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☆ Robotics engineers are in high demand — so what is the job like?
▼ + stars: | 2024-11-24 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

So, perhaps it is no surprise that robotics engineers are highly sought-after, with the United States alone expected to add 9,000 robotics engineers by 2032, according to Sokanu's Career Explorer. Another hotspot for robotics engineers is the island-nation of Singapore, the second most automated country after South Korea. Kelvin Ching is a Senior Robotics Engineer for Hyundai Motor Group Innovation Center Singapore (HMGICS), the country's first EV factory. He leads a team of robotics engineers that are overseeing the close to 200 robots assembling Hyundai's Ionic 6 model. Sean Sabastian is Dyson's Robotics Research Manager, managing a team of roboticists who are looking to integrate robots into the home environment.

Persons: CNBC's, Yew Lam, Singapore's Tan, Kelvin Ching, Sean Sabastian, roboticists, Dyson Organizations: International Federation of Robotics, Hyundai Motor Group Innovation Center, EV, Robotics Research Locations: United States, Singapore, South Korea

☆ Hyundai announces recall of over 42,000 vehicles due to wiring issue that can cause them to roll away
▼ + stars: | 2024-11-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

Hyundai Motor North America announced it will recall over 42,000 vehicles due to a wiring issue that can cause the automobiles to roll away, according to a notice issued by the National Highway Traffic Safety Administration (NHTSA) on Wednesday. The 2025 Hyundai Santa Cruz and Hyundai Tucson vehicles subject to the recall have transmissions that can shift out of “park” without the brake pedal having to be applied, increasing the risk of a crash or an injury, per the administration. All 2025 Santa Cruz and Tucson vehicles in the U.S. are subject to the recall, including over 35,500 Tucson and 6,900 Santa Cruz vehicles. In early November, it was discovered that the wiring issue that caused the issue with the Tucson vehicle may also have impacted Santa Cruz vehicles. This prompted a review from the North America Safety Decision Authority on Nov. 13 and a recall of the vehicles.

Organizations: Hyundai, North America, National, Traffic Safety Administration, Santa Cruz, NHTSA, Tucson, American Safety Office, North America Safety Locations: Santa, Hyundai Tucson, Santa Cruz, Tucson, U.S

☆ Hyundai announce recall of more than 42,000 vehicles due to wiring issue that can cause them to roll
▼ + stars: | 2024-11-23 | by ( Mirna Alsharif | ) www.cnbc.com time to read: +3 min

Hyundai Motor North America announced it will recall more than 42,000 vehicles due to a wiring issue that can cause the automobiles to roll away, according to a notice issued by the National Highway Traffic Safety Administration (NHTSA) on Wednesday. The 2025 Hyundai Santa Cruz and Hyundai Tucson vehicles subject to the recall have transmissions that can shift out of "park" without the brake pedal having to be applied, increasing the risk of a crash or an injury, per the administration. All 2025 Santa Cruz and Tucson vehicles in the U.S. are subject to the recall, including more than 35,500 Tucson and 6,900 Santa Cruz vehicles -- around 1% of the vehicles are estimated by the NHTSA to have the defect. In early November, it was discovered that the wiring issue that caused the issue with the Tucson vehicle may also have impacted Santa Cruz vehicles. This prompted a review from the North America Safety Decision Authority on Nov. 13 and a recall of the vehicles.

Organizations: Hyundai, Angeles Auto, Los Angeles Convention Center, North America, National, Traffic Safety Administration, Santa Cruz, NHTSA, Tucson, American Safety Office, North America Safety Locations: Los Angeles , California, Santa, Hyundai Tucson, Santa Cruz, Tucson, U.S

☆ Hyundai's incoming CEO on Elon Musk's proximity to Trump: It's good for electric vehicles
▼ + stars: | 2024-11-21 | by ( Phil Lebeau | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyundai's incoming CEO on Elon Musk's proximity to Trump: It's good for electric vehiclesJosé Muñoz. incoming CEO of Hyundai, joins Phil LeBeau on CNBC's 'The Exchange' to discuss the company's EV future, what the incoming administration's economic policy could mean for business, and more.

Persons: Phil LeBeau Organizations: Elon, Hyundai, EV Locations: Trump

☆ Hyundai reveals all-electric Ioniq 9 three-row SUV
▼ + stars: | 2024-11-20 | by ( Michael Wayland | ) www.cnbc.com time to read: 1 min

Hyundai Motor's newest all-electric vehicle is the 2026 Ioniq 9 SUV — a three-row, up to seven-passenger SUV for the U.S. market. The new vehicle is Hyundai's largest EV entry to date, joining the smaller Ioniq 5 and Ioniq 6 all-electric vehicles in the carmaker's growing fleet. The Ioniq 9 is expected to arrive in U.S. dealerships in the spring. Hyundai declined to disclose pricing for the new SUV until closer to its arrival in showrooms. The Kia EV9, from Hyundai's sister brand and which is based on the same vehicle platform, currently starts at around $55,000.

