SEOUL, Feb. 21 (Korea Bizwire) — Hyundai Motor Co., Tesla Korea and four other carmakers will recall nearly 55,000 vehicles due to faulty components, the transport ministry said Wednesday. The six companies, including Kia Corp., Ford Sales & Service Korea, GS Global Corp. and Bumhan Mobility, are voluntarily recalling a total of 54,792 units of [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s Hyundai Motor Co. on Thursday set a 4 to 5 percent growth target for sales this year, as it posted a 29 percent on-year jump in the fourth quarter on high-end models. Net profit for the three months ended Dec. 31 rose to 2.2 trillion won (US$1.6 [...]
SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, have picked up nine awards at prestigious annual design awards in the United States for their innovative design competitiveness, the companies said Wednesday. Hyundai snagged six top awards at the 2023 Good Design Awards in the transportation category from [...]
SEOUL, Jan. 15 (Korea Bizwire) — Hyundai Motor Co. said Monday it has launched a mobility-themed game on popular global online platform Roblox to showcase the company’s future vision to young gamers. Titled “Hyundai Future Adventure,” the game consists of six jump-action challenges themed around future mobility. Players take their journey exploring a future-themed park [...]
SEOUL, Jan. 12 (Korea Bizwire) — Accumulative sales of eco-friendly vehicles produced by Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are expected to exceed 1 million units in the first quarter, according to the companies Friday. Accumulative sales of eco-friendly units of Hyundai and Kia combined had amounted to 946,962 units as [...]
ULSAN, Dec. 14 (Korea Bizwire) – Hyundai Motor is set to import Sonata taxis from China following a strong reaction from the taxi industry when it announced the discontinuation of domestic production for the mid-size taxi vehicle. The decision to cease production of the seventh-generation LF Sonata for taxis was made in July of this year. [...]
SEOUL, Dec. 14 (Korea Bizwire) — HD Hyundai Construction Equipment Co. said Thursday it has won a deal from a construction company in Saudi Arabia to supply 100 excavators. Under the deal, the construction equipment unit of South Korea’s shipbuilding-to-energy conglomerate HD Hyundai Group plans to supply 70 units of its 22-ton excavators and 30 [...]
SEOUL, Dec. 14 (Korea Bizwire) – Celebrating its 25th year of local production in India, Hyundai Motor is poised to achieve record-breaking sales in the Indian passenger car market this year. Analysts predict that if the company maintains its current monthly sales trend, it will surpass the 600,000-unit annual passenger vehicle sales mark for the first [...]
SEOUL, Dec. 6 (Korea Bizwire) – The prevailing trend in the automotive market is currently centered around the craze for plug-in hybrid electric vehicles (PHEV), marking a notable shift in consumer preferences. Despite the somewhat sluggish sales of fully electric vehicles, hybrids, previously considered a passing fad, are experiencing a resurgence. This revival is evident in [...]
SEOUL, Nov. 29 (Korea Bizwire) – In a groundbreaking reveal that is expected to herald a complete paradigm shift in vehicle propulsion, Hyundai and Kia have revealed a new drive system that integrates essential vehicle components within the wheel. This innovation liberates the space between the wheels, allowing for the implementation of novel designs or the [...]