SEOUL, June 5 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Monday it has hired a former BMW exterior designer in the latest move to strengthen its design capabilities. John Buckingham began serving as head of Kia Next Design Exterior Group on June 1 after spending 18 years as exterior designer [...]
SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 21 percent in May from a year earlier on strong demand for their sport utility vehicles. Last month, Hyundai and Kia sold 141,498 vehicles in the world’s most important automobile market, [...]
SEOUL, May 31 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it will suspend the operation of one of its eight domestic plants during the second half of this year in preparation for electric vehicle (EV) production. Kia, a smaller affiliate of Hyundai Motor Co., will begin the construction Thursday to change [...]
SEOUL, May 30 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for 16 percent of Kia’s sales target of 578,000 vehicles in Europe this year, the [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they have agreed to a US$200 million settlement in a class-action lawsuit filed by U.S. consumers over a series of car thefts of their vehicles. The consumer settlement covers U.S. owners of about 9 million Hyundai [...]
SEOUL, May 16 (Korea Bizwire) — Kia Corp. will build a new electric vehicle (EV) plant in northern Mexico, a Mexican governor said Tuesday. “More good news! Nuevo Leon consolidates as the ELECTROMOBILITY HUB: KIA once again bets on Nuevo Leon with an investment to expand its plant and produce two KIA car models,” Samuel [...]
SEOUL, May 5 (Korea Bizwire) — Hyundai Motor Group on Thursday unveiled the software-defined vehicle (SDV) technology featured in Kia Corp.’s all-electric EV9 flagship SUV. The automotive group posted a new YouTube video which showed that the EV9′s over-the-air (OTA) software update system will now cover not only core parts of the vehicle but also [...]
SEOUL, April 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday its first-quarter net profit more than doubled from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March jumped to 2.119 trillion won (US$1.58 billion) from 1.032 trillion won [...]
SEOUL, April 18 (Korea Bizwire) — The South Korean government announced on Tuesday that it will engage in discussions with its American counterparts to ensure that Korean companies can benefit from the Inflation Reduction Act (IRA) policy in the future. This comes in response to Hyundai and Kia’s exclusion from the list of electric vehicles [...]
SEOUL, April 18 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Tuesday they aim to revive lackluster sales in China by launching new models in the world’s biggest automobile market this year. The two South Korean carmakers still suffer weak sales in China due to the lingering impact of a [...]