Persons: Kia EV9 Organizations: Hyundai, U.S Locations: U.S

☆ CNBC's Inside India newsletter: A poorly timed IPO?
▼ + stars: | 2024-10-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

Shares of carmaker Hyundai 's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut. Despite such success, it appears as if the stock market has given Hyundai the cold shoulder this week. First, the money raised by the stock market listing is being fed back to Hyundai's Korean parent. With the listing, the Indian subsidiary now commands nearly half the market capitalization of its Korean parent. However, the Indian subsidiary must now pay a flat 3.5% of total revenue going forward.

Persons: Ashish Vaishnav, Hyundai, it's, Gaurav Narain, Maruti Suzuki, China's, Narain, Kapil Singh, Singh, Ashish Jain, Pratik Organizations: Hyundai, Getty, Investors, Growth Fund, London Stock Exchange, ICG, Federated Hermes Global Emerging Markets Equity Fund, Maruti, Equity, Macquarie Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, India, Korea, Hyundai India

☆ Waymo to add Hyundai EVs to robotaxi fleet under new multiyear deal
▼ + stars: | 2024-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker's Ioniq 5 electric vehicle to its robotaxi fleet. Waymo, which boasts around 700 vehicles in its fleet today, operates the only commercial robotaxi service in the U.S., Waymo One. They are expected to become available to Waymo One robotaxi riders in the years to follow, the companies said. Hyundai said the Waymo partnership "doesn't influence" Motional.

Persons: Waymo, robotaxi, José Muñoz, Muñoz, Hyundai, — CNBC's Jennifer Elias Organizations: Hyundai, Chrysler, Hyundai Motor North America Locations: Korean, U.S, Georgia

☆ I drove a $71,000 Genesis GV60 electric SUV. It's a luxurious delight that I wished had more range
▼ + stars: | 2024-07-28 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Genesis GV60 Performance is a compact luxury electric SUV that debuted in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGiven the popularity of compact luxury SUVs, it was inevitable that the segment would also blossom in the EV space. One of the latest entrants to the segment is the GV60, Hyundai's growing Genesis luxury brand. The Genesis GV60 debuted in 2023 and carries over unchanged for 2024.

Persons: —, Hyundai's Organizations: Service, Tesla, Mercedes, Benz

☆ Hyundai Motor posts record Q2 profit on strong U.S. sales, to boost hybrid lineups
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +1 min

Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election. But Hyundai also warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers. Hyundai reported a net profit of 4 trillion won ($2.9 billion) for the April-June period, up 23% from a year earlier and easily beating the 3.4 trillion won average of 21 analyst estimates compiled by LSEG SmartEstimate. The net profit was its highest quarterly since the previous record high set in the Q2 2022. Domestic vehicle sales in South Korea, Hyundai's second-biggest market, slumped 10% in the second quarter, extending from a 16% drop in the previous quarter, as consumers continue to grapple with surging inflation and a weak economy.

Persons: LSEG SmartEstimate, Hyundai's Organizations: Hyundai, New York, Hyundai Motor, Ford, Nissan, Tesla, Kia Corp Locations: U.S, South Korea

☆ I drove Hyundai's all-new $40,000 Santa Fe SUV. These are my 19 favorite features.
▼ + stars: | 2024-07-14 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Hyundai Santa Fe is a mid-size three-row family SUV that's all-new for 2024. I recently reviewed a well-equipped Santa Fe in the off-road focused XRT trim. I was impressed by the Santa Fe's rugged looks, useful interior features, and updated tech. This year, Hyundai gave the Santa Fe a full-on makeover, complete with rugged, angular looks and a standard third-row seat. While still slotted between Hyundai's compact Tucson and the brand's flagship Palisade, the new Santa Fe now has a distinct look and feel that stands out from the crowd.

Persons: — Organizations: Hyundai, Service, Business Locations: Hyundai Santa Fe, Santa Fe, Santa, Fe, Tucson, Palisade

☆ Hyundai is accused of falsely inflating EV sales in the US to appease its South Korean owners
▼ + stars: | 2024-07-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

A new lawsuit accuses Hyundai of artificially inflating its EV sales numbers. The lawsuit said one manager told a dealer he had to "hit a number" to appease Hyundai's South Korean owners. Hyundai has reported strong EV sales in recent months, even as demand for electric cars has slowed. AdvertisementHyundai has been accused of artificially inflating its EV sales in a lawsuit filed by a group of dealers. The lawsuit says that the automaker encouraged dealers to falsely record sales of unsold electric models and accused one sales manager of telling a dealership he was "up against the wall" and had to "hit a number" to appease Hyundai's South Korean owners.

