Seoul, June 14 (IANS) Hyundai Motor Group accounted for 11.8 per cent of the US automobile market in the January-April period this year, data showed on Sunday, on the back of strong sales of hybrids and other eco-friendly models.According to data compiled by industry tracker Omdia, the combined market share of Hyundai Motor Co. and Kia Corp. rose 1 percentage point from a year earlier during the first four months of 2026, ranking fourth behind General Motors Co., Toyota Motor Corp. and Ford Moto…
Latest Ford Motor Co News & Updates
Seoul, Jan 18 (IANS) Hyundai Motor and its sister firm Kia posted a record combined market share in the United States in 2025, buoyed by expanded local production and strong hybrid vehicle sales, despite Washington’s aggressive tariff measures, officials said on Sunday.The two South Korean automakers sold a combined 1.84 million vehicles in the U.S. last year, accounting for a record market share of 11.3 per cent, according to data from market watcher Wards Intelligence and industry sources, rep…
Seoul, Dec 26 (IANS) South Korean battery maker LG Energy Solution Ltd. said on Friday it has agreed with a US company to terminate a supply contract signed in 2024 by mutual consent.In a regulatory filing, LG Energy Solution said it has canceled the supply deal worth 3.9 trillion won ($2.69 billion) signed with U.S.-based battery pack producer Freudenberg Battery Power System (FBPS) LLC.LG Energy Solution said the termination came as FBPS decided to pull out from the battery industry, reports Y…