Hyundai Motor's labor union initiated a three-day partial strike on Monday, halting work for two hours per shift. This action stems from a failure to reach a collective bargaining agreement regarding wage negotiations, with the union demanding a larger increase than the company's offer.
Six automakers, including Hyundai, BYD, and Mercedes-Benz, are voluntarily recalling over 146,000 vehicles in South Korea due to defective components. Issues range from instrument cluster errors and seat belt warning obscurities to steering wheel electronics and airbag connector durability problems.
Hyundai Motor Co. reported a 5.9% year-on-year decline in global sales for June, totaling 338,313 vehicles, with both domestic and overseas demand falling. First-half sales also dropped 4.9%, though the company anticipates a gradual recovery driven by new model launches.
Hyundai Motor debuted its eighth-generation Avante compact sedan at the Busan International Mobility Show, featuring a redesigned exterior, AI-powered infotainment, and enhanced safety. The event also showcased new models and concepts from Hyundai's affiliates, Kia and Genesis.
Hyundai Motor launched the eighth-generation Avante compact sedan, featuring a redesigned exterior, AI-powered infotainment, and advanced safety tech. The new model boasts a roomier interior, hybrid powertrain options, and navigation-based Smart Cruise Control.
Hyundai Motor and Kia Corp. saw a combined 2.4% decrease in European vehicle sales in May compared to the previous year, selling 86,444 units. Hyundai's sales fell 18.8%, while Kia's rose 14.9%. For January-May, combined sales are down 2.4%.
Hyundai Motor Co. and Kia Corp. saw significant sales growth in India from January to May, largely due to high demand for their SUV models like the Creta, Venue, Seltos, and Sonet. Hyundai ranked fourth and Kia sixth in the Indian passenger vehicle market.
Hyundai Motor reported a 7.7% year-on-year decline in global sales for May, selling 325,473 vehicles. The decrease was attributed to production disruptions caused by parts supply shortages, with overseas sales down 4.6% and domestic sales down 23.1%.
Hyundai Motor is accelerating its transformation into a future mobility and AI solutions provider, planning mass production of Boston Dynamics' Atlas humanoid robots by 2028 and deployment in its own manufacturing facilities. The strategy aims to integrate AI with physical robots for industrial applications.
Hyundai Motor reported an 8 percent drop in global sales for April, citing production shortfalls and supply chain disruptions. Domestic sales saw a significant 19.9 percent decline, while international sales fell by 5.1 percent.
SEOUL, May 4 (Yonhap) -- Sales of Hyundai Motor Co. and Kia Corp. vehicles in th...
Hyundai Motor unveiled its first all-electric Ioniq model for China, the Ioniq V, at the Beijing auto show. Built on a joint platform with BAIC Group and featuring CATL's battery system, the vehicle aims to help Hyundai rebound in the challenging Chinese market.
Hyundai Motor unveiled its first production model under the Ioniq brand tailored for the Chinese market, the Ioniq V, at the 2026 Beijing auto show Friday. Built on a platform jointly developed with BAIC Group and featuring a battery system from CATL, the EV offers over 600 km range and advanced driver assistance. Hyundai plans to launch 20 new models in China over the next five years, targeting annual sales of 500,000 units.
Hyundai Motor reported a 23.6% drop in Q1 net profit to 2.58 trillion won, missing year-ago levels due to US auto tariffs and rising raw material costs. Tariff-related costs totaled 860 billion won. Operating income fell 30.8% but sales rose 3.4% to 45.93 trillion won, beating analyst expectations of 2.43 trillion won. The automaker saw record hybrid sales and increased market share.
SEOUL, April 23 (Yonhap) -- Hyundai Motor Co., South Korea's top automaker, said...
Hyundai Motor reported a 23.6% drop in Q1 net profit to 2.58 trillion won, citing U.S. auto tariffs and rising raw material costs. Tariff-related costs reached 860 billion won. Operating income fell 30.8% to 2.51 trillion won, while sales rose 3.4% to 45.93 trillion won. Global wholesale sales declined 2.5% to 976,219 units.
Hyundai Motor and Kia are forecast to report first-quarter operating profit declines of about 23 percent year-on-year, despite relatively solid sales performance. Hyundai Motor expects 2.78 trillion won in operating profit on 45.89 trillion won in sales, while Kia projects 2.32 trillion won on 29.62 trillion won in sales. The earnings declines are attributed to U.S. tariffs that took effect in April last year and increased warranty provisions due to a weaker Korean won.
SEOUL, April 22 (Yonhap) -- Hyundai Motor Co., Kia Corp. and two other carmakers...
SEOUL, April 21 (Yonhap) -- Hyundai Motor Co. said Tuesday it has signed an agre...
Hyundai Motor unveiled the Ioniq 3, a compact electric hatchback for Europe, at the 2026 Milano Design Week in Italy. The model features Aero Hatch design concept, offers two battery options with ranges of 344 km and 496 km, and will launch later this year, manufactured in Turkey.
