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 [...]
SEOUL, Oct. 20 (Korea Bizwire) — Sales of Hyundai Motor Co. and affiliate Kia Corp. cars are up in Germany and Britain, the two largest economies in Europe with strong automobile industries. The German Association of the Automotive Industry reported an 8.7 percent increase in Hyundai and Kia car sales from last year with 129,257 [...]
SEOUL, Oct. 15 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. have teamed up with fuel cell maker Doosan Fuel Cell Co. to establish a hydrogen fuel cell power system as well as to launch a full-scale demonstration project. Companies on Thursday held a completion ceremony for the hydrogen fuel cell distributed power [...]
SEOUL, Sept. 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp.’s environment friendly vehicle sales in the United States more than doubled in August compared with a year ago, led by solid demand for their hybrid sport utility vehicles, industry data showed Wednesday. Hyundai and Kia sold a combined 8,312 eco-friendly cars [...]
SEOUL, Sept. 7 (Korea Bizwire) — With Hyundai Motor Co. and affiliate Kia Corp.’s sedan sales plunging to a new low, South Korea’s automobile market is now being driven by SUV sales. Data from the month of August showed that sedan and hatchback sales accounted for a mere 33.9 percent (31,179 vehicles) of all car [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Thursday their U.S. sales fell 4.5 percent in August from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold a combined 110,209 vehicles last month, down from 115,376 units a year earlier, according to the companies’ [...]
SEOUL, Aug. 27 (Korea Bizwire) — Unionized workers at Kia Corp., South Korea’s second-biggest carmaker, voted Friday to accept the company’s wage proposals without a strike for the first time in a decade. Kia said 68 percent of 26,945 workers voted in favor of wage offers that include an increase of 75,000 won (US$64.30) in [...]
SEOUL, Aug. 26 (Korea Bizwire) — Kia Corp.’s fourth-generation Carnival minivan continues to dominate South Korean market 12 months after its release. The country’s second-biggest carmaker sold 46,294 all-new Carnivals in the first half of this year, topping the sales charts in the minivan market. Ever since its release in August last year, rising demand [...]
SEOUL, Aug. 24 (Korea Bizwire) — With the new ‘contactless’ culture that has settled in with COVID-19, cars are beginning to be sold online, sparking a nationwide controversy as online car shopping is threatening the livelihood of offline dealers. Gwangju Global Motors, a firm jointly established by Hyundai Motor Co. and the southwestern city of [...]
SEOUL, Aug. 19 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. have kicked off a new mobility service for the transportation vulnerable such as the disabled and elderly people in the U.S. The two companies announced on Wednesday the launch of EnableLA, a wheelchair accessible vehicle (WAV) ride-hailing service, in Los Angeles, aimed [...]