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The Korea Herald

Automobiles

November 05, 2018
Kia launches mobile app to enhance customer service

[THE INVESTOR] Kia Motors on Nov. 5 launched a mobile application to enhance customer services ranging from car purchases to used car sales. The KIA VIK mobile app allows Kia customers to check prices of Kia vehicles, test drive the vehicles they are considering buying, look up their vehicles‘...
November 04, 2018
[INTERVIEW] Future of mobility is on auto companies

[THE INVESTOR] DAEGU -- Software technologies applied to vehicles by tech companies have been unnerving traditional carmakers in recent years, stoking fears that they might lose their exclusivity in the auto industry. But such a scenario is not likely to happen, according to a British expert on co...
November 04, 2018
Hyundai’s Genesis models surpass 200,000 units in global sales

[THE INVESTOR] Sales of Hyundai Motor Co.‘s premium Genesis marque have surpassed a cumulative 200,000 units three years after its official launch, industry data showed on Nov. 4. According to the data, the total sales of Genesis vehicles reached 206,882 as of the end of October, touching the...
November 01, 2018
Most domestic carmakers see sales growth in Oct.

[THE INVESTOR] Most domestic carmakers showed positive sales performance last month, according to their latest data on Nov. 1. Hyundai Motor saw its October sales rise 0.9 percent from a year. It sold 408,160 vehicles last month, up from 404,321 units a year earlier, the company said in a stat...
November 01, 2018
S&P downgrades ratings of Hyundai, Kia

[THE INVESTOR] Standard & Poor’s Global Ratings downgraded its ratings for Hyundai Motor and sister firm Kia Motors on Oct. 31, a week after Korea’s largest carmaker saw its third-quarter profit plunge by two-thirds. The agency has cut their ratings by one notch, from A- to BBB+, saying “their...
October 31, 2018
Hyundai develops solar charging system for vehicles

[THE INVESTOR ] Hyundai Motor Group said on Oct. 31 it has developed a solar charging system for vehicles in its ongoing effort to reduce carbon dioxide emissions. The solar charging system, which will be installed on the roof of a vehicle, will help gasoline-powered, electric and environment-...
October 30, 2018
Korea’s passenger car exports down in Q3

[THE INVESTOR] Korea’s exports of passenger cars declined in the third quarter from a year earlier due to sluggish demand in major markets, including the United States, data showed on Oct. 30. A total of 550,000 passenger cars worth US$8.1 billion were shipped abroad in the July-September per...
October 29, 2018
R&D separation is for ‘long-term ties to Korea’: GM CEO

[THE INVESTOR] General Motors Korea’s decision to build a separate research and development unit will strenthen its long-term ties with Korea, GM CEO Mary Barra said on Oct. 29. GM Korea’s labor union recently sent a letter to the CEO demanding a meeting to clear up speculations around the c...
October 29, 2018
Hyundai to set up US$100m hydrogen fund in China

[THE INVESTOR] Hyundai Motor has partnered with a Chinese institute to set up a US$100 million fund for local investments in hydrogen technologies and related industrial infrastructure, the company said on Oct. 29. Hyundai Motor and the Beijing-Tsinghua Industrial R&D Institute have kicked off...
October 26, 2018
Hyundai Mobis’ net profit falls 7% in Q3

[THE INVESTOR] Korea’s leading auto parts maker Hyundai Mobis said on Oct. 26 its net profit fell 6.8 percent in the third quarter from a year earlier on the won‘s strength and recall-related costs. Net profit for the three months ending on Sept. 30 fell t 449.65 billion won (US$394 million)...
October 26, 2018
Kia swings to black in Q3

[THE INVESTOR] Kia Motors said on Oct. 26 it swung to a net profit in the third quarter from a year earlier due to a low base effect. For the three months ending Sept. 30, Kia posted a profit of 297.74 billion won (US$262 million) from a net loss of 291.77 billion won a year ago, the company s...
October 26, 2018
SsangYong Motor’s net loss widens in Q3

[THE INVESTOR] SsangYong Motor said on Oct. 26 its third-quarter net loss widened compared to a year earlier on weak exports. Net loss for the July-September quarter deepened to 18.23 billion won (US$160 million) from 17.69 billion won the previous year, the company said in a statement. “...
October 25, 2018
Hyundai Motor’s net profit plunges 67% in Q3

[THE INVESTOR] Hyundai Motor said on Oct. 25 its third-quarter net profit plunged 67 percent from a year earlier due to the strong won and US recall costs. Net profit for the three months that ended on Sept. 30 fell to 305.95 billion won (US$269 million) from 939.18 billion won a year earlier,...
October 25, 2018
Hyundai Nexo wins 5-star rating in Euro NCAP testing

[THE INVESTOR] Hyundai Motor said on Oct. 25 that its Nexo hydrogen fuel-cell electric car received a five-star overall rating from the European New Car Assessment Program. The Nexo is equipped with active safety and driving assistance technologies, which significantly lower the risk of collis...
October 24, 2018
Hyundai Mobis develops advanced headlamp system

[THE INVESTOR] Hyundai Mobis said on Oct. 24 it has developed an advanced headlamp system that can generate demand in overseas markets. The advanced adaptive driving beam headlight system allows wide visibility for drivers by enabling a vehicle to be driven with high-beams all the time while a...

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