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Hyundai Motor Group's joint venture Motional announced staff reductions and a two-year delay to its driverless taxi service plans last week, following the group's 1.29 trillion won ($941 million) injection into the startup earlier this month , reflecting growing industry pessimism about the viabi...
Hyundai Motor Group will invest 1.29 trillion won ($946 million) in Motional, a US-based autonomous driving startup, to boost technological development and secure stable control of the startup, the Korean auto conglomerate said Friday. Hyundai Motor will spend 663 billion won in capital increase a...
Hyundai Motor Company is looking to spearhead the hydrogen-powered truck business in the United States as the Korean automaker welcomed the official launch of NorCAL ZERO Project, a pro-environment initiative using the company's hydrogen fuel cell technology to bring zero-emission freight transport...
Mercedes-Benz Financial Services Korea announced Thursday that Thomas Waggershauser, an automotive finance expert, has been appointed as its new CEO. The new Korea chief is an industry veteran with a career spanning 20 years at Mercedes-Benz Mobility, the financial service company affiliated with ...
Hyundai Motor Company announced Tuesday its commitment to cultivating global talent through a summer internship program designated for international students in Korea, fostering the company’s cultural inclusivity and global market presence. This marks the first time Hyundai Motor has openly recru...
Hyundai Motor Group on Wednesday unveiled a slew of new vehicles at the 2024 Beijing International Automotive Exhibition, ramping up efforts to boost its sluggish presence in the world's largest automotive market. At the Beijing Auto Show, one of the biggest motor shows that has returned in-person...
Hyundai Motor Group has reiterated the importance of India and reaffirmed its commitment to the burgeoning market as its chief visited the world’s most populous country earlier this week. “India, one of the regions that has contributed the most to the growth of Hyundai Motor Group, has overcome ...
The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilize the country as a key export hub for the South Korean automaker, the group said Thursday. Chung Euisun, Hyundai Motor Group's executive chair, visited the group's Indian headquar...
Hyundai has focused significantly on the sensory experience within the cabin, integrating high-strength subframe members, comprehensive sound-absorbing materials, and double-laminated acoustic glass to ensure a tranquil environment. Advanced features such as a hydraulic rebound stopper (HRS) and ra...
Hyundai Motor said Wednesday it has launched a new commercial electric delivery vehicle model with expanded functionality that can be tailored to various business services and solutions. The ST1 has been released in two variants -- the ST1 Cargo and ST1 Cargo Refrigerated -- and can be expanded in...
By Moon Joon-hyun ( mjh@heraldcorp.com ) The Korea Herald
Hyundai Motor Group has inked a 147-megawatt power purchase agreement with Matrix Renewables, a Spanish renewable energy company, to power its electric vehicle plant currently under construction in the state of Georgia, the Korean auto conglomerate said Monday. According to Hyundai Motor, the deal...
BMW Group Korea on Monday opened its renewed research and development (R&D) center in South Korea equipped with cutting-edge automobile testing equipment, as the German auto giant tries to expand its presence in the country's fast growing imported car market. The company held an opening ceremony f...
Hyundai Motor Group said Monday it has signed a 174- megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led S...
The driving experiences on the Honda CR-V Hybrid 4WD Touring and Honda Accord Touring included urban streets, highways and winding roads. The former, a sports utility vehicle, and the latter, a sedan, offered pretty similar experiences throughout the test ride. Both vehicles offered comfortable dr...
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