Hyundai Motor Company
Automotive industry company news
A highlight for me in the last week was a go in what Nissan UK bills its third generation Leaf - the 2016 update with an optional longer ran...
We'll permit ourselves a small 'told you so' this week after Jaguar Land Rover finally confirmed it would build the Range Rover Evoque in Br...
| 9 Oct 2015
We'll permit ourselves a small 'told you so' this week after Jaguar Land Rover finally confirmed it would build the Range Rover Evoque in Brazil from early 2016, as well as the previously confirmed Land Rover Discovery Sport - which Our Man in Brazil first reported last May. JLR had said earlier it would only do 'new' models at the plant, but our sources said otherwise, and it makes sense to do the country's top selling JLR model locally as it (a) gets the price down, increases supply and frees up capacity at the Halewood, England, mother ship. And the high local content encouraged in Brazil allows local variation to suit market needs. JLR also now makes the Evoque at a joint venture in China (again, this gets the price down in a tax-protected market) and also assembles some models in India (ditto). All of which frees up UK capacity.
| 29 Jul 2015
One of the major reasons for Kia's phenomenal rise in recent years is its ability to produce specific models in and for the markets where they are sold. It's a 'think globally, act locally' approach.
| 28 Jul 2015
Just as in Europe, India or the USA, looking at China as one market doesn't give you the full picture. Differences across geographical areas are one reason why some models are suddenly hugely popular, while others are fading rapidly.
| 9 Jul 2015
The 12 percent YoY rise in the June German passenger cars market has seen some notable changes to the usual pecking order. Opel muscled past both Ford and BMW to take fourth position behind Volkswagen, Mercedes-Benz and third-placed Audi.
| 19 Oct 2015
Continuing just-auto's series of interviews at the 2015 IAA show, Matthew Beecham met with Jean-Francois Berard, Vice President, R&D, Strategy, Marketing and Industrial, Auto Inergy Division, Jean-Bernard Lepage, Marketing Director, Auto Inergy Division, and Jerome Vidalie, Product Line Director, Structural Parts, Plastic Omnium Auto Exterior.
| 5 Nov 2014
The Fukushima nuclear reactor disaster which followed the Japanese earthquake and tsunami in 2011 might inadvertently provide a foot in the door for sales of hydrogen fuel-cell electric vehicles to take off, believes the man in charge of Hyundai-Kia's FCEV research and development, Dr Sae-Hoon Kim.
| 16 Nov 2015
Kia has set out a new strategy for green cars that it says will expand its green car line-up from four to 11 models by 2020. It is also aiming to improve average fuel efficiency by 25% over 2014 levels.
| 12 Nov 2015
Sales of new passenger vehicles in China jumped by over 13% year on year to 1.94m units in October, lifted by a sales tax cut at the end of September, according to the China Association of Automobile Manufacturers. The data covers sales of passenger cars, SUVs and MPVs but not commercial vehicles.
| 10 Nov 2015
New car sales in Australia were strong again last month, with volume up 3.4% year on year to 94,321 new passenger cars, SUVs and commercial vehicles.
| 10 Nov 2015
New vehicle sales in the Philippines rose by 28% to a new monthly high of 28,667 units in October, from 22,278 units in the same month of last year, according to data released jointly by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA). The associations’ data does not include sales of some key importers, including Hyundai, Chevrolet and Subaru, which together typically account for around 15% of the total market.
| 10 Nov 2015
A year on year increase of 5% last month took New Zealand sales to a record October tally of 12,684 units. Year to date sales rose 5.5% to 112,217 new vehicles.
| 10 Nov 2015
Vietnam’s new vehicle market continued to expand rapidly in October, with deliveries to dealers rising by 44% to 19,181 units from 13,324 units a year earlier according to data released by the Vietnam Automotive Manufacturers Association.
| 5 Nov 2015
Hyundai Motor this week officially launched a new global premium brand, Genesis, as it targets growing demand for luxury cars. The company is following in the footsteps of leading global automakers such as Toyota with its Lexus brand. It will launch luxury versions of existing models, including the G90, G80 and G70.
| 4 Nov 2015
After producing the Brazil-only model for just three years – not one unit has been exported so far – Hyundai has made the first changes to the HB20. The i20-based compact hatchback now embodies the brand’s evolution of design philosophy called Fluid Sculpture 2.0.
