Not satisfied with just knocking it out of the park following the release of the quirky and highly-lauded IONIQ 5 EV crossover last year, Hyundai served up another wow moment unveiling the IONIQ 6 sedan at the 2022 LA Auto Show. Its curvy silhouette, particularly the dramatically arcing nose and roofline, is certainly interesting to…
Park Outside: Hyundai Recalls SUVs for Fire Risk in Computer
DETROIT—Hyundai is telling the owners of more than 44,000 SUVs in the United State to park the vehicles outdoors because they can catch fire even if the engines are off. The automaker says certain 2018 Santa Fe Sport models should be parked away from other vehicles and structures until they are repaired as part of…
Hyundai to Build $5.5 Billion US Electric Vehicle Plant, as New Tax Law Dims Sales Outlook
South Korean automaker Hyundai Motor publicly broke ground at an opening ceremony for a $5.54 billion electric vehicle (EV) and battery plant in Georgia. The new plant in Bryan County, which is 30 miles west of Savannah, is the biggest economic development project in Georgia’s history, after a series of new EV and battery project…
US Accuses Hyundai Supplier of Child Labor Violations at Alabama Factory
The U.S. Department of Labor (DOL) has accused a Hyundai Motor parts supplier of violating federal child labor laws at a factory in Alabama, according to multiple reports. In federal court filings reviewed by Reuters, investigators found that SL Alabama LLC of Alexander City employed underaged workers in violation of the Fair Labor Standards Act,…
Park Outside: Fire Risk Prompts Hyundai, Kia Hitch Recalls
DETROIT—Hyundai and Kia are telling owners of some of their large SUVs to park them outdoors and away from buildings after a series of fires involving trailer hitch wiring. The Korean automakers are recalling more than 281,000 vehicles in the U.S. because of the problem, but they haven’t figured out how to fix it yet….
South Korea’s Hyundai Mobis Aims to Separate Key Businesses Into New Units
SEOUL—South Korean auto parts maker Hyundai Mobis Co. Ltd. said on Thursday it was considering separating its modules and key parts production businesses into new wholly owned units in an effort to enhance each segment’s expertise and maximize efficiency. Hyundai Mobis, an affiliate of automaker Hyundai Motor Co., said in a regulatory filing it aims…
Hyundai to Pay $19.2 Million for Widespread Credit-Reporting Failures: US Regulator
A U.S. regulator has ordered a Hyundai Motor Company affiliate to pay $19.2 million for repeatedly giving credit-reporting agencies inaccurate information about its customers, including that they were delinquent on loans and leases. Hyundai Capital America, which serves about 1.7 million drivers of Hyundai, Kia, and Genesis vehicles, agreed on Tuesday to pay a $6…
LIVE NOW: CEO: Raising Tax on Small Biz Detrimental; Producer Price Index Near Record Highs | NTD Business
America’s biggest bank underperforms while building up its reserves in case of bad loans. What does this tell us about the economy? A new bill aims to raise taxes on small American businesses. We talk to a small business owner about how it will affect her. Hyundai unveils a new all-electric vehicle with a new…
CEO: Raising Tax on Small Biz Detrimental; Producer Price Index Near Record Highs | NTD Business
America’s biggest bank underperforms while building up its reserves in case of bad loans. What does this tell us about the economy? A new bill aims to raise taxes on small American businesses. We talk to a small business owner about how it will affect her. Hyundai unveils a new all-electric vehicle with a new…
US, South Korea Strengthen Economic Ties Through ‘Semiconductor Alliance’
May 28, 2022
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New Analysis South Korea-U.S. economic ties are changing amid supply chain worries, high-tech competition, and concerns over national security. Having China as its largest trading partner, South Korea had, for over a decade, managed to mostly maintain balanced economic ties between the two powerhouses. However, recently, Seoul has made a clear shift in cementing a…
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