LISTEN TO ARTICLE SHARE THIS ARTICLE Hyundai Motor Co. will invest $388 million to expand and upgrade its engine manufacturing operations in Montgomery, Alabama, and create 50 new jobs. The Seoul-based automaker will spend about $40 million to build a new engine head machining facility that will be completed in November and operational by mid-2019,… Continue reading Hyundai Is Spending $388 Million to Expand Alabama Engine Output
Tag: Hyundai
Hendy Group acquires used car outlet in Portsmouth
Hendy Group is set to expand its used vehicle business with the acquisition of the Unbeatablecar Portsmouth outlet for an undisclosed sum. Hendy already operates Ford, Honda, Kia and commercial vehicle businesses in the city. The new site will be rebranded and open for business as Hendy Car and Van Store on 1 July. The site… Continue reading Hendy Group acquires used car outlet in Portsmouth
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
The well-funded startups driven to own the autonomous vehicle stack
At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels and pedals to control an automobile. Of course, the full realization of the “auto” part of the word — in the form of fully autonomous… Continue reading The well-funded startups driven to own the autonomous vehicle stack
S.Korea stocks, won shrug off cancellation of Trump-Kim summit
* KOSPI weakens marginally, won reverses earlier losses * N.Korea-exposed shares fall, some heavyweights rise * Investors hopeful of an eventual summit – analyst (Updates with closing figures) SEOUL, May 25 (Reuters) – South Korean shares ended slightly lower and the won pared earlier losses to end higher on Friday, reacting calmly to President Donald… Continue reading S.Korea stocks, won shrug off cancellation of Trump-Kim summit
US launches auto import probe, China says will defend interests
WASHINGTON (Reuters) – The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts… Continue reading US launches auto import probe, China says will defend interests
Hyundai partners with Xevo for developing in-car payment
In the present world, a person can find and pay for things with their smartphone, smartwatch or computer. With this in mind, Hyundai is building a technology that will allow customers to search and pay for coffee, gas and parking using their car’s infotainment screen. In the future, Hyundai will connect cars with other brands using… Continue reading Hyundai partners with Xevo for developing in-car payment
Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Thursday said it plans to set up a facility to mass manufacture hydrogen fuel cell stacks, a key component of fuel cell vehicles, as it seeks to ramp up production of hydrogen-powered cars and expand their usage as a zero-emission alternative to gasoline vehicles. Employees of Toyota… Continue reading Toyota to ramp up hydrogen fuel cell vehicle sales around 2020
Kuwait Petroleum plans $2.6 bln loan for LNG terminal -sources
DUBAI, May 23 (Reuters) – A Kuwait Petroleum Corporation-owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a liquefied natural gas import terminal, banking sources said. Kuwait Integrated Petroleum Industries Company (KIPIC) will use the money raised to develop the terminal at Kuwait’s Al Zour complex, which… Continue reading Kuwait Petroleum plans $2.6 bln loan for LNG terminal -sources
WiBLE will replace its Kia Niro fleet with 100% electric vehicles in two years
Posted 05/23/2018 11: 39: 01CET MADRID, May 23 (EUROPA PRESS) – WiBLE, the car sharing service of Kia and Repsol that will operate in Madrid from June for 0.24 euros per minute, will replace its fleet of 500 Kia Niro with 100% electric vehicles in two years. The CEO of WiBLE, Javier Martínez Ríos, assured… Continue reading WiBLE will replace its Kia Niro fleet with 100% electric vehicles in two years