Tag: HYUNDAI

June 13, 2023

HMM, South Korea’s flagship carrier, has made a bid to reenter the gas trades, tabling KWN300bn ($233m) to take over its old company, Hyundai LNG Shipping. HMM has been keen to diversify its earnings base and with the local private […]

October 25, 2022

A robotic dog delivered a champagne toast and Georgia’s governor and junior U.S. senator shared a brief bipartisan celebration ahead of high-stakes elections as Hyundai Motor Group broke ground Oct. 25 on its first U.S. plant dedicated to making electric […]

August 12, 2022

South Korea’s biggest electric car batterymakers and Hyundai Motor Co. have expressed concern over new U.S. legislation aimed at boosting domestic production of EVs and reducing the use of Chinese materials, moves they say could hurt their competitiveness. Korean trade […]

July 22, 2022

The state of Georgia and local governments are giving $1.8 billion in tax breaks and other incentives to Hyundai Motor Group in exchange for the automaker building its first U.S. plant dedicated to electric vehicles near Savannah, according to the […]

May 20, 2022

Hyundai Motor Group confirmed May 20 the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history. Hyundai […]

November 17, 2020

Hyundai Motor Group and Aptiv Plc’s $4 billion self-driving venture received permission from the state of Nevada to test autonomous vehicles on public roads without a safety driver, the company said. The joint venture, dubbed Motional, got the approval from […]

October 7, 2020

Hyundai Motor Co. said it would expand its fuel cell truck sales efforts to the U.S. and China and significantly increase production over the coming year. The South Korean manufacturer launched a heavy-duty fuel cell truck venture in Switzerland last […]

August 11, 2020

Hyundai’s autonomous vehicle joint venture with Aptiv has a new name: Motional. The company, which plans to test fully driverless vehicles for ride-hailing services later this year, said the new name is meant to evoke the “motion” of transportation as […]

February 4, 2020

Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak. The carmaker has been hit by a […]

January 3, 2020

Under the terms of the KRW 193.4 billion contract (USD 166 million), the duo is set for delivery by the end of April 2022. In a separate announcement, Hyundai Samho said that it had won a contract for the construction […]

February 22, 2019

Watching the Hyundai pull into the parking spot, I cringe a bit with the stress that strikes when I feel like I’m holding other people up. The car is wiggling backward and forward, backward and forward, trying to fit into […]

July 18, 2018

South Korean shipbuilder Hyundai Mipo Dockyard has secured an order for the construction of four containerships. The order for the boxship quartet is worth KRW 123.8 billion (around USD 109.2 million). Under the terms of the contract, the ships are […]

January 5, 2018

EVERY HUMAN WHO gets down with the Gregorian calendar can celebrate New Year’s Day, that rare 24-hour stretch when soldiering through a hangover is expected, and precious little work gets done. Too bad that this year, they only got one […]

January 4, 2018

LESS THAN A decade after Google launched the age of the self-driving car, most of the main players have made some long-term commitments—not in the name of love, but to ensure success. With few exceptions, the companies eager to turn […]