SEOUL/SINGAPORE Hyundai Motor Co has raised its stakes in growing Southeast Asian markets with a $250 million investment in Singapore's Grab, its second in the ride-hailing firm, as it chases rivals in the race for new-age transportation.
SEOUL/DETROIT/CHONGQING, China At a near-empty Hyundai Motor showroom in the Chinese mega city of Chongqing, the store manager is grumbling about his shortage of customers and a lack of bigger, cheaper SUV models popular in the world's largest auto market.
SEOUL South Korea's Hyundai Motor Group has created two entities to develop future technologies and appointed new heads of product strategy and design in a reshuffle, as it battles plunging profits that have pushed its shares to almost nine-year lows.
SEOUL Hyundai Motor Co's third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling to near nine-year-lows on Thursday. | Video
* Hyundai shares plunge as much as 12 pct, end down 6 pct.
(Recasts and comments from company executives)
SEOUL Tens of thousands of South Korean taxi-drivers held a rally on Thursday in Seoul, the capital, saying a carpooling service planned by the operator of the country's top chat app would threaten their livelihoods and jobs. | Video
SEOUL, Oct 18 Tens of thousands of South Korean
taxi-drivers held a massive rally on Thursday in Seoul, the
capital, saying a carpooling service planned by the operator of
the country's top chat app would threaten their livelihoods and
SEOUL Hyundai Motor said on Wednesday it will sell 1,000 hydrogen-powered trucks in Switzerland over the next five years through a new tie-up, betting the vehicles could beat battery-powered models sold by the likes of Tesla Inc.