SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Group, the world’s No. 5 auto conglomerate, said Wednesday its January sales in the United States reached an all-time high, giving hope that its affiliate duos may continue to do well following favorable results for the U.S. market last year. Hyundai Motor America and Kia Motors America, [...]
IRVINE, Calif., Jan. 27 (Korea Bizwire) — Pierce Brosnan, known worldwide for his sophisticated movie hero roles, again makes the “Perfect Getaway” in Kia Motors America’s (KMA) 60-second spot for the all-new 2016 Kia Sorento CUV, making its broadcast debut during the third quarter of Super Bowl XLIX. In the spot, part of KMA’s multifaceted [...]
SEOUL, Jan. 27 (Korea Bizwire) — Hyundai Motor Group said Tuesday it will launch a 177.5 billion won (US$163.9 million) fund to support the development of new technologies and business activities for automobiles and hydrogen fuel cells. Hyundai Motor Group, which owns South Korea’s top two car manufacturers, Hyundai Motor Co. and Kia Motors Corp., [...]
SEOUL, Dec. 23 (Korea Bizwire) — Even though the instance of suddenly losing power while driving is on the rise, auto manufacturers have not done anything to address the problem including refund or replacement of faulty cars. According to the Korea Consumer Agency on December 22, the number of faulty ignition cases received through its [...]
SEOUL, Dec. 11 (Korea Bizwire) – Kia Motors’ Pride, also known as the Rio, is the best-selling car in Russia. It is the first time that a foreign vehicle takes first place in auto sales in the country. A total of 10,823 units were sold last month, outnumbering Russian automaker Lada’s Granta model. The Russian [...]
SEOUL, Dec. 9 (Korea Bizwire) – As a part of its yearend KIA Surprise Weekend, Kia Motors planned a music trip and finale concert for its customers. In November, the automaker selected 16 contest winners and sent them on a music trip to the countryside with four teams of indie musicians. On the overnight trip, [...]
SEOUL, Nov. 25 (Korea Bizwire) – Hyundai Motor and Kia Motors are expected to sell a record 8 million vehicles this year, an increase of 440,000 compared to 2013. The Hyundai Motor Group held an export expansion strategy meeting, which included the heads of major subsidiaries, on November 24. At the meeting, the group forecast that it would [...]
SEOUL, Nov. 18 (Korea Bizwire) — Kia Motors held a launching event for its new brand “The New K9” on November 17. Also known as the “K9 Quantum,” it is mounted with a 5.0-liter V8 Tau GDI engine for the first time among Kia models in Korea. By granting the word quantum, as in “quantum [...]
SEOUL, Nov. 18 (Korea Bizwire) – Kia Motors announced that its models, the All New Carnival and the New Sorento, were awarded the grand prize in the Korea Color Awards organized by the Korea Society of Color Studies. Juries of the awarding committee stated, “Powder blue of the All New Carnival gives feeling of stability, [...]
SEOUL, Nov. 12 (Korea Bizwire) — Hyundai Motor officially announced that it is going to purchase 2,202,764 (1% in total) shares of common stocks and 652,019 (1%) shares of preferred stocks on November 11. It was nine years ago when Hyundai Motor purchased its own shares to support its stock price. In 2005 Hyundai had [...]