SEOUL, Dec. 16 (Korea Bizwire) — Kia Corp., a smaller affiliate of Hyundai Motor Co., on Thursday launched the Carens multi-purpose vehicle in India to gain a share in the local family car market. The seven-seat Carens MPV comes with a 1.5-liter diesel engine, a 1.4-liter turbocharged gasoline engine or a 1.6-liter gasoline engine model, [...]
SEOUL, Dec. 6 (Korea Bizwire) — For the very first time, Hyundai Motor Co. and its affiliate Kia Corp. sold more than 100,000 eco-friendly SUVs this year, driven by the success of hybrid models. The two automakers sold a total of 119,054 hybrid, electric and hydrogen-powered SUVs in South Korea from January to November of [...]
SEOUL, Dec. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 13 percent last month from a year earlier amid the global chip shortage. Hyundai and Kia sold a total of 89,663 vehicles in the world’s most important automobile market in November [...]
SEOUL, Nov. 19 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Friday they will promote their environment-friendly vehicles in a Chinese motor show to revive lackluster local sales. Hyundai introduced the localized Tucson SUV and the Tuscon N Line model in the 19th China Guangzhou International Automobile Exhibition, with a plan to [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Thursday they have unveiled their electric concept SUVs at the Los Angeles Auto Show as they strengthen their all-electric portfolios in line with rival carmakers’ electrification push. Hyundai and Kia debuted the large-sized “Seven” and flagship “EV9″ concept models built on [...]
SEOUL, Nov. 11 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday it will sell only electric vehicles in Europe from 2035 and in other major markets from 2040 as it seeks to gradually phase out internal combustion-engine cars in global markets. Kia announced the 2045 carbon neutrality strategy as governments around the [...]
SEOUL, Nov. 11 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. are proving to be strong players in the Indian sport utility vehicle (SUV) market. The Society of Indian Automobile Manufacturers (SIAM) reported that out of 100,055 SUVs sold in India last month, Hyundai and Kia sold 18,538 and 15,931 vehicles, respectively. Hyundai [...]
SEOUL, Nov. 3 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 4.1 percent last month from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold 108,828 vehicles in the world’s most important automobile market in October from [...]
SEOUL, Nov. 1 (Korea Bizwire) — Worldwide sales of the IONIQ 5 and EV6, the first dedicated battery electric models from Hyundai Motor Co. and its affiliate Kia Corp., respectively, have exceeded 50,000 units just six months after their release, according to recent data. Hyundai Motor’s IONIQ 5 was released in April and Kia’s EV6 [...]
SEOUL, Oct. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its third-quarter net profit rose sharply due to a lack of one-off costs, but chip shortages remain a major concern for the carmaker. Net profit for the three months ended in September jumped more than eightfold to 1.135 trillion won (US$970 [...]