LAS VEGAS -- Hyundai Motor Group Vice Chairman Chung Eui-sun said Sunday that the carmaker is working both with Nvidia, and also with its rival Intel, for the carmaker’s autonomous driving technology.Chung, the only son to Hyundai Motor Chairman Chung Mong-koo, was attending Nvidia’s press conference held in Las Vegas on the sidelines of the Consumer Electronics Show, where the US company announced its partnership with Volkswagen and Uber for self-driving vehicles. Hyundai Vice Chairman Chung Eu

Hyundai VP says carmaker open to M&A opportunities on startups

Hyundai Motor Group promoted Albert Biermann, vice president of the carmaker’s performance development division, to a president-level post, recognizing his role in enhancing the driving dynamics of its luxury brand Genesis on par with other premium carmakers, the company said Friday.  Albert Biermann (Hyundai Motor)Biermann is the second foreign expert to be named as a president, after the South Korean carmaker appointed Peter Schreyer, former Audi designer, as the president of Hyundai-Kia desig

Head of Mahindra racing team says it is in talks with South Korean companies for battery development

Hyundai Motor has partnered with the US startup Aurora, which develops sensors and software for autonomous vehicles, with a plan to commercialize a level-four self-driving system by 2021, the South Korean carmaker said Thursday.Hyundai MotorThis is the first partnership that Hyundai has formed for the development of a self-driving system, marking a shift in the company’s previous strategy of developing the system on its own, officials said.The project between the two will be announced at the Con

The construction of Hyundai Motor’s 596-meter Global Business Center in southern Seoul has run into a new problem with the Ministry of National Defense raising safety concerns.Talks between the Seoul Metropolitan Government and the Defense Ministry over whether to conduct flight safety and radio wave evaluations of the 105-story building took place earlier this week, the government said Thursday.The latest discussion was arranged by the Ministry of Land, Infrastructure and Transport to address c

SsangYong Motor, the local unit of India’s Mahindra & Mahindra, has released its first upgraded Korando Turismo minivan in five years to tackle the Korean market, the company said Wednesday.“The new Korando Turismo comes with a SUV-like design, equipped with enhanced smart features to satisfy drivers,” said Lee Seok-woo, a marketing manager at SsangYong Motor, during an unveiling event in eastern Seoul.“We plan to tackle the local minivan market through active promotional events.” SsangYong Moto

Socar, operator of a South Korean vehicle-sharing app, has entered Malaysia, seeking to expand into Southeast Asian countries, the company said Wednesday.This marks the first time that a Korean ride-sharing service has ventured overseas.“There is high growth potential for car-sharing in Malaysia, where car-sharing is a rather unfamiliar service. Like Korea, the population density in Malaysia is very high,” Socar said in a statement.Socar has set up 120 Socar zones and is offering some 240 vehicl

Hyundai Motor and Kia Motors set their combined sales target for this year at 7.55 million units on strengthened regional management and new models released, the company said Tuesday. By company, Hyundai Motor will aim to sell 701,000 vehicles at home and 3.9 million overseas, totaling 4.6 million units worldwide, according to the Data Analysis, Retrieval and Transfer service under the Financial Supervisory Service. Kia Motors has set its goal at 2.8 million vehicles worldwide by selling 520,000

A recent trend in South Korea’s auto industry is the rise in demand for pre-owned vehicles certified by import carmakers largely due to surging overall sales of the sector.Certified pre-owned vehicles are used vehicle that have been inspected, approved and guaranteed by the manufacturer, and the concept has worked to break the stigma of poor quality attached to used cars, boosting popularity of such vehicles here. “As import car sales continue to increase, more import carmakers will start CPO pr

Amid company restructuring led by creditors, Kumho Tire has officially separated from Kumho Asiana Group, the company said Friday.“Based on the Monopoly Regulation and Fair Trade Act, Kumho Tire has become a separate affiliate from Kumho Asiana Group,” the company said.The tire maker had filed for separation from Kumho Asiana Group to the Fair Trade Commission last month.Kumho Tire has also postponed wage and allowance payments for December, according to a notice sent by Kumho Tire Chairman Kim

Hyundai Motor Co. and several foreign automakers will voluntarily recall nearly one million vehicles to fix faulty parts, the transport ministry said Thursday.Hyundai Motor's recall -- set to begin on Jan. 4 -- affects 510,265 units of the Sonata NF built between Jan. 5, 2004 and Dec. 12, 2013, the Ministry of Land, Infrastructure and Transport said.The ministry said 405,018 units of Grandeur TG sedans produced between Sept. 23, 2004 and Dec. 10, 2010 are also subject to the voluntary recall mov

The state-run Korea Road Traffic Authority (KoROAD) has introduced a driving test that uses a head-up display for the hearing impaired, it said Tuesday. The head-up display, or HUD, refers to technology that projects navigation information onto the windshield. It is often installed in vehicles to boost driver’s safety and convenience.Before the introduction of the latest system, a tester seated on the passenger seat had to manually give directions to a hearing-impaired applicant, KoROAD said.  A

Land Rover Korea is poised to top the country’s sport utility vehicle market based on its unique driving performance and luxury brand image.Rapidly expanding its presence, the SUV powerhouse ranked No. 3 among import carmakers by monthly sales this September, selling 1,323 units. Riding on the popularity of its all-new Discovery premium family SUV and the Range Rover Velar midsize SUV released this summer, as well as the steady-selling Discovery Sports midsize SUV, Land Rover Korea has sold 9,28

SsangYong Motor, the local unit of India’s Mahindra & Mahindra, will start 2018 by re-entering the lucrative Sudanese market after eight years, seeking to expand its market share in Africa, the company said Friday. The decision came after the US lifted economic sanctions against Sudan in October 2016 after some 20 years.Starting with the Korando Sports pickup truck, which will go be called Actyon Sports there, and the Korando Turismo multipurpose vehicle, the company plans to export some 2,400 u