SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s two largest carmakers — Hyundai Motor Co. and Kia Motors Corp. — are highly likely to see their combined auto production in China come below 1 million units this year, the lowest in a decade, as they moved out of the world’s largest auto market to India [...]
SEOUL, April 4 (Korea Bizwire) — Sales at Hyundai Motor Co. and its affiliate Kia Motors Corp. in the United States declined six percent on-year last month, industry data showed Wednesday. Hyundai, including its premium brand Genesis, and Kia sold a combined 112,185 vehicles in the U.S. in March, down from 118,694 units the same [...]
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 [...]
SEOUL, March 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Wednesday they won a deal to supply a total of 1,000 vehicles to the United Nations’ organizations over the next five years. Hyundai and Kia, which together form the world’s fifth-biggest carmaker by sales, won the bid to export [...]
SEOUL, March 12 (Korea Bizwire) — The national tax office has launched a probe into Kia Motors Corp., South Korea’s second-largest carmaker by sales, industry sources said Sunday. The National Tax Service (NTS) recently sent inspectors to the company’s headquarters in southern Seoul, about six years after it was last reviewed in 2012, according to [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its corporate cousin Kia Motors Corp. posted increased sales of their sport-utility vehicle (SUVs) in the United States last month, though overall number of vehicles sold have not fully recovered, data showed Friday. In February, Hyundai Motor’s combined SUV sales jumped 19 percent to 18,111 [...]
SEOUL, Feb. 22 (Korea Bizwire) — Kia Motors Corp. said Thursday it will produce its SP compact sport utility vehicle in its Indian plant, which will be completed in the second half of next year, to help boost sales in the rapidly growing automobile market there. Kia Motors is in the process of building a [...]
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 [...]
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 [...]
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 [...]