Author: Yonhap Online News

(3rd LD) Hyundai mulls whether to produce small pickup truck in U.S.

(ATTN: MINOR edits in lead, para 6) By Choi Kyong-ae SEOUL, March 26 (Yonhap) — Hyundai Motor Co. is mulling whether to produce a small pickup truck in the United States to avoid high tariffs and meet growing local demand, the company said Monday, while stressing that no concrete decision has been made on the… Continue reading (3rd LD) Hyundai mulls whether to produce small pickup truck in U.S.

(LEAD) Kia aims to sell 26,000 K9 sedans annually

(ATTN: CHANGES headline and lead; CHANGES photo; ADDS more details) SEOUL, March 20 (Yonhap) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, aims to sell more than 26,000 units of its all-new K9 flagship sedan in global markets this year, the company said Tuesday. Kia said it started receiving preorders for the premium… Continue reading (LEAD) Kia aims to sell 26,000 K9 sedans annually

Hyundai asks for union’s cooperation in cutting worker benefits

SEOUL, March 9 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, recently asked for the cooperation of its union to accept a cut in benefits as part of a broader move to ride out the unfriendly business environment, the company said Friday. In a letter sent to the union last Friday, the… Continue reading Hyundai asks for union’s cooperation in cutting worker benefits

Hyundai unveils Kona Electric SUV in Europe

SEOUL, Feb. 28 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, has unveiled the Kona Electric in Europe ahead of the Geneva Motor Show next month, the company said Wednesday. The all-electric crossover comes with a pair of powertrain options, one with a 64 kWh lithium-ion polymer battery pack with a range… Continue reading Hyundai unveils Kona Electric SUV in Europe

Kakao Mobility to buy carpool startup Luxi for 25.2 bln won

SEOUL, Feb. 14 (Yonhap) — Kakao Mobility, a South Korean firm that provides cab-hailing and driver-for-hire services, said Wednesday that it will take over local carpool startup Luxi for 25.2 billion won (US$23.3 million) to meet growing demand for transportation service. Kakao Mobility said in a regulatory filing that it will buy a 100 percent… Continue reading Kakao Mobility to buy carpool startup Luxi for 25.2 bln won

(LEAD) Kia unveils new compact SUV in India

(ATTN: ADDS details throughout) NEW DELHI, Feb. 7 (Yonhap) — Kia Motors Corp., South Korea’s second-largest automaker by sales, rolled out a new compact SUV concept in India on Wednesday, heralding its full-fledged foray into the local market. The compact SP SUV concept was showcased at the 14th Auto Expo 2018, India’s largest motor show… Continue reading (LEAD) Kia unveils new compact SUV in India