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The Latest Breaking News from Hyundai Motor Co

US-South Korea Trade Talks Over Auto Tariffs, Visa Rules To Continue Following Hyundai EV Plant ICE Raid

South Korea's top trade negotiator, Yeo Han-koo, said that trade negotiations with the U.S. over auto tariffs remain in progress following the recent raid at Hyundai Motor Co. (OTC:HMYLF) battery plant in Georgia conducted by the Immigration and Customs Enforcement (ICE).

Benzinga

Charter Plane At Atlanta Airport To Take Detained South Korean Workers Home Today Amid Hyundai ICE Raid Row

South Korean officials say that a charter plane currently stationed at the Atlanta airport will take detained South Korean factory employees back following ICE raids at Hyundai Motor Co.'s (OTC:HYMLF) Georgia battery plant.

Benzinga

Amid Hyundai's Georgia ICE Raids, Trump Asks Companies To 'Respect' Immigration Laws: 'We Encourage You To Legally...'

President Donald Trump has called upon companies investing in the U.S. to "respect" immigration laws following ICE raids at Hyundai Motor Co.'s (OTC:HYMLF) battery plant in Georgia.

Benzinga

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ICE Raids Hyundai-LG Georgia Battery Plant In Record 475-Worker Sweep, South Korea Slams US Over 'Unfair' Crackdown

Immigration and Customs Enforcement’s Homeland Security Investigations executed its largest single-site raid on Thursday, detaining 475 workers at the Hyundai Motor Co. (OTC:HYMTF)-LG Energy Solution Ltd. battery manufacturing facility under construction in Georgia.

Benzinga

GM, Hyundai Partner To Launch 5 New Models By 2028, Target 800K Annual Units

General Motors Co. (NYSE:GM) has announced a partnership with Korean automaker Hyundai Motor Co. (OTC:HYMTF) to develop over 5 new models amid rising competition from Chinese automakers.

Benzinga

Reuters wins George Polk Award for uncovering child labor in Hyundai supply chain

A team of Reuters reporters on Monday won a George Polk Award for reports that revealed the widespread use of child labor among suppliers to Hyundai Motor Co in the U.S. state of Alabama.

Reuters

Hyundai unveils sedan version of cult EV

SEOUL: Hyundai Motor Co unveiled a sedan version of its cult electric vehicle yesterday, with an interior that can beam different colours depending on the speed of the car, as the automaker continues its ambitious EV push with an eye on challenging rivals such as Tesla Inc and General Motors…

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Hyundai, Affiliates Plan To Set Up New Company In US: Reuters

Hyundai Motor Co (OTC:HYMTF) is planning to launch a company along with its two affiliates in the U.S., Reuters reported. Through the move, the company plans to strengthen its presence in the U.S. by exploring business opportunities. In May, Hyundai said it would invest more than $10 billion in the U.S. by…

Benzinga

Sorry, Elon Musk: Hyundai is quietly dominating the EV race

Pipe down for a second Elon, the hottest things in the auto industry — the most electric electrics — now come from Hyundai Motor Co.

Bangkok Post

Hyundai Reveals 2023 Palisade Pricing

Hyundai Motor Co (OTC:HYMTF) has released pricing for the new 2023 Palisade SUV, including its new XRT model. The 2023 Palisade has an upscale interior, advanced technologies, new convenience features, and safety content. Palisade will also offer a new, dark-themed, rugged XRT model to complement the existing Santa Fe and Tucson XRT models…

Benzinga

Read How Hyundai Motor America Performed In May

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported sales of 59,432 units for the month of May, a 34% decrease year-over-year. The automaker had no fleet sales in May 2022. The company has sold 280,776 units year-to-date, a 16% decline Y/Y. Randy Parker, SVP, national sales, Hyundai Motor America, said, "We expect demand…

Benzinga

Hyundai To Recall 281,000 Vehicles Over Exploding Seat-Belt Part: Reuters

Hyundai Motor Co (OTC:HYMTF) will recall 281,000 vehicles in North America over fears of seat-belt pretensioners exploding, Reuters reported. The report noted that there were three injury reports caused by the explosion of seat-belt pretensioners, projecting the metal fragments. The recall will include some 2019-2022 Accent, 2021-2023 Elantra, and 2021-2022 Elantra hybrid vehicles. …

Benzinga

Hyundai Motors Into NFTs

The Korean automaker is collaborating with Meta Kongz on non-fungible token projects.

Zenger

Hyundai To Start EV Production In US: Reuters

Hyundai Motor Co (OTC:HYMTF) plans to start electric vehicles production in its Montgomery assembly line in the U.S., Reuters reported. The auto major will invest $300 million to build the Electrified Genesis GV 70 and a hybrid version of the Santa Fe at its U.S. manufacturing center. The report noted this marks the…

Benzinga

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Worksport To Produce Working Models For Upcoming Hyundai Vehicle

Worksport Ltd (NASDAQ:WKSP) has recently signed a letter of understanding with Hyundai America Technical Center Inc (HATCI) to produce prototypes of the Worksport SOLIS and a modified version of the COR energy storage system. HATCI, a division of Hyundai Motor Co (OTC:HYMTF), has provided Worksport 3D Data specifically for the Hyundai Santa Cruz's bed geometry. The working…

Benzinga

Hyundai Motor America Registers 1.4% Retail Sales Growth In Q1

Hyundai Motor Co's (OTC:HYMTF) Hyundai Motor America reported a 1.4% increase year-over-year in Q1 FY22 retail sales. Total Q1 sales declined 4%. The company reported Q1 retail sales of 159,676 units versus 157,470 units last year. Electrified vehicle retail sales increased 241% Y/Y. Hyundai's March 2022 sales fell 21% Y/Y to 59,380 units.…

Benzinga

Hyundai Motor America Posts 10% Jump In January Sales

Hyundai Motor Co (OTC:HYMTF) said its U.S. sales for January increased 10% year-on-year to 47,872 units. Sales of Hyundai Tucson and Venue jumped 64% and 70% respectively to 13,085 units and 2,290 units. "High levels of consumer interest across our product lineup resulted in record-breaking January sales even as we continue to navigate…

Benzinga

IonQ, Hyundai Motor Join Forces To Create Better Quality Batteries

IonQ Inc (NYSE:IONQ) collaborated with Hyundai Motor Co (OTC:HYMTF) to use quantum computers to develop efficient batteries. The partnership pairs IonQ’s expertise in quantum computing and Hyundai’s expertise in lithium batteries. Together, the teams are creating the most advanced battery chemistry model. “This creative collaboration with IonQ is expected to provide innovation in the…

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