Tag: hyundai
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Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts
SEOUL, Oct 29 : Hyundai Motor reported a 5.5 per cent rise in third-quarter operating profit on Thursday, as favourable foreign exchange rates helped offset the impact of partial strikes and weaker sales of ageing models. Hyundai, which together with affiliate Kia Corp forms the world’s third-biggest automaki
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South Korea’s HD Hyundai to decide size of US shipbuilding investment by year-end
SEOUL, Oct 28 : South Korean shipbuilding group HD Hyundai said on Wednesday its joint venture with US construction firm Kiewit will target orders from the US Navy for naval logistics support ships. HD Hyundai plans to finalise the size and structure of a planned US investment by the end of the year, a compan
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HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs
SEOUL, Oct 23 : HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to build an advanced US shipyard next year, with operations expected to begin in 2029 and create about 3,000 domestic jobs.The new shipyard is expected to boost U.S. shipbuilding capacity and help revive the industry, Hyundai s
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Hyundai to recall over 94,600 US vehicles over fire risk from overheating, NHTSA says
Oct 15 : Hyundai Motor America is recalling 94,622 vehicles in the US over a risk of fire while parked or driving due to the possibility of some front power seat motors overheating, the US National Highway Traffic Safety Administration said on Thursday.Here are some more details from NHTSA:• The fron
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Hyundai Motor India to invest $1.16 billion to expand capacity at Pune city plant
Oct 14 : Hyundai Motor India plans to invest 110 billion rupees ($1.16 billion) in its Pune city plant to scale up the facility’s annual production capacity by nearly 90 per cent by 2030, the automaker said on Wednesday. The move comes a day after parent Hyundai Motor Group said it would invest $15.5 billion
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Hyundai Motor Group bets $15.5 billion on India as global auto hub
Oct 13 : Hyundai Motor Group said on Tuesday it would invest $15.5 billion in India through 2032, deepening its bet on the world’s third-largest car market as a key driver of future growth. The South Korean automaker’s seven-year plan includes about $700 million of investment in its Indian research and devel
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Hyundai Motor to invest $15.5 billion in India through 2032
Oct 13 : Hyundai Motor said on Tuesday it would invest $15.5 billion in India through 2032 to expand manufacturing and develop new automotive technologies, positioning the country as a key market for future growth. The South Korean automaker’s seven-year plan includes a dedicated investment entity in India a
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Exclusive-IPO for humanoid robot maker Boston Dynamics unlikely in 2027, executive says
SEOUL, Sept 14 : Boston Dynamics, Hyundai Motor Group’s humanoid robot unit, is unlikely to pursue an initial public offering next year, a senior executive at the parent company with direct knowledge of the matter said, as it has yet to deploy its flagship Atlas robots at scale and remains unprofitable. The e
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Hyundai Motor to roll out in-house driver-assist system in 2029
SEOUL, Sept 13 : Hyundai Motor Group will launch vehicles equipped with its proprietary driver-assistance software in late 2029, two years later than planned, turning to Nvidia in the interim to accelerate deployment. The South Korean automaker will partner with the U.S. chipmaker to roll out advanced driver-
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Hyundai Motor’s South Korean union approves wage deal
SEOUL, Sept 1 : Hyundai Motor’s South Korean labour union approved a tentative wage agreement with the automaker, bringing an end to this year’s pay negotiations after weeks of strikes and talks. Some 61.55 per cent of participating union members voted in favour of the agreement, Hyundai Motor said on Tuesday
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