Hyundai Motor and Kia are recalling more than 91,000 vehicles in the US due to a potential fire risk. The recall is prompted by a problem with the electronic controllers of the Idle Stop-and-go oil pump assembly. Damaged electrical components within the assembly can result in the pump overheating, which could lead to a fire. … Read more
Production is due to begin by 2025. Hyundai Motor last opened an automobile factory in South Korea in 1996. It would invest $5.5 billion to build EV and battery manufacturing facilities in Georgia. Hyundai Motor Co (005380.KS) said on Tuesday it would fabricate a devoted electric vehicle (EV) production line in South Korea that will … Read more
The South Korean automotive manufacturer, Hyundai Motors has recently announced to manufacture its semiconductor chips from now onwards. The company has taken this decision so as to become more self-reliant and least dependent on various chipmakers. The automobile manufacturers halted their production as the demand for cars dropped during pandemic, while simultaneously electronics manufacturers began … Read more
