Hyundai Motor’s planned $3 billion IPO in India will help the carmaker score two goals in one go: expand in one of the world’s fastest growing markets and tackle the so-called “Korea discount” that suppresses the value of its business back home. Hyundai, India’s second-biggest carmaker behind Maruti Suzuki with a 15% market share, has … Read more
Good morning! It’s Tuesday, February 13, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Electric Car Charging Still Sucks, But That Might Change 1st Gear: Stellantis Adding Tesla Charger In 2026, Now … Read more
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to … Read more
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to … Read more
Automotive workers in the American south are on the verge of ushering in a new era of unionized solidarity. Just weeks after workers in a Tuscaloosa, Alabama, Mercedes-Benz facility began campaigning to unionize, similar efforts are taking off at Hyundai’s plant just two hours away in Montgomery. Workers in the plant have been given large … Read more
Hyundai Motor India on Thursday said its wholesales rose by 8.5 per cent to 67,615 units in January. The automaker had dispatched 62,276 units in the same month last year. Domestic sales saw an increase of 14 per cent to 57,115 units last month from 50,106 units in the year-ago period. Exports, however, declined by … Read more
The country’s leading carmakers including Maruti Suzuki and Hyundai are off to a good start in the new year and are on way to post their best January sales riding on sustained consumer demand, especially for high-margin sports utility vehicles (SUVs).As per industry estimates, 375,000-376,000 hatchbacks, sedans and utility vehicles will be dispatched from factories … Read more
Despite all the evidence to the contrary, Stellantis CEO Carlos Tavares said in a recent interview that electric vehicles being capable of blistering acceleration is actually a safety feature. Ed Begley Jr. On The Past And Present Of Electric Vehicles Top Gear reports Tavares made the comments to journalists at the reveal of Stellantis’s new … Read more
Hyundai’s boxy, almost Land Rover-like redesign of its Santa Fe crossover stunned a lot of people. No matter what you think of the design, you can’t deny that it’s a dramatic glow-up over the outgoing generation. And now we finally know what it’ll cost as Hyundai has dropped pricing. Including $1,395 for destination, the 2024 … Read more
Has anyone else noticed how expensive cars have gotten in the past few years? Yeah, me too. It’s a bothersome thing for sure, but some of that bite is alleviated if the car is, you know, good. That’s exactly what we’re working with when it comes to the 2024 Kia EV9 GT-Line. It may have … Read more
