SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s leading automaker Hyundai Motors Co. said Tuesday it has unveiled a light truck designed for the local market at a Russian commercial car exhibition. Hyundai will promote the HD36L, a 2.5-liter diesel-powered light truck, at the 2017 Comtrans Commercial Vehicles Auto Show set to run this week [...]
SEOUL, Sept. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, saw their sales growth in Chile slow down this year due to the won’s strength, a state-run trade promotion agency said Monday. In the January-July period, Hyundai’s sales in the Latin American market grew 11 percent on-year to 17,276 [...]
SEOUL, Aug. 16 (Korea Bizwire) – On August 15, with reports from Hyundai and Kia indicating that 141,681 eco-friendly cars had been sold thus far this year as of the end of last month, it is believed that the automotive giants may have found a possible lifeline out of their troubles. To put into perspective [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Company and its labor union remain locked in a stalemate with the domestic automotive industry in the midst of one of its most critical moments in recent history. In what has become something of a yearly tradition, one of the chief sticking points in the talks is the [...]
SEOUL, Aug. 8 (Korea Bizwire) — GM Korea is reportedly in dire straits. The company already saw a partial work stoppage on July 17. Circumstances have become so serious that the Korea Development Bank (KDB Bank), the second largest shareholder in the company, questioned the automaker’s ability to stay in business. In 2002, Daewoo Motors was [...]
SEOUL, Jul. 19 (Korea Bizwire) — The labor union representing the employees of Hyundai Motor Company decided yesterday not to go on strike before the summer holiday season. Instead, it will focus on pushing through negotiations with Hyundai. The union is believed to have stated that “instead of going on strike or taking an antagonistic position [...]
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, July 10 (Korea Bizwire) – Hyundai Motor Co. and its sister company Kia Motors Corp. said Monday that drivers of their cars will be able to use a voice recognition service to find gourmet restaurants. The owners of Hyundai and Kia vehicles with a built-in navigation system can download the updated content starting Monday, [...]
SEOUL, July 3 (Korea Bizwire) – South Korea’s five carmakers said Monday their combined sales fell 14 percent last month from a year earlier as overseas vehicle demand remained weak. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a total [...]
SEOUL, July 3 (Korea Bizwire) – Hyundai Motor Co. said Monday its sales fell 16 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 376,109 vehicles in June, down from 445,021 units a year earlier, the company [...]