SEOUL, April 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, said Tuesday that it has reached an agreement with Cisco Systems Inc., a U.S.-based networking leader to cooperate on the development of key technologies for connected cars, as part of efforts to stay ahead of global rivals in the car-of-tomorrow segment. Under [...]
SEOUL, March 8 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have spent about 20 billion won (US$16.7 million) to offer tax refunds to their customers who bought vehicles in January following the government’s decision to extend a tax reduction on car purchases, industry sources said Tuesday. The Seoul government lowered the [...]
SEJONG, March 7 (Korea Bizwire) – The South Korean government issued a temporary license plate Monday for the nation’s first self-driving car. The Hyundai Genesis luxury sedan equipped with a high-tech driving assist system will be able to hit the road along six routes designated by the transport ministry.’ The move is part of efforts to [...]
SEOUL, March 3 (Korea Bizwire) – Hyundai Motor Co. and Kia Motors Corp. — South Korea’s two major automakers — are showcasing major sport utility vehicle models at a motor show in Geneva in a bid to strengthen their presence in what is deemed to be one of just a few growing markets this year, [...]
SEOUL, March 2 (Yonhap) – South Korea’s two largest automakersshowcased their first ever dedicated green cars at the GenevaInternational Motor Show on Tuesday as they strive to make inroads into the European market. Hyundai Motor Co. showed off all three powertrain versions of its IONIQ, while its corporate cousin Kia Motors Corp. drew attention with its Niro gasoline-electric crossover. The conventional hybrid IONIQ that was first unveiled in Seoul has been [...]
SEJONG, Jan. 18 (Korea Bizwire) – The number of registered vehicles in South Korea rose 4.3 percent in 2015 from a year earlier on the back of the government’s tax-cut programs and solid demand for foreign-made cars, government data showed Sunday. Car registration stood at 20,989,885 units, up 4.3 percent or some 872,000 vehicles from [...]
SEOUL, Jan.11 (Korea Bizwire) – Letters being used in the design of cars seem to be the latest automotive trend. According to the analysts, Kia Motors’ new K7 and Hyundai Motor’s Ioniq feature alphabet letters in their design, drawing the attention of consumers. The new K7 features the letter ‘Z’ in its LED positioning lamp [...]
SEOUL, Jan. 8 (Korea Bizwire) – The combined domestic market share of Hyundai Motor Co. and its affiliate Kia Motors Corp. remained below the 70 percent level for the second straight year in 2015, affected by the marked advances of foreign brands and intense competition from other smaller local rivals, industry data showed Friday. According [...]
SEOUL, Jan. 5 (Korea Bizwire) – Carmakers in South Korea are rushing to unveil their new models in an apparent bid to preempt the domestic market this year by appealing to customers with upgraded and enhanced functions and designs, industry sources said Tuesday. Hyundai Motor Co., the country’s largest automaker, plans to launch the Ioniq [...]
SEOUL, Jan. 4 (Korea Bizwire) – Hyundai Motor Group’s chairman said Monday that its two carmakers aim to produce and sell 8.13 million cars this year, lowering its annual target from a year earlier due to tough market conditions at home and abroad. This is a downgrade from the previous year when the group, which [...]