Hyundai Motor is considering producing the small sports utility vehicle (SUV) “Venue” in India prior to Korea. The Venue is smaller than the Kona, a subcompact SUV that will be launched this year.It is very unusual to produce a completely new model at an overseas factory, except for strategic models
Hyundai Motor and Kia Motors will invest US$300 million (338.4 billion won) in Ola Cabs, the largest car hailing company in India, the two companies announced on March 19.Hyundai Motor and Kia Motors have inked an agreement on investment and strategic business cooperation with Ola Cabs. Under the ag
The downsizing of Chinese plants by Hyundai Motor Co. and Kia Motors Corp. has a ripple effect on Hyundai Mobis Co.Hyundai Mobis is said to be closing down its Module Plant 1 in Beijing at the time when Hyundai Motor shuts down its Beijing Plant 1, according to automaker and component industry sourc
Hyundai Motor is reportedly considering producing environment-friendly cars at its Czech plant next year. The company has thus far been producing eco-friendly cars in Korea. Kia Motors is also planning to produce a hybrid electric vehicle (HEV) model and a plug-in hybrid electric vehicle (PHEV) mode
The era of operating a car with a smartphone has come. Hyundai Motor and Kia Motors announced on Jan 4 that they have completed the development of a smartphone-based digital key and will sequentially apply it to new cars to be released in the future.The smartphone-based digital key is a state-of-the
Hyundai Motor has begun to work with global companies such as Toyota to develop charging equipment for commercial hydrogen electric vehicles.The company announced on March 4 that it signed a memorandum of understanding (MOU) with five global companies in February to form a global consortium for the
Hyundai Motor has reached a provisional settlement in a class action suit filed by U.S. consumers to get compensation for damage from shattered panoramic sunroofs.These customers filed a class action lawsuit with the Federal District Court in Central California, the United States in December 2015, c
Hyundai Motor is moving to establish a car production plant in Indonesia. The company has recently asked its domestic partner companies if they could join the development of a new car to be launched in Indonesia in 2021.Hyundai Motor is expected to invest about seven trillion rupiah (about US$500 mi
Hyundai Motor will set up hydrogen vehicle charging stations in three places in downtown Seoul, including one at the National Assembly.The station at the National Assembly has a capacity of 250 kg and is capable of charging more than 50 hydrogen vehicles a day. Hyundai Motor Co. is going to complete
Hyundai Motor and Kia Motors have moved their global production bases to emerging economies as sales in such key markets as the United States and China remain sluggish.Hyundai Motor produced a total of 2,829,667 cars last year at its overseas plants in seven countries including India, China, the Uni
Hyundai Motor will accelerate its penetration of the Vietnamese automobile market by establishing a sales joint venture with its local partner.The company announced on Jan. 24 that it signed an MOU on the establishment of a sales joint venture with Vietnam's Thanh Cong Group at its head office i
Hyundai Motor has delivered another earnings shock. The company announced on Jan. 24 that its operating profit reached 501.1 billion won in the fourth quarter of 2018, a drop of 35.4 percent from a year earlier. Yet the company’s sales in the four quarter increased 4.8 percent year on year.Hyundai M
Hyundai Motor has begun to sell cars through internet broadcasting in the United States.Hyundai Motor said on Jan. 20 that its U.S. sales subsidiary Hyudani Motor America (HMA) began selling its products through “Hyundai Showroom Live” on Jan. 15 (local time). This is a program where car experts int
Hyundai Motor and Kia Motors had their presence felt at the 2019 North American International Auto Show by unveiling strategic new models. After the “Genesis G70” and the small SUV “Kona” were selected as the North American Cars of the Year on Jan. 14, the automakers added new SUVs and high-performa
Hyundai Motor announced on Jan. 13 that it would build open innovation centers in Berlin and Beijing this year to complete a global open innovation network.The Korean automobile giant originally planned to launch open innovation centers at five major locations in the world by the end of last year. S
Hyundai Motor announced on Dec. 13 that the Nexo, the hydrogen electric car the company released this year, has been selected as the “Best” vehicle of 2018 in the large off-road category of Euro New Car Assessment Program (NCAP), Europe's safety assessment program for new vehicles.Euro NCAP anno
Hyundai Motor and Kia Motors renewed their sales records for earth-friendly cars this year as sales of electric cars more than doubled.According to the Korean automobile industry on Dec. 9, Hyundai and Kia sold 257,661 green cars in the domestic and overseas markets in the January-November period of
The sports sedan G70 of Hyundai Motor’s Genesis brand has been selected as ‘the 2019 North American Car of the Year' by Motor Trend, the most prestigious car magazine in the U.S. The G70 is the first Korean car to be selected as the car of the year by the magazine, which was launched in 1949. Mo
Hyundai Motor and Kia Motors are expected to record the highest-ever market shares in emerging markets such as Brazil, Russia, India and Mexico this year.According to the automobile industry on Dec. 2, Hyundai and Kia sold 1,101,215 units in the four major emerging markets of Brazil, Russia, India a
Hyundai Motor unveiled the Palisade, a new large flagship sports utility vehicle (SUV), for the first time at the 2018 L.A. Auto Show at the Los Angeles Convention Center on Nov. 28 (local time).Participants at the motor show became very excited with the unexpected screening of the BTS, a global hon