Diabytes
Hyundai Motor Group News
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The automaker invested 401.6 billion won ($304.2 million) in the 60,000 square-meter facility, completely rebuilding it on an existing plant site to facilitate the company's next-generation vehicle production.
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The models are the Genesis GV60, Hyundai's Ioniq 5 and Ioniq 6, and Kia's EV6 and EV9. The same models also received top-tier ratings in crash evaluations conducted by the Insurance Institute for Highway Safety (IIHS) in the United States.
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South Korea`s government has called for reform of the country`s family-owned conglomerates, known as chaebols.
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South Korea`s Hyundai Motor Group, squeezed by slowing sales, plans to cut domestic operating expenses, with the savings depending on its sales performance in the third and fourth quarters, a spokesman said on Tuesday.
Hyundai Motor Group Tuesday expressed its desire to expand its business into sectors like construction and railways in India, where it is currently the largest exporter of cars.
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