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Hyundai, Kia Shares Plunge on U.S. Probe on Faulty Airbags

Hyundai, Kia Shares Plunge on U.S. Probe on Faulty Airbags

SEOUL, March 19 (Korea Bizwire) – Shares of Hyundai Motor Co. and its affiliate Kia Motors Corp. plunged Monday as the U.S. probe into airbag-related accidents raised worries over potential recall costs for the carmakers. The U.S. National Highway Traffic Safety Administration (NHTSA) and Hyundai Motor Group are jointly looking into why the two carmakers’ airbags failed to deploy in Hyundai Sonata sedans and some Kia Forte compacts that [...]

Kia Unveils Teaser Image of K9 Flagship Sedan

Kia Unveils Teaser Image of K9 Flagship Sedan

SEOUL, Feb. 20 (Korea Bizwire) – Kia Motors Corp. on Tuesday released a teaser image of its flagship K9 sedan before its launch in the domestic market in April. The country’s second-biggest carmaker by sales unveiled the image here, marking the first time it is showing off a general shape and silhouette, the company said in a statement. The first-generation K9 sedan was launched in 2012, and the upcoming K9 will be a [...]

Hyundai, Kia European Sales Up 10% in January

Hyundai, Kia European Sales Up 10% in January

SEOUL, Feb. 19 (Korea Bizwire) – Combined sales of cars made by Hyundai Motor Co. and its affiliate Kia Motors Corp. jumped 10 percent on-year in Europe last month, industry data showed Monday. In January, Hyundai and Kia sold 80,741 vehicles in the vast automobile market, up from 73,327 units a year ago, according to data from the European Automobile Manufacturers Association (ACEA). In Europe where small-sized vehicles are popular and stricter emissions [...]

Battle Between Tech Firms for “Connected Car” Dominance Set to Intensify

Battle Between Tech Firms for “Connected Car” Dominance Set to Intensify

  SEOUL, Feb. 2 (Korea Bizwire) — Domestic tech companies and automobile manufacturers are either releasing new systems or widening access to previously exclusive technology, with the race to establish control over the nascent “connected car” market heating up. Also referred to as futuristic vehicle information service or infotainment service, these systems entail the application [...]