SEOUL, June 14 (Yonhap) — Sales of imported commercial vehicles jumped 9.8 percent last month from a year earlier as such vehicles gained a bigger market share in South Korea, a local automobile association said Thursday. The number of newly registered imported commercial vehicles jumped to 358 units in May from 326 on growing demand… Continue reading Imported commercial car sales jump 9.8 pct in May
Author: Yonhap Online News
Four carmakers to recall over 210,000 vehicles: ministry
SEOUL, June 14 (Yonhap) — Four carmakers will voluntarily recall more than 210,000 vehicles to fix faulty parts, the transport ministry here said Thursday. It is the latest in a series of recalls by carmakers and importers to ensure vehicles meet safety rules. The four carmakers — Kia Motors Corp., GM Korea Co. and Mercedes-Benz… Continue reading Four carmakers to recall over 210,000 vehicles: ministry
Hyundai Indian output exceeds 8 mln units in 19 years
SEOUL, June 12 (Yonhap) — Hyundai Motor Co. said Tuesday the number of vehicles produced at its plant in India exceeded 8 million units in total. Hyundai’s plant in Chennai began operation in September 1998. The production line has become the carmaker’s second overseas operation to have churned out more than 8 million vehicles after… Continue reading Hyundai Indian output exceeds 8 mln units in 19 years
Hyundai Mobis to strengthen autonomous driving tech capabilities
SEOUL, June 10 (Yonhap) — South Korea’s top auto parts manufacturer Hyundai Mobis said Sunday that it will enhance its capabilities in autonomous driving capability by hiring more researchers and bolstering its research and development prowess. The company, one of the flagships of Hyundai Motor Group, said it plans to have some 4,000 researchers on… Continue reading Hyundai Mobis to strengthen autonomous driving tech capabilities
(2nd LD) Hyundai mulls investing in local car-manufacturing JV
(ATTN: ADDS Gwangju City’s comment in last 2 paras) By Choi Kyong-ae SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Friday it is considering investing in a local car-manufacturing joint venture (JV) proposed by a municipal government. The Gwangju city government seeks to establish a vehicle production JV… Continue reading (2nd LD) Hyundai mulls investing in local car-manufacturing JV
Kia’s May sales rise 9 pct as demand recovers
SEOUL, June 1 (Yonhap) — Kia Motors Corp. said Friday its car sales rose 9 percent in May from a year earlier on recovering demand for its vehicles. Kia Motors sold 247,176 vehicles last month, up from 226,826 units a year earlier, the company said in a statement. The monthly sales were buoyed by increased… Continue reading Kia’s May sales rise 9 pct as demand recovers
Hyundai Motor’s May sales rise 5.7 pct on recovering demand
SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s top automaker, said Friday its May sales rose 5.7 percent from a year earlier on recovering demand for its vehicles. Hyundai Motor sold 387,017 vehicles in May, up from 366,256 units a year earlier, helped by increased overseas sales, the company said in a statement.… Continue reading Hyundai Motor’s May sales rise 5.7 pct on recovering demand
Hyundai mulls investing in local car-manufacturing JV
SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Friday it is considering investing in a local car-manufacturing joint venture (JV) proposed by a municipal government. The Gwangju city government seeks to establish a vehicle production JV to generate jobs and help support the local economy. The city proposed… Continue reading Hyundai mulls investing in local car-manufacturing JV
Hyundai Mobis emerges as key GM supplier with $1.1 bln deal
SEOUL, May 29 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, has emerged as a key supplier of General Motors Co. after it secured a US$1.1 billion deal to provide auto parts for eight years, the company announced Tuesday. The Detroit-based carmaker recently picked Hyundai Mobis as one of its… Continue reading Hyundai Mobis emerges as key GM supplier with $1.1 bln deal
(2nd LD) Hyundai withdraws overhaul plan on opposition
(ATTN: CHANGES headline and lead; ADDS details throughout) SEOUL, May 21 (Yonhap) — Hyundai Motor Group on Monday withdrew a key spinoff merger plan in a setback to its corporate restructuring amid stepped-up opposition campaigns by some investors. The decision comes as global hedge fund Elliott and proxy advisers such as Institutional Shareholder Services (ISS)… Continue reading (2nd LD) Hyundai withdraws overhaul plan on opposition