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.

Hyundai Motor Co's unionised workers in South Korea vote on Friday to decide whether to go on a strike for the first time in four years over demands for higher wages and anger the management was prioritising overseas investment.

Hyundai Motor's union in S.Korea vote on first strike in 4 years

South Korea's Hyundai Motor Co and its two affiliates plan to jointly set up a company in the United States to explore businesses, Hyundai Motor said on Thursday.

S.Korea's Hyundai Motor and its affiliates to jointly set up company in U.S. to explore businesses

Hyundai previewed the IONIQ 6 sedan Wednesday, its heavily anticipated followup to its popular first battery-electric model, the IONIQ 5 SUV. The automaker won't announce details such as the IONIQ 6's price range, and production run size until the vehicle's world premiere in July.

Hyundai reveals the IONIQ 6 EV sedan, the eagerly-anticipated follow-up to its IONIQ 5

Hyundai Motor Co has decided to delay the launch of its upgraded hydrogen-powered Nexo SUV to 2024 due to issues with its fuel cell development, a South Korean newspaper reported on Wednesday, citing the auto parts industry.

Hyundai Motor delays launch of upgraded Nexo hydrogen car - newspaper

Tesla

During a ceremony to mark the groundbreaking of a government-ordered test facility the head of Hyundai Motor North America declared his company's electric vehicle progress is making strides towards “trying to get closer to Tesla,” the EV market leader.

Hyundai Chief Targets Tesla As Company Breaks Ground On Government-Ordered Test Site

Hyundai's brand campaign ad won Silver Lions in the Outdoor Billboard Campaign and Print categories in the automotive sector 'The Bigger Crash' campaign was also shortlisted in the Design Lions category at Cannes Lions International Festival of Creativity 'The Bigger Crash' highlights the seriousness of climate change and promotes the world's urgent attention to address the issue It is the latest Hyundai brand campaign to be recognized with a prominent global advertising accolade SEOUL, South Korea , June 27, 2022 /PRNewswire/ -- Hyundai Motor Company's global brand campaign, 'The Bigger Crash,' won the Silver Lions award at the Cannes Lions International Festival of Creativity 2022 in France, one of the most prestigious advertisement accolades in the world. The Bigger Crash outdoor billboard and print ad campaign features cars overturned by hurricanes that happened in the past several years around the world.

Hyundai Motor's 'The Bigger Crash' Brand Campaign Ads Win Silver Lions at Cannes Lions International Festival of Creativity

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Major automakers and industry suppliers on Wednesday urged Congress to move quickly to pass $52 billion in subsidies for U.S. semiconductor production, according to a letter seen by Reuters.

Auto industry CEOs urge Congress to quickly pass chips funding

Design concept sketch previews the aerodynamically-sculpted streamliner silhouette for the new EV era IONIQ 6's unique and timeless design to be fully unveiled later this month SEOUL, South Korea , June 20, 2022 /PRNewswire/ -- Hyundai Motor Company today revealed a design concept sketch of its highly anticipated IONIQ 6, the second model in Hyundai's IONIQ all-electric vehicle lineup brand. The concept sketch depicts the unique and streamlined silhouette of the IONIQ 6.

Hyundai Motor's IONIQ 6 Teased in Concept Sketch

2023 Palisade Flagship SUV Offers Fresh Exterior and Interior Design New Convenience Technologies: 12-inch Navigation, Wi-Fi Hotspot, Digital Key 2 Touch, New Bluelink Features and Driver's Ergo-Motion Seat New Palisade XRT Model Features a Rugged, Outdoors-Oriented Appearance FOUNTAIN VALLEY, Calif. , June 16, 2022 /PRNewswire/ -- Hyundai has released pricing for the new 2023 Palisade SUV, including its new XRT model.

Hyundai Releases 2023 Palisade Pricing Including New XRT Model

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While pure-play EV companies have been in the spotlight, actual production of battery electric vehicles has still been minimal (or zero) for many of these companies. Currently, the electric vehicle industry is still in its early stages with very few new entrant EV companies likely able to penetrate the market within the next year.

