Hyundai Motor and affiliate Kia Motors stated on Tuesday they sold 7.25 million vehicles in 2017, still far behind their target of 8.25 million vehicles. Hyundai has shipped 4.5 million vehicles, compared to its target of 5.08 million. Kia Motors sold 2.75 million vehicles, still far from the goal of 3.17 million.
South Korean automaker Hyundai Motor’s labor union stated on Tuesday its members have turned down the tentative wage deal its management had agreed with management recently. The union in a statement stated 50.2 percent of 45,008 voters turned down the deal as they considered wage levels were inadequate compared to previous years’ agreements, while 48.2
Hyundai Motor stated its labor union accepted a tentative wage deal on Tuesday. A deal would resolve remaining disputes between Hyundai Motor’s management and labor union over wage boosts for next year and other issues, clearing the way for the automaker to focus on reclaiming lost market share after a diplomatic row with Beijing hit
South Korean automakers dealing with a significant headwind from a weakening Japanese yen, which will enhance competitors like Toyota Motor next year, a Hyundai Motor think tank stated. The fall in the yen will heighten competition in significant markets, such as China and the United States, where total demand is anticipated to diminish in 2018,
Fiat Chrysler Automobiles (FCA) is talking with South Korea’s Hyundai about a technical partnership, though there are no merger talks between the two, FCA CEO Sergio Marchionne stated on Saturday. FCA is frequently the subject of merger speculation, particularly after its unsuccessful 2015 attempt to consolidate larger U.S. competitor General Motors. Its share price leapt
Hyundai Motor employees resumed production of the Kona sport utility vehicle on Tuesday, putting a near two-day strike to an end, which was over the company’s decision to extend the model’s output prior its launch in the United States. The South Korean automaker has stopped preparations for now to produce the Kona on a second
Hyundai Motor is thinking about constructing its Tucson and Kona sport utility vehicles and its pickup truck at its only U.S. factory to reverse a sales downturn, Seoul Economic Daily reported on Friday. Hyundai intends to produce the Tucson and the pickup at its U.S. plant in Alabama in 2021, the report stated, mentioning anonymous
Hyundai Motor launched its first new sedan under the premium Genesis marque in South Korean capital, Seoul, on Friday, intending to seal the brand’s location in the luxury sector and make up for its absence of a strong SUV line-up. The G70, the third sedan to bring the Genesis name however the first to be
South Korean automaker Hyundai Motor stated on Friday it will carry on its Chinese joint venture with BAIC Motor, brushing off investor concerns about soured relationships between the partners. China’s state-run Global Times newspaper has reported BAIC may risk losing the joint venture if disagreements over suppliers were not resolved, pointing out an industry insider.
Hyundai Motor has replaced the head of its Chinese operation, as it is having a hard time to restore a grip in the world’s biggest auto market amid a diplomatic spat between the Asian trading partners. Tao Hung Than been named the new head of Hyundai’s China department replacing Chang Won-shin, Yonhap news agency and
Hyundai Motor said on Wednesday it had restarted production in China after a supply issue forced the suspension of operations past week, complicating its efforts to raise sagging sales. The production stoppage that is resolved at the moment, contributes to investor issues after the South Korean automaker posted its smallest quarterly profit in five years
Bad news for fans of full-size Korean four-door sedans, South Korean automaker is formally axing the Hyundai Azera. For those unknown about this model, the Azera was a bit like a Korean Toyota Avalon. Larger and more car than a Sonata, not as directly luxurious as the Genesis cars, and priced accordingly. In the Azera’s
Kia Motors topped an initial quality research study of new vehicles sold in the United States based on owner responses for the second successive year, business consultancy J.D. Power stated last week. Hyundai’s Genesis vehicles came second in the study, followed by Porsche. Fiat Chrysler’s Ram and Ford Motor’s namesake brand name took the 4th
Although Hyundai will start its N performance sub-brand with an i30N never ever to reach U.S. coasts, head of performance development Albert Biermann however assures he hasn’t neglected the important North American market.” [The U.S.] can expect to be extremely delighted and satisfied for what’s coming,” stated Biermann, speaking at Hyundai’s Namyang test center. “We
The Kia Stonic subcompact crossover launched for Europe sporting a more conservative design than its newly revealed cousin, the Hyundai Kona. The Stonic includes the brand’s signature tiger-nose grille, a little bit of rugged body cladding, and more conventional headlampunits thanthe Kona. A targa-style roofing painted in a various color than the rest of the