SEOUL (Reuters) – When workers at South Korea’s Hyundai Motor (005380.KS) went on strike last year, the stoppage lasted 24 days, triggered months of negotiations and netted them their smallest raise in nearly a decade. FILE PHOTO: A worker works at an assembly line before unionised workers attend a strike at a main factory of… Continue reading As Hyundai struggles, its labor union shows signs of softening
Tag: Hyundai
BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
LiDAR Startup SOS LAB Receives Gold Prize at the Silicon Valley International Invention Festival
GWANGJU, South Korea–(BUSINESS WIRE)–SOS LAB, the LiDAR technology startup in South Korea, received the Gold Prize for ‘excellence and creative efforts to invent’ for their patented hybrid scanning LiDAR design at the inaugural Silicon Valley International Invention Festival (SVIIF 2018). The festival was held in San Jose, CA from July 2 to 4, and attracted… Continue reading LiDAR Startup SOS LAB Receives Gold Prize at the Silicon Valley International Invention Festival
Graveyard shift: Manual transmissions on the way out
Robert Duffer, Chicago Tribune Published 12:00 a.m. ET July 19, 2018 Manual transmissions account for just 2 percent of all vehicles sold in the United States in 2018, according to data from Edmunds.com. (Photo: Robert Duffer / TNS) The tween riding in the back seat finally asked, “What is that thing you keep moving up… Continue reading Graveyard shift: Manual transmissions on the way out
Honda Civic Type R to be refreshed next year in hot hatch title defence
Honda will respond to increasingly tough competition against the Civic Type R by refreshing the 316bhp model for 2019. Seen here testing in Germany, the British-built Japanese hot hatch is due to receive minor design changes including tweaked bumpers and new headlights, as shown by the placement of camouflage on the development car. Honda is also… Continue reading Honda Civic Type R to be refreshed next year in hot hatch title defence
Hyundai invests in Autotalks to boost autonomous car technology
South Korea: Hyundai Motor announced its strategic partnership with Autotalks, a leading technology company specialized in the manufacturing of Vehicle to Everything (V2X) communication chipsets. Hyundai Motor forms a strategic partnership with Autotalks through a direct investment to accelerate the development and deployment of the next generation chipset for connected cars. V2X technology allows vehicles… Continue reading Hyundai invests in Autotalks to boost autonomous car technology
Hyundai Eyes Contract Manufacturing to Cut Costs
Hyundai Motor Group is taking a cautious approach to launching a Korean vehicle on a contract-manufacturing basis in a plant not owned by the automaker. Hyundai announced June 1 it was studying buying into a proposed plant to be built in the city of Gwangju’s Bitgreen National Industrial Complex. The plant would be operated by… Continue reading Hyundai Eyes Contract Manufacturing to Cut Costs
Carmakers’ June sales rise 9.9 pct as demand recovers
SEOUL, July 2 (Yonhap) — The combined sales of South Korea’s five carmakers rose 9.9 percent last month from a year earlier due to increased demand from major markets, corporate data showed Monday. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. —… Continue reading Carmakers’ June sales rise 9.9 pct as demand recovers
Kia’s June sales rise 5.9 pct as demand recovers
SEOUL, July 2 (Yonhap) — Kia Motors Corp. said Monday its car sales rose 5.9 percent last month from a year earlier on recovering demand for its vehicles. Kia Motors sold 251,216 vehicles in June, up from 237,318 units a year earlier, the company said in a statement. The monthly sales were helped by recovering… Continue reading Kia’s June sales rise 5.9 pct as demand recovers
Hyundai’s June sales jump 15.4 pct on overseas demand
SEOUL, July 2 (Yonhap) — Hyundai Motor Co., South Korea’s top automaker, said Monday its June sales jumped 15.4 percent from a year earlier on recovering overseas demand for its vehicles. Hyundai Motor sold 414,222 vehicles in June, up from 359,022 units a year earlier, the company said in a statement. “The monthly results were… Continue reading Hyundai’s June sales jump 15.4 pct on overseas demand