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Hyundai Plans to Build Fourth Plant in China

Hyundai plans to build its fourth plant in China, part of its plan to increase production in other markets to offset the effect of the firm domestic currency compared with the falling yen. Hyundai’s vice chairman Hsueh Yung-hsing made this announcement today, May 10th, but it is not certain yet if company’s chairman Chung Mong-koo will approve this plan due to ...

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Hyundai unveils redesigned Tucson in South Korea

The South Korean based automaker Hyundai has recently unveiled a redesigned version of the Tucson ix on its local auto market. The redesigned version of the Hyundai Tucson, or the ix35 ...

Hyundai Chairman Denies Rumor About Hyundai New Plant in the US

Hyundai Chairman Chung Mong-koo said the automaker does not plan to immediately build a plant in the US. "We have no plan (for a new U.S. factory) for now," said Chung ...

Canada Auto Sales Up 9% in April on Pickup Truck Demand

Auto sales in Canada during April increased 9% due to strong demand for pickup trucks from the US car makers. Sales of light trucks, including minivans and SUVs, accounted for 55% ...

Hyundai Apologizes for ix35 SUV Commercial Depicting Failed Suicide Attempt

Hyundai apologized for its ix35 SUV commercial which depicts a man trying to commit suicide. The commercial, created by the Innocean Europe agency to be used in the UK, features a ...

[VIDEO] Hyundai teasing 2013 Pikes Peak race car

The South Korean based automaker Hyundai has recently released a first teaser video with a new race car, which will compete in the 2013 Pikes Peak International Hill Climb. One of ...

Hyundai Sales in China Brought Profit in Q1 Higher Than Analysts’ Estimates

Hyundai’s profit during first quarter surpassed analysts’ estimations, due to record sales in China. Hyundai’s net income dropped to 2.09 trillion won ($1.9 billion) from 2.45 trillion won during the same ...

Shanghai: Hyundai Mistra Concept

The South Korean based automaker Hyundai has recently unveiled the Mistra Concept during the 2013 Shanghai Motor Show, in a world premiere. The newest creation signed by Hyundai is named the ...

Labor Dispute at Hyundai’s South Korean Plants Affects Production

Hyundai announced that the labor dispute at its South Korean plants have caused a production loss of $730 million. Hyundai manufactures almost half of its vehicles in South Korea and these ...

2014 Hyundai Sonata to be more appealing to its future customers

The South Korean based automaker Hyundai is planning to upgrade the Sonata for the 2014 model year in order for the vehicle to become more appealing to its future customers. The ...

Luxury Automakers Plan to Assemble Vehicles in India to Avoid Import Tax

Luxury automakers try to boost sales in India by assembling the vehicles in this country. As automakers have to pay a ...

Luxury Auto Market Growth in China Down 8.34% in the First Quarter

During the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the ...

Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi Dealership

High-tech thieves managed to steal a grey Audi RS4 Quattro Avant estate two days ago, even if the car was ...

Tata Delays Plans of Building Plant in Thailand

As Tata tries to deal with a drop in demand it has decided to postpone the development of the new ...

Audi Surpassed BMW in India Luxury Auto Sales

Audi managed to surpass BMW and become the largest seller of luxury vehicles in India. Over the past years the luxury ...

GM Stock Surpasses 2010 IPO Price

Today, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will ...

PSA Workers at Aulnay Plant End Four-Month Strike

Peugeot’s workers at the Aulnay plant accepted to end the 4-month strike held for the plant’s closure. The workers will end ...

Jaguar Plans to Upgrade Its Dealerships in the US

Jaguar plans to refurbish its dealerships in the US as it prepares for a wave of new products. The automaker with ...

VW April Sales Up 7%

VW reported sales up 7% to 784,600 vehicles in April, after a drop of 0.2% in March. "Nevertheless, the market environment ...

Volvo April Truck Sales Down 2%

Volvo sales dropped 2% to 16,572 vehicles in April, compared with the same month last year. Sales in Europe dropped 7% ...

Tesla Plans to Repay Energy Department Loan

Tesla plans to raise $1.08 billion to build cash reserves and repay the loan offered by the Energy Department. CEO Elon ...

Michelin Comes With New Agreement for Its French Plants

Michelin plans to implement new rules at its facilities in France, aimed at adjusting capacity and avoiding lay offs, as ...

George Michael Involved in Car Crash in England

Thursday night, May 16th, George Michael was injured in a car crash which took place on the M1 motorway at ...

Sale of the Nurburgring Race Track Began This Week

The bidding for the Nurburgring race track started this week, and the final price is expected to reach about £100 ...

Fiat Does Not Plan to Move Headquarters to the US

Fiat CEO Sergio Marchionne said that the company does not plan to move its headquarters to the US. "This issue, treated ...

Ferrari joins Lotus in tyre tweak criticism

May 17 (GMM/Inautonews.com) Ferrari has joined Lotus in criticising Pirelli's mid-season tyre tweak. Following early-season criticism, culminating in the furore ...