magazine car dealer uk
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Automobiles
Hyundai NEXO, Toyota Mirai to compete in fuel cell cars as Honda exits
Japan’s Honda Motor Co. has announced it is exiting the hydrogen fuel cell vehicle market, leaving Toyota Motor Corp. and South Korea’s ...
Jun 18, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai to provide hydrogen fuel cell system for world’s first electric car race
South Korea’s Hyundai Motor Group will provide its hydrogen fuel cell system to the world’s first touring race for electric vehicles, Hy...
Jun 11, 2021 (Gmt+09:00)
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Retail
UK lifestyle brand Barbour enters legal battle with 10-year partner in Korea
The recent decision by Barbour, the British lifestyle brand under J. Barbour & Sons Ltd., to transfer the rights to sell its products in South K...
Jun 10, 2021 (Gmt+09:00)
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Medicine
Celltrion, Mirae to take largest stake in UK biotech firm
South Korean biosimilar maker Celltrion Inc. and Mirae Asset Group have agreed to an investment that will render them the top shareholder in Iksuda ...
Jun 07, 2021 (Gmt+09:00)
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Automobiles
Heavy cost pressure set to drive up car prices
South Korea’s automakers are facing a drastic increase in manufacturing costs. Raw material prices are soaring and the global chip shortage re...
Jun 01, 2021 (Gmt+09:00)
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Korean LPs commit over $200 mn to UK real estate fund
A UK-focused real estate debt fund, managed by New York-based BentallGreenOak, has received a combined £170 million ($241 million) in commitme...
May 31, 2021 (Gmt+09:00)
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Artificial intelligence
Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health
Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...
May 28, 2021 (Gmt+09:00)
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Stake investments
Samsung Life buys 25% stake in Savills IM for $90 mn
Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...
May 27, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai Motor chairman vows to go carbon neutral, stresses electrification
Chung Euisun, chairman of Hyundai Motor Group, has vowed to go carbon neutral in the group's processes, from automaking to vehicle disposal, in a mo...
May 25, 2021 (Gmt+09:00)
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Automobiles
Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award
Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and R...
May 18, 2021 (Gmt+09:00)
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Automobiles
Hyundai’s premium Genesis brand sells over 500,000 cars since launch
Hyundai Motor Co.’s standalone high-end brand Genesis has reached a landmark with sales of over 500,000 cars since its launch as the top South...
May 12, 2021 (Gmt+09:00)
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Urban air mobility
Korean Air joins race for flying car business to rival Hyundai, Hanwha
Korean Air Lines Co. is entering into the business of urban air mobility (UAM), which is emerging as one of the most futuristic modes of transportat...
May 06, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor, SK Innovation join forces on hybrid car battery development
South Korea-based automakers Hyundai Motor Co., KIA Corp. and electric vehicle battery maker SK Innovation Co. have joined forces to jointly develop...
Apr 16, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis expands mobility business, reveals concept cars
South Korea’s largest auto parts maker Hyundai Mobis will undergo significant reforms in its business model to become a future mobility platfo...
Apr 01, 2021 (Gmt+09:00)
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Automobiles
Hyosung to equip airbags on Amazon’s self-driving cars
Hyosung Advanced Materials will equip Amazon’s fully autonomous vehicles with its next generation one piece woven (OPW) airbags. The company s...
Mar 17, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to ramp up fuel cell car production
South Korea-based Hyundai Motor Co. has decided to produce around 17,000 units of its hydrogen fuel cell electric vehicle (FCEV) this year, thrice t...
Mar 02, 2021 (Gmt+09:00)
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Alternative investments
NPS makes first investment in timberland via UK fund
The National Pension Service has committed $150 million to London-based Stafford Capital Partners in its first investment in timberland, land availa...
Feb 18, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai says not in talks with Apple over self-driving cars
Hyundai Motor Group said on Monday it is not engaged in talks with Apple Inc. over the development of an autonomous electric vehicle, throwing cold ...
Feb 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Mando acquires JV to boost footing in autonomous vehicle industry
South Korea-based Mando Corp. is set to acquire electronic auto parts maker Mando-Hella Electronics Corp. in a deal valued at 165 billion won ($148 ...
Feb 03, 2021 (Gmt+09:00)
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Electric vehicles
Kia shares jump on $3.6 bn Apple Car project news
Shares in Kia Corp. and South Korean automotive parts makers rose sharply on Wednesday, following a news report that Apple Inc. will make an initial...
Feb 03, 2021 (Gmt+09:00)
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Future mobility
Hyundai-partnered world-first urban airport project gets UK govt backing
A British urban air mobility project, in which South Korea’s Hyundai Motor Co. is a technology partner, has been chosen as the winner of the U...
Jan 29, 2021 (Gmt+09:00)
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Future mobility
LG, Qualcomm to cooperate in 5G platforms for connected cars
LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connecte...
Jan 27, 2021 (Gmt+09:00)
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Automobiles
LG Electronics, Luxoft to launch car infotainment JV in January
LG Electronics Inc. will launch a car infotainment system joint venture with Luxoft, a DXC Technology company headquartered in Switzerland, later th...
Jan 13, 2021 (Gmt+09:00)
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Automobiles
SUVs drive up Hyundai, Kia in US market; G80 named safest car of year
A slate of new sport utility vehicles are driving up Hyundai Motor Group's market share in the US, where its two automaking units have relied on sed...
Dec 31, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor to roll out automated remote valet parking cars in 2024
Maneuvering in and out of tight parking spaces is troublesome for some drivers, men and women alike. Whatever your take on parking, Hyundai Motor Co...
Dec 11, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Shinhan, Hana fund KKR’s $5.6 bn UK deal with $63 mn in loans
Two leading South Korean banks – Shinhan and Hana – have provided a combined 47 million pounds ($63 million) in senior loans to finance ...
Dec 04, 2020 (Gmt+09:00)
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Automobiles
Tax cuts, pandemic lift imported car sales in Korea
Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at stimulating personal s...
Dec 03, 2020 (Gmt+09:00)
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Private equity
MBK buys $228 mn stake in China’s No. 1 car rental firm
MBK Partners has now become the second-largest shareholder in both of China’s two biggest rental car companies after purchasing a 20.86% stake...
Dec 03, 2020 (Gmt+09:00)
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Carbon neutrality
Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035
South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...
Nov 24, 2020 (Gmt+09:00)
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CFO Insight
S-Oil says at least 20 more years to go for oil-powered cars
The penetration of electric and hydrogen-powered vehicles into the transportation industry will unlikely become a major threat to refiners over the ne...
Nov 23, 2020 (Gmt+09:00)
Latest News
- 1 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 2 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 3 President Lee: Businesses at center of policy priorities for economic growth
- 4 Samsung supplies HBM3E to AMD’s new accelerators
- 5 Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds