Hyundai is making a major push into the commercial vehicle market with a $1.8 billion global investment through 2020. That money includes plans to launch a model in the segment in the US at some point in the future.
Hyundai has a slight revision ready for the Veloster in its South Korean home market. Along with some interior and exterior styling tweaks, the biggest change is a seven-speed dual-clutch gearbox for the Turbo model.
An article in the Daily Kanban suggests, the sun is setting on GM Korea, and it could already be well into dusk. GM's move into China, the Chevrolet exit from Europe and years of labor strife are driving the division over the edge.
Hyundai and Kia are on a sales charge in 2014, and parent company Hyundai Motor Group is increasing projections to a record eight million combined units for the automakers by the end of the year – a bump over the original target of 7.86 million vehicles.
South Korean buyers hoping to stomp on the throttle to hear the thundering V8 of the Chevrolet C7 Corvette have reason to be a little depressed, it seems. The South Korean government has no interest in hearing the 'Vettes angry growl. We're afraid it's just too darn loud.
Hyundai and sister company Kia are giving themselves a little bit of time to make up a lot of ground in the fight for better fuel economy. We wonder if a recent multi-million fine might have something to do with this public target.
In countries across the globe, ride-hiring app Uber has faced criticism from taxi drivers, who claim the service is unfair, citing the way its (unregistered) drivers can be hired, eliminating the need to stand on a corner hailing. In the South Korean capital of Seoul, though, Uber and the taxi drivers are living harmoniously, thanks to a new service.
Despite once-grand plans to have its spiritual successor to the Tesla Roadster – and other electric vehicles – on US roads by the end of 2014, Detroit Electric still hasn't delivered Job One. That might change with a new deal just announced with Jeju Island in South Korea.
Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number represents the highest amount ever paid for a plot of land in South Korea, according to Reuters. The hefty price tag reportedly scared investors enough for stock prices to sink dramatically.
In September 2013, the Haenggung-dong neighborhood in Suwon City, South Korea tried a bold experiment: have the locals go car-free for 30 days as part of the EcoMobility World Festival. Looking back on the event a year later, Sustainable Cities Collective reports, residents are still feeling the impact of those 30 different days.
Korea is not without its domestic automobiles that would be suitable for transporting a visiting head of state: the Hyundai Equus comes to mind. Failing that, a Genesis sedan would do the trick. Maybe even a Kia K900 or a Renault Samsung SM7. But those familiar with Pope Francis and his taste in transportation won't be surprised that His Holiness has chosen something decidedly more modest for his visit to South Korea.
The ridesharing service Uber promises to connect people needing a lift with drivers offering one, and it appears to be pretty useful. After all, you can use it to summon Optimus Prime. For many cab drivers around the world, though, the app is basically the bane of their existence. The French passed a law mandating wait times before pickups in January, and 30,000 European cabbies staged a mass protest in June. The latest group hoping to ban Uber is the government of Seoul, South Korea.
Think the UAW is the only labor union that's angling to give General Motors headaches in the near term? Guess again. GM employees in South Korea's highly unionized and strike-happy workforce have officially approved a strike action against the automaker as labor talks are set to begin.
Hyundai remains in hot water in its home market after the South Korean Ministry of Land, Infrastructure and Transport alleged that the country's largest automaker, along with Ssangyong, misstated fuel economy numbers on some of its crossovers. Now, though, the country's consumers are going after Hyundai, with a lawsuit from 1,500 Santa Fe owners.