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Hyundai Rotem secures landmark $1.5 billion deal to supply double-decker trains in Morocco

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......

Tragic highway collapse in South Korea claims four lives

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 narrows down train manufacturing bid to CAF and Hyundai

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......

Hyundai Introduces Affordable Electric Vehicle to Tap Japan’s Hesitant EV Market

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 Appoints Abdelhak Khadraoui as General Manager

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......

Major Recall Issued for Over 7,000 Vehicles in South Korea Due to Faulty Parts

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 Decrease by 3.09% in March 2024

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......

Hyundai's $50 Billion Electric Vehicle Roadmap: A Bold Pursuit of Global Leadership

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......

Korean Railway Manufacturer Competes for ONCF's Multi-Billion Dollar Rail Contract

The competition for Morocco's Office National des Chemins de Fer's (ONCF) extensive railway procurement contract is escalating as Korean railway manufacturer Hyundai Rotem joins the fray. Hyundai Rotem, a subsidiary of the automotive conglomerate Hyundai Motor Group specializing in rail transport......