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Hyundai Motor Group sales up in U.S., home market share slips in March

SEOUL, April 2 (Yonhap) -- Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said Wednesday that its U.S. sales moved up 3.7 percent in March, while its hold on the domestic market slipped slightly. The conglomerate said combined sales of cars made by Hyundai Motor Co. and affiliate Kia Motors Corp. in the United States stood at 121,782 units last month, up from 117,431 tallied a year earlier. The total is equivalent to 17.3 percent of all 703,534 cars sold worldwide by the two companies during the month.

Kia to sell China-only car this year, eyes 15 pct rise in China sales

BEIJING, April 2 (Yonhap) -- Kia Motors Corp., South Korea's second-largest carmaker, will begin selling a new car tailored for the Chinese market this year as it targets to sell 15 percent more vehicles this year in the world's largest auto market, a company official said Wednesday. Kia is preparing to roll out the China-only model in the second-half of this year, the official said on the condition of anonymity, declining to reveal details of the new model.

Kia to sell China-only car this year, eyes 15 pct rise in China sales

BEIJING, April 2 (Yonhap) -- Kia Motors Corp., South Korea's second-largest carmaker, will begin selling a new car tailored for the Chinese market this year as it targets to sell 15 percent more vehicles this year in the world's largest auto market, a company official said Wednesday. Kia is preparing to roll out the China-only model in the second-half of this year, the official said on the condition of anonymity, declining to reveal details of the new model.

2014 Busan int'l motor show to be largest ever, 3 world premieres planned

SEOUL, April 1 (Yonhap) -- The upcoming Busan International Motor Show will be the largest of its kind with three new vehicles to be unveiled for the first time during the 11-day event, organizers said Tuesday. Twenty-one marques will show off their vehicles at the motor show that kicks off on May 29 and runs through June 8, they said. The Busan Exhibition and Convention Center (BEXCO) is coordinating preparations with the city of Busan, the Korea Automobile Manufacturers Association, and Korea Automobile Importers and Distributors Association.

2014 Busan int'l motor show to be largest ever, 3 world premieres planned

SEOUL, April 1 (Yonhap) -- The upcoming Busan International Motor Show will be the largest of its kind with three new vehicles to be unveiled for the first time during the 11-day event, organizers said Tuesday. Twenty-one marques will show off their vehicles at the motor show that kicks off on May 29 and runs through June 8, they said. The Busan Exhibition and Convention Center (BEXCO) is coordinating preparations with the city of Busan, the Korea Automobile Manufacturers Association, and Korea Automobile Importers and Distributors Association.

Hyundai Motor chief earned $13 million last year

SEOUL (Reuters) - Hyundai Motor Co <005380.KS> chairman Chung Mong-koo earned a combined 14 billion Korean won ($13.09 million) in pay last year from the South Korean automaker and its two key affiliates in their first such disclosure under new rules.

S. Korean teams back in AFC Champion League action this week

SEOUL, March 31 (Yonhap) -- After a short break, four South Korean clubs will return to action in the group stage at the AFC Champion League this week, hoping to take a step closer to a berth in the knockout phase. In perhaps the most anticipated match of the week involving K League Classic clubs, Jeonbuk Hyundai Motors will host Guangzhou Evergrande of China, the defending AFC champ, on Wednesday in their Group G showdown.

Kia Motors opens school in Mozambique

SEOUL, March 28 (Yonhap) -- Kia Motors Corp., South Korea's No. 2 automaker, said Friday that it has opened a new secondary school in Mozambique as part of its social outreach program. The new secondary school, located in Helene, will offer more educational opportunities for locals living in the east African nation and highlights the social contributions of the carmaker's Green Light Project. In addition to the school, Kia, an affiliate of Hyundai Motor Group, the world's fifth largest automotive conglomerate, donated three Bongo vans that can ferry students.

Hyundai to build fourth China plant

South Korea's largest carmaker Hyundai Motor said Wednesday it will sign a preliminary agreement to build a fourth plant in China, as it looks to expand in the world's biggest car market. Chairman Chung Mong-Koo will put his name to the deal on Thursday, it said in a statement. With an annual production capacity of 300,000 cars, the plant in the southwestern mega-city of Chongqing is scheduled for completion in 2016 and will mark a "new leap forward" in the country, Hyundai added.

Hyundai Motor shares jump on plan for new China factory

SEOUL (Reuters) - Shares in Hyundai Motor <005380.KS> rose more than 3 percent on Wednesday after the automaker said it planned to sign a preliminary deal on Thursday to build the automaker's fourth manufacturing plant in China. Group chairman Chung Mong-koo plans to sign the deal to build the new plant in Chongqing, Hyundai said on Wednesday. Hyundai shares were up 3.2 percent at 240,000 Korean won each, beating the wider market's <.KS11> 0.7 percent rise as of 0057 GMT.
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