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 [...]
SEOUL, Jan. 16 (Korea Bizwire) — Unionized workers at Hyundai Motor Co. have approved the second tentative wage deal for 2017, concluding the long-drawn-out negotiations, the union said Tuesday. In a vote held on Monday at a Hyundai’s main plant in Ulsan, 414 kilometers southeast of Seoul, the 49,667-member union chose to accept the revised [...]
SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]
SEJONG, Dec. 15 (Korea Bizwire) — The head of South Korea’s antitrust watchdog said he expects the country’s large businesses groups to voluntarily reform their cobweb-like family-run governance structures to meet market expectations and promote fair competition. “I once again reaffirm that I will never be pushy and coercive in carrying out reform on conglomerates,” [...]
SEOUL, Dec. 14 (Korea Bizwire) – The Genesis G80 and G90 sedans earned the highest safety rating from the Insurance Institute for Highway Safety (IIHS) for the year of 2018, Hyundai Motor said Thursday. Hyundai Motor produces the luxury Genesis models under an independent marque separate from other vehicles. The two Genesis models earned the [...]