SEOUL, Jul. 19 (Korea Bizwire) – Hyundai Mobis, a leading automotive supplier, announced on July 18 that it has developed the world’s first airbags specifically designed for Purpose-Built Vehicles (PBVs), addressing the unique safety challenges presented by these versatile and spacious vehicles. The company has introduced two innovative airbag designs: a door-mounted curtain airbag and a [...]
SEOUL, July 16 (Korea Bizwire) – Renault Korea Motors Co., the South Korean unit of French auto group Renault S.A., said Tuesday it has begun mass production of its new hybrid SUV, the Grand Koleos. The company said it held a celebration for the first unit of the Grand Koleos at its manufacturing plant in [...]
SEOUL, July 13 (Korea Bizwire) – Hyundai Motor Co.’s labor and management have concluded their wage negotiations without a strike for the sixth year in a row, agreeing on the highest wage increase in the company’s history. The union said Saturday its members have voted to accept a tentative wage deal reached earlier in the [...]
SEOUL, Jul. 11 (Korea Bizwire) – Hyundai Motor Co. said Thursday it will launch the GV60 Magma SUV in South Korea next year as it beefs up high-performance models. The GV60 Magma will be the first model under the Genesis Magma program, which was officially launched at the Genesis showroom in New York in March, [...]
SEOUL, Jul. 11 (Korea Bizwire) – In a move that could reshape the electric vehicle charging landscape in North America, Toyota, the world’s largest automaker, announced on July 10 its decision to invest in Ionna, a joint venture formed by seven major global car manufacturers to build an extensive EV charging network. Ionna, established last [...]
SEOUL, Jul. 9 (Korea Bizwire) – Hyundai Motor Group has released a poignant campaign video titled “Four-Six, Four-Seven,” showcasing the story of hydrogen electric buses designed to support firefighters’ recovery, the company announced on July 8. The campaign is part of Hyundai’s ongoing collaboration with the National Fire Agency and Jeju Province to donate hydrogen electric [...]
SEOUL, Jul. 9 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has partnered with the University of Oxford in Britain in establishing a specialized research center dedicated to shaping the group’s long-term future vision. The group held an opening ceremony for the Oxford-Hyundai Motor Group Foresight Centre at the university campus to mark the [...]
SEOUL, Jul. 9 (Korea Bizwire) – The proportion of imported cars registered under corporate names in South Korea has fallen to an unprecedented low in the first half of 2024, dipping below 35% for the first time in recent history. According to data released by the Korea Automobile Importers and Distributors Association (KAIDA) on July 8, [...]
SEOUL, Jul. 8 (Korea Bizwire) — The ratio of imported vehicles registered as company cars fell to the lowest level of 34 percent of all imported car registrations in the first half under a new vehicle registration law, an automobile industry association said Monday. The number of company-owned imported vehicles came to 42,200 units, accounting [...]
SEOUL, July 7 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data Sunday, as it has filed for an initial public offering for its India unit. According to data from the Federation of Automobile Dealers [...]
