News on Hyundai Motor Company

Hyundai chairman's son gets seat on the board

2010-03-11T23:15:41Z

<div><p>The only son of Hyundai Motor chairman Chung Mong-Koo was Friday appointed to the board of South Korea's top carmaker, fuelling speculation he is being groomed to succeed his 71-year-old father.</p><p>Shareholders at their annual meeting approved the appointment of Hyundai February sales rise 11 percent despite drag from weather in parts of US</div><div><p>Hyundai Motor Co. of Korea said Tuesday that its U.S. sales rose 11 percent in February, as storms in the eastern and central parts of the country kept many customers at home.</p><p>BY THE NUMBERS: Sales rose to 34,004 f...

Indian car sales jump in February

2010-03-02T05:18:12Z

<div><p>India's carmakers said Tuesday that sales rose sharply in February as consumers raced into showrooms to buy vehicles amid expectations that prices would rise as a result of the national budget.</p><p>In a widely anticipated move in last Friday's budget, the government hiked vehicle excise duties as part of a rollback of stimulus measures aimed at shielding India's economy from the global financial crisis.</p><p>...

Hyundai replaces Jeff Bridges' voice during Oscars

2010-03-01T15:15:37Z

<div id="subtitle">Hyundai swaps out Jeff Bridges voiceovers for Oscar ads to satisfy Academy rule on nominees</div><div><p>Having Jeff Bridges do a voiceover during the Oscars?</p><p>The Hyundai Motor issues recall of new Sonata sedan for front door latches</div><div><p>Hyundai Motor on Wednesday announced a recall of about 47,000 of its new Sonata sedans to replace front door latches following a handful of customer complaints.</p><p>Hyundai, S...

Hyundai to recall 47,000 cars in US and S.Korea

2010-02-24T01:16:48Z

<div><p>South Korea's top automaker Hyundai Motor announced Wednesday it would recall 47,300 of its latest-model Sonata sedans in the United States and the domestic market due to a door lock problem.</p><p>The firm said 1,300 of t...

Hyundai recalls new Sonata due to lock faults

2010-02-24T00:17:00Z

<div><p>SEOUL/DETROIT (Reuters) - Hyundai Motor <005380.KS> will recall 47,000 of its new Sonata sedans to fix faulty door latches, seeking to avoid the damaging criticism Japanese rival...

Hyundai to recall Sonata sedan in US and S.Korea

2010-02-23T22:15:36Z

<div><p>South Korea's top automaker Hyundai Motor said Wednesday it would recall its flagship Sonata sedan in the United States and the domestic market due to a door lock problem.</p><p>The firm said in a statement that 1,300 Sona...

Hyundai halts U.S. sales of 2011 Sonata; shares drop

2010-02-23T20:00:49Z

<div><p>SEOUL/DETROIT (Reuters) - South Korea's Hyundai Motor has stopped U.S. sales of its 2011 Sonata sedan due to door lock issues, sending its...

S.Korea takes record share of world car industry

2010-02-23T01:16:19Z

<div><p>South Korea's share of the world's car market rose to a record high of 5.7 percent last year as the global economic crisis hit production in other countries, data showed Tuesday.</p><p>The Korea Automotive Manufacturers Association said in a statement the country's automakers manufactured 3.513 mi...

S.Korea firm sign billion dollar Myanmar gas deal

2010-02-23T00:16:35Z

<div><p>Hyundai Heavy Industries said it signed a 1.4 billion dollar deal Tuesday with another South Korean firm to develop a huge natural gasfield in military-ruled Myanmar.</p><p>Hyundai Heavy, the world's largest shipyard, signed the contract with trading...

Hyundai targets 4.5 percent rise in U.S. market share

2010-02-22T09:24:11Z

<div><p>ORLANDO, Florida (Reuters) - Hyundai Motor Co &lt;005380.KS&gt; aims to increase its share of the U.S. market to 4.5 percent this year from 4.2 percent in 2009, helped by popular new product launches and ...

January Auto Sales: Hyundai sales up 24 percent

2010-02-22T12:34:12Z

<div id="subtitle">Hyundai sales rise 24 percent in January, best result since August</div><div><p>Hyundai Motor America said January sales rose 24 percent year-over-year, the automaker's best result since the government's "Cash for Clunkers" program spurred a rush of customers in Au...

All eyes on Toyota for January U.S. auto sales

2010-02-22T12:56:52Z

<div><p>DETROIT (Reuters) - Toyota Motor Corp's &lt;7203.T&gt; &lt;TM.N&gt; massive recall and sales halt of its best-selling vehicles will overshadow an expected industry increase in U.S. a...

South Korea Earns Hyundai Motor

2010-01-28T02:19:06Z

A Hyundai Motor Genesis is displayed at Hyundai Motor Co's showroom in Seoul, South Korea, Thursday, Jan. 28, 2010. Hyundai Motor's net profit nearly quadrupled in the fourth quarter on higher sales following a strong performance during 2009 in the fast-growing Chinese and Indian auto markets. (AP Photo/Lee Jin-man)

Hyundai Motor's 4Q profit nearly quadruples on strong performance in India and China</div><div><p>Hyundai Motor's net profit nearly quadrupled in the fourth quarter on higher sales following a strong performance during 2009 in the fast-growing Chinese and Indian auto...

Marketing in Phoenix: Customer Service Collapses Can Undermine Marketing Efforts

2010-02-22T17:14:12Z

As founder of a marketing agency in Phoenix, I ask the rhetorical question, is excellent customer service becoming something of a rare commodity, or have I just been getting unlucky lately?<br><br>For more than 33 years, our Arizona marketing agency has preached the gospel of excellent customer service, yet just this past week, I have experienced three se...

Hyundai eyeing a growing share of US auto market

2010-02-22T21:34:15Z

<div><p>Hyundai aims to build on its 2009 recession-busting success by nabbing more share of the US market this year with new fuel-efficient models and a strengthened distribution network, a company executive says.</p><p>"We have very high hopes for the US and total growth and we're ready for it," David Zuchows...

Bridge collapse kills 40 in western India

2010-02-23T11:10:46Z

<div><p>NEW DELHI (Reuters) - At least 40 people were feared killed after a bridge under construction in the Indian state of Rajasthan collapsed, police said on Saturday.</p><p>The accident occurred when laborers working on the bridge being built over the South Korea's top automaker Hyundai Motor was Thursday marking its first strike-free year for 15 years after unionised workers voted to approve a pay deal for 2010.</p><p>The workers approved a freeze in basic pay for next year in return for bonuses or other payments totalling some 15 million won (12,700 do...