Hyundai Motor

Hyundai Motor and Kia will support the consultative body with their smart mobility technologies.New Delhi: South Korean automakers Hyundai Motor and Kia on Wednesday said they have signed joint research agreements with six Korean research institutes and formed a consultative body to develop mobility solutions to explore the surface of the moon. The latest announcement follows Korea’s successful launch of a domestically produced rocket in June.Yong Wha Kim, Executive Vice President, and Head of R&D Planning &…

Updated July 26, 2022 4:31 pm ET Federal regulators on Tuesday ordered Hyundai Motor Co. ’s North American finance arm to pay a $19 million fine for providing allegedly inaccurate information to credit-reporting companies about more than 2.2 million customer accounts. The Consumer Financial Protection Bureau accused Hyundai Capital America of using manual and outdated…

New Delhi: Dassault Systèmes on Tuesday announced a supply and maintenance agreement with Hyundai Motor for Dassault Systèmes’ CATIA applications.Through this agreement, Hyundai Motor expects to help its diverse partners locally and globally by being able to foster their seamless collaborative technology relationships, a company statement said.Dassault Systèmes is recognized as a long-standing growth partner of Hyundai Motor. It has contributed to the development of vehicles and related technologies by providing CATIA and…

Apple has ramped up its efforts to develop a self-driving car, and has filed several new patents in software and hardware related to riding comfort such as seats and suspension, the media reported recently.The iPhone maker is also working on vehicle-to-everything (V2X) technology, which allows cars to communicate with each other and connect to the Internet of Things (IoT), reports Nikkei Asia along with analytics company Intellectual Property Landscape.The report found that from 2000 till June 1 this year, Apple applied…

Netflix Inc. NFLX 4.55% hasn’t said much about the advertising-supported service it is developing. But advertisers are already plotting how to take advantage of it. Peloton Interactive Inc. PTON 7.01% hopes the streaming giant, which is known for its sophisticated show-recommendation engine, will offer precision targeting so it can reach the audience most likely to buy fitness equipment. Hyundai…

South Korea's Hyundai Motor Co plans to build its first fully dedicated electric vehicle (EV) factory in South Korea, targeting production by 2025, the automaker's union said on Tuesday, citing its leader. In May, Hyundai Motor Group, which houses Hyundai Motor and Kia Corp, announced its plans to invest 63 trillion won ($48.07 billion) in South Korea through 2025. Hyundai Motor was not immediately available for comment. The union said in a statement that the company made the pledge during ongoing wage negotiations.…

Shares in Hyundai Motor and its affiliate Kia plunged on Wednesday, as German authorities raided the carmakers' local offices over suspicions they had installed defeat devices on some of their combustion cars.On Wednesday, Hyundai plunged 5.7% to 175,500 won ($135.17), and Kia plummeted 6.1% to 76,900 won.Among other affiliates, auto parts maker Hyundai Mobis Co. fell 3.6% to 199,000 won, and logistics firm Hyundai Glovis Co. shed 1.1% to 183,000 won, reports Yonhap news agency.Hyundai confirmed the raid by German…

Hyundai Motor Group said Friday it plans to build a $5.5 billion manufacturing complex in Georgia dedicated to making electric vehicles, the latest in a wave of new auto-factory investment flowing to the U.S. South.The new Hyundai plant is expected to break ground early next year and open in the first half of 2025, making battery-powered models that will be revealed at a later date, the company said. When fully ramped up, the factory will be capable of churning out 300,000 vehicles a…