March 6, 2002 |
South Korea's Hyundai Motors has been making remarkable strides in the U.S., its sales soaring as its products improve. The latest example is the 2003 Tiburon GT V-6 sports coupe. Although not up to Japanese competitors' standards in all aspects, it is a powerful package, priced thousands less than the competition, and it suggests that Toyota, Mitsubishi and others interested in hanging on to their share of the youth performance market best start looking over their shoulders.
October 17, 2001 |
Hyundai Motor America Inc. said it will build a $25-million advanced-design studio and technical center in Irvine, joining a growing number of auto makers in the city's Spectrum office and industrial complex. The Fountain Valley-based U.S. arm of Hyundai Motor Co. of South Korea will share the facility with Kia Motors America, whose parent was acquired last year by Hyundai. The company reportedly paid almost $8 million for the 7.
July 6, 2001 |
Hyundai Motor America Inc. has won a $1.9-million award from a federal jury in Las Vegas that found that a dent repair company's employees defrauded the U.S. arm of South Korea's largest auto maker. The Fountain Valley company filed papers in court Thursday under federal racketeering laws to seek a court order tripling the award, which was rendered three weeks ago. The company's suit against three employees of closely held Ace-A-Dent Inc.
March 16, 2001 |
The U.S. units of Hyundai Motor Co. and Kia Motors Corp. in Orange County said Thursday that they have agreed to share parts-distribution centers in Atlanta and Aurora, Ill., to speed up deliveries to the South Korean auto makers' dealers. Kia, a subsidiary of Hyundai Motor, will use the largest South Korean auto maker's Illinois center starting April 2 to supply parts to 126 dealers in the Midwest, the companies said.
March 13, 2001 |
The federal government ended a 20-month investigation into Hyundai Accent air-bag systems that have been linked to the deaths of 10 children. The National Highway Traffic Safety Administration did not rule on the presence or absence of a safety defect when the bags are deployed but said there was insufficient evidence to warrant continued investigation. Almost 250,000 Accent models were equipped with the systems being investigated.
July 10, 2000 |
Figuring that what's done wonders for big brother will be good for little brother too, Irvine-based Kia Motors America today will launch its version of the auto industry's longest warranty--a carbon copy of the 10-year, 100,000-mile coverage offered by Hyundai Motor America. Providing the long-term warranty is an effort by the South Korean auto importer to assure potential customers that the quality of its vehicles has improved dramatically since they were introduced in the U.S. in 1994.
November 2, 1999 |
Hyundai Motor America, enjoying its best sales in a decade, plans to bring a near-luxury sedan to the U.S. by the end of next year, company President Finbarr O'Neill has confirmed. The long-discussed move would give the Fountain Valley-based importer an important "move-up" vehicle beyond its current lineup of small and mid-size cars while helping its parent, Seoul-based Hyundai Motor Corp., regain sales volume that it has lost because of South Korea's economic woes.
November 2, 1999 |
Hyundai Motor America, enjoying its best sales in a decade, plans to bring a near-luxury sedan to the U.S. by the end of next year, company President Finbarr O'Neill has confirmed. The long-discussed move would give the Fountain Valley-based importer an important "move-up" vehicle beyond its current lineup of small and mid-size cars while helping its parent, Seoul-based Hyundai Motor Corp., maintain sales volume that it has lost because of South Korea's economic woes.