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...Seoul’s defence ministry said it was actively co-operating with companies to secure the outstanding deals. Dapa, KAI, Hyundai Rotem and Hanwha Aerospace declined to comment....
...Geely and Hyundai declined to comment. BMW and Lucid did not immediately respond to a request for comment....
...Chery UK head Victor Zhang said the company was aiming to rival South Korean mass market carmakers Hyundai and Kia, which first entered the British market in the early 1980s and early 1990s, respectively...
...But James Smith, who oversaw a series of bruising campaigns at Samsung and Hyundai when he was head of Elliott Management’s Hong Kong office, said the case for investing in undervalued South Korean companies...
...The first seven proposals submitted recently by the private sector include bids from consortiums led by state-owned China Railway Construction; South Korea’s Hyundai Rotem, a Hyundai Motor unit focused on...
...The company aims to grow overall sales in North America, already its largest market, by 4.9 per cent in 2024 to reach 1.1mn units. Shares in Hyundai rose 1.8 per cent during trading on Thursday....
...“There are still limits,” said Hwang, citing the example of Turkey’s Altay battle tank, which was co-developed with Hyundai Rotem in the late 2000s, and has since emerged as a rival to the Korean company...
...“Korea lacks auto software engineers and Hyundai is weak in that field, so it is expanding co-operation with foreign tech companies....
...From 2025, customers who bought Hyundai’s “next-generation vehicles” would also be able to access Amazon’s Alexa voice assistant from the car, the companies said....
...Arrival, which was backed by Hyundai and valued at $15bn when it listed in 2021, has shed most of its workforce in the past two years to save costs....
...Hyundai’s exit from Chongqing comes as combined car sales in China by Hyundai and its Kia affiliate fell to 310,000 last year from nearly 1.8mn in 2016, as a result of free-falling sales of internal combustion...
...Chart of the day Since the start of the war in Ukraine, South Korea has emerged as one of the world’s top 10 defence exporters, with artillery producer Hanwha Aerospace, tank maker Hyundai Rotem and fighter...
...Brasília’s leftwing administration is offering tax breaks and incentives to companies producing low-emissions vehicles....
...Korean carmakers Hyundai and Kia have benefited from the trend, say dealers and industry analysts....
...Backed early by Hyundai, the company was once valued at $15bn when it listed on the Nasdaq exchange in 2021....
...SK On, a subsidiary of Korean petrochemical company SK Innovation, has concentrated the bulk of its foreign investments in the US, where it has formed joint ventures with car manufacturers Ford and Hyundai...
...In 2003, the Chinese company acquired Hyundai Display Technology, then a subsidiary of the Korean SK Group conglomerate....
...Her husband, Richard, also works for the company. Only one board director has left the company in recent years: Gil Rotem, an Israeli gambling executive, who ran Bet365’s online gaming business....
...The company, which has no revenues, warned more than a year ago it risked running out of cash....
...Korean makers, such as Hyundai Rotem, KAI, LIG Nex1 and Hanwha Aerospace, have a growing market in Asia, including to Taiwan....
...South Korea’s business landscape is dominated by the country largest conglomerates, including Samsung, Hyundai, LG and SK Group, which are controlled by their founding families through a complex series of...
...Carmakers such as Hyundai have poured billions into new facilities because of the act, while VW slowed plans for an eastern European battery plant to focus on North American investments....
...Stellantis’ announcement followed a meeting between executives and the leftist leader, the company said....
...Hyundai, which also runs a plant owned by sister brand Kia, earlier this month said it will increase workers’ pay by 25 per cent by 2028, while Honda and Toyota have announced smaller increases....
...New York City on Tuesday sued Hyundai Motor and its affiliate Kia as the number of reported stolen cars made by the South Korean companies doubled last year due to their lack of anti-theft devices....
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