SEOUL, Feb. 19 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday it became the best-scoring mass-market brand in this year’s J.D. Power’s Vehicle Dependability Study results. Kia beat perennial No. 1 Toyota Motor Corp. and 16 other mass-market brands to become the most dependable mainstream brand in terms of problems owners of [...]
SEOUL, Feb. 17 (Korea Bizwire) — With or without Apple, Hyundai Motor Group is in full gear to transform itself from a traditional automaker to a mobility provider. After having been in the media spotlight as a potential partner for Apple’s car project, Hyundai Motor Co. and its affiliate Kia Corp. said last week they [...]
SEOUL, Feb. 17 (Korea Bizwire) — Kia Corp. South Korea’s No. 2 carmaker, on Wednesday revealed the exterior design of the new large sedan K8, the first model that bears its new brand logo. The K8 is a successor of K7, better known as Cadenza in the United States, which has sold over 500,000 units [...]
SEOUL, Feb. 14 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. aim for a 13 percent increase in U.S. sales this year by selling more SUV and high-end models. Hyundai and Kia are targeting to sell a combined 1,360,000 vehicles in the U.S. market in 2021, up from 1,208,374 units they sold a [...]
SEOUL, Feb. 9 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Tuesday it will invest 29 trillion won (US$26 billion) in car manufacturing facilities and future mobility technologies by 2025. Kia will spend 18.8 trillion won on enhancing profitability in the existing car manufacturing business and 10.1 trillion won on generating [...]
SEOUL, Feb. 8 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Monday they are not in talks with Apple Inc. over an electric car manufacturing project in response to reports of their suspended discussions. In separate regulatory filings, Hyundai and Kia, which together form the world’s fifth-biggest carmaker by sales, said they [...]
SEOUL, Feb. 3 (Korea Bizwire) — Kia Corp. will use its Niro electric vehicle in Singapore as a delivery vehicle for fresh food. The South Korea’s second-biggest carmaker joined hands with local cold chain startup S.lab Asia Inc. for a project to create a last-mile delivery purpose built vehicle (PBV). Last-mile delivery refers to the [...]
SEOUL, Feb. 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Wednesday their sales in the United States rose 7.9 percent in January from a year earlier on robust SUV sales. Hyundai Motor and Kia sold a combined 91,173 vehicles in the world’s most important automobile market last month, up from 84,498 [...]
SEOUL, Jan. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its fourth-quarter net profit nearly tripled from a year earlier on an improved product mix despite the coronavirus pandemic. Net profit for the three months ended December jumped to 976.75 billion won (US$884 million) from 346.36 billion won a year earlier, [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. slumped in their three major markets last year amid the coronavirus pandemic, company data showed Sunday. Hyundai and Kia, South Korea’s two biggest carmakers, saw their sales slump in the United States, Europe and China in 2020 as the COVID-19 pandemic affected [...]