SEOUL Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received government backing.
SEOUL, Oct 15 Hyundai Motor Group said on
Tuesday that it plans to invest 41 trillion won ($34.65 billion)
in mobility technology and strategic investments by 2025, as
South Korea's top automaker accelerates its attempts to catch up
in the self-driving car race.
SEOUL South Korea's Netmarble was named the preferred bidder on Monday for a stake in water purifier rental firm Woongjin Coway valued at $1.3 billion, as the gaming company seeks to diversify its revenue streams.
SEOUL Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea.
SEOUL Aiming to cash in on a major push by South Korea to promote fuel cell vehicles, Sung Won-young opened a hydrogen refuelling station in the city of Ulsan last September. Just one year on, he's thinking about closing it down.
SEOUL/NEW YORK Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.
SEOUL Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv, the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.
* Aptiv to own 50% of venture
(Adds background on Aptiv customers, rivals, Hyundai's
SEOUL South Korea plans to file a complaint over Japan's tighter export controls at the World Trade Organization on Wednesday, accusing Tokyo of being "politically motivated" and "discriminatory" in an escalating row rooted in wartime history.