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Fri, January 24, 2020 | 23:32

Hyundai Motor surpasses W100 tril. sales

Hyundai Motor surpasses W100 tril. sales

Continued cost-cutting efforts and improved vehicle sales boosted Hyundai Motor last year as its total sales throughout 2019 surpassed 100 trillion won ($85.9 billion). This is the first time Hyundai has reported annual sales more than 100 trillion won.

Nam Hyun-woo | 2020-01-22 17:07

Hankook Tire's Hanon Systems takeover bid drifts apart

Hankook Tire's Hanon Systems takeover bid drifts apart

Hankook Tire & Technology's bid to acquire leading vehicle air conditioning system maker Hanon Systems is falling apart, as the company's financial soundness is deteriorating in the competitive tire market, industry officials said Wednesday.

Nam Hyun-woo | 2020-01-22 16:18

Mahindra says $430 million required for SsangYong turnaround by 2022: sources

Mahindra says $430 million required for SsangYong turnaround by 2022: sources

Indian carmaker Mahindra & Mahindra Ltd. is considering a capital injection of 500 billion won (US$430 million) for its South Korean unit, SsangYong Motor Co., by 2022 to secure its turnaround, industry sources said Tuesday. In a meeting with SsangYong Motor employees on Thursday, Mahindra & Mahindra Managing Director Pawan Goenka said 500 billion won is needed to turn SsangY...

2020-01-21 11:16

Questions rise over Level 3 autonomous vehicle operation in Korea

Questions rise over Level 3 autonomous vehicle operation in Korea

Korea will be able to accommodate operations of basic Level 3 self-driving vehicles on public roads as early as July, however, the new initiative requires a period of trial and error, as uncertainties in technology produces high costs for early adapters in purchasing the vehicle as well as high insurance premiums.

Kim Hyun-bin | 2020-01-19 17:11

Mahindra goes after gov't over SsangYong as election looms

Mahindra goes after gov't over SsangYong as election looms

SsangYong Motor's largest stakeholder, Mahindra & Mahindra, is throwing a conundrum to the Moon Jae-in administration, billing government aid on the ailing Korean carmaker as a cost for Moon government's apparent intervention on rehiring laid-off workers.

Nam Hyun-woo | 2020-01-17 17:26

Hyundai Kona EV reaches highest altitude to set Guinness record

Hyundai Kona EV reaches highest altitude to set Guinness record

Hyundai Motor Co.'s Kona Electric vehicle has set a Guinness world record for the highest altitude achieved in an electric car, the company said Sunday. The Kona Electric built in Hyundai Motor's Indian plant reached the Saula Himal peak that is 5,731 meters high, beating the previous record height of 5,715 meters set by the ES8 sport utility vehicle of Chinese electric carma...

2020-01-17 14:06

Doubts remain on GM Korea future after Trailblazer

Doubts remain on GM Korea future after Trailblazer

INCHEON - Despite Thursday's release of the Trailblazer, a compact sports utility vehicle (SUV) in South Korea, doubts remain over General Motors' South Korean affiliate GM Korea's future in the country.

Nam Hyun-woo | 2020-01-16 17:06

'Air taxi to see explosive demand after 2035'

'Air taxi to see explosive demand after 2035'

LAS VEGAS - The public demand for an air taxi service will see “an inflection point” in 2035, and Hyundai Motor Group's bid to preoccupy the lucrative market is a feasible investment, according to Shin Jai-won, the head of the group's urban air mobility division.

Nam Hyun-woo | 2020-01-16 15:47

Genesis rolls out GV80, jumps on SUV bandwagon

Genesis rolls out GV80, jumps on SUV bandwagon

GOYANG, Gyeonggi Province - Hyundai Motor's luxury brand Genesis launched the much-anticipated GV80 SUV in Korea, Wednesday, seeking a further boost in the rapid growth of the six-year-old brand.

Nam Hyun-woo | 2020-01-15 17:01

Kia's Telluride named North American utility vehicle of the Year

Kia's Telluride named North American utility vehicle of the Year

Kia Motors Corp., South Korea's No. 2 automaker, said Tuesday its flagship Telluride sport utility vehicle has been named the North American Utility Vehicle of the Year. The Telluride was one of three finalists for the award, the others being Hyundai Motor Co.'s Palisade and Lincoln Continental's Aviator, the company said in a statement.

2020-01-14 14:45

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