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
Tag: Hyundai
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
Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’
LISTEN TO ARTICLE SHARE THIS ARTICLE Hyundai Motor Co. joined a chorus of rebuke from global automakers against possible import tariffs by the Trump administration, warning the duties would be “devastating” to the Korean automaker and its U.S. operations. The tariffs “would not only harm Hyundai Motor’s U.S. business operations and the American workers and… Continue reading Hyundai Warns U.S. Auto Tariff Would Be ‘Devastating’
VW distributes the responsibility within the Group new
V olkswagen CEO Herbert Diess will divide responsibility within the Group for the world regions in the future for his brands. In the future, one leading brand will take over group-wide control of a clearly defined world region, said Volkswagen on Friday in Wolfsburg. Decisions could be made more decentralized. “We’re giving the responsibility over… Continue reading VW distributes the responsibility within the Group new
Hyundai Capital America announces simplified, one easy payment lease program, Hyundai PLUS
IRVINE, Calif., June 26, 2018 /PRNewswire/ — Hyundai Motor Finance, a brand of top-10 U.S. captive auto-finance company, Hyundai Capital America (HCA), has announced the launch of its new pilot program, Hyundai PLUS, which offers a subscription payment option that includes a special lease price, auto insurance, and service maintenance on selected vehicles. Hyundai PLUS is available… Continue reading Hyundai Capital America announces simplified, one easy payment lease program, Hyundai PLUS
Top Automotive Industry News for Week of June 18 – June 24, 2018
Here is the most important news associated with the automotive industry identified by the AEA for the week June 18, 2018 – June 24, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Cars.com 2018 American-Made Index: What’s the Most American Car? (Cars.com) Detroit… Continue reading Top Automotive Industry News for Week of June 18 – June 24, 2018
Hyundai Motor Group and Audi Partner in Fuel Cell Technology
SEOUL, South Korea and INGOLSTADT, Germany, June 20, 2018 /PRNewswire/ — Hyundai Motor Group (the Group) and AUDI AG (Audi) announced they have entered into a multi-year patent cross-licensing agreement, covering a broad range of fuel cell electric vehicle (FCEV) components and technologies. Under the new partnership, the world’s fifth-largest auto-making group and the German premium… Continue reading Hyundai Motor Group and Audi Partner in Fuel Cell Technology