Business, Technology, Autonomous, TCA

Hyundai to Start Mass Production of Driverless Cars in 2024

Hyundai vehicle SeongJoon Cho/Bloomberg News

South Korean carmaker Hyundai Motor Group will start mass production of self-driving cars within the next five years, said Chung Euisun, the heir to the auto giant, as he made a hefty investment in a joint venture the company established with Aptiv on Sept. 23.

Cho Chung-Un | Asia News Network
September 30, 2019
Business, Technology, Autonomous

Hyundai to Set Up $4 Billion Driverless Car Venture

Hyundai SeongJoon Cho/Bloomberg News

Hyundai Motor Group will spend $1.6 billion to develop autonomous vehicles with Aptiv Plc, marking one of the biggest investments yet by a traditional carmaker into the burgeoning robocar industry.

Kyunghee Park | Bloomberg News
September 23, 2019
Business, Technology

Hyundai Set to Penetrate US Pickup Market

Hyundai Hyundai Santa Cruz (Raymond Boyd/Bloomberg News)

Hyundai Motor Co. expects to enter the U.S. pickup market soon with what likely is to be an American-made vehicle aimed at luring buyers who aren’t traditional truck owners, an executive said July 8.

Chester Dawson | Bloomberg News
July 9, 2019
Business, Technology

Hyundai Plans $40 Billion in Spending Over Next Five Years

Hyundai Krisztian Bocsi/Bloomberg News

Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc.

Ville Heiskanen | Bloomberg News
February 27, 2019
Business, Logistics

China’s Car Slowdown Begins to Bite as Hyundai Lays Off Workers

Hyundai Logo SeongJoon Cho/Bloomberg News

As China’s car industry loses its shine, automakers are starting to buckle up for the downward slope with Hyundai Motor Co. announcing it is letting workers go and is reviewing production plans in the world’s biggest market.

Sohee Kim | Bloomberg News
January 25, 2019
Business, Technology, Fuel

Hyundai Plans $6.7 Billion Investment to Boost Fuel-Cell Output

Hyundai David Paul Morris/Bloomberg News

Hyundai Motor Group and its suppliers plan to spend $6.7 billion (7.6 trillion won) through 2030 to raise production of fuel cells more than 200-fold as the South Korean automaker targets becoming a key player in new-energy vehicle technology.

Sohee Kim | Bloomberg News
December 12, 2018
Business, Equipment

Hyundai Translead Offers Air Disc Brake from Bendix Spicer

John Sommers II for TT

Bendix Spicer Foundation Brake’s ADB22X-LT air disc brake now is offered by trailer maker Hyundai Translead.

June 23, 2017
Business, Logistics

Hyundai Merchant Marine to Buy Minority Stake in Total Terminals International

Hyundai Merchant Marine will buy a 20% stake in Total Terminals International, agreeing to a $15.6 million deal with Mediterranean Shipping Co. on Jan. 19, one day after a U.S. bankruptcy court approved MSC’s purchase from the bankrupt Hanjin Shipping Co.

Ari Ashe | Staff Reporter
January 20, 2017
Government, Business

ATA’s Chris Spear to Join Hyundai

Chris Spear, senior vice president at American Trucking Associations, will leave the federation in October for a position at the Hyundai Motor Co., ATA announced Sept. 10.

September 10, 2015

Report: Hyundai to Enter US Commercial Heavy-Duty Truck Market

Hyundai Motor Co.

Hyundai Motor Co. said it will spend $1.8 billion by 2020 to expand its commercial-vehicle market share and enter the U.S. commercial heavy-duty truck market, Reuters reported.

February 19, 2015