Persons: Hyundai's, — Organizations: Hyundai, Service, Business

☆ An alphabet soup of 'electrified' vehicles awaits new car buyers as EV sales stall
▼ + stars: | 2024-06-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +9 min

A car shopper today has their pick of traditional internal combustion engine (ICE) vehicles; mild-hybrid electric vehicles (MHEVs); hybrid electric vehicles (HEVs); plug-in hybrid electric vehicles (PHEVs); fuel cell electric vehicles (FCEVs) and battery-electric vehicles (BEVs), also commonly known as EVs. Here's a breakdown: Internal combustion engine (ICE): A "traditional" vehicle with an engine that's fueled with gasoline or diesel. Hybrid electric vehicle (HEV): Think of the Toyota Prius, a vehicle that has a hybrid powertrain system combined with an engine. Plug-in hybrid electric vehicle (PHEV) : These vehicles feature an internal combustion engine combined with a hybrid system, including a larger battery than traditional hybrid vehicles as well as a plug to recharge the vehicle's battery. : These vehicles feature an internal combustion engine combined with a hybrid system, including a larger battery than traditional hybrid vehicles as well as a plug to recharge the vehicle's battery.

Persons: Paul Waatti, Heather Seymour, Seymour, Stellantis, Waatti, Michael Wayland, Antonio Filosa, Russell Wager, Jérémie Papin, BEV Organizations: DETROIT —, Pacifica, Toyota, CNBC, Motors, Chevrolet, Kia America, EV, Kia, GM, Detroit, GM Energy, Ford Motor, Auto, Nissan, ICE, Toyota Prius Locations: U.S, Stellantis, St, Johns , Florida, Detroit, Japan, South Korea, Germany

☆ I drove Hyundai's rugged new $40,000 family SUV. It's packed with useful tech but rough around the edges
▼ + stars: | 2024-06-17 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Hyundai Santa Fe is a three-row mid-size family SUV that's all-new 2024. I was disappointed by its laggy power delivery, excessive road noise, and intrusive safety tech. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Squeezed in between the compact Tucson and the midsize Palisade is the Santa Fe.

Persons: —, that's Organizations: Hyundai, Service, Business Locations: Hyundai Santa Fe, Kona, Tucson, Palisade, Santa Fe

☆ I drove Hyundai's $52,000 Palisade SUV. These were my 24 favorite features
▼ + stars: | 2024-06-09 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Hyundai Palisade is a mid-size, three-row family SUV that's available with all-wheel-drive. I recently reviewed a fully-loaded Palisade SUV in Calligraphy trim. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Hyundai Palisade is one of the most popular and critically acclaimed three-row family SUVs on sale today. I recently reviewed a $52,000 2024 Hyundai Palisade Calligraphy AWD.

Persons: — Organizations: Hyundai, Service, Kia Telluride, Palisade, Business

☆ I drove Hyundai's best-selling SUV and found it's a perfect hybrid for people who don't like hybrids
▼ + stars: | 2024-05-09 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Hyundai Tucson Hybrid is a compact crossover SUV that rivals competitors from Toyota and Honda. I enjoyed the Tucson Hybrid's stylish looks, new tech, solid performance, and fuel efficiency. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . During that time, the strikingly stylish Tucson has evolved into the brand's best-selling model, with nearly 210,000 units sold in 2023. It's also one of the most popular models in the segment, in its fourth generation that launched in 2021.

Persons: —, It's Organizations: Hyundai, Toyota, Honda, Tucson, Service, Cox Automotive Locations: Hyundai Tucson, Tucson

☆ Fisker's woes are another reason to consider leasing an EV over buying
▼ + stars: | 2024-05-01 | by ( Graham Rapier | ) www.businessinsider.com time to read: +4 min

There are several reasons to consider leasing an EV over buying. To be sure, the vast majority of EV owners don't have to worry about the maker of their vehicles imminently going out of business. AdvertisementUsed EV prices are a huge question markThere's limited data on EV resale prices. Pre-owned EV prices have fallen in line with new EV prices. EV leasing is growing in popularityLeasing an EV is no longer a niche concept.

