Hyundai Motor Co

At Level 4, a vehicle can drive itself under limited conditions and will not operate if all required conditions are not satisfied.South Korea will set up safety standards and an insurance system for the launch of Level 4 autonomous vehicles in the country by next year, the transport ministry said on Sunday.Land, Infrastructure and Transport Minister Won Hee-ryong also said the government will "dramatically" ease regulations involving autonomous cars, at this year's 'CES 2023' in Las Vegas, reports Yonhap news…

GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas.Brandon Bell | Getty ImagesDETROIT – General Motors may be transitioning to an all-electric future, but its recent vehicle fleet ranked among the least efficient and most polluting in the U.S. automotive industry, according to a report released Monday by the U.S. Environmental Protection Agency.The Detroit automaker's average estimated real-world fuel economy and its carbon emissions ranked the second-worst in…

Drew Angerer | Getty Images News | Getty ImagesSAVANNAH, Ga. — Hyundai Motor Group is having its best years ever in the U.S.The South Korean automaker has successfully moved from bargain economy vehicles and dancing hamsters to competing against formidable automakers in the highly profitable American market.The company's Hyundai, Kia and Genesis brands are expected to capture nearly 11% of the U.S. new vehicle market this year — marking its highest level since the automaker entered the country in 1986. It's also set to be…

Hyundai executives and government officials break ground on the automaker's new "Metaplant America" in Bryan County, Georgia, on Tues., Oct. 25, 2022.CNBC | Michael WaylandSAVANNAH, Ga. – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to the county's trade ambassador Tuesday.Cho Tae-yong, ambassador of the Republic of Korea to the U.S., said officials are discussing "several possible…

DETROIT – The Biden administration's elimination of tax credits for imported electric vehicles deals a massive blow to Hyundai Motor's business, an executive for the automaker said Wednesday.Jose Munoz, global president and chief operating officer, declined to disclose a specific financial impact associated with the requirements of the Inflation Reduction Act, but described it as a huge impact to the automaker's bottom line. Hyundai and others are lobbying for some of those requirements to be reversed."It will be very,…

A couple browses a car's sticker price.Don Mason | The Image Bank | Getty ImagesWith demand for new cars still outpacing supply at many dealerships, buyers may be asking themselves if they need to pay over the average manufacturer's suggested retail price, or the sticker price, to get the car that they want.September marked a record sixteenth straight month that new vehicle average transaction prices, or what the buyer actually paid, were higher than the sticker price, according to data from Kelley Blue Book.Automakers…

An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017.Ty Wright | Bloomberg | Getty ImagesHonda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for electric vehicles will be located in Ohio.Construction of the new facility – located about 40 miles southwest of Columbus – is expected to begin in early 2023, followed by mass production of…

An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017.Ty Wright | Bloomberg | Getty ImagesHonda Motor and LG Energy Solution said Monday they plan to invest $4.4 billion to build a new battery production plant for electric vehicles in the U.S.The announcement marks the latest plans by automakers to invest in American production of battery cells for electric vehicles, as the industry…

Jack Weaver, an 82-year-old retired dairy farmer whose house sits on a Civil War battlefield, lives near General Motors' Spring Hill plant in Tennessee.Michael Wayland / CNBCSPRING HILL, Tenn. – Jack Weaver can point to a cannon on a Civil War battlefield from the comfort of a shaded bench in his backyard — a visible marker of his land's rich past. As he speaks about his small town, it's over the loud rumble of cars and trucks at the intersection in front of his farmhouse red home.The 82-year-old retired dairy farmer has…

An XCIENT Fuel Cell truck photographed in South Korea on Nov. 10, 2021. A number of firms in the trucking sector are exploring ways to develop vehicles that use hydrogen.SeongJoon Cho | Bloomberg | Getty ImagesHyundai Motor Company is to export 27 of its XCIENT Fuel Cell trucks to Germany, with the heavy-duty vehicles set to be used by firms operating in retail, logistics and manufacturing.In a statement earlier this week, the automotive giant said a total of seven companies — it did not provide their names — would make…