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Hyundai, Kia European Sales Up 10% in January

SEOUL, Feb. 19 (Korea Bizwire) – Combined sales of cars made by Hyundai Motor Co. and its affiliate Kia Motors Corp. jumped 10 percent on-year in Europe last month, industry data showed Monday. In January, Hyundai and Kia sold 80,741 vehicles in the vast automobile market, up from 73,327 units a year ago, according to data from the European Automobile Manufacturers Association (ACEA). In Europe where small-sized vehicles are popular and stricter emissions [...]

Battle Between Tech Firms for “Connected Car” Dominance Set to Intensify

SEOUL, Feb. 2 (Korea Bizwire) — Domestic tech companies and automobile manufacturers are either releasing new systems or widening access to previously exclusive technology, with the race to establish control over the nascent “connected car” market heating up. Also referred to as futuristic vehicle information service or infotainment service, these systems entail the application [...]

Kia to Unveil Compact SUV Concept in India Next Month

SEOUL, Jan. 31 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Tuesday it will unveil a compact sport utility vehicle concept at an automobile exhibition in India next month. The company plans to introduce the compact SP SUV concept at the 14th Auto Expo 2018, India’s largest motor show slated [...]

Hyundai, Kia Fell Behind Global Rivals in Profitability Last Year: Sources

SEOUL, Jan. 29 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. fell far behind global rivals in profitability last year due to a strong won and declining sales in China and the United States, industry sources said Sunday. For the whole of 2017, Hyundai Motor and Kia Motors posted operating profit [...]

Kia’s Dec Sales Fall 17.2 Pct on Weak Overseas Demand

SEOUL, Jan. 2 (Korea Bizwire) — Kia Motors Corp. said Tuesday its vehicle sales fell 17.2 percent in December from a year earlier on weaker overseas demand. The country’s second-largest carmaker by sales sold 226,842 vehicles last month, down from 273,994 units a year earlier, Kia Motors said in a statement. “The poor monthly results [...]

Kia Launches Upgraded K7 Sedan to Boost Sales

SEOUL, Dec. 4 (Korea Bizwire) – Kia Motors Corp., the country’s second-largest carmaker by sales, has launched the upgraded K7 sedan as part of its efforts to bolster sales, the company said Monday. On Monday, Kia began to sell the facelifted K7 full-size sedan in five versions in the domestic market. The carmaker has added a 3.0-liter gasoline-powered K7 model with an eight-speed automatic transmission to its existing four models to give customers more options, Kia said [...]

Marriage of Art and Subtle Brand Marketing a Success for Both Artists and Companies

SEOUL, Oct. 31 (Korea Bizwire) – It’s not uncommon to see celebrities appearing in ads, hawking a multinational company’s latest hair gel or next-generation vacuum cleaner, especially in South Korea, where those in the public eye are seen in advertisements for virtually anything with financial value. In a saturated market of public figure-endorsed product advertisements, [...]

Auto Exports Surge in September

SEJONG, Oct. 18 (Korea Bizwire) — South Korea’s exports of automobiles jumped nearly 60 percent last month from a year earlier on recovering demand from Europe and North America, government data showed Wednesday. The total value of vehicles shipped overseas reached US$3.82 billion in September, up 57.6 percent from a year earlier, according to the [...]

Geopolitical Tensions Can’t Cover Up Brand Quality Reputation of Hyundai and Kia in China

SEOUL, Sept. 29 (Korea Bizwire) – Hyundai and Kia finally have some good news coming from the Chinese market as American market research company J.D. Power listed the South Korean automakers 1st and 2nd respectively in its 2017 China Initial Quality Study. The study, published on September 28, was conducted from last September to May [...]

Hyundai, Kia to Debut New Cars in China to Tackle Sliding Sales

SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s leading automakers Hyundai Motor Co. and Kia Motors Corp. are poised to unveil a series of new cars in China in a bid to help revive slumping sales in the world’s top auto market, sources said Tuesday. Industry leader Hyundai Motor and its smaller affiliate Kia Motors [...]