Tag: Hyundai

Four carmakers to recall over 230,000 vehicles: ministry

SEOUL, April 26 (Yonhap) — Four carmakers will voluntarily recall more than 230,000 vehicles to fix faulty parts, the transport ministry said Thursday. It is the latest in a series of recalls by carmakers and importers to ensure their vehicles meet current safety rules. The four automakers — Hyundai Motor Co., Kia Motors Corp., Jaguar… Continue reading Four carmakers to recall over 230,000 vehicles: ministry

Activist Elliott demands Hyundai Motor encourage cumulative voting

SEOUL, April 25 (Yonhap) — U.S. activist fund Elliott Management has demanded Hyundai Motor Co. and its two affiliates remove a clause that makes it possible for the three firms to avoid a cumulative voting system to pick board members, an industry source said Wednesday. Elliott Management, which revealed earlier this month that it holds… Continue reading Activist Elliott demands Hyundai Motor encourage cumulative voting

Press Releases – Urban vehicle access regulations require EU stakeholder dialogue

Brussels, 25 April 2018 – Representatives of European cities and automobile manufacturers call on the European Commission to continue to support the ongoing dialogue between all players involved in urban vehicle access regulations (UVARs). Dialogue is necessary to assess the impact of UVARs on mobility, and to achieve a more coordinated approach across the EU.… Continue reading Press Releases – Urban vehicle access regulations require EU stakeholder dialogue

(LEAD) Hyundai Motor Group unveils two new models in Beijing

(ATTN: CHANGES headline and lead; ADDS photos and details) SEOUL, April 25 (Yonhap) — Hyundai Motor Group, South Korea’s biggest carmaker by sales, has unveiled two new vehicles at this year’s Beijing Motor Show to prop up its lackluster sales in the world’s biggest automobile market, the company said Wednesday. Hyundai Motor Co. has introduced… Continue reading (LEAD) Hyundai Motor Group unveils two new models in Beijing

BorgWarner’s VCT Technology with Mid-position Lock Helps Improve Fuel Economy for Hyundai’s Gamma II Engine

Combined technologies enable late intake valve closing strategies to improve fuel economy Robust mid-position lock technology provides extended range of authority and passive control Integrated hydraulic center bolt valve simplifies engine production Auburn Hills, Michigan, April 23, 2018 – BorgWarner’s latest variable cam timing (VCT) system delivers improved engine efficiency and fuel economy for the… Continue reading BorgWarner’s VCT Technology with Mid-position Lock Helps Improve Fuel Economy for Hyundai’s Gamma II Engine

Hyundai Mobis develops stabilization technology

SEOUL, April 24 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Tuesday it has developed an advanced suspension system that helps reduce the body lean of cars during cornering. The company said five years of work went into its electrical Active Roll Stabilization (eARS), which not only improves handling on turns… Continue reading Hyundai Mobis develops stabilization technology

Antitrust chief calls Hyundai Motor’s governance restructuring ‘right direction’

SEOUL, April 20 (Yonhap) — The head of South Korea’s antitrust regulator said Friday that Hyundai Motor Group has taken a step in the right direction, citing its latest plan to streamline its complicated governance structure through business spinoffs and mergers. In a meeting with foreign correspondents in Seoul, Korea Fair Trade Commission Chairman Kim… Continue reading Antitrust chief calls Hyundai Motor’s governance restructuring ‘right direction’

Hyundai Mobis Demonstrates Its Self-Driving Car ‘M.BILLY’

Hyundai Mobis has started testing its self-driving car called M.BILLY, which was developed through its own technologies, on full-scale. It is going to increase number of M.BILLY from 3 to 10 by end of this year and it is planning to focus its research capabilities into development of self-driving technologies based on safety by increasing… Continue reading Hyundai Mobis Demonstrates Its Self-Driving Car ‘M.BILLY’

Hyundai Motor to create 3,000 jobs in line with gov’t policy

SEOUL, April 19 (Yonhap) — Hyundai Motor Group said Thursday it will help create some 3,000 jobs for young graduates and underprivileged people through 2022. The conglomerate will invest 34 billion won (US$32 million) in the five year period to financially support companies in the hiring of 1,600 young graduates in their 20s and 30s,… Continue reading Hyundai Motor to create 3,000 jobs in line with gov’t policy