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
South Korean automaker, Hyundai Motor revealed a redesigned Sonata on Wednesday, intending to reverse a drop in sales of a model having hard time to stand out in a degrading saloon segment. Hyundai has accepted a sporty look for the updated car to recover ground lost to competing models like Renault SA’s SM6 in South
Guessing from these renderings, it looks like the Hyundai Sonata will go through a quite major design remodeling soon. Hyundai Motor revealed two different sketches on its Facebook, each sketch reveals four different Sonatas: the illustrations on the left depict a facelifted design while the best 2 drawings reveal older versions of the vehicle. Strangely
Hyundai Motor has hired a former General Motors researcher to manage its center to establish completely autonomous cars, joining with other automakers and Silicon Valley giants in speeding up efforts on the fast-growing technology. Lee Jin-woo, 47, who has formerly led autonomous driving technology advancement at General Motors for over a decade, will head the
Hyundai Motor stated on Wednesday it might acquire electric automobile batteries from Chinese companies for a prepared China model after South Korean battery makers couldn’t make a list of authorized vendors last year. The decision comes at a time of growing concern in South Korea that Beijing may be striking back over Seoul’s decision to
South Korea’s Kia Motors is searching place in India for their car making and they finalize Andhra Pradesh State for its first factory in India. They are the world’s 5th biggest car makers, who are pursuing new business after they are missed their target for the past two years. Now they have their worries about
On Monday, Hyundai Motor Group, the second-biggest corporate of South Korea, has confirmed that after the annual reshuffle, they had promoted 348 executives, whereas the profit percentage is reduced by 5 percent from last year due to the growing business uncertainty. As announced by flagship unit from the Hyundai, the report of fourth consecutive decline
Hyundai Motor plans to set up a auto assembly plant in Pakistan in a joint venture with regional textile company Nishat Mills, a representative from Nishat stated on Friday. Hyundai’s return to Pakistan will improve the government’s efforts to shake up the Japanese-dominated vehicle market and loosen the dominance of Toyota, Honda and Suzuki, who
Kia Motors stated on Thursday that it prepares to launch a small sport utility vehicle in South Korea in 2017, in a bid to go into the booming sector. Kia, an affiliate of Hyundai Motor, informed in an earnings presentation that the model is going to be a “crossover utility vehicle (CUV)” formed on its