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GM, Hyundai Motor to explore joint vehicle development projects

GM, Hyundai Motor to explore joint vehicle development projects

General Motors and Hyundai Motor Co said on Thursday they have agreed to explore future collaboration across key strategic areas including potential joint vehicle development, supply chain issues and clean-energy technologies.

Reuters | 1 year ago
G.M. and Hyundai Plan to Work Together on New Vehicles

G.M. and Hyundai Plan to Work Together on New Vehicles

General Motors and the South Korean automaker say they will collaborate on new vehicles, buying parts and clean energy technologies.

Nytimes | 1 year ago
GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending

GM and Hyundai agree to explore collaboration on vehicles and manufacturing to reduce capital spending

General Motors and Hyundai Motor said they have entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies. Potential areas of interest include production of passenger and commercial vehicles, internal combustion engines, and electric and hydrogen technologies.

Cnbc | 1 year ago
GM, Hyundai Explore Partnership to Develop Vehicles Together

GM, Hyundai Explore Partnership to Develop Vehicles Together

General Motors GM -0.33%decrease; red down pointing triangle and Hyundai Motor 005380 3.80%increase; green up pointing triangle are exploring a partnership that could mean savings on items like steel and electric-vehicle battery materials or even result in the joint development and production of vehicles, the companies said Thursday.

Wsj | 1 year ago
Hyundai plots India SUV rollout as domestic competition mounts ahead of IPO

Hyundai plots India SUV rollout as domestic competition mounts ahead of IPO

Hyundai Motor, long the most successful foreign automaker on Indian roads, is hoping to regain market share from increasingly formidable domestic rivals by launching a series of new SUVs as it gears up for a $3 billion public listing in the country.

Reuters | 1 year ago
EV demand slowdown sees Hyundai turn to hybrids, Polestar switch boss

EV demand slowdown sees Hyundai turn to hybrids, Polestar switch boss

Polestar and Hyundai are the latest carmakers to signal changes as the industry grapples with slowing electric vehicle demand. Hyundai unveiled plans to double the number of hybrid models it offers to 14 on Wednesday.

Proactiveinvestors | 1 year ago
Hyundai Motor targets 30% rise in sales by 2030 as it doubles hybrid lineup

Hyundai Motor targets 30% rise in sales by 2030 as it doubles hybrid lineup

Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybrid lineup to counter a slowdown in global electric vehicle demand.

Reuters | 1 year ago
US auto regulator opens probe into over 330,000 Hyundai SUVs over seat belts

US auto regulator opens probe into over 330,000 Hyundai SUVs over seat belts

U.S. auto safety regulators said on Friday that it was opening a preliminary evaluation into approximately 332,288 Hyundai SUVs in the United States over a potentially faulty seat belt.

Reuters | 1 year ago
Hyundai Motor America to recall over 49,000 U.S. vehicles, NHTSA says

Hyundai Motor America to recall over 49,000 U.S. vehicles, NHTSA says

Hyundai Motor America is recalling over 49,000 U.S. vehicles over unintentional air bag deactivation or deployment, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.

Reuters | 1 year ago
Hyundai Motor's Q2 profit rise 23%, beats expectations

Hyundai Motor's Q2 profit rise 23%, beats expectations

South Korea's Hyundai Motor Co reported on Thursday a 23% rise in second-quarter profit that beat analysts expectations, helped by favourable exchange rates and solid sales of high-margin sport utility vehicles and hybrid cars.

Reuters | 1 year ago
Hyundai Motor America to recall nearly 67,000 vehicles in the U.S, NHTSA says

Hyundai Motor America to recall nearly 67,000 vehicles in the U.S, NHTSA says

Hyundai Motor America is recalling nearly 67,000 vehicles in the U.S., the U.S. National Highway Traffic Safety Administration said on Thursday.

Reuters | 1 year ago
Hyundai Motor's South Korea union approves wage deal, union says

Hyundai Motor's South Korea union approves wage deal, union says

Hyundai Motor and a union representing its South Korean workforce on Saturday sealed a wage deal that will boost annual pay by about 4.65%, the union said, avoiding a strike in the carmaker's biggest manufacturing base.

Reuters | 1 year ago
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