The ratio of labor costs to revenue at Hyundai Motor Co. exceeded 15 percent for the first time in history. This is because its sales are on the decrease while its labor costs are on the increase by labor strikes every year. The polarization of labor costs between Hyundai Motor and its smaller affil
Hyundai Motor management visited Kamaz, a Russian automobile company and discussed a possibility of establishing a joint venture (JV) for parts production with the Russian automaker, according to the automobile industry on December 26. It is said that the two companies arrived at a positive conclusi
It has been found that the Hyundai-Kia Automotive Group lowered its sales target of next year by 500,000 units compared to this year. This was the first time that the group slashed its by judging that it is difficult to recover from sluggish sales in major markets such as China and the United States
Hyundai Motor and its smaller affiliate Kia Motors will regain the leadership in the fuel cell electric vehicle (FCEV) market from Toyota. Hyundai Motor is planning to mass produce hydrogen powered cars in the first half of next year, while Kia Motors also has a plan to mass produce FECVs based on t
Hyundai and Kia continued enjoying strong sales in Europe in October.Hyundai and Kia sold a total of 81,799 units in the European market in October, according to the Hyundai Automotive Group on November 16. The figure is an 8.7-percent increase from the same period of last year. Hyundai sold 42,821
Hyundai Motor and its smaller affiliate Kia Motors have decided to increase production of its Kona and Niro electric vehicles (EVs) to be released next year by 20,000 units each, compared to the initial plans.Including the Ioniq EV and the Soul EV as well as the Sonata and the K5 plug-in hybrid elec
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. outpaced Ford Motor Co. to become the No. 2 hybrid automobile sellers in the United States in July for the first time in two years, following Toyota.According to U.S. market tracker HybridCars.com on August 6, the two South Korean automake
Hyundai Motor and Kia Motors are suffering from sluggish sales even in the US market. Sales of both companies fell 18% year on year last month. This is because fleet sales (sales to corporate customers such as rent-a-car and taxi companies) were sluggish, and due to lack of sports utility vehicle (S
Hyundai Motor Co. and its sister company Kia Motors Corp. recorded its highest sales figures ever in Mexico in the first half of this year, boosted by continuous sales growth of Hyundai Motor and high sales of Kia Motors’ K3, Rio and Soul as well as positive effects of its plant in Mexico. The Mexic
The Hyundai-Kia Automotive Group which aims to be the second-largest eco-friendly car in the world by 2020 will expand its line-up of pure electric cars next year and more than double production compared to this year.According to the industry on July 18, Hyundai and Kia will release electric vehicle
The Hyundai and Kia Automotive Group ranked third in sales of electric cars among major automakers last year.According to market researcher IHS and the automobile industry on July 6, Hyundai and Kia sold a total of 12,992 electric vehicles including Soul EV and Ioniq Electric cars in the global mark
Imported car and domestic car brands accomplished conflicting results in the domestic car market.According to the Korea Automobile Importers & Distributors Association (KAIDA) on July 6, the number of newly registered foreign vehicles rose to 118,152 in the first half of this year, up 1.2 percent fr
The Hyundai Avante and Ioniq compacts and the Kia Niro crossover have been recently ordered to recall from the Korean government due to defects of electric power steering motor connector manufactured and supplied by LG Innotek, a components subsidiary of LG Group.The problem is Chinese industrial tr
Hyundai Steel, which entered the business of specialty steel for automobiles to supply specialty steel to Hyundai Motor and Kia Motors in 2015, will enter full-scale commercial production of some types of steel. As mass-production of special steel is delayed, the market is becoming more skeptical ab
It has been found that Kia Motors was sued by the parents of twin brothers who died on December 31, 2015 from a collision occurring in Tennessee, USA, claiming for damages amounting to US$95 million.According to Winchester-based news outlet Herald Chronicle, Aaron Hill and his wife, who reside in Co
Hyundai Motor and its smaller affiliate Kia Motors are struggling in the U.S. market. Their combined sales in the U.S. market fell 1.9 percent in April and 11.5 percent in May, continuing on the downward spiral.According to the data compiled by Hyundai Motor America and Kia Motors America on June 2,
Hyundai Motor is expected to hire more subcontracted workers as regular employees. The company is planning to complete a special agreement to turn 6,000 irregular workers into regular ones, which was signed with the labor union and subcontractor union in 2014, by the end of this year and select more
Hyundai Mobis Co. said on April 19 that it has entered mass production of head and rear lamps for cars at its plant in Czech Republic.The Korea’s largest auto parts producer aims at catching two birds with one stone; the acceleration of inroads into set-car makers in Europe and the assistance in the
Industry experts said that Hyundai Motor and its affiliate Kia Motors recently saw their sales decrease in China due to the fact that they failed to respond to the rapidly changing Chinese market more quickly and had a low price competitiveness, rather than the Chinese government's economic retaliat
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of the Niro sports utility vehicle (SUV) hybrid.According to U.S. online market tracker HybridCars.com, the South Korean automobile compa