SEOUL, March 25 (Yonhap) — GM Korea Co. and its labor union said Wednesday that they have reached a provisional agreement on their long-drawn wage talks. The understanding on wages and collective bargaining for the 2019 calendar year, comes after nine months of negotiations, with unionists giving up their demands for an increase in basic… Continue reading GM Korea, union reach provisional agreement on wage talks
Author: Yonhap Online News
Kia to suspend U.S. plant until mid-April amid virus fears
By Choi Kyong-ae SEOUL, March 25 (Yonhap) — Kia Motors Corp., South Korea’s second-biggest automaker, said Wednesday it will suspend its U.S. plant until mid-April to prevent the spread of the coronavirus outbreak. Kia already halted its factory in Georgia once from March 19-20 (local time) due to a lack of engines assembled and delivered… Continue reading Kia to suspend U.S. plant until mid-April amid virus fears
(LEAD) Hyundai heir apparent buys Hyundai Motor, Mobis stocks to boost prices
(ATTN: UPDATES with more details from para 2) SEOUL, March 23 (Yonhap) — Hyundai Motor Group’s heir apparent Chung Euisun on Monday bought 19 billion won (US$15 million) worth of stocks in two key affiliates to prop up their declining prices. Hyundai Motor Executive Vice Chairman Chung Euisun purchased 139,000 shares of Hyundai Motor Co.,… Continue reading (LEAD) Hyundai heir apparent buys Hyundai Motor, Mobis stocks to boost prices
(2nd LD) Hyundai suspends India plant amid virus fear
(ATTN: UPDATES stock prices) SEOUL, March 23 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it has suspended its plant in India due to the spreading coronavirus outbreak. The Chennai plant’s suspension comes as the Indian government ordered most manufacturing facilities in 75 regions affected by the COVID-19 outbreak to… Continue reading (2nd LD) Hyundai suspends India plant amid virus fear
(LEAD) Hyundai suspends India plant amid virus fear
(ATTN: ADDS background and stock prices in paras 6-13) SEOUL, March 23 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it has suspended its plant in India due to the spreading coronavirus outbreak. The Chennai plant’s suspension comes as the Indian government ordered most manufacturing facilities in 75 regions affected… Continue reading (LEAD) Hyundai suspends India plant amid virus fear
Kia launches upgraded Soul boxcar in S. Korea
SEOUL, March 23 (Yonhap) — Kia Motors Corp., South Korea’s second-biggest carmaker, on Monday launched the upgraded Soul boxcar and its electrified version in the domestic market. The 1.6-liter gasoline-powered Soul boxcar comes with strengthened safety features that include lane keeping assist, forward-collision-avoidance assist and driver attention warning systems, the company said in a statement.… Continue reading Kia launches upgraded Soul boxcar in S. Korea
(LEAD) Hyundai Mobis shareholders OK heir apparent as executive director
(ATTN: CHANGES photo; ADDS details and background throughout) SEOUL, March 18 (Yonhap) — Shareholders of Hyundai Mobis Co., South Korea’s biggest auto parts maker and a key affiliate of Hyundai Motor Group, on Wednesday approved the reappoinment of the group’s heir apparent to the company’s board to push forward his future mobility initiative. In a… Continue reading (LEAD) Hyundai Mobis shareholders OK heir apparent as executive director
Hyundai Mobis shareholders OK heir apparent as executive director
SEOUL, March 18 (Yonhap) — Shareholders of Hyundai Mobis Co., South Korea’s biggest auto parts maker and a key affiliate of Hyundai Motor Group, on Wednesday approved the reappoinment of the group’s heir apparent to the company’s board to push forward his future mobility initiative. In a general meeting, Hyundai Mobis shareholders voted to accept… Continue reading Hyundai Mobis shareholders OK heir apparent as executive director
Hyundai teases all-new Avante ahead of April launch
SEOUL, March 11 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, on Wednesday released a teaser for the all-new Avante compact ahead of its domestic launch next month. The seventh-generation Avante adopts what Hyundai calls Sensuous Sportiness, which is defined by harmony among four fundamental elements in vehicle design — proportion, architecture,… Continue reading Hyundai teases all-new Avante ahead of April launch
(LEAD) Renault Samsung to launch XM3 SUV next week
(ATTN: UPDATES with details in paras 5-7) SEOUL, March 3 (Yonhap) — Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Tuesday it will launch its all-new XM3 sport utility vehicle next week to revive lackluster sales. The XM3 SUV, which hits the domestic market on Monday, comes in two versions, one… Continue reading (LEAD) Renault Samsung to launch XM3 SUV next week