S. Korea, New Zealand to hold 8th round of FTA talks next week

The Korea Herald > Business > Automode(주1회)

Hyundai Motor unions vow to strike in August

Labor unions at Hyundai Motor Co. and its 14 affiliates vowed to go on strike next month unless the companies meet their wage demands.Workers at South Korea’s largest automaker and affiliated companies including Kia Motors Corp. and Hyundai Mobis Co. plan to put down their tools beginning...

Updated : 2014.07.30 21:22

Jaguar Land Rover offers long-term rentals for expats

Jaguar Land Rover Korea said Tuesday that it will be offering long-term rentals for foreign nationals as part of efforts to make it easier for them to enjoy luxury vehicles during their stay in South ...

Updated : 2014.07.29 20:48

GM Korea recalls over 14,000 vehicles

GM Korea Co., the local unit of U.S. automaker General Motors Co., is recalling over 14,000 cars sold here for a defective front drive shaft that can separate from the front right wheel while on the road, the transportation ministry said Monday.According to the Ministry of Land, Infrastruc...

Updated : 2014.07.28 20:50

[Herald Interview] Nissan Korea chief enjoys best year

Takehiko Kikuchi, president of Nissan Korea, said he had the most exciting and memorable moments of his career over the past year as its Korean business gained sales momentum. “It was the most exciti...

Updated : 2014.07.27 19:36

Renault Samsung zeroes in on midsize SM5 sedans

Renault Samsung Motors said Sunday it would focus on the midsize sedan market for the rest of the year as part of its efforts to become the third-largest domestic carmaker by 2016. With the first dies...

Updated : 2014.07.27 19:35

BMW lures drivers with savvy SUVs

German luxury carmaker BMW is betting big on its savvy sport utility vehicles to lure customers in South Korea, where competition is heating up in the luxury SUV market. BMW plans to introduce several...

Updated : 2014.07.27 19:33

Hyundai Motor’s net earnings drop 6.9% in Q2

Hyundai Motor Co., South Korea’s largest automaker, said Thursday its net earnings for the second quarter dropped 6.9 percent to 2.35 trillion won ($2.29 billion), mainly due to unfavorable exchange rates. Operating profit also plunged 13.3 percent to 2.08 trillion won in the same period,...

Updated : 2014.07.24 21:07

Ssangyong Motor to include regular bonuses as ordinary wages

Ssangyong Motor Co., the local unit of Indian sport utility vehicle maker Mahindra & Mahindra, said Wednesday that it has offered to count regular bonuses as part of ordinary wages to settle labor disputes. Industry sources said the management made the proposal during talks with union repr...

Updated : 2014.07.23 19:50

Hyundai Motor, labor union clash over ordinary wage

Hyundai Motor Group is facing critical wage talks with its hard-line labor union as workers are calling for the revision of a 60-year-old wage scheme. Now, coupled with the recent decision from fello...

Updated : 2014.07.21 20:15

GM Korea takes preorders for micro commercial cars

GM Korea Co., South Korea’s third-largest carmaker, said Monday it has started receiving pre-contract orders for its reintroduced Damas and Labo micro commercial vehicles.The cars will reach show windows in earnest in August after production was halted last year.The company said it has in...

Updated : 2014.07.21 20:07

Hyundai Motor U.S. sales top 9m mark

Hyundai Motor Co. said Sunday that its combined sales in the United States surpassed the 9 million unit mark at the end of June, 28 years after it started selling cars in the country. Between 1986 and June this year, South Korea’s largest carmaker had sold a total of 9,028,420 vehicles in...

Updated : 2014.07.20 21:21

GM Korea to count regular bonuses as ordinary wages

GM Korea, the local unit of U.S. automaker General Motors, offered to count regular bonuses paid to its employees as part of their ordinary wages, company officials said Friday, becoming the first in the car industry to settle one of the most contentious issues in management-union negotiat...

Updated : 2014.07.20 21:21

Nissan to produce self-parking cars by 2016

Nissan Motor Co. will introduce cars that park themselves by 2016, chief executive officer Carlos Ghosn said, as the Japanese carmaker rushes to be among the first to offer automated driving.The featu...

Updated : 2014.07.20 21:18

Chinese regulator probing foreign automakers over parts

China is examining whether foreign auto manufacturers are preventing component makers from selling spare parts to any dealers besides those authorized by the car companies, people familiar with the ma...

Updated : 2014.07.20 21:17

Volkswagen, Fiat deny tie-up report

Italian automaker Fiat and its main shareholder denied on Thursday a media report that the company is in merger talks with rival Volkswagen. The German carmaker also said it had no plans for mergers or acquisitions.Shares in Fiat briefly rose 5 percent, before closing up 1 percent at 7.70 ...

Updated : 2014.07.20 21:17