January 9, 2008 |
Hyundai Motor Co. launched its rear-wheel drive Genesis luxury sedan Tuesday, a car the South Korean company sees as its ticket into the ranks of the world's top-end automakers. Hyundai preceded the introduction by showing a promotion film featuring a decidedly James Bond-like actor driving the sleek, road-hugging vehicle. The screen then receded to reveal an orchestra and three South Korean tenors who gave a live performance of "Nessun dorma," an aria from Puccini's opera "Turandot."
September 7, 2007 |
In South Korea, the rule of law was no match for the strength of Hyundai Motor Co. Convicted of embezzling $110 million, Hyundai Chairman Chung Mong-koo was deemed too important to South Korea's economy to be sent to prison, an appeals court ruled late Thursday. The three-judge panel suspended his three-year prison sentence, a decision denounced by corporate reform activists. "It's ridiculous and shameful," Kim Sang-jo, a professor at Hansung University in Seoul, said today of the ruling.
June 5, 2007 |
When it comes to car quality, think Korean. Hyundai Motor Co. leads in four categories with five models in the annual vehicle quality study released Monday by Strategic Vision Inc., a San Diego-based market research company and consultant to automakers. Hyundai's rise in the rankings is only the latest sign of the improved overall quality and declining number of defects in today's cars and trucks, said David Cole, chairman of the Center for Automotive Research in Ann Arbor, Mich.
CALIFORNIA | LOCAL
May 24, 2007 |
The family of a professional musician killed in a hit-and-run accident in Orange County filed a lawsuit Wednesday against Hyundai Motor America, alleging that company officials helped one of their colleagues leave the country before he could be questioned by police. Wylie A.
April 5, 2007 |
Hyundai Motor Co., working to grow beyond its reputation for economy cars, said it would begin selling a high-end sedan in the U.S. in 2008 to compete with luxury brands such as Toyota Motor Corp.'s Lexus. Hyundai expects the Genesis concept, unveiled at the New York International Auto Show, to capture sales from some Lexus models as well as DaimlerChrysler's Mercedes-Benz E-Class. Some Genesis models may cost about $35,000.
March 14, 2007 |
Hyundai Motor Co. plans to be producing 300,000 gasoline-electric or diesel-electric powered vehicles annually by 2015. The company aims to develop cars with fuel efficiency that is 50% greater than current models, the South Korean Ministry of Commerce, Industry and Energy said. The plan includes production from Hyundai affiliate Kia Motors Corp. Hyundai is trying to catch up with Japanese automakers Toyota Motor Corp. and Honda Motor Co., which already sell hybrid vehicles.