Business / Corporate Dec 13, 2020
SoftBank sells controlling stake in Boston Dynamics to Hyundai
The Japanese conglomerate will keep a 20% stake through one of its affiliates and will work with South Korea's Hyundai to propel development.
Business Feb 5, 2020
Hyundai to halt South Korea output as new coronavirus disrupts parts supply
Hyundai Motor will suspend production in South Korea because the outbreak of the new coronavirus has disrupted the supply of parts, it said, becoming the first major carmaker to do so outside of China. The flu-like virus has killed more than 400 people and its ...
Business / Corporate Jan 15, 2020
Hydrogen vehicles picked up pace in 2019 amid race to net zero emissions
Shipments of hydrogen fuel cells grew by more than 40 percent last year as proponents of the technology worked to establish it alongside lithium-ion batteries as a way to remove pollution from transportation. Companies delivered about 1,100 megawatts of hydrogen fuel cells in 2019, up ...
Business / Tech Dec 23, 2019
'A mini-China story': Vietnam-linked hacking group targets Toyota and others
A Vietnam-based hacking group is learning from China's playbook, using increasingly sophisticated cyberattacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to be tied to the Vietnamese ...
Business Sep 24, 2019
Why Asia's biggest economies are backing hydrogen fuel cell cars
by Kevin Buckland
Japan, China and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. But to date, hydrogen fuel cell vehicles (FCVs) have been upstaged by electric ...
Business / Tech Sep 5, 2019
Automakers to add alerts to prevent child deaths from heat stroke
Automakers pledged to equip nearly all new cars with reminders to check the rear seats for children, a move that one safety advocate says doesn't go far enough to prevent dozens of children who die each year from heatstroke after being left in vehicles. Under ...
Business / Economy Aug 23, 2019
Toyota and Hyundai latest to halt output and shed workers in India as car sales slump worsens
With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters. Japanese carmaker Toyota Motor and South Korea's Hyundai Motor ...
Business / Corporate Apr 18, 2019
Japanese and other automakers tout SUVs at New York auto show
Automakers on Wednesday gathered at this year's New York International Auto Show where Japanese carmakers unveiled all-new sport utility vehicles amid growing demand for light trucks over passenger vehicles. Toyota Motor Corp. introduced its 2020 Highlander, a midsize family-friendly SUV that ushers in the model's ...
Business Mar 11, 2019
South Korea day trader gave 'peace stocks' a chance and cashed in on Kim-Trump summit collapse
For Jung Jae-hoon, a 37-year-old day trader in South Korea, the botched Trump-Kim summit was a success: The volatility that rattled the market helped him earn a nice profit. Minutes before the market closed on Feb. 28, so-called peace stocks — a group of companies ...
Business Aug 14, 2018
South Korea's 'Hyundai Town' faces grim future with idled shipyard, rise in suicides
by Hyunjoo Jin and Heekyong Yang
When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary. But the 52-year-old was laid off in January, ...
Business Jul 2, 2018
BMW and Hyundai join GM in pressing U.S. to drop tariffs, to preserve jobs and expansion plans
BMW AG and Hyundai Motor Co. have urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as "smoke and ...
Business May 25, 2018
The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of ...