SEOUL, Jan. 6 (Korea Bizwire) — Hyundai Motor Co. said Monday that it sold over 50,000 Palisade sport utility vehicle models in the domestic market last year, helping buoy the carmaker’s annual sales. For the whole of 2019, 52,299 Palisades were sold here following its launch in January, Hyundai sales data showed. Some potential SUV [...]
SEOUL, Jan. 1 (Korea Bizwire) — Hyundai Motor Group, South Korea’s biggest carmaker by sales, said Wednesday it will launch the Genesis GV80 SUV in the domestic market this month to strengthen its SUV lineup. Hyundai has released the first images of the GV80, the first SUV model to be sold under Hyundai’s independent Genesis [...]
SEOUL, Dec. 29 (Korea Bizwire) — The sales of SUVs in Europe by South Korea’s top two carmakers — Hyundai Motor Co. and Kia Motors Corp. — may hit a record high, probably surpassing the 500,000-unit mark, aided by its diversified portfolio and strong demand, industry sources said Sunday. According to the sources, the two [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are set to fare well on competitive sport utility vehicles and extended presence in the U.S. market next year following an above-average performance this year amid a slowing economy, analysts say. Three others — GM Korea Co., Renault Samsung Motors [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Thursday it has unveiled its Vision T SUV concept at the Los Angeles Auto Show. The unveiling of the SUV concept is in line with Hyundai Motor’s stepped-up efforts to strengthen its SUV lineup amid rising demand for recreational vehicles. Hyundai applied [...]
YONGIN, Jul. 11 (Korea Bizwire) — Hyundai Motor Co. said Thursday it is aiming to sell 8,000 units of its all-new entry-level Venue SUV in South Korea this year. The Venue went on sale in the domestic market on Thursday. Hyundai expects the car to further strengthen the Korean carmaker’s SUV lineup, which is composed [...]
SEOUL, Jun. 18 (Korea Bizwire) — Renault Samsung Motors Corp. on Tuesday began to sell its liquefied petroleum gas-powered QM6 SUV in the domestic market. The QM6 LPe is the first LPG-fueled SUV in the South Korean SUV market. The facelifted QM6, equipped with a 2.0-liter gasoline engine, also went on sale, it said. The [...]
SEOUL, Jun. 17 (Korea Bizwire) — Four out of 10 vehicles sold in South Korea from January to May were sport utility vehicles, reflecting growing demand for recreational vehicles, industry sales data showed Monday. In the first five months, domestic and imported carmakers sold 612,043 vehicles, with SUVs accounting for 42 percent, according to data [...]
SEOUL, Jun. 11 (Korea Bizwire) — Robust sales of new sport-utility vehicle models will buoy stocks of Hyundai Motor Co., analysts said Tuesday, expecting the South Korean carmaker to rack up growth of over 20 percent in its second-quarter operating profit. Shares in Hyundai Motor closed at a 52-week high of 143,500 won (US$121) on [...]
SEOUL, May 30 (Korea Bizwire) — General Motors Co. will produce the all-new Chevrolet Trailblazer sport-utility vehicle in South Korea later this year, the local unit said Thursday. The Trailblazer is the compact SUV mentioned in GM’s restructuring scheme for its South Korean unit. The new model will be produced in GM Korea’s plant for [...]