Category: Auto Parts

  • Hyundai Motor enters electric car-sharing market

    Hyundai Motor enters electric car-sharing market

    Hyundai Motor is rolling out a car-sharing service alongside Hyundai Capital, with the launch planned for this April, the firm said Tuesday. The first models to be offered will be electric cars, before further expanding, the company said. Hyundai Motor will contribute to the expansion of the eco-friendly car market by introducing car-sharing services, mainly […]

  • Hyundai, Kia flag nearly record-breaking sales in France

    Hyundai, Kia flag nearly record-breaking sales in France

    Hyundai Motor and Kia Motors sold a combined 61,727 automobiles in France last year, just 24 units short of setting a new record, industry data showed Wednesday. The automakers sold a record 61,751 units in 2012, according to state-run Korea Trade-Investment Promotion Agency. Hyundai Motor sold 28,043 units, up 17 percent on-year, while Kia Motors […]

  • Hyundai, Kia warned of ‘hazardous conditions’ at US suppliers before worker's death

    Hyundai, Kia warned of ‘hazardous conditions’ at US suppliers before worker's death

    A worker at an Alabama plant making auto parts for Hyundai Motor and Kia Motors was crushed to death by machinery in June, several months after the automakers were warned of hazardous conditions at their suppliers. David Michaels, assistant secretary of labor for the Occupational Safety and Health Administration, said in a report on the […]

  • Hydrogen taxis hit the road in Ulsan

    Hydrogen taxis hit the road in Ulsan

    The Korean auto industry’s futuristic eco-friendly policies continue to evolve with the first fleet of hydrogen taxis starting operations on Dec. 13. Ten Hyundai Motor Tuscan ix models ― all hydrogen fuel cell cars ― began the test service in the southern coastal city of Ulsan. After the months-long test, Hyundai plans to expand the […]

  • Government confirms Chevy Bolt EV runs 383km with single charge

    Government confirms Chevy Bolt EV runs 383km with single charge

    The Ministry of Environment has certified that the Chevrolet Bolt electric vehicle (EV) has a range of 383.17 kilometers when fully charged. GM Korea said in a press release, Tuesday, that its affiliate brand Chevrolet’s Bolt EV received the official drive range of 383.17 kilometers from the ministry ahead of the model’s sales in Korea […]

  • Hyundai Heavy clinches $700 million deal in Iran

    Hyundai Heavy clinches $700 million deal in Iran

    Hyundai Heavy Industries (HHI) has clinched a $700 million order to build 12 ships for Iran’s state-owned shipping company Islamic Republic of Iran Shipping Lines (IRISL). The deal is expected to provide financial room for the debt-ridden company. According to HHI, Sunday, the nation’s largest shipbuilder signed a deal to build at least eight ultra-large […]

  • Hyundai Motor's Creta, ix25, KX3 SUVs lead overseas sales

    Hyundai Motor's Creta, ix25, KX3 SUVs lead overseas sales

    Strategy models sold exclusively overseas are leading global sales for Hyundai Motor and Kia Motors, amid declining demand and domestic sales. According to sources Monday, Hyundai Motor’s ix25 and Creta, and Kia Motors’ KX3 small-size sports utility vehicle (SUV) are leading the two companies’ performance with global sales of 250,944 cars in the January to […]

  • Samsung acquires Harman for $8 bil.

    Samsung acquires Harman for $8 bil.

    Samsung Electronics has decided to buy Harman International Industries, a U.S. automotive part supplier for $8 billion, in a bid to secure a next-generation growth engine. The Korean firm held a board of directors’ meeting Monday to approve the all-cash deal, the biggest one in the history of the world’s largest smartphone maker. Korean companies […]

  • Samsung BioLogics to begin IPO process this week

    Samsung BioLogics to begin IPO process this week

    Samsung BioLogics, a contract manufacturer of biologic drugs under Samsung Group, will apply for preliminary approval to begin its initial public offering process this week, the Korea Exchange said Monday. The South Korean drugmaker plans to submit its application to pursue am IPO on the country’s main bourse KOSPI on Thursday, the KRX said. Under […]

  • Korean exporters still face growing protectionism

    Korean exporters still face growing protectionism

    South Korean companies are confronted with growing trade barriers in overseas markets as major economies toughen import rules amid a protracted economic slowdown, industry sources said Wednesday. As of the end of July, South Korean products were affected by 179 anti-dumping measures, safeguards and other import regulations worldwide, according to the sources and the state-run […]