SEOUL, Oct. 21 (Korea Bizwire) — The Indian subsidiary of South Korean automotive giant Hyundai Motor Co. is set to make its stock market debut this week following a record initial public offering (IPO) in the South Asian nation, according to industry officials Monday. Shares of Hyundai Motor India Ltd. are set to start trading [...]
SEOUL, Oct. 21 (Korea Bizwire) – Hyundai Motor Company’s high-performance division, Hyundai N, is making a bold move into the world of e-sports with the announcement of its global virtual racing competition, the Hyundai N Virtual Cup. The announcement came on October 20 at the ADAC Sim Racing Expo in Dortmund, Germany, marking a significant step [...]
SEOUL, Oct. 18 (Korea Bizwire) –Ferrari, the Italian luxury sports car manufacturer, has unveiled its first new supercar in 11 years, marking a significant moment in the company’s illustrious history. On October 17, at its headquarters in Maranello, Ferrari presented the F80, a limited-edition supercar that the company says will set new standards in its [...]
SEOUL, Oct. 18 (Korea Bizwire) – Hyundai Motor Company announced on October 17 the launch of The New Casper, an improved version of its compact SUV, three years after the model’s debut in 2021. The New Casper represents Hyundai’s effort to refine its entry in the increasingly competitive mini-SUV market. The updated model features design enhancements [...]
SEOUL, Oct. 18 (Korea Bizwire) – Rolls-Royce Motor Cars introduced the latest iteration of its luxury sport utility vehicle, the Cullinan Series II, to the South Korean market on October 17. The British automaker showcased two bespoke models of the Cullinan at a launch event held at a resort in Incheon. This marks a significant update [...]
SEOUL, Oct. 17 (Korea Bizwire) — Hyundai Motor Co. said Thursday it has released a revamped version of the company’s entry-level mini SUV, Casper. The new Casper builds on the iconic design of the previous model, enhancing the SUV’s rugged appearance with a more sophisticated exterior and premium interior design. Hyundai Motor said the model [...]
SEOUL, Oct. 17 (Korea Bizwire) – Volvo Cars Korea announced on October 16 that it has secured the top position in the product satisfaction (TGR) category of the “2024 Automobile Planning Survey” conducted by Consumer Insight, a leading consumer research firm in South Korea. This achievement marks Volvo’s dominance over both domestic and imported car brands [...]
SEOUL, Oct. 16 (Korea Bizwire) — Hyundai Motor Group said Wednesday it has developed the world’s first automated system for designing vehicle press molds, allowing drastic reduction in design time and quality improvement in the automobile production process. Press molds are tools used to produce exterior parts, such as trunks and hoods, and each part [...]
SEOUL, Oct. 16 (Korea Bizwire) — The state-run Korea Trade Insurance Corp. said Wednesday that it has granted trade finance of US$1.35 billion to Hyundai Motor Co. for the ongoing construction of an electric vehicle plant in the U.S. state of Georgia. The financial support is aimed at assisting the construction of the EV plant [...]
SEOUL, Oct. 14 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. have made strong challenges with their new models in the midsize SUV segment, which has been largely dominated by Hyundai Motor Group, according to industry data Monday. According to the Korea Automobile & Mobility Industry Association, KG Mobility’s Actyon and Renault [...]