Persons: —, Fisker, Cox, Polestar, Paul Jacobson Organizations: Service, EV, Leasing, International Energy Agency, American, Tesla, Cox Automotive, Electrek, Lease

☆ Hyundai's Genesis brand is a dark horse in U.S. luxury vehicle market
▼ + stars: | 2024-04-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Not only has Genesis made it, the brand has thrived to become a dark horse in the U.S. luxury market with unique styling, unexpected comfort and well-ranked quality. Patricia Wayne, first all-electric GV60 customer and Claudia Marquez (right), chief operating officer, Genesis Motor North America, at Genesis Santa Monica, Santa Monica, Calif., May 26, 2022. Genesis started as a vehicle in Hyundai's lineup but the company announced in late 2015 that it would become its own brand. Genesis sales last year increased about 23% over the prior year to 69,175 vehicles. Muñoz said Genesis will be a "key focus of the plant," which also will produce Hyundai and Kia vehicles.

Persons: Michael Wayland, —, Randy Parker, Claudia Marquez, Parker, Marquez, Patricia Wayne, Genesis, José, Muñoz, Jae Hoon Chang, there's, Stephanie Brinley, that's, Brinley, … Organizations: CNBC, Hyundai Motor, South, Infiniti, Hyundai Group, Hyundai, New York, Genesis, North America, Santa, North American, Porsche, Lexus, Mercedes, Benz, North, Rover, Volvo, P Global Mobility, Kia Locations: South Korean, U.S, North America, Santa Monica, Calif, Lincoln, New York, Georgia, Alabama, South Korea

☆ Tesla can't outrun the EV slowdown
▼ + stars: | 2024-04-02 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

AdvertisementElectric-vehicle leader Tesla is finally starting to feel the pinch of a slowdown in EV sales that is already rocking the rest of the industry. This rough quarter is the first sign that the EV leader is not immune to a slowdown in electric vehicle sales that has dogged its competitors since the latter half of 2023. Related storiesSo far, Tesla has largely been able to keep up with a changing demographic of electric vehicle shoppers by flexing its hefty profit margins to lower prices. Is Tesla ready for the next wave of EV buyers? For the newest electric car shoppers in the market, simply lowering prices may not be enough to win them over.

Persons: —, Tesla, Elon, Deutsche Bank's Emmanuel Rosner Organizations: EV, Service, Boston Consulting Group, Deutsche

☆ Hyundai’s Genesis reveals all-electric SUV concept, the Neolun
▼ + stars: | 2024-03-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

NEW YORK – Hyundai's Genesis is previewing the future of the growingly prominent luxury brand with a new large all-electric concept vehicle called the Neolun. The full-size SUV features a sleek exterior design illuminated by long horizontal headlights and taillights reminiscent of the brand's current EVs, though more modern. The SUV features a large central screen with physical buttons below it and a control panel and knob to the right of the driver. "The Neolun Concept is a concept model that showcases the future vision of Genesis, as well as the overall direction in which the brand is headed in terms of product, design and technological advancement," Genesis said in an emailed statement. Automakers routinely use concept vehicles to gauge customer interest or show the future direction of a vehicle or brand.

Persons: Genesis

☆ Goldman Sachs just added — and removed — stocks on its 'conviction list' of top Asian picks
▼ + stars: | 2024-03-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its "conviction list" of top picks in Asia Pacific for March, adding some key stocks and removing others. Here are two of the latest additions to Goldman Sachs' conviction list: Xero Goldman analyst Kane Hannan said he was positive on the outlook for New Zealand-headquartered accounting software company Xero . Goldman Sachs has a price target of $152 on the stock, giving it potential upside of around 12%. Hyundai Motor Another addition to Goldman's conviction list is South Korean automobile manufacturer Hyundai Motor . Meanwhile, the Wall Street bank removed Singapore-headquartered bank OCBC and Japanese conglomerate Sony from its conviction list as it no longer deems them "a top investment idea."

Persons: Goldman Sachs, Xero Goldman, Kane Hannan, Hannan, Intuit's Quickbooks, Sage, Kota Yuzawa, Yuzawa, Goldman, Michael Bloom Organizations: Asia, Hyundai, South, Hyundai Motor, Won, Sony Locations: Asia Pacific, U.S, Mar, New Zealand, Australia, South Korean, Singapore

☆ Hyundai finalizes Russia exit as local firm buys its two car plants
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: +2 min

Hyundai on Friday said it had signed a deal to sell its two Russian plants, making the South Korean firm the latest global carmaker to exit Russia since the Ukraine conflict began. Hyundai Motor said in December it planned to sell its Russian assets for 10,000 roubles ($111.69), taking a 287 billion won ($214.7 million) loss. Art-Finance is owned by Andrei Pavlovich, who acquired Volkswagen's Russian assets in May 2023. Volkswagen's factory was renamed to AGR Automotive. Hyundai in December said it planned to continue operating post-sales services for existing vehicles in consideration of local conditions in Russia.

