Tag: Hyundai

Kia delivers in May 247,176 vehicles worldwide, 9% more

Posted 06/01/2018 11: 46: 56CET SEOUL, June 1 (EUROPE PRESS) – The car company Kia delivered in May 247,176 vehicles worldwide, which was 9% more compared to the 226,826 units sold in the same month of 2017, the company said in a statement. The company’s registrations in South Korea increased 8.1% last month to 47,046… Continue reading Kia delivers in May 247,176 vehicles worldwide, 9% more

(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

Waymo’s Uber-rivalling ride-hailing app to enter service in 2018

Google parent company Alphabet and Fiat Chrysler Automobiles have announced that the Uber-rivalling ride-hailing service Waymo will commence public service later this year.  It’ll be the first ride-hailing service offered to the public to use driverless vehicles on public roads upon launch, using a fleet of over 62,000 Chrysler Pacifica MPVs across the Waymo service.… Continue reading Waymo’s Uber-rivalling ride-hailing app to enter service in 2018

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

Trump Tariff Blow Would Go Beyond Sending BMW Sedans to $60000

LISTEN TO ARTICLE SHARE THIS ARTICLE Frank Ursomarso thinks the Trump administration is merely jawboning by floating potential tariffs of as much as 25 percent on imported autos. If the longtime dealer is wrong, he expects to be selling fewer cars. Take some of the cheaper sedans Ursomarso sells at Union Park BMW in Wilmington,… Continue reading Trump Tariff Blow Would Go Beyond Sending BMW Sedans to $60000

Hyundai investing $388 mn to update Alabama plant, build other

Gov. Kay Ivey says the investment will create 50 jobs in the area with an average annual salary of $52,000. MONTGOMERY, Ala.: Officials say Hyundai is planning to invest more than $350 million to build a plant in Alabama and also update an existing one there. News outlets report the automotive manufacturer with headquarters in… Continue reading Hyundai investing $388 mn to update Alabama plant, build other

Hyundai to use $388 million to expand Alabama plant

SEOUL, May 30 (Yonhap) — Hyundai Motor Co. said Wednesday it will invest 419 billion won ($388 million) to construct an engine head production facility at its existing Alabama plant. Engine heads to be produced at the Alabama plant will be used in new models of the Sonata and Elantra sedans. The head machining plant… Continue reading Hyundai to use $388 million to expand Alabama plant