Hyundai Motor Co., South Korea's biggest carmaker by sales, said Tuesday it will resume operations of its plant in Brazil this week following a 10-day suspension amid a global chip shortage. Early this month, Hyundai said it will halt the Piracicaba, Sao Paulo plant from July 5-14 due to lack of semiconductor parts.     "The plant will partially resume production on July 15 with one shift despite the parts shortage (after reducing output by one-third late last month).

Hyundai Motor Co. and its affiliate Kia Corp. are set to report a sharp rebound in operating profit for the second quarter on strong demand for their vehicles that offset output disruptions by semiconductor shortages, analysts said Tuesday. Hyundai and Kia, which together form the world's fifth-biggest carmaker by sales, are expected to have posted operating profits of 1.86 trillion won ($1.6 billion) and 1.34 trillion won, respectively, for the quarter ended June 30, according to a median for

South Korea has been known as a tough market to crack for global compact car brands. But that’s not the case for BMW Group’s Mini. Since its debut in Korea in 2005, the premium compact car brand under BMW has posted steady growth rates each year. In 2019, sales volume hit 10,000 units -- a major milestone for foreign car brands here. Last year, the figure grew more than 10 percent from the previous year. Its latest lineup -- the New Mini Family -- consists of three models, the

Airline to bleed billions to see through major acquisition deal over the next two years

South Korea’s largest airline accused of discriminating against foreign pilots for past 16 months

SsangYong Motor, a debt-ridden automaker, decided to sell the site of its plant in Pyeongtaek as part of self-rescue efforts, the local government said Saturday.    The company has been under court receivership since April, as its Indian parent, Mahindra & Mahindra, failed to secure a buyer for its 75 percent stake in the automaker.    The city government of Pyeongtaek, 70 kilometers south of Seoul, said it has signed a memorandum of understanding with the court-appoin

Genesis’ first EV variant based on premium sedan G80 launches at the price of 82.8 million won

Hyundai Motor will work with other firms to utilize its car-making expertise and technology for the development of a hydrogen fuel cell system for ships, the Korean automaker said Thursday. Hyundai Motor has signed a memorandum of understanding with Hyundai Global Service and the Korean Register of Shipping, a non-profit ship classification body, to jointly develop an FC system package for ships using the Polymer Electrolyte Membrane Fuel Cell that is used in cars. The partnership also aims

Genesis, the independent luxury brand of Hyundai Motor Co., said Wednesday it launched the electrified G80 midsize sedan in South Korea, debuting its first electric model. The luxury electric sedan looks similar to the G80, but an electric socket in the front grille gives it a distinct identity as an EV. The G80 EV packs an 87.2 kilowatt-hour battery and can travel up to 427 kilometers on a single charge, Genesis said. The sedan, only available with all-wheel drive, is capable of producing

Foreign car brands will introduce at least 54 electric vehicle models here by 2023, South Korea’s imported car association said Tuesday. New executives and board members of the Korea Automobile Importers & Distributors Association noted a clear shift of the industry paradigm toward electrification at their first press conference since their inauguration last year, saying foreign players will be adding momentum to that by presenting more electricity-powered vehicles. “For me

As South Korean automakers move to embrace the trend shift for eco-friendly vehicles, they face difficulties in narrowing differences with labor unions seeking wage increase and job protection. The labor union of Hyundai Motor, the country’s leading automaker, said it is set to vote to strike Wednesday, after failing to reduce the gap in this year’s collective bargaining negotiations. In the 13th round of negotiations held this year, Hyundai Motor management suggested a proposal

LG Group’s material and components maker LG Innotek has been recognized for the quality of its auto parts supplied to General Motors, the company said Tuesday. The South Korean firm received the 2020 GM Supplier Quality Excellence Award, marking its fourth consecutive win dating to 2017. GM recognizes partners that meet standards of zero quality defects and strict quality control for automotive components with the award, as quality control is directly related to the safety of drivers,

Kia’s Predictive Gear-shift System comes as fresh drive assistance feature, offering comfortable riding experience

Hyundai Motor Co. said Monday it will begin the sale of the Staria minivan in Thailand this week as it strives to increase its presence in Southeast Asian markets. Hyundai also plans to begin introducing the Staria minivan in Vietnam, Malaysia and Indonesia in the third quarter, a company spokesman said. Last year, Hyundai sold about 4,000 vehicles in Thailand and most of the vehicles were the Starex minivan. The Starex minivan is no longer in production. The maker of the Sonata sedan and t

Volvo recently unveiled a concept car that shows where the automaker is going in its electrification drive. The Volvo Concept Recharge, which the firms described as “a manifesto for the next generation of all-electric Volvos,” introduces a host of improvements in car design, functionality and safety features. They include a much roomier interior made possible by the removal of the internal combustion engine and the adoption of the flat floor. By replacing a battery pack under the