Persons: Andrei Pavlovich, Volkswagen's Organizations: Hyundai, Art, Finance, Motors, AGR Automotive Locations: Korean, Russia, Ukraine, Hyundai's St, Petersburg, Russian, Moscow, St Petersburg

☆ My Kia got stolen thanks to a TikTok trend. Here's what I wish I had known before buying this car.
▼ + stars: | 2024-01-20 | by ( Morgan Goldwich | ) www.businessinsider.com time to read: +5 min

Morgan Goldwich had her 2015 Kia Optima stolen at the end of 2023. Not your average car theftA viral TikTok dubbed the " Kia Challenge " surfaced in 2021, showing how to hijack vulnerable cars with just a USB cord. Kia and Hyundai models manufactured within a specific period — between 2011 to 2021 for Kias and 2015 to 2021 for Hyundais — lack electronic immobilizers. Insurance companies have taken noteDespite my good fortune in finding my car (if you consider having to pay a $1,000 deductible for damages lucky), I'm now faced with the hurdle of dealing with car insurance . When I was first searching for insurance, before my car got stolen, Progressive denied me on this same basis.

Persons: Morgan Goldwich, Kia Optima, —, I'd, it's, TikTok's, Kias, I'm Organizations: Service, TikTok, Kia Boys, Kia, Hyundai, Insurance, State Locations: Kias, Colorado, Hyundais, Colorado Springs

☆ Hyundai, Kia see strong demand for EVs, despite rivals' concerns
▼ + stars: | 2023-11-17 | by ( Abhirup Roy | ) www.reuters.com time to read: +4 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLOS ANGELES, Nov 17 (Reuters) - Hyundai Motor (005380.KS) and Kia (000270.KS) see strong U.S. demand for electric vehicles (EVs), senior executives at the South Korean automakers told Reuters ahead of the Los Angeles Auto Show. The comments run against industry fears that inflation and higher interest rates will undermine the boom in EV sales. Inflation and high interest rates have raised the costs of buying a car. The cuts helped drive EV sales in the third quarter up 50% from a year earlier to a record of more than 300,000 vehicles. Reporting by Abhirup Roy in Los Angeles; Editing by Peter Henderson and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Jose Munoz, Hyundai's, Munoz, Steven Center, we'll, Elon Musk, Spencer Imel, Langston, Subaru's, Atsushi Osaki, Abhirup Roy, Peter Henderson, Matthew Lewis Organizations: Hyundai Kona, New York, REUTERS, Hyundai, Kia, South Korean, Los Angeles Auto, Tesla, Ford Motor, EV, Kia America, Cox Automotive, General Motors, Ford, Langston Co, Reuters, Thomson Locations: Manhattan , New York City, U.S, KS, Los Angeles, Savannah ( Georgia, United States, Swedish

☆ Amazon to sell Hyundai vehicles online starting in 2024
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

A Hyundai Elantra N is displayed at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsLOS ANGELES, Nov 16 (Reuters) - Amazon (AMZN.O) will begin selling Hyundai (005380.KS) vehicles online in the U.S. starting next year, the two companies said on Thursday. Customers will be able to shop for, equip and buy a car at Amazon.com and schedule delivery through a local Hyundai dealer, the companies said. Hyundai set up its first digital showroom on Amazon in 2018. The new agreement also will enable buyers of new Hyundai vehicles in 2025 to access Amazon's Alexa voice assistant from their cars.

Persons: Aly, ”, Jay Chang, Paul Lienert, Bill Berkrot Organizations: Hyundai, Auto, REUTERS, Amazon.com, Los Angeles Auto, Thomson Locations: Auto Shanghai, Shanghai, China, KS, U.S, Detroit

South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers. Toyota raised factory pay 9% to 10% starting in January, while Honda said it will increase wages 11% during the same period. Fain said terrified auto executives at nonunion plants are raising wages, and he called Toyota's pay increase the UAW bump. By early next year the company said it will have increased factory worker pay 14% in the past year. With its increases, Toyota’s top factory worker pay will go to $34.80 per hour in January.

Persons: Honda, Shawn Fain's, Fain, ’ ”, Harry Katz, it’s, “ There’s, ” Katz, “ They’ve, ”, Katz, ” Jose Munoz, Toyota’s, haven’t Organizations: Hyundai, Honda, Toyota, United Auto Workers, Detroit, UAW, Labor, “ UAW, General Motors, Ford, Cornell University Locations: Montgomery , Alabama, Savannah , Georgia

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