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The Korea Herald

Automobiles

March 10, 2019
Glass Lewis backs Hyundai Motor against Elliott in dividend dispute

US proxy adviser Glass Lewis has stepped up its support for Hyundai Motor Group in its battle against Elliott over the issue of dividend payouts, officials said on March 10. While urging shareholders to vote against Elliott’s dividend proposal, the adviser also favored the three nonexecutive d...
March 10, 2019
Hyundai joins govt-led hydrogen charging infra SPC

Hyundai Motor has joined a government-led special purpose company to establish viable hydrogen charging infrastructure by 2022, the company said on March 10. Korea Gas Corp., Hyundai, Air Liquide Korea and 10 other companies have set up Hydrogen energy Network, or HyNet, to build 100 hydrogen c...
March 07, 2019
Kia launches upgraded Niro hybrid models

Kia Motors on March 7 launched the upgraded Niro hybrid model to strengthen its lineup. The facelifted Niro gasoline hybrid and plug-in hybrid models come with more safety features, including lane following assist, highway driving assist, and smart cruise control with stop and go, Kia said in a...
March 05, 2019
SsangYong Motor unveils extended SUV lineup in Geneva

SsangYong Motor on March 5 showed off its extended SUV lineup at the Geneva Motor Show in a bid to woo European customers. Korea’s smallest carmaker said its all-new compact Korando, flagship G4 Rexton, Rexton Sports Khan -- the stretched version of the Rexton Sports -- and compact SUV Tivoli ...
March 04, 2019
Hyundai forms consortium to set charging standards for FCEVs

Hyundai Motor has formed a consortium with five global companies to develop hydrogen charging standards for commercial fuel cell electric vehicles, the company said on March 4. Last week, Hyundai signed an initial pact with French industrial gas supplier Air Liquide, Norway’s hydrogen charging...
March 04, 2019
Hyundai, Kia sales edge up in Feb.

Hyundai Motor said on March 4 its sales inched up 0.3 percent last month from a year earlier on higher domestic demand. The carmaker sold 313,172 vehicles in February, up from 312,268 units a year earlier, the company said in a statement. Domestic sales climbed a solid 6.4 percent to 53,406...
March 04, 2019
SsangYong Motor’s sales rise in Feb.

SsangYong Motor said on March 4 its sales rose 4.3 percent last month from a year earlier on growing demand for sport utility vehicles. The carmaker sold 9,481 vehicles in February, up from 9,090 units a year earlier, helped by robust demand for the Rexton Sports and Rexton Sports Khan SUV, the...
March 04, 2019
Hyundai develops smartphone-based digital key

Hyundai Motor Group has developed a digital key available on smartphones, with a plan to gradually apply the “smartphone key” to upcoming models, the company said on March 4. The technology is aimed at enhancing consumer convenience in the era of car-sharing economy, Hyundai Motor Group said ...
March 04, 2019
LG Chem mulls 2nd EV battery plant in Europe

LG Chem is considering a second plant in Europe to meet growing demand, industry sources said on March 4. The company already has an electric vehicle battery production plant in Poland. In November, LG Chem decided to invest 651 billion won (US$577 million) in its Polish battery plant to expand...
February 28, 2019
Hyundai to spend W45tr over next 5 years

Hyundai Motors said on Feb. 27 it plans to invest 45 trillion won (US$40 billion) in developing new models and technologies for vehicles over the next five years, mainly to boost shareholder value. The carmaker publicized its mid- and long-term management plans and financial strategies at the “CE...
February 28, 2019
Hyundai, Kia to install drive video record system in new models

Hyundai Motor and its affiliate Kia Motors said on Feb. 28 that they will install drive video record systems in upcoming new models to enhance customer convenience. The DVRS will allow drivers to check recorded videos in the audio, video and navigation system built in a vehicle’s cockpit module a...
February 27, 2019
Hyundai rejects Elliott’s dividend calls

Hyundai Motor has turned down demands by US activist fund Elliott Management for dividends worth 8.3 trillion won (US$7.40 billion) from the carmaker and its affiliate Hyundai Mobis. On Feb. 26, the Korean automaker said in a regulatory filing that it cannot accept the request, as it would cause a...
February 26, 2019
Korea plans road map for ‘hydrogen economy’

Korea is planning a road map to build a so-called hydrogen economy as part of a broader plan to increase the number of hydrogen-powered vehicles on its roads, the government said on Feb. 26. The Ministry of Science and ICT said a combined 100 officials from six ministries and other experts from th...
February 26, 2019
SsangYong launches Korando SUV to boost sales

SsangYong Motor on Feb. 26 launched an all-new compact SUV to boost sales. The Korando SUV is a full-change model of the eight-year-old Korando C. It comes with an upgraded 1.6-liter diesel engine mated to a six-speed automatic transmission, the company said in a statement. SsangYong Motor has in...
February 25, 2019
Hyundai Wia wins W840b engine order in China

Hyundai Wia Shandong, a Chinese unit of Hyundai Wia, said on Feb. 25 that it has received a 840 billion-won (US$750 million) auto parts order from a Chinese carmaker. In the deal, Hyundai Wia Shandong will provide 2.0-liter gasoline turbo engines for 300,000 large sport utility vehicles produced b...

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