Hyundai has released a new teaser video of the upcoming Kona SUV ahead of its formal unveiling in few weeks from now. The new teaser video intends to reveal the model information of the brand-new Kona SUV. The brand-new Kona is called after the Kona district on the Big Island of Hawaii. The sub-compact SUV
Marked by anti-Korean sentiment in its greatest market and losing ground to regional automakers, Hyundai Motor is going to open its first Chinese brand shop, and regionally assemble its premium Genesis vehicles and speed up the launch of a sport-utility vehicle (SUV), people knowledgeable about the plans stated. The procedures are aimed at rebooting the
An engineer from South Korea, Kim Gwang-ho flew 7,000 miles to Washington in 2016 to do something he never ever dreamed he would: he reported supposed safety lapses at Hyundai Motor – his company of 26 years – to U.S. regulators. Mentioning an internal report from Hyundai’s quality strategy group to management, Kim informed the
South Korea has ordered Hyundai Motor and affiliate Kia Motors to recall 240,000 vehicles concerning safety flaws flagged by a whistleblower. The move marks the very first compulsory recall ordered by the transport ministry for Hyundai and Kia, which had withstood an earlier request for a voluntary recall, and provides fresh credence to accusations made
South Korean automaker Kia Motors signed a deal on Thursday to invest $1.1 billion to construct its first factory in India, aiming to tap a growing market at a time when its China sales are sluggish. The Hyundai Motor affiliate published a 19 percent downturn in first-quarter net profit as conflict with dealerships hit its
Hyundai Motor projected a progressive earnings recovery after publishing a smaller-than-expected 21 percent drop in quarterly profit as sales of higher-margin vehicles cushioned the impact of a U.S. recall and earnings decrease in China. The forecast-beating incomes helped Hyundai shares increase 4.5 percent. The South Korean automaker’s shares have actually been under pressure just recently
The China joint venture of Hyundai Motor is dealing with extreme difficulties due to a complex political, financial and competitive environment, its chairman stated on Wednesday, admidst of a political stand-off in between China and South Korea. The automaker has seen its sales struck in the nation and has dramatically cut production amid anti-Korean sentiment
Genesis, the luxury department of Hyundai, is using the platform of the New York International Auto Show to display the GV80, a hydrogen fuel cell concept SUV. Pictures for the new machine, which seem practically photoshopped, depict an elegant, four-door SUV that appears like a pumped-up Genesis G80. Genesis regards the GV80 the brand’s “first
Hyundai Motor and Kia Motors are going to recall 1.48 million vehicles in the United States, Canada and South Korea because of engine problems, the recent blow for two companies already having a hard time in crucial markets. The recall might cost the two companies hundreds of millions of dollars each revives quality issues at
South Korea’s Hyundai Motor and Kia Motors on Monday stated “weaker sales in China” most likely dragged down overseas sales in March, following a diplomatic row over a missile system caused an increase in anti-Korean sentiment. At Kia Motors, China sales most likely cut in half from the year prior because of political tension and
Hyundai Motor on Monday stated it had suspended production at one of its Chinese factories for one week, fueling issue that a diplomatic standoff may be harming sales in the car manufacturer’s top market. South Korean firms, from cosmetics to merchants, stated that they are being targeted in China because of Beijing’s objections to a
A Venezuelan automobile assembly plant, MMC, intends to restart output of Hyundai Motor vehicles by 2018 following a five-year stop because of a lack of dollars from the government to import parts, a company executive stated. Automobile assembly has almost ground to a halt in the crisis-stricken OPEC country for absence of parts of assembly.
The owner of an abandoned Hyundai could be surprised when they finally gather their car– together with 26 parking tickets. It has been left in a parking lot in Kings Heath, Birmingham, for the past six months, acquiring parking fines worth an approximated ₤ 2,600 ($3,252)– 17 times more than the vehicle is really worth.
Market reports that U.S. activist hedge fund Elliott Management has obtained a stake in South Korea’s Hyundai Motor are not correct, a person knowledgeable about the matter told Reuters on Tuesday. Hyundai shares increased 8.6 percent on Tuesday after reaching their highest level in 22 months on hopes that the wider Hyundai Motor Group will
Hyundai Motor will recall an estimated of 978,000 Sonata cars in the United States due to a seat belt glitch that has resulted in one small injury, as per a report filed on Thursday by the automaker with U.S. regulators. The site for the regulator, National Highway Traffic Safety Administration (NHTSA), stated the recall campaign