Kia Motors Corp (000270.KS)
28 May 2017
SEOUL/BEIJING Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.
WASHINGTON/SEOUL U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million vehicles by Hyundai Motor Co and affiliate Kia Motor Corp over engine defects, according to filings published Saturday.
* Hyundai vows to cooperate 'sincerely' (Adds details of investigation, background)
SEOUL/WASHINGTON, May 20 U.S. safety regulators have opened a formal investigation into the recall of nearly 1.7 million Hyundai Motor Co and affiliate Kia Motor Corp U.S. vehicles for engine problems, according to filings.
SEOUL South Korea ordered Hyundai Motor Co and affiliate Kia Motors Corp to recall 240,000 vehicles over safety defects flagged by a whistleblower - a sharp slap on the wrist that will exacerbate reputational woes for the automakers.
* Ministry asks for probe into whether there has been cover-up
SEOUL, May 4 China vehicle sales for South Korea's Hyundai Motor and Kia Motors Corp both tumbled more than 60 percent year-on-year in April, two sources briefed on the matter told Reuters, marking the second straight monthly drop due to political tensions.
SEOUL South Korean carmaker Kia Motors Corp signed a deal on Thursday to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging.
* Q1 net profit down 19 pct on China dispute, recall (Add q1 earnings, exec comments)
SEOUL, April 27 South Korean carmaker Kia Motors Corp said it plans to sign a deal on Thursday to invest about $1.1 billion to build its first factory in India.