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Thu, March 4, 2021 | 08:53

Hyundai Motor chief designer wins FAI award

Hyundai Motor chief designer wins FAI award

Lee Sang-yup, head of Hyundai Motor's Global Design Center, has received the grand prize at a renowned vehicle design award festival in France, being recognized for his contributions to advancing the Korean carmaker's design capability.

Baek Byung-yeul | 2021-01-28 12:38

SsangYong Motor says deal with potential buyer 'still under way'

SsangYong Motor says deal with potential buyer 'still under way'

SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra Mahindra Ltd., said Thursday that its Indian parent company is still in talks to sell its controlling stake, denying media reports that the deal has fallen through. SsangYong Motor made the statement in response to media reports that Mahindra and HAAH Automotive Holdings, Inc., a California company that im...

2021-01-28 12:33

SsangYong faces receivership as Mahindra-HAAH deal collapses

SsangYong faces receivership as Mahindra-HAAH deal collapses

SsangYong faces receivership as Mahindra-HAAH deal collapses

SsangYong Motor entering court receivership now appears to be inevitable, after the troubled carmaker's largest shareholder, Mahindra & Mahindra, paid off a 30 billion won ($27.15 million) debt it owed. This is seen as a sign that the Indian auto giant is giving up on its Korean unit, which is in an autonomous restructuring support (ARS) program giving the two time to find ne...

Nam Hyun-woo | 2021-01-27 16:56

SsangYong Motor says deal with potential buyer 'still under way'

Kia dismisses concerns over automotive chip shortage

Kia dismisses concerns over automotive chip shortage

Kia has dismissed concerns of an automotive chip shortage, assuring consumers that is has not been affected by the scarcity that global automakers are currently experiencing due to the excessive demand for chips for IT devices which occurred after the coronavirus outbreak, the Hyundai Motor Group affiliate said Wednesday.

Baek Byung-yeul | 2021-01-27 16:32

Hyundai to acquire LG's automotive components firm

Hyundai to acquire LG's automotive components firm

LG Hausys said in a filing to the Korea Exchange, Tuesday, that it had selected Hyundai BNG Steel as the preferred negotiator to acquire its automotive components and industrial film businesses.

Kim Hyun-bin | 2021-01-26 16:23

Hyundai Motor bets big on electric cars in 2021

Hyundai Motor bets big on electric cars in 2021

Hyundai Motor bets big on electric cars in 2021

Hyundai Motor has vowed to focus more on electric vehicles (EVs) in 2021 in a bid to make its way into the rapidly growing eco-friendly car market, the carmaker said Tuesday.

Baek Byung-yeul | 2021-01-26 16:23

Hyundai to acquire LG's automotive components firm

SsangYong Motor cuts wages by half amid liquidity crisis

SsangYong Motor cuts wages by half amid liquidity crisis

Financially troubled SsangYong Motor Co. said Monday it will cut its employee wages in half in January and February as it struggles with mounting costs amid lackluster sales. In a recent message to employees, SsangYong Motor President and CEO Yea Byung-tae said the decision was part of "desperate measures" amid a sharp decline in sales.

2021-01-25 15:06

Tesla vs. Korea

Tesla vs. Korea

The tit-for-tat between Tesla and the government is escalating after the U.S. electric vehicle (EV) maker was sidelined from a series of incentive programs on low-emission vehicles here.

Nam Hyun-woo | 2021-01-24 15:14

Fastest EV charging station

Fastest EV charging station

Hyundai Motor opened the country's fastest electric vehicle charging station in Gangdong-gu, southeastern Seoul, Thursday, in collaboration with SK Networks. The move came after the so-called “battery meeting” between Hyundai Motor Group Chairman Chung Euisun and SK Group Chairman Chey Tae-won at SK Innovation's facility in Seosan, South Chungcheong Province, last...

Kim Jae-heun | 2021-01-21 18:30

GM Korea, Renault Samsung future uncertain amid EV transition

GM Korea, Renault Samsung future uncertain amid EV transition

With electric vehicles (EVs) taking center stage in the global automobile industry, GM Korea and Renault Samsung's future as car manufacturers here is clouded with uncertainty after they failed to win EV production orders from their respective headquarters. During the recent Consumer Electronics Show, General Motors revealed its EV platform, Ultium, and promised that the comp...

Nam Hyun-woo | 2021-01-20 09:00

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