Hyundai is setting a new benchmark with fourth-generation Santa Fe

All new Hyundai Santa Fe

Hyundai is “setting a new benchmark” in the SUV segment with the release of the all-new fourth-generation Santa Fe, as per a statement yesterday. With this, the company is providing customers outstanding design, innovative technology and the recent safety features, while maintaining the popular model’s reputation for excellent value. Starting with the launch of its […]

Elliott Management calls for fresh restructuring at Hyundai Motor Group

Elliott Management

U.S. activist hedge fund Elliott Management made new propositions to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own strategy. Elliott, which owns $1.5 billion worth of shares in three Hyundai group companies, called for a committee to evaluate its proposals with other […]

Hyundai to set up showroom on Amazon

Hyundai Tuscon images

Hyundai Motor stated on Wednesday it is going to set up a showroom on that will assist car purchasers book test drives, check dealer inventories and compare costs and reviews. The showroom will run through Amazon Vehicles, a platform the world’s biggest online retailer launched in 2016, for others to research on cars, auto […]

Hyundai cautions U.S. car tariffs can harm security ties over North Korea

Hyundai i10 images

Hyundai Motor cautioned the U.S. administration that enforcing up to 25 percent tariffs on imported vehicles from South Korea would harm a security alliance between the two countries over North Korea’s nuclear ambitions. The tariffs would hike production expenses at Hyundai’s U.S. factory by about 10 percent and “jeopardize” its U.S. investment strategy, the top […]

Elliott Management set to vote against Hyundai restructuring plan

Elliott Management

U.S. activist fund Elliott Management has stated it will vote against Hyundai Motor Group’s restructuring plan and prompted other shareholders to decline the proposal to reform South Korea’s second-largest conglomerate. A Hyundai Motor Group executive replied that the proposed arrangements to simplify the carmaker’s complex ownership structure would not modify and promised higher returns for […]