Hyundai Motor Group has once again triumphed at the 2024 World Car Awards, with its vehicles being named World Car of the Year, World Electric Vehicle, and World Performance Car of the Year. The World Car Awards is an annual event organized by automotive journalists globally to honor excellence in the car industry across multiple categories. This accolade marks the third consecutive victory for Hyundai Motor Group in the World Car of the Year and World Electric Vehicle of the Year categories, be

Porsche on Tuesday launched the new Panamera in the Korean market. The third-generation sporty sedan boasts the new plug-in hybrid model equipped with the newly developed electric motor and revised four-liter V8 turbo engine. The upgraded hybrid powertrain can create a system output of up to 650 horsepower. With the advanced battery, the new plug-in hybrid vehicle can drive up to 91 kilometers on a single charge. The prices of the new Panamera 4 and Panamera Turbo E-Hybrid begin at 176.7 million

Hyundai Motor, South Korea's leading automaker, said Monday its monthly sales fell 3.7 percent in March from a year earlier due to sluggish demand in its home market. Hyundai Motor sold 369,132 vehicles last month, down from 383,396 units a year ago, the company said in a statement. Domestic sales sank 16.1 percent on-year to 62,504 units last month, and exports edged down 0.7 percent to 306,628 units during the cited period. Hyundai Motor said it sold 15,302 sedans, including 6,100 Grandeu

New country chief emphasizes regaining customer trust

INJE, Gangwon Province -- “(Other carmakers) are worried when (they) see snow and rain, but we love it, and I think we’re going to have a great day,” said Robin Colgan, managing director of Jaguar Land Rover Korea, as he greeted reporters taking part in the automaker’s test drive for the 2024 all-new Defender in Inje, Gangwon Province, on Tuesday. As the 48-kilometer test drive for the JLR’s flagship sports utility vehicle included on- and off-road routes that had m

Hyundai Motor Group on Saturday posted a video of an autonomous robotaxi model of the Ioniq 5, the Korean automaker's all-electric compact sports utility vehicle, passing the driver's license test, on its global YouTube channel. The four-minute video shows how the self-driving vehicle gets through the road test without a driver but with a certified DMV examiner overseeing the process from the passenger seat, in the state of Nevada. (Hyundai Motor Group)

Hyundai Motor Group, having climbed to the rank of the second-largest electric vehicle seller in the United States last year just behind the trailblazer Tesla, recently took reporters behind the scenes to reveal the backbone of their success: a commitment to safety amid the industry's sprint toward longer battery ranges and fast charging. On Wednesday, the press was invited to the automaker's Namyang Technology Research Center in Hwaseong, Gyeonggi Province, to witness firsthand the safety testi

The government is considering further cutting electric vehicle subsidies next year to instead use the funds to supplement insufficient charging infrastructure, according to sources Sunday. According to the sources, government ministries overseeing EV subsidy policy, including the finance and environment ministries, are discussing ways to reduce EV subsidies for next year based on state budget guidelines for 2025. During the discussions, the finance ministry has stressed the need to strengthen th

With over 27 years of experience in auto industry, Steve Cloete will take wheel starting May 1

Hyundai Motor Group takes home 3rd consecutive crown for highest global auto honor

The Kia K4 -- the South Korean carmaker's latest midsized sedan -- was unveiled for the first time anywhere at the New York International Auto Show on Wednesday. Kia said the new vehicle has been equipped with artificial intelligence assistance based on generative AI technologies that allows the car to communicate smoothly with the driver. According to the automaker, the Kia K4 will launch in the North American market in the second half of this year. (Hyundai Motor Group)

Hyundai Motor Group announced Wednesday a grand plan to invest 68 trillion won ($50.7 billion) in Korea and create 80,000 jobs by the end of 2026 to secure future growth engines as a global first mover in the mobility sector. According to the auto conglomerate, 31.1 trillion won, about 46 percent of the investment, will be assigned to research and development to secure core technologies in improving product competitiveness, electric vehicle transition, advancing software-defined vehicles and int

First full-size electric SUV Neolun, high-performance brand Magma make global debuts in New York

Kia Corp. on Tuesday announced it has appointed two former designers from Mercedes-Benz and BMW to head its design centers in Europe and China, respectively. Oliver Samson, previously with Mercedes-Benz, and Lim Seung-mo, formerly of BMW, will take on their new roles as head of the Kia Design Center Europe and head of the Kia Design Center China, respectively, on April 1. Samson and Lim will report to Karim Habib, executive vice president and head of Kia Global Design. The appointments are expec

After topping the sales charts in South Korea’s import car market last year, BMW Korea is looking to sustain its momentum with its new 530e, a plug-in hybrid model that is part of its 2024 eighth-generation 5 Series lineup. Introduced earlier this month, the 530e complements the 2024 lineup of gasoline, diesel, and electric models with its advanced plug-in hybrid technology. The 530e features a combination of a gasoline engine enhanced with BMW's TwinPower Turbo technology that uses a spec