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GM Korea CEO warns employees over corruption

[THE INVESTOR] GM Korea chief executive James Kim warned that any employee found to be taking part in illegal activities will be dealt with sternly.“Any illegal activities or customs concerning the c...

Updated : 2016.06.24 09:59

VW Korea official arrested over emissions scandal

[THE INVESTOR] An executive of Volkswagen Korea was arrested by prosecutors on June 24 for his alleged involvement in the firm’s irregularities in the emissions scandal.The Seoul Central District Cou...

Updated : 2016.06.24 09:55

Volkswagen to recall 2,425 Passat sedans for engine oil pump failures

[THE INVESTOR] Audi Volkswagen Korea -- the local importer and distributer of Germany‘s Volkswagen Group -- will recall 2,425 units of its Passat sedans for an engine oil pump failure, the South Kore...

Updated : 2016.06.24 08:49

Kia tops U.S. car quality survey

The nation’s second-largest automaker Kia Motors topped a car quality survey by the U.S.-based business consultancy agency J.D. Power, the carmaker said Thursday.It is the first time in 30 years that...

Updated : 2016.06.23 15:39

Bosch Korea says diesel engine is ‘very clean, eco-friendly’

Robert Bosch Korea’s chief has spoken up to defend diesel cars from mounting criticism that their engines are the main culprit for fine dust emissions that worsen air quality here.“Based on today’s technologies as well as (what) Bosch is offering, we do believe diesel is very clean and ...

Updated : 2016.06.23 15:06

VW offers apology with no mention of Korea

[THE INVESTOR] Volkswagen held its first annual shareholders meeting in Hanover, Germany, on June 22 (local time), the first in nine months since it became embroiled in the emissions rigging scandal.W...

Updated : 2016.06.23 12:48

Hyundai’s i30 compact Australia’s best-selling car for 3 months in row

[THE INVESTOR]  Hyundai Motor’s i30 compact maintained it spot as Australia’s best-selling vehicle for the third consecutive month in May, government data showed. The data compiled by Australia’s ...

Updated : 2016.06.23 10:52

Kia Motors ranks highest in U.S. quality test

Kia Motors Corp., South Korea's No. 2 carmaker, said Thursday it has ranked highest among nameplates in a U.S. quality test, beating Porsche and other premium brands."Kia ranks highest in initial qual...

Updated : 2016.06.23 10:40

Assembly of Hyundai commercial cars in Algeria to begin in July

[THE INVESTOR] Hyundai Motor announced on June 22 that a commercial vehicle assembly line in Algeria, and that the facility will being production next month. The facility was built by Global Motors, H...

Updated : 2016.06.22 19:24

[Newsmaker] GM union plagued by corruption charges

General Motors Korea has been hit by another setback after the prosecution found some dubious cash flow in the automaker’s recruiting process. Investigators are looking into allegations that some exe...

Updated : 2016.06.22 16:16

Hyundai Mobis retains 6th place in world’s auto parts market

[THE INVESTOR] Hyundai Mobis maintained its place as the world’s sixth largest auto parts maker in 2015, industry data showed on June 22. According to the rankings by sales compiled by Automotive New...

Updated : 2016.06.22 14:26

Prosecutors seek arrest warrant for VW Korea executive

[THE INVESTOR] Prosecutors on June 21 filed for an arrest warrant for the head of certification unit of Audi Volkswagen Korea over the automaker’s emission rigging scandal. The head, identified by hi...

Updated : 2016.06.22 09:17

Korean authorities scrutinize Euro 6 vehicles in VW emissions probe

[THE INVESTOR] The prosecution team looking into Volkswagen’s emissions manipulation case are now inspecting models advertised as meeting Euro 6 emissions standards, a local daily reported on June 22...

Updated : 2016.06.22 09:14

One household in Korea owns two cars: data

[THE INVESTOR] The number of registered cars in Korea is expected to exceed 20 million units this month, which means each four-person household owns two cars on average, the Ministry of Land, Infrastr...

Updated : 2016.06.21 15:58

Hyundai will ‘not delay launching diesel cars’

Hyundai Motor said Tuesday it would not postpone the domestic rollout of its diesel cars despite growing concerns about pollutants from the engine. “We are going to launch diesel models of Genesis EQ...

Updated : 2016.06.21 15:47