SEOUL, Jun. 20 (Korea Bizwire) — South Korean carmakers Hyundai Motor Co. and Kia Motors Corp. have garnered the three highest marks in J.D. Power’s annual automotive quality survey, they said Thursday. The companies said they expected the achievements to help boost sales in the United States as J.D. Power’s closely followed Initial Quality Study [...]
SEOUL, Jun. 14 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday it will shut down one of its three plants in China this month due to a slump in sales in the world’s top auto market. The assembly line in Yancheng, Jiangsu Province, will be used by Kia’s local [...]
SEOUL, May 6 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Motors Corp. are on track to log improved earnings this year due to a low base effect and robust sales of sport-utility vehicles, experts and industry sources said Monday. In the January-March quarter, Hyundai enjoyed a 30-percent on-year jump in net profit at [...]
SEOUL, Apr. 10 (Korea Bizwire) — Kia Motors Corp.’s union has called for the halt to U.S. production of the automaker’s brand new Telluride three-row SUV as weak vehicle sales can jeopardize jobs in South Korea, industry sources said Wednesday. The issue is expected to take on prominence at this year’s collective bargaining talks between [...]
SEOUL, Apr. 7 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s leading carmakers, saw their share of the SUV market in the United States hit a seven-year high in the first quarter, industry data showed Sunday. According to the data, a combined 155,082 units of SUVs made by Hyundai and Kia [...]
SEOUL, Mar. 20 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Wednesday that it is considering production of electric vehicles (EVs) at one of its three plants in China amid faltering sales there. “The company is considering halting the production of existing models such as the Sportage sport utility vehicle [...]
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 [...]
SEOUL, Mar. 4 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, is discussing internally whether to introduce the Telluride, a large-sized sports utility vehicle initially designed for the United States only, to the South Korean market. Kia’s sales department has been pushing the automaker to bring the SUV to South Korea, [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. sold or received orders for more than 10,000 electric vehicles (EV) coming into this year, corporate sources said Sunday. South Korea’s two largest automakers, and flagships of Hyundai Motor Group, account for 79 percent of all EVs sold in the [...]
SEOUL, Feb. 18 (Korea Bizwire) — Sales of diesel cars made by Hyundai Motor Co. and its corporate cousin, Kia Motors Corp., have steadily fallen for the past three years due to stricter emission regulations, industry data showed Monday. Diesel-powered sales accounted for 33.8 percent of 1,013,259 sedans and recreational vehicles sold by Hyundai and [...]