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The Korea Herald > Business > Automode(주1회)

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

[Herald Interview] After growth, Maserati bets big on Korea

Maserati, the maker of niche sporty, exotic Italian driving machines, is betting big on South Korea, where its car sales are expected to soar almost sevenfold to some 700 vehicles this year.“Nothing ...

Updated : 2014.07.20 21:17

Ssangyong Motor launches Nomad SUV in Kazakhstan

Ssangyong Motor Co., the local unit of Indian SUV carmaker Mahindra & Mahindra Ltd., said Monday it has launched the Nomad SUV in Kazakhstan, the first significant move by the automaker, which is looking to make a big splash in Central Asia.The car will be shipped as a complete knock-down ...

Updated : 2014.07.14 21:00

BMW unveils its first Asian driving center in Yeongjongdo

YEONGJONGDO, Incheon ― BMW Group on Monday unveiled its first driving center in Asia here, which the German luxury carmaker said shows its latest commitment to Korea, the ninth-largest market globall...

Updated : 2014.07.14 21:00

Renault Samsung, GM Korea face prospect of strikes by workers

South Korean carmakers are facing the prospect of renewed labor strife as they deal with unfavorable market conditions, industry sources said Monday.Renault Samsung Motors Co. and GM Korea Co. said their union workers are planning walkouts and work disruptions after initial union-managemen...

Updated : 2014.07.14 20:56

Hyundai Motor Brazil makes impact on local economy

SAO PAULO ― The roads in Piracicaba, a rural town two hours’ drive from the city of Sao Paulo, are dug up on the shoulders and center dividers. Construction workers drill and repave roads, and where...

Updated : 2014.07.13 20:22

‘Hyundai is a premium brand in Brazil’

SAO PAULO ― In a country long dominated by the world’s auto giants, Hyundai Motor Brazil saw a golden opportunity in Latin America’s biggest auto market and seized its chance. For the past three ye...

Updated : 2014.07.13 20:22