SEOUL, Nov. 25 (Korea Bizwire) - Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will likely see sales of their major SUV models exceed 100,000 units in Europe this year, industry data showed Wednesday. According to the data, Hyundai Motor sold 95,669 units of the Tucson SUV in Europe during the January-October period, while [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw sales in Europe grow in October, driven by strong demand for sport utility vehicles, industry data showed Tuesday. According to data by a local automotive association, Hyundai Motor sold 37,967 cars in Europe last month, up 4.4 percent [...]
SEOUL, Nov. 16 (Korea Bizwire) – Hyundai Motor Group, the world’s No. 5 automaker, said Sunday its mid-sized models took up more than 20 percent of its combined sales in China through October this year. Hyundai Motor Co. and Kia Motors Corp. shipped 263,610 mid-sized cars to China over the January-October period, taking up 20.5 [...]
SEOUL, Nov. 10 (Korea Bizwire) – Hyundai Motor Co. Vice Chairman Chung Eui-sun bought an additional stake in the country’s leading automaker on Tuesday as part of efforts to tighten his grip on the company and protect shareholders’ value, the company said. Chung, the son of Hyundai Motor Group Chairman Chung Mong-koo, spent nearly 300 [...]
SEOUL, Nov. 3 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. said Tuesday that their combined sales in China grew for the first time in six months in October. The two leading South Korean carmakers said that they sold a total of 156,575 vehicles in China last month, up 4.7 [...]
HWASUNG, Oct. 14 (Korea Bizwire) – Teams from Hyundai Motor Group have suggested various ideas about the future of motor vehicles. From automobile advancements to augmented reality (AR), Hyundai researchers are dreaming big as they envision future transportation. On October 13, the ’2015 R&D Idea Festival’ was held at Hyundai’s Namyang research center. Teams of [...]
SEOUL, Oct. 11 (Korea Bizwire) – Eight models of South Korean carmakers Hyundai Motor Co. and Kia Motors Corp. have won top marks in a Chinese customer satisfaction survey, the companies said Sunday. Hyundai’s Tucson ix, ix25, Santa Fe, Mingtu and Langdong, and Kia’s K2, K3 and KX3 scored the highest in their respective categories [...]
SEOUL, Sept. 15 (Korea Bizwire) – With the approach of Chuseok, the Korean Thanksgiving holiday, carmakers are providing various services including free rentals. Hyundai Motor is holding a ‘Hangawi (Korean Thanksgiving Day) Rental’ event in which they plan to provide 200 new Avantes and 100 new Sonatas. The vehicles can be used from September 24 [...]
HWASEONG, Sept. 9 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, launched the sale of its all-new Avante subcompact on Wednesday, aiming to appeal to global customers with upgraded safety, better fuel efficiency and driving performance. The latest edition of the Avante is the sixth generation of Hyundai Motor’s popular subcompact which debuted [...]
SEOUL, Aug. 31 (Korea Bizwire) – “Labor costs in Korea are rising rapidly. For example, Indian assembly plants can produce cars at half the cost of those in Korea. The so-called ‘ordinary wage’ issue will affect all Korean industries – not just the automobile industry.” Last May, Sergio Rocha, president and CEO of GM Korea, [...]