Hyundai Motor
- Business
Hyundai Motor joins UAE’s sovereign wealth fund for eco-friendly mobility
Seoul: Hyundai Motor, South Korea’s top carmaker, said on Sunday it will join hands with the United Arab Emirates’ sovereign wealth fund as part of efforts to strengthen its presence in the…
- Technology
5 automakers to recall over 92K vehicles over faulty parts
Seoul: Hyundai Motor, BMW Korea and three other companies will voluntarily recall more than 92,000 vehicles to fix faulty components, the transport ministry said on Wednesday. The companies, including Mercedes-Benz Korea, Volkswagen…
- Technology
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
Seoul: South Korea’s Hyundai Motor Group and LG Energy Solution said on Friday they will invest 5.7 trillion won ($4.3 billion) in a battery cell plant in the United States, with an…
- Business
Hyundai Motor to update vehicle software on the go, to launch 2 EV platforms in 2025
Chennai: South Korea’s Hyundai Motor Group on Wednesday said it would transform all its models to software-defined vehicles by 2025. The group will also introduce vehicles in 2025 based on its two…
- Automobile
Hyundai, Kia global sales rise in August despite chip shortage
Seoul: Hyundai Motor, South Korea’s biggest carmaker, said on Thursday that its sales rose 12 percent in August from a year earlier despite an extended chip shortage. Its subsidiary Kia’s sales also…
- Automobile
Hyundai Motor chief visits US amid new EV tax break law
Seoul: Hyundai Motor said on Wednesday that its Chairman Chung Euisun was visiting the US amid growing concerns over a new law excluding electric vehicles (EVs) built outside the country from tax…
- Automobile
Hyundai to spend $424 mn to build AI research centre in US
Seoul: Hyundai Motor said on Friday it will spend $424 million to build an artificial intelligence (AI) research centre in the US to bolster its edge in robotics technology, an area it…
- Automobile
Hyundai Motor targets 5,000-unit sales of Tucson
Chennai: India’s second largest car maker Hyundai Motor India Ltd targets to sell about 5,000 units of its new Tucson model this year, the company said on Wednesday. According to Hyundai Motor…
- Automobile
Hyundai Motor names new CEO for US operations
Seoul: Hyundai Motor, South Korea’s biggest carmaker, said on Friday it has named a new chief executive for its US operations amid the prolonged chip shortage. Hyundai has promoted Randy Parker to…
- Automobile
Hyundai to create new US affiliate after $10.5 bn investment pledge
Seoul: Hyundai Motor Group said on Thursday it is setting up a new investment affiliate in the US, in a follow-up to its pledge to invest $10.5 billion in the world’s largest…
- Automobile
Hyundai Motor’s profit up 17%, aims to sell 4.32 mn vehicles in 2022
Seoul: Hyundai Motor said on Monday that its first-quarter net profit rose 17 per cent from a year earlier as an improved product mix and a weak won helped offset the impact…
- Automobile
Hyundai, Saudi Aramco to jointly develop eco-friendly vehicle engine
Seoul: Hyundai Motor Group said on Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King…