Hyundai Motor Company

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Hyundai Motor Co., Ltd. engages in the manufacture and distribution of motor vehicles and parts. It operates through the following segments: Vehicle, Finance, and Others. The Vehicle segment offers motor vehicles. The Finance segment provides financing, leasing and credit cards. The Others segment includes the manufacture of railways. The company was founded on December 29, 1967 and is headquartered in Seoul, South Korea.

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Global electric car sales records for November 2020 up 133% YoY reaching 5.9% share. Europe sales up 198% YoY reaching 16% share, China sales rose 138% YoY reaching 8.6% share. EV market news - Goldman Sachs believes EV adoption is accelerating. Apple reportedly plans to launch an electric car in 2024. Tesla joins the S&P 500.

EV Company News For The Month Of December 2020

South Korean workers for Kia Motors Corp have agreed to a freeze in base salary for the first time in 11 years under a preliminary deal with the automaker following 16 rounds of negotiations, a union official said on Tuesday.

Kia Motors' union in South Korea approves tentative labour deal

FOUNTAIN VALLEY, Calif., Dec. 17, 2020 /PRNewswire/ -- The 2021 Hyundai Elantra was named one of the three finalists for the prestigious 2021 North American Car of the Year award today. The winner will be announced in January during a virtual event. "To make it to the top three is a real...

Hyundai Elantra Named Finalist For 2021 North American Car of the Year™

A lot can change in a year. Especially this year.

Following Hyundai acquisition, Boston Dynamics' CEO discusses the robotics pioneer's future

Hyundai Motor nominated Jaehoon Chang, global head of its premium Genesis brand, as the co-CEO and president on Tuesday, it said in a statement.

Hyundai Motor nominates Genesis head as new co-CEO

SoftBank Group Corp

The deal will leverage Boston Dynamics' and Hyundai's respective strengths in manufacturing, logistics and automation.

Hyundai Buys Boston Dynamics From SoftBank In $1.1 Billion Deal

Hyundai Motor Company (OTCMKTS: HYMTF) announced it is buying an 80% stake in Boston Dynamics in a deal that values the robotics company at $1.1 billion. These are the details.

Hyundai Buying Controlling Interest In Boston Dynamics From SoftBank

Hyundai has agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank, the South Korean automaker said Friday. The deal values the robot firm at $1.1 billion, Hyundai said, suggesting it offered $880 million for the 80% stake.

Hyundai has bought robot maker Boston Dynamics from SoftBank in a $1.1 billion deal

The goal of the acquisition is to transform human life through the advancement of robotics, according to Hyundai.

Hyundai buys 80% controlling stake in Boston Dynamics, maker of Spot the robot dog, for $921M - Roadshow

Hyundai Motor Group just bought itself a new robotic pet. The South Korean automaker announced plans Friday to take a controlling stake in Boston Dynamics, the cutting-edge tech firm known for its unsettlingly advanced dog-like robot.

Hyundai to take over robot-maker Boston Dynamics

BOSTON and SEOUL, South Korea and TOKYO, Dec. 11, 2020 /PRNewswire/ -- Hyundai Motor Group and SoftBank Group Corp. (SoftBank) today agreed on main terms of the transaction pursuant to which Hyundai Motor Group will acquire a controlling interest in Boston Dynamics in a deal that values...

Hyundai Motor Group to Acquire Controlling Interest in Boston Dynamics from SoftBank Group, Opening a New Chapter in the Robotics and Mobility Industry

An aggressive asset sales program advances.

SoftBank to Sell Most of Robot-Maker Boston Dynamics to Hyundai

Hyundai Motor Group on Friday reached a deal to buy a controlling stake in Boston Dynamics from Japanese investment group SoftBank Group.

Boston Dynamics — the company behind those scary robot videos — gets $1.1 billion valuation after Hyundai deal

Hyundai sees humanoid bots eventually being used in the healthcare sector “for sophisticated services such as caregiving for patients at hospitals.” Hyundai Motor Group has announced it is buying a majority stake in Boston Dynamics, the maker of the advanced robots seen in all those viral videos that seem to freak everyone out.

Hyundai is buying a majority in Boston Dynamics, maker of those acrobatic robots that freak everyone out

It's official. Boston Dynamics is becoming part of the Hyundai family (pending regulatory approval, naturally).

Hyundai buys controlling interest in Boston Dynamics

Hyundai and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank, Hyundai said on Friday.

Hyundai acquires majority stake in robot maker Boston Dynamics

South Korean automaker Hyundai Motor Group on Thursday said it is launching a brand dedicated to its hydrogen fuel cell system in a move meant to boost that business.

Hyundai Motor Group introduces dedicated fuel cell brand

Hyundai brings together 20-plus years of hydrogen technology to usher the new energy age SEOUL, South Korea, Dec. 10, 2020 /PRNewswire/ -- Hyundai Motor Group today introduced 'HTWO', a new brand to represent the group's world-leading hydrogen fuel cell system. Building upon Hyundai's...

Hyundai Motor Group Launches 'HTWO' Dedicated Fuel Cell System Brand

Hyundai Motor Co is planning to recall a total of 50,864 Kona electric cars and Nexo fuel cell vehicles in South Korea due to faulty electronic braking systems, the transport ministry said.

Hyundai Motor to recall Kona EV, Nexo hydrogen SUVs to fix brakes

The current pandemic has shown the resiliency of Hyundai Motors' current strategy based around electrification and brand differentiation. Hyundai continued to increase its market share in key markets, while some of its newly launched SUVs are flying off the shelves.

Hyundai's Strategy Is Working Even In The Midst Of The Pandemic

Kia Motors is recalling 295,000 US vehicles due to the risk that their engines could catch fire, the automaker said Saturday, following a civil penalty Kia and affiliate Hyundai Motor agreed to pay after federal regulators said the automakers did not recall vehicles for engine issues in a timely fashion.  Reuters reported on Saturday that Kia, a Korean company with US headquarters in Irvine, California, said the recall will cover some vehicles models, including:

Kia is recalling 295,000 US vehicles over the risk of engine fires. Here are the models.

Kia Motors Corp said on Saturday it is recalling 295,000 U.S. vehicles for engine fire risks.

Kia recalls 295,000 U.S. vehicles for fire risks

Hyundai Motor Co is recalling 129,000 U.S. vehicles for an engine issue that can increase the risk of a fire, U.S. regulators said Friday.

Hyundai recalls 129,000 U.S. vehicles for engine issue

FOUNTAIN VALLEY, Calif., Dec. 2, 2020 /PRNewswire/ -- The Hyundai Palisade, Kona, Venue, and Accent models earned 2021 Consumer Guide Automotive Best Buy awards for their respective vehicle classes – midsize SUV, subcompact crossover and subcompact car. For an impressive fourth year in a...

Hyundai Receives Four Automotive Best Buy Awards from Consumer® Guide

South Korean automaker Hyundai Motor Company (OTC: HYMTF) is making headway in the electric vehicle market with its latest Electric-Global Modular Platform (E-GMP). The dedicated platform was revealed at the E-GMP Digital Discovery event in Seoul on Wednesday.

News for Hyundai Motor Company Stock (HYMTF)