers buoyed by the low Japanese yen. During a seminar on Thursday outlining the global automotive industry prospects for 2017 hosted at company headquarters in southern [...]
SEOUL, Dec. 19 (Korea Bizwire) – Kia Motors Corp., South Korea’s No. 2 automaker, saw its sales in Mexico more than double in November despite rising concerns over U.S. President-elect Donald Trump’s trade policy, industry data showed Monday. Kia sold 5,460 vehicles in November, up a whopping 143 percent from the same month a year [...]
SEOUL, Dec. 1 (Korea Bizwire) – Combined sales of automakers in South Korea grew from a year earlier in November on strong demands both at home and abroad, data from the companies showed Thursday. In November, the five South Korea-based carmakers sold 868,458 cars globally, up 5.6 percent from 822,754 vehicles sold in the same [...]
SEOUL, Nov. 25 (Korea Bizwire) – The total number of department stores operating across the country came to 100 last year, industry watchers said Friday, as more leading players are aggressively expanding and diversifying their outlets. A total of 100 department stores were operating as of the end of 2015, with the number to increase [...]
BRUSSELS, Nov. 18 (Korea Bizwire) – Sales of South Korea’s top carmaker, Hyundai Motor Co., and its affiliate, Kia Motors Corp., in the European auto market hit a record high in 2016, industry data showed Friday. Cumulative sales of the two automakers in the 28-member European Union (EU) came to an all-time high of 779,115 [...]