SEJONG, Dec. 30 (Korea Bizwire) – South Korea’s antitrust watchdog said Wednesday that it has ordered Hyundai Motor Group to resolve cross-shareholding ties derived from an intra-group merger and acquisition (M&A) between its two steelmaking units, amid the agency’s recent push to break the cobweb-like shareholding structures of conglomerates. Hyundai Steel Co. was merged with [...]
SEOUL, Dec. 29 (Korea Bizwire) – Unionized workers at Hyundai Motor Co., South Korea’s leading carmaker, voted on Tuesday in favor of a tentative wage deal reached with the management that promises a pay raise, bonuses and other benefits. In a yes-or-no vote, 25,172 workers, or 59.72 percent of votes cast, supported the deal, wrapping [...]
SEOUL, Dec. 28 (Korea Bizwire) – South Korea’s top carmaker Hyundai Motor Group tapped an ex-Lamborghini designer Monday to market its high-end Genesis brand during its latest personnel shuffle. Manfred Fitzgerald will be in charge of leading Hyundai’s strategy for its Genesis brand at home and abroad, the carmaker said. Fitzgerald joined Italy-based Automobili Lamborghini [...]
SEOUL, Dec. 22 (Korea Bizwire) - Hyundai Motor Co.’s midsize sedan, the Sonata, is poised to win the best-selling Korean car title this year for the second consecutive year, industry data showed Tuesday. According to data from the Korea Automobile Manufacturers Association (KAMA), domestic sales of the Sonata hit 95,760 units in the first 11 months [...]
SEOUL, Dec. 21 (Korea Bizwire) - The Creta, a small SUV made by Hyundai Motor Co., has been named the Indian Car of the Year 2016 thanks to its strong popularity in the world’s No. 4 car market, Hyundai said Sunday. The Creta, which was rolled out in July, out rivaled 12 other models,including Honda’s Jazz, in seven categories such as sales records, price, performance, fuel efficiency and safety, said Hyundai, South Korea’s top automaker. The Creta crossover SUV is the fourth Hyundai model [...]
SEOUL, Dec. 11 (Korea Bizwire) - An eco-friendly power train of Hyundai Motor Co., South Korea’s leading automaker, has been selected as one of the global top 10 engines by a major U.S. automotive magazine, the company said Friday. Wards Auto included the power train used in Hyundai Motor’s Sonata plug-in hybrid vehicle (PHEV) in its [...]
FOUNTAIN VALLEY, Calif., Dec. 9 (Korea Bizwire) – Hyundai is continuing its love of football and celebration of fan passion by building on its NFL sponsorship, signing deals with two NFL teams – the Minnesota Vikings and Pittsburgh Steelers. “Hyundai is not only connecting with football fans at a national level, but in the community [...]
SEOUL, Dec.4 (Korea Bizwire) – For the first time, Hyundai Motor management will meet their anti-fans and talk. According to industry watchers, Hyundai Motor’s Vice President Kwak Jin will invite members of their biggest ‘anti’ café, Bobe Dream, and host a debate related to the misunderstandings they have about Hyundai. Previously, president Kim Chung-ho and [...]
SEOUL, Dec. 2 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their sales in China continue to rebound from a deep trough on the back of firm demand for sports utility vehicles and new models, industry data showed Wednesday. The two leading South Korean carmakers sold a total of [...]
SEOUL, Dec. 1 (Koria Bizwire) - Hyundai Motor Group Chairman Chung Mong-koo will meet with heads of overseas sales units in mid-December to discuss sales tactics and future business plans in global markets, industry sources said Tuesday. During the meeting to be held at its headquarters in Seoul, around 60 heads of sales units of Hyundai [...]