Hyundai Motor on Monday reported 37.7 trillion won ($26.2 billion) in total sales for the third quarter, an increase of 30.6 percent on-year. It was boosted by a significant increase in global sales, which the automaker forecast would expand in the final quarter as the auto parts supply crunch eases. Hyundai Motor sold 1.02 million cars from July to September, according to a regulatory filing. The third quarter is regarded as a low season for the carmaker, as employees take vacations for the sum

A Korean Air plane overran a runway at the Cebu International Airport in the Philippines while attempting to land in poor weather late Sunday. No injuries were reported. The flight had 162 passengers and 11 crew onboard. Korean Air flight KE631, which had departed from Incheon to Cebu, had attempted to land twice in poor weather, and on the third attempt overran the runway, according to the South Korean air carrier while delivering an apology. “We sincerely apologize to our passengers and

Hyundai Motor’s flagship electric vehicle Ioniq 5 has been picked as MotorTrend’s 2023 SUV of the Year, the first award for the Korean automaker from the renowned US auto magazine with 74 years of history. The Ioniq 5 beat out 44 other models, of which 24 were electric. MotorTrend said the Ioniq 5 stood out for its luxurious exterior, outstanding driving performance, spacious interior and efficient battery pack, along with the fast-charging system. The award for SUV of the year is ev

Hyundai Motor Group said Thursday that it would sponsor 236 units of eco-friendly vehicles for FIFA World Cup Qatar 2022 which kicks off on Nov. 20, as part of a commitment to keep the global soccer event a carbon-neutral tournament. Hyundai will sponsor a total of 616 vehicles to be operated for FIFA staff, VIP guests, players and media during the game which ends on Dec. 18. The Korean carmaker has been the official sponsor for World Cup since 2002. It is the first time that the company and t

South Korean auto parts and mobility solutions provider Hyundai Mobis said Tuesday that it has begun mass-producing chassis modules for Mercedes-Benz electric vehicles, adding another global automaker to its client list. Mobis begun manufacturing its chassis module, a core automotive part that controls a vehicle’s stability while driving, from the third quarter at a newly established plant dedicated for Mercedes cars in Alabama in the US. A total of four electrified SUVs by the German ca

Airlines working to extend 16-hour limit for pilots after New York-Incheon flight forced to stop to replace crew

South Korean automaker Hyundai Motor and its sister company Kia are expected to see continued record-high sales and profits in the third quarter, despite a market downturn and the impact of the industry’s low season. According to market data on Sunday, Hyundai Motor is expected to announce around 36 trillion won ($25 billion) in sales in the July-September period, about a 25 percent increase on-year. Its quarterly operating profit would surpass 3 trillion won for the first time, jumping 10

A fire Saturday at a Kakao data center in Pangyo, south of Seoul, has led to a server outage affecting the KakaoTalk messenger app, along with other apps such as Kakao T, Kakao Map, Kakao Metro, Kakao Webtoon, Kakao Bank, Kakao-owned portal Daum and music streaming service Melon. The internet connection for the apps has been unavailable since 3:30 p.m. "There has been a fire at SK C&C data center since 3:30 p.m. Work has begun to put down the fire, but we are uncertain when the fir

Renault Group will be investing hundreds of millions of euros in South Korea for the next six years to turn the country into an export hub for its mid to large-size vehicles, its CEO said Tuesday in Seoul. “We want to make Korea the key export hub for large (-vehicle) segments. Being in Korea is also a fantastic way for us to keep the group partnered to one of the most innovative tech ecosystems in the world. We have a lot to learn here,” said Luca de Meo during a press conference he

Out of 96 chairmen, executives initially called in as witnesses, only four appeared

  Half a year has passed since Hyundai Motor Group suspended operations of its Russian plant over global logistics issues, without a clear vision for a breakthrough while global competitors have already exited the market. But market experts say Hyundai simply leaving Russia is not an answer, due to massive investment and significant market share. According to a report recently released by Hyundai Motor Group, Hyundai Motor Manufacturing Russia shipped zero cars in August, as opposed to the

Overnight basic taxi fee in Seoul likely to surpass 10,000 won next year

Hyundai Motor Group’s electric vehicle sales in the United States dropped significantly last month after a new US act that excludes tax benefits on vehicles produced outside of the US took effect, data showed on Tuesday. Hyundai Motor America sold a total of 1,306 Ioniq 5 units in September, far less than the 2,853 units of the EV model sold in June, 1,978 in July and 1,517 in August. Its sister company Kia’s sales of its flagship model EV6 also dropped to 1,440 units last month fr

US electric vehicle maker Tesla plans to develop its own vehicle diagnosis system for the first time and apply it to all Tesla models sold in South Korea from October next year, instead of going through mandatory safety checks conducted by the local authority, drawing concerns among the public as Tesla could hide fatal technical glitches on purpose. According to Korea Transportation Safety Authority data obtained by Rep. Park Sang-hyuk from Democratic Party of Korea on Monday, Tesla plans to a

Hyundai Motor Group’s hydrogen fuel-cell trailer drone concept Trailer Drone won the 2022 Red Dot Design Concept Luminary award, according to the company on Friday. It is the first time the South Korean automaker won the Luminary award, the highest level of recognition accorded at the Red Dot Award, it added. The Trailer Drone concept is a hydrogen-powered container transportation system capable of operating fully autonomously, with a double e-Bogie configuration. An e-Bogie serves as a pl