SEOUL, Dec. 2 (Korea Bizwire) — Sales of electric vehicles (EVs) by Hyundai Motor Co. and its smaller affiliate Kia Corp. sank in the U.S. market last month from a month earlier, company data showed Friday, suggesting the new U.S. law on EV tax credits is affecting the demand. Hyundai sold 1,193 flagship IONIQ 5 [...]
SEOUL, Nov. 24 (Korea Bizwire) — The government has begun to take action to correct Kia Corp.’s “hereditary employment” clause included in the collective agreement. The Ministry of Employment and Labor sent out an official notification that the South Korean automaker’s collective agreement includes an unlawful provision, and that corrective procedures will soon take place. [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean automaker Kia Corp. said Monday it had signed a business agreement with domestic startup TBU to verify vehicle-to-vehicle (V2V) charging technology. Under the terms of the agreement, the two parties will promote cooperation to reduce the charging time of electric vehicle (EV) users, secure an income model [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korean automaker Kia Corp. said Thursday it will provide support in setting up electric vehicle (EV) chargers for buyers who live in apartments, villas and other multi-dwelling homes. Kia signed an agreement with EV charging service provider Home & Service Co. to start a EV charging solution program [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday they will expand a self-driving ride-hailing pilot service in Seoul’s Gangnam neighborhood as a way to further upgrade their complete self-driving technology. In collaboration with Kakao Mobility Corp., more vehicles will be added to the pilot RoboRide autonomous service, [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor Co., its independent Genesis brand, and Hyundai’s smaller affiliate Kia Corp. sold a combined 123,233 vehicles in the world’s most [...]
SEOUL, Oct. 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday its third-quarter net profit plunged 60 percent from a year earlier on provisions for additional engine-related recall costs. Net profit for the three months ended in September fell to 458.89 billion won (US$319 million) from 1.13 trillion won during the same [...]
SEOUL, Oct. 18 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday they reflected 2.9 trillion won (US$2 billion) worth of provisions in their third-quarter earnings results, a move that could weigh on their September quarter bottom lines. Hyundai and Kia put aside the provisions — 1.36 trillion won and 1.54 [...]
SEOUL, Oct. 14 (Korea Bizwire) — Unionized workers at Kia Corp. have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company said Friday. Kia’s 30,000-strong union tentatively accepted the company’s proposals, including a 98,000 won (US$68) increase in basic monthly pay, three months of performance-based pay, [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia Corp. and Hyundai’s independent Genesis brand sold a combined 120,642 vehicles in the world’s most important automobile [...]