Hyundai Motor Co., South Korea’s top automaker, said it would this week begin selling the new Veloster coupe that boasts more functions appealing to the tastes of younger consumers. The new Veloster, which goes on sale Friday, is equipped with an “engine sound equalizer” that allows the driver to tune the volume and tone of the “virtual” engine sound.The car also provides an improved driving experience with motor driven power steering and better safety by adopting a rollover sensor that automati

Hyundai Motor Co., South Korea's top automaker, said Thursday that it will this week begin selling the new Veloster coupe that boasts more functions appealing to the tastes of younger consumers.The new Veloster, which goes on sale Friday, is equipped with an "engine sound equalizer" that allows the driver to tune the volume and tone of the "virtual" engine sound.The car also provides an improved driving experience with motor driven power steering and better safety by adopting a rollover sensor t

Kia Motors Corp., South Korea's second-largest carmaker, said Thursday it plans diverse marketing activities as a main sponsor of the Australian Open tennis tournament to be held next week.The Australian Open is one of tennis' major international events and Kia Motors, an affiliate of Hyundai Motor Co., has been sponsoring it for 14 years.Kia Motors said that it will provide 107 vehicles, including the K5, Soul, Sorento and Carnival, for athletes, VIPs and event organizers during the event, whic

Hyundai Motor Co.'s popular Santa Fe sport utility vehicle has won the "Family Car of the Year" award for a second straight year in the U.S. for its family-friendly driving features and improved safety.The award was granted by Cars.com, a renowned U.S. car review website, which gave the Santa Fe high scores on its roomy space needed for family activities and strengthened safety and driving steering system.To win the award, cars should get "acceptable" or higher levels in crash tests by the Insur

Annual sales of recreational vehicles in South Korea nearly doubled over the past six years, driven by the growing popularity of cars designed for outdoor and leisure activities, industry data showed Thursday.Last year, carmakers sold 407,880 RVs, including sport utility vehicles, wagons and minivans, compared with about 208,000 units tallied in 2008, according to the data.The spike is attributable to increasing demand for vehicles that provide more space for equipment and driving comfort for tr

Hyundai Motor Group's failed bid to sell stakes in its logistics affiliate, Hyundai Glovis Co., led to an exodus of investors for the second consecutive day on Wednesday, while analysts expected the owner family premium will now move to Hyundai Mobis Co., an auto parts maker at the center of the conglomerate's cross-shareholdings.Hyundai Motor Chairman Chung Mong-koo and his only son, Chung Eui-sun, 44, the vice chairman of the group, tried to sell 1.8 million and 3.2 million shares each in Hyun

South Korea's top carmaker Hyundai Motor Co. took the wraps off of its Sonata plug-in hybrid electric vehicle (PHEV) at a motor show in the U.S. on Monday (local time), its first-ever car that can be recharged to run on both gasoline and electricity."The Sonata Plug-in Hybrid is a first of its kind engineered and built by a South Korean company, and will be a symbol of our outstanding green vehicle technology," said Vice Chairman Chung Eui-sun of Hyundai Motor.The company released the details of

Ssangyong Motor Co. will consider rehiring workers who had left the company five years ago if the automaker turns a steady profit, the head of the automaker's parent group said Tuesday.Mahindra Group Chairman Anand Mahindra came to South Korea to celebrate the launch of the Tivoli small-size SUV, the first new vehicle launched by Ssangyong since it was purchased by India's Mahindra & Mahindra Ltd. in 2011."If the Tivoli is successful and if the turnaround of Ssangyong is successful, then I assur

Kia Motors Corp., South Korea's second-largest carmaker, said Monday it aims to sell 20,000 Sorento sport-utility vehicles in China this year as it seeks to win a bigger slice of the fast-growing SUV market here.The revamped Sorento, which is offered with either a 2.4-liter gasoline or 2.2-liter diesel engine, is produced at Kia's plant in South Korea and imported to China, the carmaker said in a statement.Kia, an affiliate of Hyundai Motor Co., began selling the revamped Sorento earlier in the

South Korea's top carmaker, Hyundai Motor Co., and its sister affiliate, Kia Motors Corp., saw sales of their hybrids grow nearly tenfold over the past six years, data showed Monday, as the firms continue to churn out various eco-friendly options for buyers.The two automakers sold a combined 62,648 units of their hybrid cars in their home market and in the United States last year, compared to the 6,312 units registered in 2009, according to industry data. Of the figure, 34,828 units were sold in

South Korea’s top automaker Hyundai Motor and its sister affiliate Kia Motors have sold a combined 90 million cars since their beginnings 50 years ago, industry data showed Sunday.As of last year, the two sold a cumulative 89.9 million vehicles domestically and internationally, including cars made overseas, according to the data.That translates into about 167,000 cars sold every week on average. It also means the two firms most likely reached the 90 million milestone within this past week, accor

South Korea’s auto exports fell for the second straight year in 2014 due mainly to sluggish markets in Eastern Europe and Latin America, government data showed Sunday.Overseas shipments of vehicles stood at 3.06 million units last year, down 0.9 percent from the previous year, according to the data by the Ministry of Trade, Industry and Energy. The ministry attributed the decline to weak exports to Eastern Europe as well as South and Central America and the European Union.Shipments to Eastern Eu