SEOUL, Nov. 2 (Korea Bizwire) – Kia Motors Corp., South Korea’s No. 2 automaker, said Wednesday that it has reached a tentative wage deal with the labor union which will be put to a vote by unionized workers next week. Since late June, the automaker and its labor union have been negotiating the wage deal. [...]
SEOUL, Nov. 1 (Korea Bizwire) – Two Hyundai Motor Group affiliates – Hyundai Motor Company and Kia Motors – unveiled their latest project on Monday, the development of an exclusive operating system for connected cars dubbed the Connected Car Operating System (ccOS). The new operating system is a software platform that will have the capacity [...]
SEOUL, Oct. 27 (Korea Bizwire) – Hyundai Motor Group affiliate Kia Motors is making rapid inroads in global automotive markets, introducing localized models, and broadening its eco-friendly product lines. The company announced on Thursday a 20.8 percent on-year increase in net profit for Q3. According to Vice President Han Cheon-su, by 2018 Kia will launch [...]
SEOUL, Oct. 27 (Korea Bizwire) – South Korea’s No. 2 automaker Kia Motors Corp. said Thursday that its third quarter net profit jumped 20.8 percent from a year earlier despite a slight drop in sales. In the July-September period, Kia Motors’ net profit came to 664.3 billion won (US$583.23 million) on a consolidated basis, compared [...]
SEOUL, Oct. 19 (Korea Bizwire) – Hyundai Group affiliates Hyundai Motor Company and Kia Motors are rapidly expanding their Chinese operations, and their latest strategy is to target young consumers with green vehicles and SUVs. The Chinese government has grown more sensitive to environmental concerns in recent years, and has set out various policies to [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are apparently moving to further boost their combined market share with a series of new vehicle models set to be launched starting next month, company officials said Wednesday. The first of the new vehicles will [...]
SEOUL, Sept. 27 (Korea Bizwire) – Carmakers in South Korea saw their overseas production exceed domestic output in the first eight months of this year, industry data showed Tuesday, as local automakers have built more assembly lines in foreign countries in recent years. Seven carmakers, including top automaker Hyundai Motor Co. and its sister company [...]
SEOUL, July 27 (Korea Bizwire) – Kia Motors Corp., South Korea’s No. 2 automaker, said Wednesday that its second-quarter net income surged over 10 percent from a year earlier on a large increase in sales. Net profit came to 825.7 billion won (US$727 million) in the April-June period, up 10.6 percent from the same period [...]
SEOUL, June 26 (Korea Bizwire) – South Korea’s major automobile manufacturers are all set to make a big splash in global eco-friendly vehicle markets in the coming months, local industry sources said Sunday. Hyundai Motor Co. plans to begin the sale of the Ioniq hybrid in the United States and Europe in the latter half [...]
SEOUL, May 31 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-largest automaker, posted record sales in Latin America this year, whose growth surpassed that of the Middle East and Eastern Europe, which are grappling with the economic slowdown, its report showed Tuesday. A total of 57,495 Kia cars were sold in Central and South [...]