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The Korea Herald

Automobiles

November 15, 2018
Hyundai Motor invests in US drone firm

[THE INVESTOR] Hyundai Motor said on Nov. 15 it has invested in a US unmanned aerial vehicle company to jointly develop new products. In the investment, Hyundai Motor and Top Flight Technologies will jointly seek business opportunities in the global high-end aerial drone market, the company sa...
November 14, 2018
SK Innovation mulls car battery plants in US, Europe

[THE INVESTOR] SK Innovation said on Nov. 14 that it is considering building electric vehicle battery plants in the United States and Europe to meet growing demand for zero-emissions cars. SK Innovation said up to four unidentified areas have been shortlisted for its first plant in the US and ...
November 14, 2018
US hedge fund Elliot renews pressure on Hyundai

[THE INVESTOR] US activist hedge fund Elliott Management ramped up its pressure on Hyundai Motors on Nov. 13 demanding to return excessive capital of 16 trillion won (US$14.12 billion) to shareholders and sell non-core assets. In an open letter to Hyundai Motor and its affiliates Kia Motors and H...
November 13, 2018
Hyundai, Vodafone sign deal for connected car services in Europe

[THE INVESTOR] The eight countries are Britain, Germany, France, Spain, Italy, Norway, Sweden and the Netherlands. Hyundai Motor Group has already launched connected car services in Korea, the United States, Canada and China under partnerships with local IT firms. The connected car services wi...
November 13, 2018
Hyundai Motor shares fall below W100,000

[THE INVESTOR] Hyundai Motor shares fell below the 100,000 won mark on Nov. 13 morning, for the first time in nine years since December 2009 amid another rating cut and possible US tariffs on imported cars. The shares began trading at 99,900 won weighed down by earlier media reports that US Presi...
November 13, 2018
GM Korea to launch upgraded Malibu sedan this month

[THE INVESTOR] GM Korea said on Nov. 13 it will launch an upgraded Malibu sedan in the domestic market later this month. The face-lifted Chevrolet midsize passenger car will be powered by either a gasoline or diesel engine and will go on sale on Nov. 26, the company said in a statement. Cu...
November 11, 2018
Hyundai Motor heir touts hydrogen as ultimate clean energy

[THE INVESTOR] Amid Hyundai Motor’s efforts to capitalize on its fuel cell electric vehicles, its Chief Vice Chairman Chung Eui-sun zoomed in on hydrogen energy as a key economic and social solution for clean mobility at a forum in Singapore last week, the company said on Nov. 11. “The report ...
November 09, 2018
Hyundai names flagship SUV Palisade

[THE INVESTOR] Hyundai Motor said on Nov. 9 it has officially named its 2020 flagship SUV Palisade, with a plan to debut it at the Los Angeles Auto Show later this month. The all-new SUV is named after the Pacific Palisades, an affluent and beautiful neighborhood in Southern California, Hyunda...
November 08, 2018
Hyundai raises stake in ride-hailing firm Grab

[THE INVESTOR] Hyundai Motor Group said on Nov. 8 it has raised its stake in Southeast Asian ride-hailing firm Grab, by investing US$250 million, its second round of investment after 28.40 billion won (US$25 million) in January. Founded in 2012, Grab is the third-largest ride-hailing app followin...
November 08, 2018
Hyundai G90 teaser image unveiled ahead of launch

[THE INVESTOR] Hyundai Motor on Nov. 8 unveiled the teaser image of the G90 flagship sedan under the independent brand Genesis ahead of its domestic launch later this month. The G90 sedan is a face-lifted model of the EQ900. The EQ900 was launched in 2015 as successor to Hyundai’s Equus sedan...
November 07, 2018
Mercedes-Benz expands R&D center in Korea

[THE INVESTOR] Mercedes-Benz Korea said on Nov. 7 it has expanded its research and development center in Seoul, making it into its Asian hub for developing autonomous and connected vehicles. The Mercedes-Benz R&D Korea Center will focus on developing autonomous-driving technology related to a ...
November 07, 2018
Hyundai, Kia to invest US$250m in ride-hailing firm Grab

[THE INVESTOR] Hyundai Motor and its affiliate Kia Motors announced on Nov. 7 that they will invest 284 billion won (US$250 million) for stake in Southeast Asian ride-hailing firm Grab. Under the stake investment, Hyundai will provide the initial volume of 200 electric vehicles to Grab early n...
November 06, 2018
Hyundai mulls launching N Brand in China

[THE INVESTOR] Hyundai Motor said on Nov. 6 that it is considering launching its high-performance N Brand vehicle in China in the latest move to boost its presence in the world’s biggest automobile market. Hyundai said there are new opportunities in China, a fast growing market for performanc...
November 06, 2018
Hyundai, Kia likely to miss sales target this year

[THE INVESTOR] Hyundai Motor and sister Kia Motors are expected to undershoot their sales target this year in light of weak track records so far, industry sources said on Nov. 6. The Korean carmakers sold a combined 6.09 million vehicles in the first 10 months of this year, or 80.7 percent of ...
November 05, 2018
Imported car sales jump 24% in Oct.

[THE INVESTOR] Korea’s imported vehicle sales jumped 24 percent in October from a year earlier on high demand for new models, industry data showed on Nov. 5. The total number of newly registered foreign vehicles climbed to 20,813 last month from 16,833 a year ago, the Korea Automobile Importe...

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