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…
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Seoul, Jan 14 (IANS) The head of South Korea’s automotive giant Hyundai Motor Group has visited three key overseas markets — China, the United States and India — at the start of the new year as part of the group’s global expansion strategy, the company said on Wednesday.Executive Chair Euisun Chung’s visits were aimed at exploring business opportunities in major economies that are expected to underpin the group’s future growth, while also seeking partnerships with leading global companies, the…
Seoul, Jan 7 (IANS) Seoul shares extended their rally to a fourth day to set a fresh record high on a tech and auto rally on Wednesday after briefly landing above the 4,600-point level. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.58 points, or 0.57 percent, to close at an all-time high of 4,551.06, reports Yonhap news agency.The index briefly topped the 4,600-point mark, touch an intraday high of 4,611.72.On Tuesday, the KOSPI broke t…
Seoul, Jan 5 (IANS) Hyundai Motor, South Korea’s largest automaker, said on Monday its global sales fell 0.1 per cent from a year earlier in 2025 due to slowing overseas demand, apparently caused by US import tariffs.Hyundai Motor sold 4,138,180 vehicles last year, slightly down from 4,141,959 units a year earlier, the company said in a press release, reports Yonhap news agency.Domestic sales rose 1.1 per cent on-year to 712,954 units, while overseas sales declined 0.3 per cent to 3,425,226 unit…