Hyundai’s ex-design chief Donckerwolke named chief creative officer

Hyundai Motor Co. has appointed former design chief Luc Donckerwolke as the automaking group’s chief creative officer, a new post created as par...

Hyundai Motor reports Q3 loss on $2 bn provisioning

Hyundai Motor Co. turned to an operating loss in the third quarter, after it booked 2.1 trillion won ($1.9 billion) as one-off charges related to its ...

Hyundai Glovis, Hyundai Motor, LG Chem get nod on EV battery recycling

The South Korean government has eased regulations to allow local automakers and battery makers to collaborate on recycling used electric-vehicle batte...

New Hyundai Motor Chairman Chung Euisun sets sights on future mobility

Chung Euisun, executive vice chairman of Hyundai Motor Co., has assumed the chairmanship of Hyundai Motor Group, officially confirming his ascension t...

Hyundai Motor begins Singapore innovation lab construction

Hyundai Motor Co., South Korea’s biggest automaker, has begun building an innovation lab in Singapore as part of its efforts to explore new mobi...

Hyundai Motor unveils sustainable fashion collection from recycled car materials

Hyundai Motor Co. displayed fashion items made of discarded materials from the automotive manufacturing and scrapping process on Oct. 8, calling it a ...

Hyundai Motor hires two AI experts to strengthen foothold in future mobility

Hyundai Motor Group has hired two artificial intelligence experts as the company aims to secure its position in the future mobility sector, including ...

HAAH Automotive proposes $258 mn investment in Ssangyong Motor

HAAH Automotive Holdings Inc., a US automobile distributor, has offered to invest 300 billion won ($258 million) in Ssangyong Motor Co. as part of its...

Hyundai Motor ships fuel cell system to non-automotive European startups

Hyundai Motor Co. has exported its fuel cell system to non-vehicle startups in Europe, expanding its hydrogen business beyond the automobile industry,...

Hyundai Motor wins temporary nod to send staff to Beijing bases

The Hyundai Motor Group will operate three chartered flights to dispatch its employees to Beijing Sept. 3 and Sept. 4, after winning temporary approva...

Hyundai Motor aims to launch world’s first commercial robotaxi

Hyundai Motor Co. is aiming to launch the world’s first commercial robotaxi, or Level 4 autonomous driving with no humans involved, as global au...

Hyundai Motor and Aptiv christen autonomous driving JV 'Motional'

Hyundai Motor Group and Aptiv unveiled the name of its autonomous driving joint venture on August 12: Motional. The two companies entered into the joi...

India’s Mahindra willing to give up management rights in Ssangyong Motor

India’s Mahindra and Mahindra Ltd., with a 75% stake in South Korea’s Ssangyong Motor Co. Ltd., has expressed its intention to give up man...

Hyundai Motor, LG to unveil jointly developed future car interior concept next month

Hyundai Motor Co. and LG Electronics Inc. have jointly developed the interior concept of a future car, further consolidating their cooperation in self...

Market view on Hyundai Motor takes a turn after Q2 earning surprise

The market's perception of Hyundai Motor Company has taken a turn, from considering the Korean automaker as a value stock to seeing it as a growth sto...

Korean Air may sell core assets estimated at $2.4 bn to ease cash crunch

Hanjin Group, parent of Korean Air Lines Co. Ltd., is considering selling three core businesses of the carrier -- in-flight meal service, mileage prog...

Elliott sells off over $1 bn shares in Hyundai Motor, two affiliates in two yrs

Elliott Management Corp. has disposed of all its shares in three key units of the Hyundai Motor Group, currently worth $1.5 billion, after its nearly ...

Hyundai Motor hires Goldman, top law firm to fend off Elliott’s reform call

Hyundai Motor Group has bolstered the roster of its advisors with the addition of Goldman Sachs and US law firm Latham & Watkins LLP to step up fi...

Rockpoint’s core-plus, value-added fund may draw $380 mn from Korean investors

South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely ...

[Interview] ING Life Korea seeks equity investments in US, Europe core real estate

ING Life Insurance Korea Ltd. sees core office buildings and infrastructure in the US and Europe remaining as attractive targets even in the periods o...

NPS to put $440 mn in Blackstone’s $5 bn core fund

The National Pension Service (NPS) of South Korea will commit 500 billion won ($436 million) to a $5 billion private equity fund that Blackstone Group...

SPIKE. NO EDIT HERE. Hyundai Motor Group to adopt digital twin technology

Hyundai Motor Group plans to adopt digital twin, a technology that allows the automaker to make a digital replica of a real car for simulation not...

S.Korea to allocate 70% of annual R&D budget to 11 core tech areas

The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in 11 core industrial...