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June 9, 2021

HYUNDAI

EXCLUSIVE Hyundai to slash combustion engine line-up, invest in EVs – sources

Reuters
Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil fuels, one of......

Hyundai recalls more than 390,000 vehicles due to possible engine fires

CBS News
CBS News – For more and to sign up click here Hyundai is recalling more than 390,000 vehicles in the U.S. and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made. The largest recall......

Hyundai enters U.S. pickup market with new Santa Cruz ‘Sport Adventure Vehicle’

CNBC
CNBC – For more and to sign up click here 2022 Hyundai Santa Cruz Hyundai Hyundai Motor is entering the U.S. pickup market with the Santa Cruz, a small SUV-like vehicle that’s scheduled to go on sale this summer. Hyundai is calling the 2022 Santa Cruz a “Sport Adventure Vehicle.”......

South Korea’s construction firm Hyundai Engineering prepares for IPO

Reuters
SEOUL (Reuters) – South Korean construction company Hyundai Engineering said on Tuesday it had reached out to brokerage firms at home and abroad for them to make bids to carry out the firm’s initial public offering (IPO). Hyundai Engineering, an affiliate of Hyundai Motor Group, engages in the civil and......

South Korea regulator not probing Hyundai executives’ share sales: official

Reuters
FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s Financial Supervisory Service (FSS) is not currently investigating Hyundai Motor executives’ share sales, a regulatory official said......

Hyundai, Kia shares tumble after automakers say they’re not in talks with Apple to develop a car

CNBC
CNBC – For more and to sign up click here A logo of Hyundai Motor is seen on a glass door at a company branch in Seoul on July 23, 2015 Jung Yeon-Je | AFP | Getty Images South Korean automakers Hyundai Motor and Kia Motors said Monday they are......

In early Apple talks, Hyundai keeps mum on electric vehicle tieup report

Reuters
By Heekyong Yang, Hyunjoo Jin SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Friday it was in early talks with Apple after a domestic broadcaster said the firms were discussing an electric car and battery tie-up, sending Hyundai shares surging 25%. FILE PHOTO: The Apple Inc logo is......

Apple and Hyundai announce electric car tie-up

BBC
https://www.bbc.co.uk/news/business-55583504 The electric vehicle (EV) market is becoming increasingly competitive with companies like Tesla grabbing the headlines with its rapidly-increasing valuation. Its founder Elon Musk is now the richest man in the world, displacing Amazon founder Jeff Bezos. BBC – For more and to sign up click here To Return......

Hyundai Motor says it is in early talks with Apple, shares surge 24%

Reuters
SEOUL/SAN FRANCISCO (Reuters) – Hyundai Motor Co said it in was in early discussions with Apple after Korea Economic Daily TV reported that the two were in talks to cooperate on electric cars and batteries, sending Hyundai’s shares surging 24%. “Apple and Hyundai are in discussions but they are at......

Hyundai Motor reports 2020 global sales of 3.74 million vehicles

Reuters
FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Monday its 2020 global sales were 3.74 million vehicles, missing its target......

Breakingviews – Robots drive Hyundai from humdrum to high tech

Reuters
A boy in a stroller reacts to Boston Dynamics’ four-legged robot Spot during its demonstration at Tokyo Robot Collection, Japan September 18, 2020. HONG KONG (Reuters Breakingviews) – Hyundai Motor Group has gained a new high-tech best friend. The South Korean conglomerate and its chairman will take control of Boston......

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