Hyundai, Kia’s January sales down on fewer working days from extended holiday
Hyundai Motor said on Monday its monthly sales for January dropped 2.3 per cent from a year earlier due to a reduced number of business days.
Hyundai Motor said on Monday its monthly sales for January dropped 2.3 per cent from a year earlier due to a reduced number of business days.
Hyundai Motor, South Korea's top automaker, saw its sales in the United States climb 15 per cent from a year ago in January, marking its biggest sales for the month to date, the company said on Sunday.
The number of vehicles voluntarily recalled by automakers in South Korea reached an all-time high this year, with nearly 80 percent attributed to domestic giant Hyundai Motor Group, traffic authorities said on Sunday.
Combined vehicle sales of Hyundai Motor and Kia, South Korea's leading automakers, in Europe fell 7.5 per cent in October from a year ago, industry data showed on Thursday.
The initial public offering (IPO) of Hyundai Motor India saw a lukewarm response from investors on Tuesday, with the issue subscribed 0.18 times or 18 per cent on Day 1 of the subscription.
Hyundai Motor, Kia and two other carmakers will recall over 7,700 vehicles due to faulty components, the transport ministry here said on Wednesday.
Hyundai Motor Group said on Friday that it will raise its stake in Motional, the group's autonomous driving joint venture in the United States, through a paid-in capital increase, as well as invest in the local venture partner Aptiv.
Hyundai Motor, Mercedes-Benz Korea, and two other carmakers will recall over 11,000 vehicles due to faulty components, the transport ministry here said on Thursday.
The combined market capitalisation of Hyundai Motor and Kia is widely expected to surpass the 100 trillion-won ($72.2 billion) mark this year, according to industry watchers.
The combined overseas production of Hyundai Motor and Kia, including in India, surpassed 3.68 million units in 2023
