Hyundai, Kia agree to $210 million U.S. auto safety civil penalty

2/2 © Reuters. FILE PHOTO: Cars for sale are seen at Hyundai of Serramonte in Colma, California 2/2 By David Shepardson WASHINGTON (Reuters) – Hyundai Motor Co and Kia Motors’ U.S. units on Friday agreed to a record $ 210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million […]

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Hyundai Motor Group heir apparent promoted to chairman: source

© Reuters. SEOUL (Reuters) – Hyundai Motor Group’s heir apparent Euisun Chung was promoted to the group’s chairman, a person familiar with the matter said, formally cementing his inheritance of the leadership position in the world’s fifth-largest automaker group from his octogenarian father. Hyundai Motor’s board endorsed the appointment of Chung as chairman, the person […]

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Hydrogen champion Hyundai races to electric as Tesla takes off

2/2 © Reuters. FILE PHOTO: The Hyundai Vision T electric concept vehicle is displayed at the Canadian International Auto Show in Toronto 2/2 By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) – Hyundai Motor Co (KS:), an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now’s […]

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No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away

© Reuters. By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group. Hyundai (KS:) ramped […]

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Hyundai group to streamline ownership structure in reform push

© Reuters. A Hyundai Motor’s booth is seen near the Pyeongchang Olympic Plaza in Pyeongchang By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) – South Korea’s auto-to-steel giant Hyundai Motor Group will streamline its complex ownership structure, as it responds to calls from the government and investors to reform the country’s powerful family-controlled conglomerates or […]

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