SEOUL, Jan. 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its fourth-quarter net profit rose 30 percent from a year earlier on a weak won and increased SUV sales. Net profit for the three months ended in December jumped to 1.248 trillion won (US$1.04 billion) from 961.6 billion won during the [...]
SEOUL, Jan. 24 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Monday it aims to sell 25,000 units of the all-new Niro SUV model in the domestic market this year. Last week, Kia received nearly 18,000 preorders for the environment-friendly Niro, equipped with a 1.6-liter gasoline hybrid engine and a 32 kilowatt motor [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States spiked 19 percent in 2021 from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a total of 1.44 million vehicles in the world’s most important automobile [...]
SEOUL, Dec. 21 (Korea Bizwire) — A majority of drivers who have purchased Kia Corp.’s all-electric EV6 sedan preferred trims offering longer range, letting them cover longer distances on a single charge. Hyundai Motor Group reported that 93.1 percent of customers who had purchased an EV6 as of last month had selected the Long Range [...]
SEOUL, Dec. 19 (Korea Bizwire) — Hyundai Motor Group said Sunday that environment-friendly vehicles topped 10 percent of its global car sales for the first time this year amid growing demand for electric cars. The country’s top automotive conglomerate said its two carmakers, Hyundai Motor Co. and Kia Corp., sold a total of 656,479 eco-friendly [...]
SEOUL, Dec. 16 (Korea Bizwire) — Kia Corp., a smaller affiliate of Hyundai Motor Co., on Thursday launched the Carens multi-purpose vehicle in India to gain a share in the local family car market. The seven-seat Carens MPV comes with a 1.5-liter diesel engine, a 1.4-liter turbocharged gasoline engine or a 1.6-liter gasoline engine model, [...]
SEOUL, Dec. 6 (Korea Bizwire) — For the very first time, Hyundai Motor Co. and its affiliate Kia Corp. sold more than 100,000 eco-friendly SUVs this year, driven by the success of hybrid models. The two automakers sold a total of 119,054 hybrid, electric and hydrogen-powered SUVs in South Korea from January to November of [...]
SEOUL, Dec. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 13 percent last month from a year earlier amid the global chip shortage. Hyundai and Kia sold a total of 89,663 vehicles in the world’s most important automobile market in November [...]
SEOUL, Nov. 19 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Friday they will promote their environment-friendly vehicles in a Chinese motor show to revive lackluster local sales. Hyundai introduced the localized Tucson SUV and the Tuscon N Line model in the 19th China Guangzhou International Automobile Exhibition, with a plan to [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Thursday they have unveiled their electric concept SUVs at the Los Angeles Auto Show as they strengthen their all-electric portfolios in line with rival carmakers’ electrification push. Hyundai and Kia debuted the large-sized “Seven” and flagship “EV9″ concept models built on [...]