Market Chatter: Hyundai Motor Group Partners with South Korean Govt to Develop Next-Generation Digital Tachograph

MT Newswires Live06-23

Hyundai Motor Group, the parent group of Hyundai Motor (KRX:005380) and Kia (KRX:000270), signed a memorandum of understanding with the Ministry of Land, Infrastructure and Transport and the Korea Transportation Safety Authority to co-develop a next-generation connected digital tachograph (DTG).

The upgraded DTG will offer better real-time driving data tracking for commercial vehicles such as trucks and buses. The partnership aims to improve safety, connectivity, and operational convenience for commercial vehicle operators in South Korea, Pulse News reported Friday.

Shares of both Hyundai Motor and Kia fell nearly 4% in morning trade Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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