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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]