Hyundai Financial News

deal with General Motors will raise pay across the industry, force automakers to absorb higher costs, and help reshape the auto business as it shifts away from gasoline-fueled vehicles. Workers at Stellantis, the maker of Jeep, Dodge, and Ram vehicles, voted 68.8% in favor of the deal. Their approval brought to a close a contentious labor dispute that included name-calling and a series of punishing strikes that imposed high costs on the companies and led to significant gains in pay and benefits for UAW workers.

By Abhirup Roy

By David Shepardson and Nathan Gomes

Hyundai in the near future, India Managing Director Unsoo Kim said, adding, the company expects nearly a fifth of its global sales to come in from the country in the next 2-3 years. Indian subsidiary Hyundai Motor India (HMIL) — which contributed 18.6% to global sales in the first half of the year — is looking at growing by 8.5-9% to post its best-ever sales of 600,000 units in the local market in the ongoing calendar year. Unsoo Kim, Managing Director, Hyundai Motor India Limited (HMIL) said, “I see the Indian market very positively.

Amazon. Moreover, the report highlights that customers on Amazon can also opt for a financing scheme and finish the complete process of transaction. The customer can also choose to get their cars delivered at their address or they can visit a nearby dealership to get their car models.

LOS ANGELES (Reuters) — Amazon will begin selling Hyundai vehicles online in the U.S. starting next year, the two companies said on Thursday.

Want to buy a car on Amazon

Korean automaker, Hyundai Motor (OTC:HYMTF) announced Monday that the company will raise wages for nonunion production workers at its Alabama factory by 25% by 2028. The announcement comes weeks after the United Auto Workers (UAW) union won substantial concessions from the Detroit Three.

Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers

By David Shepardson

By David Shepardson

By Heekyong Yang

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Lucid commits to NACS in 2025; Tesla slumps in China; and XPeng delivers big.

Kia Seltos, a prominent player in the compact SUV segment, underwent an update. This comprehensive update introduced new features to enhance the Seltos' overall package. However, the standout feature in the Seltos' design is its lighting arrangement, featuring LED Daytime Running Lights (DRLs) incorporated within the LED headlights, along with dynamic function indicators illuminated by LEDs.

New Delhi: A year ago, Maruti Suzuki India Ltd’s share of the Sports Utility Vehicle (SUV) pie was just 9.5%, way thinner than then leader Tata Motor’s 22.6% slice. Indeed, Maruti was then the fifth biggest SUV maker in the country, even trailing South Korea’s Kia, which had entered the market in 2019. However, in the first half of 2023-24, Maruti, long renowned as a maker of frugal, fuel-efficient small cars, nosed ahead of Mahindra to become the largest SUV maker in the country.

According to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.

Indian auto industry, green sustainable mobility a.k.a. carbon neutrality is the new buzzword as companies go beyond electric vehicles. Passenger vehicle launches in the alternative fuel space — hybrids, CNG, electric have seen a sharp increase with traditional fuel vehicles experiencing a relative slowdown. The industry saw 24 CNG PV launches this fiscal as compared to 14 in FY 20. In the case of electric, there were 31 PV launches as compared to 7 models in FY20. Strong hybrids have also seen increased traction, with sales outpacing electric for the first time in last 2 months. Petrol model launches at 111 were lower by 21% and diesel at 54 down by 61%, according to Jato Dynamics. Even though EVs will play an important role, there seems to be a co-existence of various technologies with a substantial share of NEVs (new energy) and ICE (internal combustion engines) vehicles, say leading car makers. Maruti Suzuki senior executive director Shashank Srivastava expects 15% of the portfolio for the country's largest carmaker to be electric by 2030, with 25% strong hybrids and 60% a mix of petrol, CNG, biofuels and flexi-fuels.

By Ben Klayman

(Reuters) -More automakers signed up to access Tesla (NASDAQ:TSLA)'s electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard.

NIIF) and Macquarie Group are in early stages of discussions to acquire a significant minority stake in Tecso Charge Zone, which operates top electric vehicle (EV) charging stations Charge+Zone, said multiple people aware of the development. According to people aware of the development, Charge Zone is likely to raise about ₹300-350 crore from these investors. It's part of the series B round -where the startup plans to raise about $110 million (₹900 crore) at ₹1,500 crore valuation, said sources.

NEW DELHI : Maruti Suzuki India Ltd, the country’s largest carmaker, is seeing a surge in deliveries as it fulfils long-standing orders for new models amid easing chip availability and high consumer interest during the ongoing festive season. The carmaker delivered over 310,000 units, a growth of 19% year-on-year in the 70-day period between 17 August, the start of the Chingam month, which kicks off Onam festivities in Kerala, and the end of the Navratri period on 24 October, a top company executive said.