SEOUL, Mar. 7 (Korea Bizwire) — Hyundai Motor Co., BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia Corp. and Stellantis Korea, are voluntarily recalling a total of 69,044 units of 43 different models, the Ministry of Land, Infrastructure [...]
SEOUL, Mar. 6 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, said Wednesday they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition held in Seoul. The annual trade show, now in its seventh year, is hosted by the Ministry of Environment to [...]
SEOUL, Feb. 26 (Korea Bizwire) – In an era where technological advancements are rapidly reshaping industries, companies are intensifying their efforts to secure top talent, particularly in artificial intelligence and other cutting-edge fields. The recruitment of experienced professionals has become more dynamic, with firms expanding their hiring scope and, in some cases, forgoing traditional recruitment cycles [...]
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Group’s output at its car manufacturing plants in India has reached a record 1.08 million units last year, surpassing the 1 million unit milestone for the second year in a row, industry data showed Thursday. According to data from the Korea Automobile Manufacturers Association, Hyundai produced 765,000 [...]
SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, have picked up nine awards at prestigious annual design awards in the United States for their innovative design competitiveness, the companies said Wednesday. Hyundai snagged six top awards at the 2023 Good Design Awards in the transportation category from [...]
SEOUL, Jan. 16 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, plans to launch a sales subsidiary in Thailand but has decided to scrap a plan to establish an assembly plant in the country, according to company officials and sources Tuesday. Kia, part of Hyundai Motor Group, plans to officially launch the Thai subsidiary, [...]
SEOUL, Jan. 12 (Korea Bizwire) — Accumulative sales of eco-friendly vehicles produced by Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are expected to exceed 1 million units in the first quarter, according to the companies Friday. Accumulative sales of eco-friendly units of Hyundai and Kia combined had amounted to 946,962 units as [...]
SEOUL, Dec. 6 (Korea Bizwire) – The prevailing trend in the automotive market is currently centered around the craze for plug-in hybrid electric vehicles (PHEV), marking a notable shift in consumer preferences. Despite the somewhat sluggish sales of fully electric vehicles, hybrids, previously considered a passing fad, are experiencing a resurgence. This revival is evident in [...]
SEOUL, Dec. 4 (Korea Bizwire) – Kia’s compact recreational vehicle (RV), the Ray, has achieved a noteworthy milestone by securing its highest annual sales on record this year. As per the November sales report disclosed by Kia on Sunday, the Ray witnessed a surge in sales, with 4,587 units sold in the domestic market last month—an [...]
SEOUL, Nov. 29 (Korea Bizwire) – In a groundbreaking reveal that is expected to herald a complete paradigm shift in vehicle propulsion, Hyundai and Kia have revealed a new drive system that integrates essential vehicle components within the wheel. This innovation liberates the space between the wheels, allowing for the implementation of novel designs or the [...]