Keywords: Hyundai
In a recent interview with The Korea Times, Chafik Rachadi, Morocco’s ambassador to South Korea, highlighted the deepening economic relations between Rabat and Seoul, underscored by a landmark $1.5 billion agreement between Morocco’s national railway operator (ONCF) and Hyundai Rotem. Ambassador......
Hyundai Rotem has signed a historic $1.5 billion (2.2 trillion won) contract with Morocco’s National Railways Office (ONCF) to supply double-decker trains, marking the largest order ever secured by the South Korean company. The agreement, announced on Wednesday, underscores a significant step in......
A construction site disaster in South Korea led to the deaths of four individuals and left six others injured when parts of an elevated highway collapsed on Tuesday, according to fire authorities. The incident occurred in Anseong, a city located about 65 km (40 miles) south of Seoul, where ten workers......
Morocco is nearing a decision in its ambitious plan to procure 150 regional and commuter trains, with the Spanish company Construcciones y Auxiliar de Ferrocarriles (CAF) and South Korea’s Hyundai Rotem emerging as the final contenders. This follows the exclusion of Talgo, Alstom, and the Chinese......
CHIBA, Japan, Jan 10 – South Korea's Hyundai Motor has unveiled its most affordable compact electric vehicle (EV) in Japan, aiming to challenge a market traditionally dominated by local automakers specializing in petrol and hybrid technologies. The new Hyundai Inster represents the company’s......
Global Chinese Motors has announced the appointment of Moroccan Abdelhak Khadraoui as the new General Manager of the company. Khadraoui's extensive experience in the automotive industry is expected to drive the Bugshan Automotive Group subsidiary to new heights. This leadership change follows a successful......
In a significant move to address potential safety concerns, major automakers Hyundai Motor Co., Kia Corp., Jaguar Land Rover Korea, and Volkswagen Group Korea have announced a massive recall of 7,783 vehicles across 11 different models due to manufacturing defects, as disclosed by the South Korean Ministry......
New car sales in Morocco reached 35,680 units by the end of March 2024, marking a 3.09% decrease compared to the same period in 2023, according to monthly statistics from the Association of Automobile Importers in Morocco (AIVAM). Breaking down the numbers by segment, the registration of new passenger......
In a strategic move aimed at cementing its status as a global powerhouse in the electric vehicle (EV) market, Hyundai Motor Company has unveiled an ambitious $50 billion investment plan for its operations in South Korea. The Korean automotive giant, which encompasses the Kia brand, seeks to ascend into......
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