Kia posts record-high double-digit profit margin in second quarter

Kia posts record-high double-digit profit margin in second quarter

Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...

Hyundai Motor sees surprise Q3 after record quarterly sales, profit

Hyundai Motor sees surprise Q3 after record quarterly sales, profit

South Korea’s top automaker Hyundai Motor Co. on Thursday posted its highest-ever quarterly sales and operating profit, driven by pricey sport...

Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023

Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023

South Korea’s Hyundai Motor Group will launch its most-advanced Level 3 autonomous cars next year, starting with Hyundai Motor Co.'s flagship ...

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...

Easing car delivery crunch: Boon or bane for Hyundai, Kia?

Easing car delivery crunch: Boon or bane for Hyundai, Kia?

Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...

Ssangyong to raise Torres SUV output for turnaround

Ssangyong to raise Torres SUV output for turnaround

South Korea’s Ssangyong Motor Co. will ramp up the production of its new sport utility vehicle to meet strong demand, hoping the Torres will h...

KG, Cactus PE, Pavilion PE named new owners of Ssangyong Motor

KG, Cactus PE, Pavilion PE named new owners of Ssangyong Motor

A consortium led by the chemicals-to-steel conglomerate KG Group has been named the new owner of South Korea’s troubled sport utility vehicle ...

Hyundai, Kia set for record profit with lower incentives than Toyota

Hyundai, Kia set for record profit with lower incentives than Toyota

South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – are expected to post their highest ever profit for the se...

Kia Sportage speeds up Hyundai’s eco-friendly push

Kia Sportage speeds up Hyundai’s eco-friendly push

Kia Corp.'s Sportage plug-in hybrid electric vehicle (PHEV) was recently recognized as the best model in the segment by two influential German auto ...

Hyundai, Kia speed up expansion in European EV market

Hyundai, Kia speed up expansion in European EV market

Hyundai Motor Co. and Kia Corp., South Korea’s top two automakers, are expanding their presence in Europe, the world’s second-largest el...

Hyundai, Kia to inject $16.6 bn into EV production in South Korea 

Hyundai, Kia to inject $16.6 bn into EV production in South Korea 

The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...

Genesis posts sales growth in US as other auto brands suffer

Genesis posts sales growth in US as other auto brands suffer

Hyundai Motor Co. said on Wednesday its premium Genesis brand saw its US car sales considerably grow in April when all other major carmakers reporte...

Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook

Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook

South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – on Monday posted strong first-quarter earnings, driven by...

SUV, minivan sales reach 52% of car market in Q1

SUV, minivan sales reach 52% of car market in Q1

Sales of leisure vehicles in South Korea, primarily sport utility vehicles (SUVs) and minivans, exceeded half of domestic finished car sales in the ...

Kia chooses Coupang as first partner for purpose-built vehicle rollout

Kia chooses Coupang as first partner for purpose-built vehicle rollout

Kia Corp., South Korea’s second-largest automaker, has chosen Coupang Inc. as its first partner for the production of a purpose-built vehicle ...

Hyundai Motor, Kia rank fifth in global electric vehicle sales

Hyundai Motor, Kia rank fifth in global electric vehicle sales

South Korea’s two largest automakers, Hyundai Motor Co. and Kia Corp., ranked fifth in terms of electric vehicle sales, which posted triple-di...

Hyundai, Kia outperform competitors in US in Q1

Hyundai, Kia outperform competitors in US in Q1

Hyundai Motor Co. and Kia Corp., automaking units of Hyundai Motor Group, logged a smaller decline in US car sales than their global competitors in ...

Kia set to break ground on purpose-built vehicle plant in 2023

Kia set to break ground on purpose-built vehicle plant in 2023

Kia Corp., South Korea’s second-largest automaker, plans to break ground on the construction of its first purpose-built vehicle (PBV) plant ne...

Ssangyong Motor sale collapses as Edison Motors fails to pay

Ssangyong Motor sale collapses as Edison Motors fails to pay

The planned sale of Ssangyong Motor Co. to Edison Motors Co., a small South Korean electric bus maker, has broken down as Edison failed to make full...

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...

China rules EV market with fleet sales; Hyundai targets retail

China rules EV market with fleet sales; Hyundai targets retail

Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...

Kia aims to launch 14 all-electric models by 2027

Kia aims to launch 14 all-electric models by 2027

Kia Corp., South Korea’s second-largest automaker, said on Thursday it will launch 14 electric vehicles by 2027 with an aim to sell 1.2 millio...

Hyundai, Kia refine profile with accolades, higher global rankings

Hyundai, Kia refine profile with accolades, higher global rankings

Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, have worked for decades to refine their profil...

Hyundai, Kia heavily exposed to Ukraine crisis; shares at 52-week lows

Hyundai, Kia heavily exposed to Ukraine crisis; shares at 52-week lows

Shares of Hyundai Motor Co. and Kia Corp. on Monday fell to their lowest levels in more than 52 weeks as investors engaged in panic selling on conce...

Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany

Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany

Hyundai Motor Co.'s IONIQ 5 and Kia Corp.'s EV6 have been recognized as the most competitive electric sport utility vehicles by Auto Zeitung, a high...

Kia: New king in J.D. Power’s most reliable auto brand rankings

Kia: New king in J.D. Power’s most reliable auto brand rankings

Kia Corp. is the top-ranked automaker in J.D. Power’s 2022 US Vehicle Dependability Study (VDS) ahead of General Motor Co.’s Buick as we...

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...

Hyundai, Kia lead rivals in 2022 US best car awards

Hyundai, Kia lead rivals in 2022 US best car awards

Hyundai Motor Group’s major auto brands have won a record number of best car awards by the U.S. News & World Report in recognition of thei...

Hyundai Motor beats Honda in US for the first time in its 35 years there

Hyundai Motor beats Honda in US for the first time in its 35 years there

South Korea’s top automaker Hyundai Motor Group beat Japanese rival Honda Motor Co. in the US last year, for the first time in its 35 years of...

Hyundai, Kia, Genesis sweep car of the year awards in 2021

Hyundai, Kia, Genesis sweep car of the year awards in 2021

Hyundai Motor Group’s major auto brands have won a record number of top global awards and industry accolades this year in recognition of its e...

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