Hyundai unveils big electric SUV in fast-growing market SAN FRANCISCO: Hyundai Motor unveiled its first three-row electric SUV on Wednesday, pushing into a market for big... Published 21 Nov, 2024 10:41am
Business & Finance Hyundai Motor India’s Q2 profit drops 17% as sales decline Hyundai Motor India, the country’s second-biggest carmaker by market share, reported a 16.5% decline in quarterly... Published 12 Nov, 2024 01:59pm
Business & Finance Hyundai Motor’s Q3 operating profit falls 7%; misses analysts’ estimates SEOUL: Hyundai Motor Co on Thursday reported a 7% fall in third-quarter operating profit, hurt by warranty costs for... Published 24 Oct, 2024 01:03pm
Business & Finance Hyundai Motor targets 30% rise in sales by 2030 as it doubles hybrid lineup SEOUL: Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30%... Published 28 Aug, 2024 01:21pm
Business & Finance Hyundai Motor, Kia Corp sign agreement with China’s Baidu on connected car technology SEOUL: Hyundai Motor and Kia Corp on Sunday said the companies have signed a memorandum of understanding (MOU) with... Published 28 Apr, 2024 02:03pm
Business & Finance Hyundai Motor doubles down on EVs as it ramps up investment in Korea NEW YORK/SEOUL: Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years... Published 29 Mar, 2024 04:44am
Business & Finance Hyundai Motor Group to invest 68 trillion won over 3 years SEOUL: South Korea’s Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three... Published 27 Mar, 2024 11:18am
Business & Finance Hyundai, Kia to recall US vehicles over damaged charging unit, NHTSA says Hyundai Motor America and Kia America are recalling a combined 147,100 US vehicles over a damaged charging unit, the... Published 21 Mar, 2024 03:19pm
Business & Finance Hyundai Motor’s Q4 net profit rises 31%, misses forecasts SEOUL: South Korea’s Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst... Published 25 Jan, 2024 11:17am
Business & Finance Hyundai Motor’s India arm to invest $722mn in Maharashtra BENGALURU: Hyundai Motor’s Indian unit on Friday said it would invest 60 billion rupees ($721.73 million) in the... Published 19 Jan, 2024 12:42pm
Business & Finance Hyundai Motor to sell Russia plant for token sum, taking $219mn hit SEOUL: South Korean automaker Hyundai Motor plans to sell its plant in Russia for a token 7,000 roubles ($77.67), a... Published 19 Dec, 2023 01:30pm
Business & Finance Hyundai unveils its first high-performance electric car Hyundai Motor unveiled its first high-performance electric vehicle(EV), an N sport variant of its IONIQ 5 crossover... Published 16 Nov, 2023 10:15am
Technology Hyundai Motor breaks ground on $1.5bn EV plant in South Korea Hyundai Motor Co on Monday broke ground on a 2 trillion won ($1.52 billion) dedicated electric vehicle (EV) plant in... Published 13 Nov, 2023 10:07am
Business & Finance Hyundai Motor’s unit to buy General Motors’ India plant BENGALURU: Hyundai Motor Co’s Indian unit will buy automaker General Motors’ Talegaon plant in the western state of... Published 17 Aug, 2023 03:49am
World India’s aerospace suppliers see upside in parts-making from record jet orders PARIS/DELHI: Indian aerospace suppliers see record jet orders by the country’s top two carriers boosting domestic... Published 28 Jun, 2023 11:10am
Technology Hyundai raises EV investment to $28bn, to reduce China operations SEOUL: Hyundai Motor will raise average annual investment in electrification by nearly two thirds to $28 billion in... Published 20 Jun, 2023 03:22pm
Business & Finance Hyundai Motor lines up to buy General Motors’ India plant NEW DELHI: Hyundai Motor Co said on Monday it has agreed to a potential acquisition of General Motors’ plant in... Published 13 Mar, 2023 06:21pm
Business & Finance Hyundai lays off staff after idling Russian plant since March MOSCOW: South Korea’s Hyundai Motor Co, formerly one of Russia’s biggest car makers, has begun laying off workers at... Published 19 Dec, 2022 09:57pm
Business & Finance Hyundai Motor lifts annual revenue, margin outlook despite weak Q3 SEOUL: South Korea’s Hyundai Motor Co raised its full-year revenue and profit margin guidance on Monday, betting on... Published 24 Oct, 2022 11:26am
Business & Finance Kia shares edge up in choppy trade after booking extra $1.1bn provision SEOUL: Shares of South Korea’s Kia Corp reversed losses and edged up on Wednesday after the automaker said on... Published 19 Oct, 2022 10:45am
Technology Xiaomi in talks with BAIC to produce electric cars Smartphone maker Xiaomi Corp is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co... Published 26 Aug, 2022 01:54pm
Business & Finance After KIA, Hyundai massively increases Tucson prices After Lucky Motor Corp increased prices of its KIA-brand vehicles, Hyundai Nishat Motors also jacked up the rates of... Published 22 Jul, 2022 12:47pm
Business & Finance Global manufacturers see chip shortage easing ZURICH/STOCKHOLM: Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the... Published 21 Jul, 2022 06:24pm
Business & Finance Hyundai Motor launches first electric sedan, taking on Tesla SEOUL: Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is... Updated 14 Jul, 2022 01:50pm
Business & Finance Hyundai Motor’s union in South Korea vote on first strike in four years SEOUL: Hyundai Motor Co’s unionised workers in South Korea vote on Friday to decide whether to go on a strike for... Published 01 Jul, 2022 07:10pm
Business & Finance Hyundai plans US EV plant, in talks with Georgia SEOUL/DETROIT: Hyundai Motor Co plans to announce a new electric-vehicle manufacturing plant in the United States... Published 09 May, 2022 02:09pm
Business & Finance Hyundai Motor Q1 profit surges on favourable currency rates SEOUL: Hyundai Motor Co on Monday posted a 19% rise in first-quarter profit as favourable exchange rates offset a... Published 25 Apr, 2022 11:58am
Markets Iveco, Hyundai Motor to explore collaboration on vehicle tech, supply MILAN: Italian truck, bus and engine maker Iveco group said on Monday it had signed a preliminary deal with South... Published 07 Mar, 2022 05:31pm
Technology Tesla changes South Korea ads after antitrust probe faulted batteries SEOUL: Tesla Inc changed an advertisement about the driving range for its Model 3 in South Korea after an antitrust... Published 18 Feb, 2022 10:16am
Markets Ford, Suzuki to get incentives under India’s $3.5bn clean fuel scheme NEW DELHI: Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for... Published 12 Feb, 2022 05:09am