| 3 Nov 2015
Hyundai Motor America plans to recall 64,744 model year 2015-2016 Sonata vehicles manufactured from 28 May 2014 to 21 August 2015
| 22 Oct 2015
Hyundai Motor has reported that net income for the three months to the end of September declined 25% on last year to 1.2 trillion win (around US1.1bn) as it was hit by a fall in sales in China.
| 12 Oct 2015
Hyundai Motor Manufacturing Russia (HMMR) in Saint Petersburg has built 1m units since the start of mass production in January 2011. A Solaris, one of the brand's best sellers in Russia, was the milestone vehicle.
| 9 Oct 2015
Vietnam’s new vehicle market continued to steam ahead in September, with the Vietnam Automotive Manufacturers Association reporting a rise in deliveries to dealers of almost 49% year on year to 19,256 units compared with 12,948 units a year earlier. Sales in the first nine months of the year increased by close to 61% to 144,674 units, from 90,139 units previously, reflecting continued strong economic growth - driven by buoyant domestic consumption and manufacturing investment.
| 9 Oct 2015
New vehicle sales in the Philippines rose by over 29% to 27,040 units in September, from 20,924 units in the same month of last year, according to data released jointly by the Chamber of Automotive Manufacturers of the Philippines (CAMPI) and Truck Manufacturers Association (TMA). The associations’ data do not include sales of some key importers, including Hyundai, Chevrolet and Subaru, which together typically account for around 15% of the total market.
| 7 Oct 2015
Hyundai Motor and affiliate Kia Motors have been fined US$28.9m by a US court for patent infringements related to hybrid engine technology. The complaint was made by Paice LLC, a Baltimore-based technology company established in 1992 by Russian native Alexander Severinsky.
| 6 Oct 2015
Sales of new motor vehicles in Australia in September continued the 2015 trend with growth up 6.8% year on year to 101,392 units. Year to date volume rose 3.6% to 862,832.
| 5 Oct 2015
New passenger and commercial vehicle registrations in New Zealand in September rose 5% year on year to 12,474 units, a record for the month. Toyota remained the overall market leader with 19% market share followed by Ford (12%) and Holden (11%). Year to date Toyota, Holden, Ford, Mazda and Hyundai remained the top five brands overall.
| 18 Sep 2015
Hyundai Motor has agreed to hire a further 2,000 temporary workers on a permanent basis from 2017, as the company looks to put an end to a key source of disagreement with its labour unions. Last year, the company had already agreed to award full-time contracts to 4,000 temporary workers in 2017.
| 18 Sep 2015
South Korean prosecutors have indicted 10 people for allegedly passing on design blueprints for a future car being developed by Hyundai Motor for Chinese automaker BAIC Motor, according to local reports.
| 15 Sep 2015
Johnson Controls (JCI) has signed a memorandum of understanding (MOU) with Beijing Hainachuan Automotive Parts (BHAP), an auto parts subsidiary of Beijing Automotive Industry Group (BAIC Group), to set up automotive battery sales and manufacturing joint ventures in the world's largest vehicle market. Under the MOU, JCI and BHAP will partner to offer a range of batteries to automakers and service networks under BAIC Group, one of China's largest automobile manufacturers.
| 14 Sep 2015
Google has hired auto industry veteran John Krafcik in a move being seen as an attempt to boost its automotive strategy. Google has shown driverless car prototypes and is preparing a strategy to address the automotive business space, as is arch-rival Apple.
| 11 Sep 2015
Hyundai Motor's union workers in South Korea have failed to reach an annual pay deal with the company and voted to authorise strike action. Strike action could follow next week.
| 9 Sep 2015
Hyundai Motor launched the fifth-generation Avante [aka Elantra] sub-compact car in South Korea this week, with upgraded safety features and improved fuel efficiency.
| 4 Aug 2015
As one who has worked 'down in parts' in a previous life I have not a little sympathy for the warehouse and counter men and women at Hyundai Motor Company Australia's spare parts operation.
| 2 Jan 2015
We're well used to China-only models from the long-established foreign automaker players there like Volkswagen and General Motors but now even the (relative) newcomers are getting in on the act.
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