SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s two largest carmakers, Hyundai Motor Co. and Kia Motors Corp., are moving their global production facilities to emerging markets in anticipation of future growth potential, industry data showed Wednesday. According to the Korea Automobile Manufacturers Association (KAMA), the two flagship companies of Hyundai Motor Group are paying [...]
SEOUL, Feb. 1 (Korea Bizwire) — Vehicle sales of South Korea’s five carmakers fell 5.5 percent last month from a year earlier on weak overseas demand, corporate data showed Friday. The five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a combined [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s three listed carmakers are betting big on sport-utility vehicles (SUVs) to bolster sales in 2019 after posting lower-than-expected earnings results last year. With ongoing trade friction between the United States and China and the global economy slowing down, Hyundai Motor Co., Kia Motors Corp. and SsangYong Motor [...]
SEOUL, Dec. 9 (Korea Bizwire) — Sales of eco-friendly cars made by Hyundai Motor Co. and its sister company Kia Motors Corp. jumped 2.1-fold in the first 11 months of this year, on strong domestic and overseas demand, industry data showed Sunday. The two flagship companies of Hyundai Motor Group, the world’s fifth largest automotive [...]
ULSAN, Dec. 6 (Korea Bizwire) — Unionized workers at Hyundai Motor and affiliated Kia Motors staged a partial strike on Thursday in protest of Hyundai’s possible involvement in the Gwangju job project initiated to create thousands of new low-paying jobs to help fight unemployment in provincial areas. About 80,000 Hyundai and Kia workers — 51,000 [...]
SEOUL, Nov. 6 (Korea Bizwire) — Hyundai Motor Co. and sister Kia Motors Corp., South Korea’s two leading automakers, are expected to undershoot their sales target this year in light of weak track records so far, industry sources said Tuesday. Hyundai and Kia sold a combined 6.09 million vehicles in the first 10 months of [...]
SEOUL, Nov. 5 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, on Monday launched a mobile application to enhance customer services ranging from car purchases to used car sales. The KIA VIK mobile app allows Kia customers to check prices of Kia vehicles, test drive the vehicles they are considering buying, [...]
SEOUL, Oct. 31 (Korea Bizwire) — Kia Motors Corp. will be launching two new “mobility programs,” making it easier for those who currently rent or own Kia vehicles on a long-term basis to have their existing vehicles replaced for newer models. Kia’s “switch” program caters to rentals of the car maker’s new K7 and Sorento [...]
SEOUL, Oct. 2 (Korea Bizwire) — The manufacturing costs of South Korea’s No. 2 automaker, Kia Motors Corp., are forecast to rise due to the new US-Mexico-Canada Agreement (USMCA), a report showed Tuesday. According to the report by the Korea International Trade Association (KITA), automakers producing vehicles in Mexico and Canada for export to the [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are considering shipping some of their cars made in China to Southeast Asia amid lackluster sales in the world’s biggest automobile market. Still, a Hyundai official said it could take time before making a final decision. He [...]