South Korea’s largest automaker, Hyundai Motor, will use blockchain in its new tech for using electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the …
Hyundai Motor
Hyundai Motor on Sunday rejected a report that it had signed a initial deal with Chinese technology company Tencent Holdings to develop software for driverless vehicles. Hyundai’s comments follows the …
Hyundai intends to construct its new headquarters in Seoul by 2023. Hyundai Motor is in talks with possible investors to develop its new headquarters planned for the Seoul, South Korea …
Hyundai Motor stated on Wednesday it prepares to increase the core automotive businesses’ operating profit margin to 7 percent by 2022, compared with 2.1 percent in last year, as part …
Elliott Management on Wednesday prompted shareholders of a Hyundai Motor to vote for its proposal for higher dividends and new board members, one day after the South Korean conglomerate declined …
- Hyundai
Hyundai declines Elliott’s payout call, shares increase ahead of showdown meeting
by SpeedLuxby SpeedLuxHyundai Motor Group on Tuesday declined demands by U.S. activist investor Elliott Management for a 7 trillion won ($6.3 billion) dividend payout and new board members, complicating attempts to renovate …
- Hyundai
South Korean prosecutors raid Hyundai’s office in recall investigation
by SpeedLuxby SpeedLuxSouth Korean prosecutors on Wednesday raided the office of Hyundai Motor’s quality division located in southern Seoul as part of an investigation into how the automaker and affiliate Kia Motors …
- Hyundai
South Korean city green lit revised plan for low-wage JV with Hyundai
by SpeedLuxby SpeedLuxA South Korean city council on Wednesday agreed to a revised plan for a low-wage automaking joint venture with Hyundai Motor, establishing the stage for the building of the automaker’s …
Hyundai Motor stated its Chinese joint venture (JV) is accepting voluntary retirements and evaluating various “optimization plans” at its factories after a decline in car sales in the major market. …
Hyundai Motor and affiliate Kia Motors stated they will recall about 168,000 U.S. vehicles at risk of fuel leaks, following the recall of them in 2017 for engine fire risks, …

