Hyundai Motor Group chairman Chung Eui-sun is reportedly set to invest about 120 billion South Korean won (US$80 million) of his personal funds to boost his stake in U.S. robotics company Boston Dynamics, as the automaker seeks to strengthen its foothold in the emerging physical artificial intelligence (AI) sector. According to financial and industry sources on Sunday, Chung and other shareholders of Boston Dynamics are pursuing a plan to acquire the 9.65 perc

Exports of eco-friendly vehicles surpassed 100,000 units for the first time last month, according to a report released by the Ministry of Trade, Industry and Resources on Wednesday. South Korea's auto exports hit a record US$6.71 billion in June, up 5.8 percent from a year earlier and the highest level ever for the month. Eco-friendly vehicles led the growth, with exports surging 35.4 percent to 102,554 units, surpassing 100,000 units in monthly shipmen

Unionized workers at GM Korea on Wednesday began a two-day partial strike after wage talks broke down. The workers, who have been refusing overtime and weekend work since earlier this week, are staging the strike on Wednesday and Thursday, with the morning and afternoon shifts stopping work for four hours each. It comes after more than a dozen rounds of wage talks including one held the previous day collapsed as the automaker's labor and management fail

The clean-energy contest that upended the passenger car is now rolling into the world's freight lanes, where a single winning technology is proving far harder to crown. Global automakers spent the past decade racing to electrify the family car. That race is largely settled: battery power won. The next front is the heavy truck, and here the map is messier, split between the battery cells that conquered the driveway and the hydrogen fuel cells betting on the

Unionized workers at Hyundai Motor began a partial strike on Monday after wage negotiations with management broke down. The walkout marks the union's first strike this year and the second consecutive year it has gone on strike. Under the three-day strike plan, which runs through Wednesday with two-hour partial strikes each day, production staff on the morning shift will stop work two hours early at 1:30 p.m., while workers on the afternoon shift will also

Unionized workers at Hyundai Motor are expected to stage a three-day partial strike next week unless they reach a deal in ongoing wage negotiations. The union on Wednesday voted to hold a two-hour strike each day from next Monday through Wednesday before joining a nationwide general strike led by the Korean Metal Workers' Union on the final day. The move came after the collapse of their 15th round of talks earlier in the day, during which the c

SEOUL, July 07 (AJP) -Kia will retire its flagship K9 luxury sedan by the end of this year, industry officials and union sources said Monday, ending a 14-year production run as the automaker shifts investment toward electric vehicles, purpose-built vehicles and software-defined cars amid dwindling demand for large gasoline-powered sedans. The company has ruled out a facelift, a full redesign or even an annual model-year update, according to the sources, signaling that no successo

Hyundai Motor Group ranked seventh globally in electric vehicle sales for the first five months of this year, according to data released by market researcher SNE Research on Tuesday. Hyundai Motor and its affiliate Kia sold a combined 303,000 electric vehicles including plug-in hybrids from January through May, up 24.3 percent from a year earlier to retain seventh place, narrowing the gap with sixth-ranked Chinese automaker Changan to 27,000 vehicles from 78,

Hyundai Motor and Kia are expanding the use of their wearable robot beyond auto plants, testing the device in settings ranging from peach farms to one of the world's toughest endurance races. The companies released a video Sunday showing Choi Hye-rang, a young peach farmer in Eumseong, North Chungcheong Province, using the X-ble Shoulder wearable robot during farm work. Choi is the first recipient of the device through a support program run by the Non