Wednesday 4 March 2015
 
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Hyundai Motor to invest $73 billion by 2018

South Korea's Hyundai Motor Group, the world's fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles. The country&#

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Hyundai Motor to invest $73 billion by 2018

South Korea's Hyundai Motor Group, the world's fifth-largest automaker, said on Tuesday it would spend $73 billion over four years on expanding capacity, building new headquarters and developing new vehicles. The country&#

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Kia launches all-new Sorento in UAE

Kia Motors has launched the all-new Sorento, its latest third generation SUV offering, with the Dead Sea as the backdrop for the unveiling. Mohammed Khader, president of Al Majid Motors, the sole distributor of Kia vehicles in the

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Hyundai-Kia sees slowest growth in 12 years

Hyundai Motor and affiliate Kia Motors Corp aim to lift global vehicle sales by 2.5 per cent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years. Hyundai

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2015 Kia Quoris named ‘International Car of the Year’

Kia Quoris 2015 has been named the ‘International Car of the Year’ by Road and Travel Magazine (RTM), in conjunction with the 2014 Los Angeles Auto Show. The Quoris’s design combined with luxurious amenities, imp

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Kia KX3 concept unveiled at Guangzhou event

Kia Motors Corporation's joint venture in China, Dongfeng Yueda Kia (DYK), recently unveiled the KX3 concept in Guangzhou, previewing the C-segment SUV that Kia envisions to offer exclusively for the Chinese market. Having mad

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Hyundai, Kia in record settlement in US over mileage

Korean carmakers Hyundai Motor and affiliate Kia Motors Corp will pay $350 million in penalties to the US government for overstating fuel economy ratings in what officials said was the biggest settlement of its kind. The deal come

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Hyundai, Kia in record settlement in US over mileage

Korean carmakers Hyundai Motor and affiliate Kia Motors Corp will pay $350 million in penalties to the US government for overstating fuel economy ratings in what officials said was the biggest settlement of its kind. The deal come

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Kuwaiti fund to resume selling stakes in local firms

The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.

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Asian automakers 'still welded to steel'

About four years ago, Hyundai Motor considered shifting from steel to aluminium body parts for its Genesis sedan to make it lighter, more fuel-efficient and more competitive with German luxury marques, two people familiar with the matter said.

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