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Today Automode

Jaguar Land Rover Korea introduces upgraded Velar

Automobile lovers in South Korea are about to be presented a feast for the eyes with a luxury crossover SUV built with a V8 supercharged engine and diamond-quilted leather interior.Jaguar Land Rover Korea will launch the Range Rover Velar SVAutobiography Dynamic Edition at the Seoul Motor Show, set to begin Friday at Kintex. The new Range Rover Velar SVA-D has been dubbed the top Velar model produced by Land Rover’s Special Vehicle Operations team. It is an optimized version of the existing Rang

Hyundai Motor shareholders reject Elliott's dividend plans, board member candidates

Approval seen as crushing victory for Hyundai Motor over Elliott

Mar 23, 2019
Automode
Panel to shape Posco’s new CSR vision

Posco has launched a new committee consisting of outside directors and scholars to enhance the steelmaker’s presence as a socially responsible company, the company said Thursday.The seven-member Corporate Citizenship Committee is chaired by former Sungkyunkwan University President Kim Jun-young, with professor Chang Sea-jin of the National University of Singapore and professor Kim In-hoe of Inha University’s law school serving as panelists. Kim Jun-young, chairman of Posco’s Corporate Citizenshi

Mar 22, 2019
Automode
Hyundai sets new Sonata sales target at 70,000 this year

Hoping to pick up the declining sales of midsize sedans, Hyundai Motor on Thursday said it has set the 2019 sales target of more than 70,000 units for the eighth-generation Sonata, a signature vehicle for more than three decades through which it has built its reputation.“By setting the sales target at 70,000 units this year, excluding (the number of vehicles to be sold) for commercial use, (Hyundai) will cement its No. 1 position in the sedan segment,” said Lee Kwang-guk, vice president for the

Mar 22, 2019
Automode
Hankook Tire strives to be global top-tier OE tire maker

South Korea’s leading tire manufacturer, Hankook Tire, is currently ramping up its research and development efforts in hopes of becoming a world-leading maker of original equipment tires. Hankook Tire is known for supplying original equipment tires to many domestic and foreign automakers. Currently, the company supplies OE tires for models such as BMW’s flagship New BMW 7 Series and the Audi RS5 Coupe.It also recently signed a supply contract for the 2019 Nissan Altima, which will feature the co

Mar 20, 2019
Automode
US states launch investigation into Hyundai, Kia fires

An undisclosed number of US states have launched an investigation into "spontaneous fires" involving cars made by Hyundai Motor Co. and Kia Motors Corp.Connecticut Attorney General William Tong said Monday that the investigation is looking into "potential Unfair and Deceptive Acts or Practices" by the South Korean carmakers."My office is one of the leaders of an ongoing multistate investigation into deeply troubling reports of spontaneous fires in Hyundai and Kia vehicles," he said in a statemen

Mar 19, 2019
Automode
Hyundai adopts 3rd-generation platform, starting with revamped Sonata

Hyundai Motor has developed a third-generation platform and used it for the all-new Sonata, set to be launched later this month here, the company said Wednesday.By using ultra-strength and hot-stamped steel, the platform is 10 percent stronger and 55 kilograms lighter than before, it added. (Yonhap)The new platform will help the carmaker design and manufacture safer, energy-efficient and more powerful vehicles. It is the basis of improving the carmaker’s performance and reduce air resistance.The

Mar 14, 2019
Automode
Hyundai Mobis to invest W5.5b in Chinese AI startup

South Korean auto part maker Hyundai Mobis will invest 5.5 billion won ($4.86 million) in DeepGlint, a Chinese startup developing 3D image analysis and pattern recognition technologies.The company is a leader in the fields of security monitoring and business analysis, and has developed facial recognition technology that can identify a single person out of 1 billion people from a distance of 50 meters. (Yonhap)Mobis’ investment in DeepGlint is aimed at securing technologies for recognizing in-veh

Mar 14, 2019
Automode
[Behind the Wheel] The all-new QX50: An elegant ride powered by a smart turbo engine

The 2017 model of Nissan’s luxury crossover Infiniti QX50 drew frequent comparisons to its rivals, Mercedes-Benz’s GLC and BMW’s X3. Mercedes-Benz sold 5,717 GLC vehicles in South Korea in 2018 and BMW sold 2,304 X3s -- far outpacing Nissan, which sold only 27 QX50s so soon after its launch.But it is too early to say that the Infiniti QX50 is lagging behind, because after a one-year hiatus the all-new QX50 is here, having undergone an impressive transformation. The new QX50 differs significantly

Mar 12, 2019
Automode
Kia Motors considers halting operations of plant in China

Kia Motors Corp., South Korea's No. 2 auto maker by sales, said Sunday that it is considering halting operations of one of its plants in China amid weak sales.The suspension of operations at one of its plants in Yancheng in eastern Jiangsu province is under review to secure production efficiency and profitability, the company said.The Yancheng Plant 1 has a production capacity of 140,000 units per year. Combined with two other plants in the city, they produce 890,000 units a year with some 6,500

Mar 10, 2019
Automode
Glass Lewis backs Hyundai Motor against Elliott in dispute over dividends

US proxy adviser also supports automotive group’s picks for independent board

Mar 11, 2019
Automode
Hyundai Motor turns to joint development for GBC construction

Hyundai Motor Group is expected to construct its new headquarters in southern Seoul, dubbed the Global Business Center, in partnership with external investors, a deviation from the original plan of completing it on its own. According to industry officials, Hyundai Motor Group has been contacting domestic and overseas investors to seek joint development of GBC, amid its move to save construction amount worth 3.7 trillion won and invest more on its future business growth. Last month, the automotiv

Mar 11, 2019
Automode
GM Korea says development of subcompact SUV, new CUV will continue as planned

GM Korea, the South Korean unit of General Motors, said Friday that it remains committed to its plans to develop and manufacture its new subcompact sport utility vehicle and crossover utility vehicle in Korea.The statement came in response to a local news report claiming that GM Technical Center Korea would retain rights over the new CUV but would transfer global engineering rights over the subcompact SUV to China. This would mean that the new SUV model is unlikely to be manufactured in Korea as

Mar 9, 2019
Automode
Hyundai Motor scaling back operations in China

Automaker turns to ASEAN, India instead

Mar 8, 2019
Automode
Posco drops bid for EV parts maker

South Korean steel giant Posco said Thursday it has decided not to pursue the acquisition of a local electric vehicle parts maker, saying that it does not fit into its battery business.The company was eyeing KCFT, formerly known as LS Mtron, which manufactures copper foils and flexible copper clad laminates for lithium-ion batteries. “For expanding our secondary battery business, we had reviewed (the feasibility) of acquiring the copper foil maker, but decided not to pursue the case anymore beca

Mar 8, 2019
Automode

The Korea Herald by Herald Corporation

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