LOS ANGELES -- South Korea's leading automaker Hyundai Motor Co. saw its US sales drop nearly 9 percent in February from a year earlier due to bad weather, company data showed Tuesday. Hyundai Motor sold 48,333 vehicles last month, down 8.8 percent from a year earlier, according to the data from Hyundai Motor America, the firm's US subsidiary. Sales to general consumers fell 2 percent on-year, and those to companies and rental car providers plunged 47 percent. Hyundai Motor said this year's F

Hyundai Motor has filed a request to the Fair Trade Commission to change the company’s leader from honorary chairman Chung Mong-koo to his son Chung Euisun, according to industry sources Tuesday. If the FTC accepts the request, the corporation would get its first new chief in 21 years. Every May, the FTC releases a list of major conglomerates with aggregate value over 5 trillion won ($4.4 billion), and also those valued at over 10 trillion won and subject to mutual investment restricti

Hyundai Motor Group began construction of its first overseas fuel cell system plant in China, holding a virtual ground breaking ceremony on Tuesday. HTWO Guangzhou is the automaker’s first foreign plant producing fuel cell systems, and the construction is expected to be complete by the second half of 2022. HTWO is the group’s fuel cell system brand. The ceremony to market the official start of the construction work connected officials at Hyundai Motor Studio Goyang in Gyeonggi P

Mercedes-Benz Korea on Tuesday added its most luxurious SUV model to the lineup to gain a bigger share in the South Korean market. The German carmaker has launched the Mercedes-Maybach GLS 600 4MATIC SUV equipped with a twin-turbo, 4.0-liter V8 M177 engine at 257 million won ($230,000), the company said in a statement. "The new Mercedes-Maybach GLS is a fascinating model that will draw the attention of customers who want a high-end SUV. We will continue to provide the best products this

Hyundai Motor Co.'s preorders of its IONIQ 5 all-electric model in Europe showed a solid start, with the carmaker selling 3,000 units in advance orders. According to Hyundai's affiliates in Europe, about 10,000 people applied to buy the electric car in preorders for the IONIQ 5, the first model embedded with Hyundai's own EV-only electric-global modular platform (E-GMP). The move is likely to help Hyundai and its affiliate Kia Motors increase sales of electric cars in Europe. Last week, Hyund

Hyundai Motor Co.'s IONIQ 5 all-electric model is receiving strong responses in the domestic market, with its first-day preorders exceeding 23,000 units, the country's top automaker said Friday. Hyundai started receiving orders for the IONIQ 5 midsize crossover utility vehicle Thursday well ahead of the model's launch in the domestic market in the second quarter, the company said in a statement. Preorders for the IONIQ 5, the first model embedded with Hyundai Motor Group's own EV-only electri

SUV brand Jeep said on Thursday it will launch a drive-thru event next month to celebrate the company’s 80th anniversary. The American carmaker, founded in 1941, will kick off the event on March 3 along with a limited-edition release of six of its models to mark the occasion. The brand’s signature vehicles will also be put on display for 10 days in the Seongsu-dong neighborhood in Seoul. During the event, customers will have a chance to enjoy consultation services as well as partic

T'way Air, a South Korean low-cost carrier, on Thursday reported widened losses last year due to the coronavirus' impact on the airline industry. Net losses deepened to 137.87 billion won ($124 million) in 2020 from 43.21 billion won a year earlier, the company said in a regulatory filing. Operating losses also widened to 174.31 billion won last year from 19.24 billion won the previous year. Sales fell 66 percent to 269.22 billion won from 810.45 billion won over the cited period, it said.

South Korean automaking giant Hyundai Motor Group said Thursday it has earned the most Top Safety Pick awards from the Insurance Institute for Highway Safety (IIHS). Hyundai Motor Co., Hyundai's independent brand Genesis and affiliate Kia Corp. received 12 Top Safety Pick (TSP) and five Top Safety Pick+ (TSP+) ratings from the IIHS in its latest round of crash-testing evaluations, a Hyundai spokesman said. Hyundai's Palisade SUV and Nexo hydrogen fuel-cell electric vehicle, Kia's K5 sedan and

Transport Ministry says defective batteries probably caused fires; LG Energy Solution disagrees

Operator of Incheon Airport also pledges support to keep struggling duty-free businesses afloat

Incheon Airport will roll out speedy coronavirus tests from next month, cutting down the process from seven hours to two or four hours. The new loop-mediated isothermal amplification -- or LAMP-type -- rapid PCR tests, which have been approved by the Ministry of Food and Drug Safety, can take as little as two hours to show the result and have been recommended for passengers with no symptoms traveling abroad, the Incheon International Airport Corp. said Tuesday. Negative results from rapid PCR

Latest model signals new chapter for Korean carmaker with exclusive platform

South Korea's two biggest carriers -- Korean Air Lines Co. and Asiana Airlines Inc. -- said Monday they will ground all Boeing 777 passenger jets following a recent engine failure incident in the United States. A B777-200 plane suffered an engine failure after taking off for Honolulu on Saturday (local time), with an engine cowling and other parts from the plane found to be scattered on the ground in Denver, according to foreign media reports. The United Airlines, Inc. flight reportedly landed

Asiana Airlines said on Monday it has converted two of its Airbus A350-900 passenger aircrafts to cargo planes as it seeks to expand its freight business. The move will give the airline an additional 23 tons of space to carry cargo per plane, bringing its air cargo fleet to a total of four. Two other passenger planes were converted last year. In a statement, the airline boasted last year’s record breaking sales from its cargo business reached 2.14 trillion won ($1.9 billion), up 64 perce