SEOUL, May 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Monday their vehicle sales continued to fall last month due to the impact of the global chip shortage on vehicle production. Hyundai Motor’s sales fell 12 percent to 308,788 vehicles from 349,184 units a year earlier, while Kia’s declined [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s leading carmakers Hyundai Motor Co. and Kia Corp. saw their combined exports of eco-friendly cars top 100,000 units in the first three months of this year, thanks to the brisk sales of all-electric and plug-in hybrid vehicles, data showed Sunday. In the January-March period this year, the [...]
SEOUL, April 28 (Korea Bizwire) — The South Korean government on Thursday ordered Hyundai Motor Co. and its smaller affiliate Kia Corp. to delay their plans to enter the used car market by one year to minimize the impact of their advance on existing players. In March, the Ministry of SMEs and Startups decided not [...]
SEOUL, April 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Wednesday unveiled its first purpose-built vehicle model Niro Plus as it strives to become a future mobility solutions provider. In the 2022 CEO Investor Day last month, Kia said it will launch PBVs based on the Niro hybrid model and the 1-liter [...]
SEOUL, April 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Monday its first-quarter net profit fell 0.2 percent from a year earlier due to one-off costs amid global chip shortages. Net profit for the three months ended in March fell to 1.032 trillion won (US$825 million) from 1.035 trillion won during the [...]
SEOUL, April 18 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Monday outlined its used car business plans to expand customers’ choices following the government’s approval despite objection from existing players. Last month, the Ministry of SMEs and Startups decided not to designate secondhand car sales as one of the “livelihood businesses” that [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. — South Korea’s two biggest carmakers — said Thursday they have unveiled their face-lifted SUV models amid robust demand for SUVs at the New York International Auto Show this week. Hyundai revealed the upgraded Palisade SUV at the show ahead of [...]
SEOUL, April 10 (Korea Bizwire) — Over 1 in 5 vehicles sold by Hyundai Motor Co. and its smaller affiliate Kia Corp. so far this year have been eco-friendly cars, backed by their growing popularity, industry data showed Sunday. The two South Korean automakers sold a combined 64,417 hybrid and electric vehicles in the January-March [...]
SEOUL, April 6 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its on-year vehicle sales jumped 18 percent in India last month on demand for its multipurpose model. Kia sold 22,622 vehicles in India last month, marking the biggest monthly sales figure since it entered the emerging market in August 2019, according [...]
SEOUL, April 5 (Korea Bizwire) — Electric vehicles (EVs) now account for more than 20 percent of Hyundai Motor Co.’s sales in the European market. The carmaker said it sold a total of 57,842 units in Europe in the first two months of this year, of which EVs accounted for 11,532 units. The share of [...]