SEOUL, Jan. 19 (Korea Bizwire) – Hyundai Motor Co. and affiliate Kia Corp. are expected to post double-digit growth in their fourth-quarter operating profit, helped by robust domestic sales despite the coronavirus pandemic. Strong local demand for their vehicles helped Hyundai Motor and Kia offset their weak overseas sales in the October-December period, analysts said. [...]
SEOUL, Jan. 15 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Friday it will launch seven all-electric models by 2027 to gain a share of the growing electric vehicle market. Kia said it will release its pure electric crossover model based on a new EV platform called the electric-global modular platform [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s two largest carmakers — Hyundai Motor Co. and Kia Motors Corp. — are highly likely to see their combined auto production in China come below 1 million units this year, the lowest in a decade, as they moved out of the world’s largest auto market to India [...]
SEOUL, April 4 (Korea Bizwire) — Sales at Hyundai Motor Co. and its affiliate Kia Motors Corp. in the United States declined six percent on-year last month, industry data showed Wednesday. Hyundai, including its premium brand Genesis, and Kia sold a combined 112,185 vehicles in the U.S. in March, down from 118,694 units the same [...]
SEOUL, March 19 (Korea Bizwire) – Shares of Hyundai Motor Co. and its affiliate Kia Motors Corp. plunged Monday as the U.S. probe into airbag-related accidents raised worries over potential recall costs for the carmakers. The U.S. National Highway Traffic Safety Administration (NHTSA) and Hyundai Motor Group are jointly looking into why the two carmakers’ airbags failed to deploy in Hyundai Sonata sedans and some Kia Forte compacts that [...]
SEOUL, March 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Wednesday they won a deal to supply a total of 1,000 vehicles to the United Nations’ organizations over the next five years. Hyundai and Kia, which together form the world’s fifth-biggest carmaker by sales, won the bid to export [...]
SEOUL, March 12 (Korea Bizwire) — The national tax office has launched a probe into Kia Motors Corp., South Korea’s second-largest carmaker by sales, industry sources said Sunday. The National Tax Service (NTS) recently sent inspectors to the company’s headquarters in southern Seoul, about six years after it was last reviewed in 2012, according to [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its corporate cousin Kia Motors Corp. posted increased sales of their sport-utility vehicle (SUVs) in the United States last month, though overall number of vehicles sold have not fully recovered, data showed Friday. In February, Hyundai Motor’s combined SUV sales jumped 19 percent to 18,111 [...]
SEOUL, Feb. 22 (Korea Bizwire) — Kia Motors Corp. said Thursday it will produce its SP compact sport utility vehicle in its Indian plant, which will be completed in the second half of next year, to help boost sales in the rapidly growing automobile market there. Kia Motors is in the process of building a [...]
SEOUL, Feb. 20 (Korea Bizwire) – Kia Motors Corp. on Tuesday released a teaser image of its flagship K9 sedan before its launch in the domestic market in April. The country’s second-biggest carmaker by sales unveiled the image here, marking the first time it is showing off a general shape and silhouette, the company said in a statement. The first-generation K9 sedan was launched in 2012, and the upcoming K9 will be a [...]