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RVs Account for Nearly Half of S. Korean Automakers’ Domestic Sales in H1

RVs Account for Nearly Half of S. Korean Automakers’ Domestic Sales in H1

SEOUL, Jul. 14 (Korea Bizwire) — Recreational vehicles (RVs) accounted for nearly half of South Korean carmakers’ domestic sales in the first half of the year, industry data showed Sunday. In South Korea, SUVs and minivans are included in the RV category. According to the data, the country’s five automakers, including Hyundai Motor Co. and [...]

Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

Hyundai, Kia to Invest $300 mln in Indian Ride-hailing Firm

SEOUL, Mar. 19 (Korea Bizwire) — Hyundai Motor Co. and its affiliate, Kia Motors Corp., will invest a combined 338.4 billion won (US$300 million) in India’s biggest ride-hailing firm, Ola, in their single biggest investment ever, Hyundai said Tuesday. Hyundai Motor and Kia Motors will invest $240 million and $60 million, respectively, in Ola to [...]