SEOUL, July 3 (Korea Bizwire) – Hyundai Motor Co. said Monday its sales fell 16 percent last month from a year earlier hit by weakening overseas demand, particularly in the Chinese market. The country’s biggest carmaker by sales sold a total of 376,109 vehicles in June, down from 445,021 units a year earlier, the company [...]
SEOUL, Jun. 15 (Korea Bizwire) — Automakers in South Korea are expected to vie fiercely for a bigger slice of the market for subcompact sport utility vehicles (SUVs) following Hyundai Motor Co.’s entry into the fast-growing segment, analysts said Wednesday. In an extravagant rollout in Seoul, South Korea’s leading automaker Hyundai unveiled its first subcompact [...]
SEOUL, June 7 (Korea Bizwire) – South Korea’s top carmaker Hyundai Motor Co. said Wednesday it will work with Chinese technology giant Baidu, Inc. to develop a navigation system for its vehicles that will be sold in the world’s biggest auto market. Hyundai and Baidu will jointly develop “Baidu MapAuto” and a voice recognition system [...]
SEOUL, May 31 (Korea Bizwire) – French carmaker Renault S.A. is considering launching the Zoe electric vehicle (EV) in South Korea in 2019 on improving charging infrastructure and government subsidies, the company’s chief executive said Wednesday. “We are considering introducing the next-generation Zoe electric car in the South Korean market in 2019, but we need [...]
SEOUL, May 30 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it will unveil its brand new subcompact sport utility vehicle (SUV) locally on June 13 as it released a teaser image highlighting the car’s low silhouette and wide stance. South Korea’s largest carmaker by sales is set to make its foray into North American [...]
SEOUL, May 15 (Korea Bizwire) – Kia Motors Corp., South Korea’s second largest carmaker by sales, on Monday launched the country’s first plug-in hybrid sport utility vehicle model. The Niro plug-in hybrid can travel up to 840 kilometers — 40 kilometers on a single charge and 800 km on a combined gasoline-battery drive. The 1.6-liter [...]
SEOUL, April 13 (Korea Bizwire) – Hyundai Motor Co., South Korea’s dominant carmaker, has unveiled a concept SUV under its Genesis luxury brand at the New York Auto Show. The GV80 fuel-cell concept SUV is the first SUV model revealed by Hyundai Motor, on Wednesday, under the independent Genesis brand. The Genesis lineup is currently [...]
SEOUL, Apr. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle (SUV) models, data showed Sunday. The South Korean automobile companies sold a combined 4,358 hybrid vehicles in [...]
SEOUL, Feb. 15 (Korea Bizwire) – Ssangyong Motor Co., a local unit of Indian carmaker Mahindra & Mahindra Ltd., said Wednesday that it swung to the black last year, posting a net profit for the first time in nine years. Net profit came to 58.1 billion won (US$50.9 million) in 2016, compared with a net [...]
SEOUL, Feb. 15 (Korea Bizwire) – The first batch of 120 Kenbo 600s, a Chinese sport utility vehicle (SUV), sold out in South Korea, about one month after the vehicle debuted here, the Chinese car’s local importer said Wednesday. China-Korea Motor Co., the local importer and distributor of the Chinese vehicle, unveiled the Kenbo 600 [...]