Hyundai Motor said it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years - a plan that comes amid heavy shareholder pressure to improve returns, restructure and bounce back from dismal earnings.

US activist hedge fund Elliott Management ramped up pressure on the South Korean automaker this week, calling for a holding company structure, a share cancellation as well as the addition of three independent board members.

Hyundai i30, a premium hatchback and an elder sibling to Hyundai i20, has been seen being tested on Indian roads again. A new set of images posted by Powerdrift show the Hyundai i30 yet again completely undisguised. The Hyundai i30 first made its public appearance at the 2016 Paris Motor Show, when the company's new design language debuted.

Hyundai Motor India Ltd (HMIL) on Monday reported a 8.8 per cent increase in total sales at 60,507 units in March 2018.

The company had sold 55,614 units in March last year, HMIL said in a statement.

Hyundai Motor Company has begun the global sales of its Nexo fuel cell electric vehicle, starting from South Korea. Prior to retail sales commencing, the Hyundai Nexo had been met with considerable public interest, with a total of 1,061 vehicles being ordered throughout the pre-order period between March 19-26, 2018. “We are witnessing a historic day as fuel cell technology is being commercialised in large quantities.

Korean automobile major Hyundai is planning to invest around Rs 65 billion over the next three years in developing new products, including an electricsports utility vehicle (SUV). The company also plans expand its capacity by 50,000 units at its facility near Chennai through debottlenecking.

Hyundai Motor India Ltd (HMIL) Managing Director & Chief Executive Y K Koo said the proposed investment would be towards developing nine new products over the next three years. The company has so far invested Rs 210 billion in India.

Chicago: Hyundai Motor Co. warned it may rethink how many vehicles it builds in the US, joining the world’s largest automakers in speaking out against US President Donald Trump’s crackdown on steel and aluminum imports.

“Changes to the existing tariff structure could negatively impact our current US production and further expansion,” Jim Trainor, a Hyundai spokesman, said in an email.

Hyundai Motor showcased the Next Generation Fuel Cell Electric Vehicle (FCEV) - Hyundai NEXO and Global Electric Vehicle - IONIQ (Battery Powered) during the India Korea Business Summit 2018 held here.

Present at the India Korea Business Summit, S H Kim, Vice President, Namyang R&D Centre, Hyundai Motor Company, said, "We are glad to participate in the 2nd India-Korea Business Summit 2018.

Hyundai has just dropped a teaser of its Kona electric SUV that is set to make debut on 27th February. The company had introduced the Kona compact SUV concept last year. Media reports on the internet suggest that the powertrain on the upcoming Hyundai Kona electric SUV has been developed by LG chemicals in collaboration with Hyundai. The new Hyundai Kona will be launched in the United States in the second quarter of 2018. The electric SUV will come with two powertrain choices that will offer a total range of 470 to 500 km per single full charge.

Seoul: As Google’s Waymo, General Motors Co. and others race to bring driverless automobiles to showrooms, the argument over who will buy cars in the technology era is getting louder.

Hyundai Motor Co., a latecomer to electrification and autonomous driving, is betting against individuals owning robot cars and preparing for a future in which the biggest buyers will be ride-sharing giants such as Uber Technologies Inc., Lyft Inc. and GrabTaxi Holdings Pte.

Greater Noida: South Korean automaker Hyundai on Wednesday launched a new version of its premium compact hatchback Elite i20 priced between Rs5.34 lakh and Rs9.15 lakh (ex- showroom Delhi).

The company, which operates here through its wholly-owned arm Hyundai Motor India Ltd (HMIL), also unveiled its global electric vehicle Ioniq.

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