Hyundai Motor Company

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Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following segments: Vehicle, Finance, and Others. The Vehicle segment offers motor vehicles. The Finance segment provides financing, leasing and credit cards. The Others segment includes the manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

The U.S. Department of Labor on Monday accused a Korean-owned auto parts maker and supplier of Hyundai Motor Co of violating federal child labor laws at an Alabama factory, federal court filings reviewed by Reuters show.

Hyundai supplier accused of child labor violations by U.S. authorities

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EV tax credits are changing due to the Inflation Reduction Act. But which electric vehicles will qualify for subsidies due to complex rules.

EV Tax Credits: Big Changes For Electric Vehicle Subsidies — What You Need To Know

FOUNTAIN VALLEY, Calif. , Aug. 22, 2022 /PRNewswire/ -- Kate Fabian, director of marketing communications, Hyundai Motor America, has been named a 2022 Automotive News Rising Star.

Hyundai Motor America's Kate Fabian Named a 2022 Automotive News Rising Star

A new U.S. law excluding electric vehicles assembled outside North America from tax credits could persuade Hyundai Motor Co to bring forward the start-date for construction of an EV and battery plant in the United States to as early as this year, Yonhap news agency reported on Monday.

Hyundai Motor considers speeding up construction of U.S. EV plant - Yonhap

2023 Santa Cruz Night Model Features Bold Blackout Trim Theme Blind-spot Collision Avoidance Assist, Rear Cross-Traffic Collision-Avoidance Assist, and Safe Exit Warning are Now Standard for 2023 Santa Cruz FOUNTAIN VALLEY, Calif. , Aug. 18, 2022 /PRNewswire/ -- Hyundai has released pricing for the 2023 Santa Cruz  Sport Adventure Vehicle, including the new Santa Cruz Night model.

Hyundai Releases 2023 Santa Cruz Pricing Including New Night Model

New Creative Showcases the Special Bond and Deep Connection within the African American Father-Daughter Dynamic New Convenience and Driver Assistance Technologies Combine To Deliver The Most Intelligent 8-Passenger SUV That Takes 'Style and Substance' to the Next Level FOUNTAIN VALLEY, Calif. , Aug. 16, 2022 /PRNewswire/ -- Hyundai Motor America and its African American marketing agency of record, Culture Brands, have launched a new campaign for its significantly enhanced 2023 Palisade SUV.

Hyundai Spotlights "Dad's Precious Cargo" in New Marketing Campaign for the 2023 Palisade

When Hyundai acquired Boston Dynamics at the end of 2020, there were plenty of open questions.

Hyundai announces $400M AI, robotics institute powered by Boston Dynamics

ASHEVILLE, N.C. , Aug. 12, 2022 /PRNewswire/ -- Hyundai Motor America and Hyundai of Asheville recently donated a total of $20,000 to the Special Olympics North Carolina (SONC), an organization that uses the transformative power of sports to improve the lives of children and adults with intellectual disabilities, in support of the Automotive Industry Running Group.

Hyundai and Hyundai of Asheville Donate $20,000 to Special Olympics North Carolina

Hyundai Motor Group and Boston Dynamics to invest over $400 million to establish the new institute The Institute, led by founder of Boston Dynamics Marc Raibert, to invest resources across the technical areas of cognitive AI, athletic AI and organic hardware design, with each discipline contributing to progress in advanced machine capabilities The Institute to recruit talent in diverse areas, including AI and robotics research, and software and hardware engineering, as well as to partner with universities and corporate research labs SEOUL, South Korea and CAMBRIDGE, Mass. , Aug. 12, 2022 /PRNewswire/ -- Hyundai Motor Group (the Group) today announced the launch of Boston Dynamics AI Institute[1] (the Institute), with the goal of making fundamental advances in artificial intelligence (AI), robotics and intelligent machines.

Hyundai Motor Group Launches Boston Dynamics AI Institute to Spearhead Advancements in Artificial Intelligence & Robotics

Agency to Support Hyundai's Multicultural Marketing Group in Reaching U.S. Hispanic Audiences FOUNTAIN VALLEY, Calif. , Aug. 11, 2022 /PRNewswire/ -- Hyundai Motor America has selected independent, Hispanic-owned and operated Lopez Negrete Communications as its U.S. Hispanic marketing agency of record.

Hyundai Motor America Selects Lopez Negrete Communications as its Hispanic Marketing Agency of Record

BorgWarner

Integrated drive module (iDM) to power a second Hyundai Motor Company (HMC) A-segment electric vehicle, with production starting in 2024 Second iDM business award with HMC in less than 2 years Technology provides high power density and efficiency Scalable, modular iDM design customizable to customer requirements AUBURN HILLS, Mich., Aug. 10, 2022 /PRNewswire/ -- BorgWarner's iDM146 integrated drive module (iDM) has been selected by Hyundai Motor Company (HMC) to power an additional A-Segment electric vehicle platform, scheduled to start production in the third quarter of 2024.

BorgWarner Secures Second Integrated Drive Module Award with Hyundai Motor Company

Stellantis N.V. 

