New Zealand's first foreign central bank governor in modern history takes the top job amid heightened criticism of the bank's management of the economy and as independent monetary policy around the world comes under political pressure.
South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.
Hyundai Motor is recalling more than 568,500 Palisade vehicles in the U.S., as the seat belt buckles that fail to latch may not properly restrain passengers in a crash, the U.S. National Highway Traffic Safety Administration said on Thursday.
A battery plant co-owned by Hyundai Motor is facing a minimum delay of two to three months following an immigration raid last week, Hyundai's CEO Jose Munoz said Thursday.
The South Korean auto giant makes most of its money from gas-powered vehicles unaffected by the raid of an unfinished EV-battery plant in Georgia.
Hundreds of people who were detained by U.S. immigration authorities while working on construction of an electric vehicle battery plant for Hyundai and LG Energy Solution in Georgia are set to fly home to South Korea on a chartered plane out of Atlanta. South Korean President Lee Jae Myung has blasted their controversial detention.
About 475 people were detained, including hundreds of South Korean nationals who worked at the Georgia plant President Trump had hailed earlier this year.
Hyundai Motor said on Friday that it will investigate the employment practices by suppliers and their subcontractors, after hundreds of workers at a Hyundai Motor car battery facility under construction in the state of Georgia were detained in a major raid by U.S. authorities.
South Korea's Hyundai Motor Group said in a statement on Tuesday it is increasing U.S. investment to $26 billion from a previously planned $21 billion.
General Motors and Hyundai team up to co-develop five vehicles, aiming to counter low-cost Chinese rivals and rising trade-war pressures.
Amazon has begun offering used vehicles through its Amazon Autos platform, starting with Hyundai dealers in Los Angeles. Consumers can now browse, compare and purchase used and certified preowned Hyundai vehicles directly on Amazon, according to a company blog post on Monday (Aug. 4).
Kia America has recalled about 201,149 Telluride vehicles in the U.S. as the door belt molding trim can delaminate and detach from the vehicle, the U.S. National Highway Traffic Safety Administration said on Saturday.