SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Co. and its sister company Kia Motors Corp. said Tuesday they have suspended some of their assembly lines here due to shortages of parts from China amid the spreading coronavirus outbreak. Hyundai Motor halted the assembly lines for the production of the carmaker’s independent brand Genesis’s sedan [...]
WASHINGTON, Feb. 3 (Korea Bizwire) — Hyundai’s new Sonata commercial featuring Chris Evans and other stars came in a close second in USA Today’s ranking of Super Bowl ads, the outlet said Monday. The 60-second commercial played during the first quarter of Sunday’s Super Bowl, the championship game of the National Football League. It garnered [...]
SEOUL, Jan. 30 (Korea Bizwire) — Hyundai Motor Group’s three key affiliates posted stellar performance last year with their operating profit jumping 44 percent on a weak won and robust sales of sport-utility vehicle models. For the whole of 2019, Hyundai Motor Co., Kia Motors Corp. and auto parts maker Hyundai Mobis Co. posted a [...]
SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they have invested US$110 million in the U.K.-based electric vehicle startup Arrival as part of their future mobility strategy. Hyundai and Kia have made the investment to jointly develop electric commercial vehicles, such as vans and buses, for [...]
SEOUL, Jan. 14 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Tuesday it will invest 29 trillion won (US$25 billion) in electric vehicles and business diversification by 2025. Kia Motors made the announcement as it aims to transform itself into a leading electric vehicle manufacturer while reducing the ratio of [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday their combined sales in the United States rose 4.6 percent last year, helped by robust sales of SUVs. In 2019, Hyundai and Kia sold a combined 1,304,109 vehicles in the world’s most important automobile market, up 4.6 percent [...]
SEOUL, Dec. 29 (Korea Bizwire) — The sales of SUVs in Europe by South Korea’s top two carmakers — Hyundai Motor Co. and Kia Motors Corp. — may hit a record high, probably surpassing the 500,000-unit mark, aided by its diversified portfolio and strong demand, industry sources said Sunday. According to the sources, the two [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are set to fare well on competitive sport utility vehicles and extended presence in the U.S. market next year following an above-average performance this year amid a slowing economy, analysts say. Three others — GM Korea Co., Renault Samsung Motors [...]
SEOUL, Dec. 9 (Korea Bizwire) — Electricfied models reached over 40 percent of Hyundai Motor Co. and Kia Motors Corp.’s environmentally friendly vehicle sales in the January-October period, an automobile association said Monday. In the first 10 months, Hyundai and Kia sold a combined 291,237 eco-friendly models in global markets, according to the data from [...]
SEOUL, Dec. 8 (Korea Bizwire) — Sport utility vehicles (SUVs) are the best-selling cars for South Korea’s two largest automakers, Hyundai Motor Co. and Kia Motors Corp., in the United States this year, sales data showed Sunday, as they plan to expand their SUV lineup. The two automakers under Hyundai Motor Group sold a combined [...]