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 [...]
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 [...]