DETROIT — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress.

Auto makers warn most electric vehicles won't qualify for federal tax credit

Once vehicles can reliably drive autonomously, should we continue to own them? Hyundai thinks many people will still want to.

Smart Cities Won't Mean The End Of Car Ownership Says Hyundai

The hydrogen electric trucks sent to Germany will bolster the XCIENT Fuel Cell's presence in Europe.

Hyundai to export heavy-duty hydrogen electric trucks to Germany

Honors include two 'Best of Best' and six 'Winner' awards Award-winning categories include Fair Stands, Brand Stores, Showrooms, Exhibition Design, User Interface and Corporate Design Guides Honors reflect Hyundai, Genesis and Kia's efforts to demonstrate brand values through design and provide unique experiences for customers SEOUL, South Korea , Aug. 4, 2022 /PRNewswire/ -- Hyundai Motor, Genesis and Kia, Hyundai Motor Group's three automotive brands, won eight design awards, including two 'Best of the Best' and six 'Winner' honors, at the Red Dot Award: Brand & Communication Design 2022, hosted by Germany's Design Zentrum Nordrhein-Westfalen. Hyundai Motor's 'CES 2022 Exhibition Booth,' which shared the company's vision for robotics providing unlimited freedom of mobility in the real world and metaverse, won the 'Best of the Best' award — the highest distinction the jury can give out — in the Fair Stands category.

Hyundai, Genesis and Kia Sweep Red Dot Awards: Brand & Communications Design 2022

Hyundai Hope Donates $50,000 to Support Child Passenger and Driver Education Programs Hyundai and Children's of Alabama Host Car Seat Safety Check Event at Hyundai Motor Manufacturing Alabama MONTGOMERY, Ala. , Aug. 2, 2022 /PRNewswire/ -- Hyundai Motor America announced its partnership with Children's of Alabama in support of its Health Education and Safety Center program.

Hyundai Partners with Children's of Alabama to Underscore Commitment to Passenger and Driver Safety Education

July Sales for Tucson Family Grew 24%; Tucson HEV up 50% Green Cars Sales Increased 12% over July 2021 FOUNTAIN VALLEY, Calif. , Aug. 2, 2022 /PRNewswire/ -- Hyundai Motor America reported total July sales of 60,631 units, a decrease of 11% compared with July 2021.

Hyundai Motor America Reports July 2022 Sales

Hyundai Motor is considering increasing its stake in, or fully acquiring, the South Korea-based lidar-free autonomous mobility platform 42dot, the latest signal of its growing interest in the fast-growing space.

Hyundai Motor eyes acquisition of Korean lidar-free self-driving startup 42dot

South Korea's Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper report said on Friday.

S.Korea's Hyundai Motor Group plans to raise stake in startup - report

Randy Parker is Named CEO of Hyundai Motor America Edgar Carranza is Named CEO of Hyundai Motor Mexico Tedros Mengiste is Promoted to Vice President, Genesis Sales Operations, Genesis Motor America Bob Kim is Promoted to Vice President, National Sales, Hyundai Motor America David VandeLinde is Promoted to Vice President, After-Sales, Hyundai Motor America FOUNTAIN VALLEY, Calif. , July 28, 2022 /PRNewswire/ -- José Muñoz, president and chief executive officer, Hyundai Motor North America (HMNA) announced today the promotion of five key members of his HMNA executive team.

Hyundai Motor North America Announces Promotions Among National Market Leadership Teams

Parker is One of the First African Americans to Be Named CEO of a Major OEM Regional Market Hyundai Achieved Significant Sales and Market Share Gains Under Parker's Tenure as Senior Vice President of National Sales FOUNTAIN VALLEY, Calif. , July 28, 2022 /PRNewswire/ -- Hyundai Motor North America has promoted Randy Parker to be chief executive officer of Hyundai Motor America effective August 1.

Randy Parker Named Chief Executive Officer of Hyundai Motor America

MEXICO CITY , July 28, 2022 /PRNewswire/ -- Hyundai Motor North America has named Edgar Carranza, Hyundai Motor Mexico (HMM), Chief Executive Officer effective August 1. Currently, Carranza is Chief Operations Officer for HMM.

Hyundai Motor North America appoints Edgar Carranza as Chief Executive Officer of Hyundai Motor México

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The CFPB announced the penalty Tuesday (July 26), saying it was its largest ever Fair Credit Reporting Act (FCRA) case against an auto servicer.

CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting

A U.S. regulator on Tuesday ordered an affiliate of Hyundai Motor Co to pay $19.2 million for repeatedly providing inaccurate information to credit-reporting companies, including wrongly reporting that consumers were delinquent on loans and leases.

Hyundai to pay $19.2 million for widespread credit-reporting failures--U.S. regulator

A reader asked me to take a look at Hyundai - something I saw as a bit of a challenge, given that South Korea or Asia overall isn't my home-field. Still, Hyundai is an interesting company to look at. This business is a bit of a silent performer, having actually generated some decent returns over certain time periods.

News for Hyundai Motor Company Stock (HYMTF)