Legacy Automakers Charge Ahead Of New Entrants In EV Push

South Korean petrochemical firms on Monday joined the automobile and steel makers in cutting operations due to mounting inventories as transport disruptions from a strike by truckers spread quickly across Asia's manufacturing powerhouse.

Trucker strike in South Korea enters seventh day, hits POSCO, Hyundai Motor

A huge Hyundai Motor Co factory complex added weekend production on Saturday, despite a nationwide strike by truckers that has hit ports and other South Korean industrial giants, including steelmaker POSCO.

Hyundai Motor plants in extra weekend run, S.Korea truckers' strike continues

SEOUL/ULSAN (Reuters) -Production at Hyundai Motor Co's biggest factory in South Korea halved on Thursday due to component shortages triggered by a truckers' strike, a union official at the automaker said on Friday.

Hyundai Motor Ulsan plants' output hit due to truckers' strike - company union

FOUNTAIN VALLEY, Calif. , June 1, 2022 /PRNewswire/ -- Hyundai Motor America reported May retail sales of 59,432 units, a 30% decrease compared with May 2021.

Hyundai Motor America Reports May 2022 Sales

Amid growing competition among car makers to position themselves for a low-carbon future, Hyundai Motor Group said it plans to invest a total of $16.5 billion over the next eight years to expand its production of electric vehicles in its home market of South Korea.

‘Hyundai Does Not Want To Be Left Behind': Korea's Car Giant Makes $16.5 Billion EV Push

Hyundai Motor America will recall 239,000 U.S. vehicles over seat belt pretensioners that can explode and project metal fragments causing injuries.

Hyundai to recall 239,000 U.S. vehicles over exploding part

Government regulators said that the driver's and front passenger's seat belt pretensioners can explode upon deployment and send shrapnel throughout the vehicle

Hyundai recalls 239,000 cars over exploding seat belt parts

Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its competitiveness in different business fields, including electrification, robotics and urban air mobility, as well as autonomous driving technology.

Hyundai Motor Group to invest $50 billion in S.Korea through 2025

Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms in advanced technology.

Hyundai to invest an additional $5 billion in the US by 2025

Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion it has earmarked for a new EV plant and battery manufacturing facility in Georgia that Hyundai announced Friday.

Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025

The Ford Mustang Mach-E, Kia EV6 and Hyundai Ioniq 5 are all subject to new safety actions filed with the National Highway Traffic Safety Administration

Ford, Kia, Hyundai recall electric SUVs over software glitches

Production is scheduled to begin at this new plant in the first half of 2025.

Hyundai Is Spending $5.5 Billion to Build EVs, Batteries in the US

HMG to invest more than USD 10 billion in US by 2025 to lead future mobility solutions Investment to support HMG global position as first mover in innovation and next-generation mobility solutions; to contribute to U.S. manufacturing HMG on May 20 announced a USD 5.54 billion new EV & battery manufacturing facilities in Georgia, to lead electrification era in the US HMG investment will support development of key future businesses, including robotics, AI technologies, advanced air mobility and autonomous driving capability SEOUL, South Korea, May 23, 2022 /PRNewswire/ -- Hyundai Motor Group (HMG) is increasing its investment to more than USD 10 billion by 2025 to further its goal to lead sustainable and smart mobility solutions in the U.S.   The Group's investment plans are designed to accelerate innovation and mobility electrification. The move supports carbon neutrality goals with new technologies and will contribute to manufacturing in the U.S. "We have come a long way and become very successful in a short period of time, but we are also preparing for our future," said Euisun Chung, Executive Chair of Hyundai Motor Group, following his meeting with U.S. President Joe Biden in Seoul on May 22 nd.

Hyundai Motor Group Increases US Investment as the Group Targets Innovation and Mobility Leadership

The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles,

Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics

Hyundai Motor Group said on Sunday it plans to invest an additional $5 billion in the United States through 2025 to strengthen its collaboration with U.S. firms in diverse technologies, such as robotics, urban air mobility, autonomous driving and artificial intelligence.

News for Hyundai Motor Company Stock (HYMTF)