SEOUL, Nov. 11 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday they will expand a self-driving ride-hailing pilot service in Seoul’s Gangnam neighborhood as a way to further upgrade their complete self-driving technology. In collaboration with Kakao Mobility Corp., more vehicles will be added to the pilot RoboRide autonomous service, [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor Co., its independent Genesis brand, and Hyundai’s smaller affiliate Kia Corp. sold a combined 123,233 vehicles in the world’s most [...]
SEOUL, Oct. 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday its third-quarter net profit plunged 60 percent from a year earlier on provisions for additional engine-related recall costs. Net profit for the three months ended in September fell to 458.89 billion won (US$319 million) from 1.13 trillion won during the same [...]
SEOUL, Oct. 18 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday they reflected 2.9 trillion won (US$2 billion) worth of provisions in their third-quarter earnings results, a move that could weigh on their September quarter bottom lines. Hyundai and Kia put aside the provisions — 1.36 trillion won and 1.54 [...]
SEOUL, Oct. 14 (Korea Bizwire) — Unionized workers at Kia Corp. have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company said Friday. Kia’s 30,000-strong union tentatively accepted the company’s proposals, including a 98,000 won (US$68) increase in basic monthly pay, three months of performance-based pay, [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Wednesday its vehicle sales in the United States rose 4.4 percent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia Corp. and Hyundai’s independent Genesis brand sold a combined 120,642 vehicles in the world’s most important automobile [...]
SEOUL, Oct. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw their electric vehicle (EV) sales in the United States sink in September from a month earlier amid worries over the potential impact from a new U.S. law disadvantaging EV makers that do not produce the green vehicles in America, company data showed [...]
SEOUL, Oct. 4 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Tuesday launched the pure electric high-performance model EV6 GT in the domestic market in a move to beef up its EV lineup. The EV6 GT comes with a 77.4 kWh battery pack and can travel up to 342 kilometers on a single [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will launch the pure electric high-performance model EV6 GT in the domestic market next week in a move to beef up its EV lineup. The EV6 GT comes with a 77.4 kWh battery pack and can travel up to 342 [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 18 percent last month from a year earlier despite the prolonged global chip shortage. Hyundai, its independent Genesis brand, and Kia sold 135,526 vehicles in the world’s most important automobile market [...]