DETROIT—The U.S. government’s road safety agency has paid more than $24 million to a whistleblower who reported that Hyundai and Kia moved too slowly to recall over 1 million vehicles with engines that could freeze up or catch fire. The National Highway Traffic Safety Administration says the award is the first it has paid to…
Hyundai Motor’s Q3 Profit Misses Estimates as Chip Shortage Takes a Toll
SEOUL—South Korea’s Hyundai Motor Co. slightly missed analysts’ profit estimates as the global chip crisis drove down vehicle shipments and it said it expects it will take a long time to get back to normal chip supplies. Hyundai, which together with affiliate Kia Corp. is among the world’s top 10 automakers by sales, reported a…
Hyundai Motor Aims to Develop Chips, Cut Reliance on Chipmakers
SAN FRANCISCO—Hyundai Motor’s global operating officer said on Wednesday the automaker wants to develop its own chips to reduce reliance on chipmakers. A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year. Hyundai temporarily suspended some factories,…
Hyundai Heavy Industries Shares Jump Above IPO Price on Debut
SEOUL—Hyundai Heavy Industries’ shares closed 86 percent above their initial public offering (IPO) price on their trading debut in South Korea on Friday. The shipbuilder, one of the largest in the world, raised $935 million from its IPO, with much of the proceeds set to fund investments in new technology. A total of 1,633 domestic…
Hyundai to Offer Hydrogen Fuel Cell Versions of All Commercial Vehicles by 2028
SEOUL—Hyundai Motor Group said on Tuesday it plans to offer hydrogen fuel cell versions for all its commercial vehicles by 2028 and will cut the price of fuel cell vehicles to battery electric levels two years later. The group, which comprises Hyundai Motor Co and Kia Corp, currently has one fuel cell bus and one…
Hyundai Motor Set to Use Internally Developed Chip for Upcoming Car: Report
SEOUL—South Korea’s Hyundai Motor Co. plans to use an auto chip it has developed itself for one of its upcoming vehicles next year, the Seoul Economy Daily reported on Friday. Hyundai Motor, which together with affiliate Kia Corp is among the world’s top 10 biggest automakers by sales, plans to internally develop a silicon carbide…
Hyundai, Kia Recall 600,000 Vehicles to Fix Trunk Latch Problem
DETROIT—Hyundai and Kia are recalling more than 600,000 vehicles in the United States because damage to the trunk latches can stop them from being opened from the inside. The recall covers certain 2016 through 2018 Kia Forte and 2018 and 2019 Kia Rio small cars. Also included are certain Hyundai Sonatas from 2017 and 2018,…
Hyundai to Invest $7.4 Billion in US by 2025, With Electric Cars in Focus
South Korea’s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions. The announcement came before U.S. President Joe Biden meets with South Korean President Moon Jae-in in Washington next week in…
2021 Hyundai Elantra Limited
My Elantra was powered by a 2.0L 4-cylinder engine capable of producing up to 147 horsepower. It features Dual Continuous Variable Valve Timing (D-CVVT), and the power is regulated through Smartstream Intelligent Variable Transmission (IVT) which is Hyundai’s new implementation of CVT with simulated gear shifts. The drivetrain will achieve up to 31 mpg in…
Hyundai Recalls Over 390,000 Vehicles for Possible Engine Fires
DETROIT—Hyundai is recalling more than 390,000 vehicles in the United States and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made. The largest recall covers more than 203,000 Santa Fe Sport SUVs from 2013 through 2015. Some are being…
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