Most Popular
-
1
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
2
Debate rages over ‘overly fatty’ samgyeopsal
-
3
[Weekender] Korean psyche untangled: Musok
-
4
40 flights canceled on Jeju Island due to bad weather
-
5
N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
-
6
Pandemic left Korea more depressed than before: report
-
7
[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
-
8
Gov't appears to shelve punitive measures against mass walkout by doctors
-
9
From fake prostitution ring to nonexistent robber, prank calls hamper police
-
10
Missing S. Korean traveler in Paris found safe after 2 weeks
-
Hyundai, Kia's sales top 100 million units
The accumulated sales of Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have reached over 100 million units this week, company officials said Saturday, a feat achieved in less time than most other global automakers.The combined accumulated sales of the country's two leading auto companies reached over 100 million cars as of Friday, according to the officials.Together, the two automakers make up Hyundai Motor Group, the world's fifth-largest producer of vehicles by sales. The achiev
April 16, 2016
-
Kia Motors to showcase Niro hybrid SUV at Beijing motor show
Kia Motors Corp., South Korea's No. 2 carmaker, said Friday that it plans to showcase its Niro hybrid SUV at a motor show to be held in China later this month in a bid to test customer response ahead of its official launch there.The Niro crossover SUV will be displayed at the Beijing International Automotive Exhibition, which kicks off on April 25, according to the company. The Niro is to be launched in China in October. (Yonhap)Kia Motors' first hybrid SUV whose production is based on its own
April 15, 2016
-
Impala sedan production sparks GM labor dispute
Whether to import the popular Impala sedan or manufacture it at home is becoming a seed of labor dispute between GM Korea‘s management and its union.Last week, the Korean unit of U.S. General Motors decided to continue importing Chevrolet’s premium sedan Impala instead of producing them here.But the automaker’s labor union said in its statement that the management’s decision is tantamount to breaking trust between labor and management, warning that the company “will have to pay a huge price for
April 14, 2016
-
Luxury German car sales hit record high of W8.8tr in 2015
Sales of three luxury German carmakers -- Mercedes-Benz, BMW and Audi --set a record high of 8.8 trillion won ($7.6 billion) in sales last year, exceeding the combined figures of three smaller Korean automakers, excluding Hyundai and Kia, company data showed Thursday. Among foreign car brands here, sales of Mercedes-Benz were tops last year, soaring up to a record high of 3.1 trillion won in 2015, a 42.5 percent increase from a year ago.BMW and Audi followed with a 2.88 trillion won and 2.8 tril
April 14, 2016
-
Volkswagen urged to disclose code of engine control units
Law firm Barun urged Volkswagen Korea to disclose the source code of engine control units in its cars Tuesday, claiming that its recall plan has problems.On behalf of 4,338 customers who bought Volkswagen cars, the local law firm is currently leading a class-action suit against the German carmaker involved in an emissions manipulation scandal. Local law firm Barun lawyer Ha Jong-sun speaks during the press conference. (Barun)Speaking at a news conference in Seoul, Barun lawyer Ha Jong-sun said t
April 12, 2016
-
[Newsmaker] Hyundai close to 100m sales landmark
April will be a landmark month for the global success of Hyundai Motor Group as its cumulative global sales is poised to surpass 100 million units. The Korean automotive giant said Monday that the combined global sales of its two automakers -- Hyundai Motor and Kia Motors -- reached 99.7 million units in March, and is expected to cross the 100-million mark this month. “Few automakers in the world have achieved such a sales record in the global market,’’ said Kim Pil-soo, an automotive engineerin
April 11, 2016
-
GM Korea posts record net loss in 2015
GM Korea, the Korean unit of General Motors, posted a record net loss of 986.8 billion won ($861.2 million) in 2015, the worst business performance since its launch in 2002 here, according to industry sources Monday. The net loss is 2.8 times higher than that of 2014. GM Korea cars wait to be loaded for shipment to overseas market in Korea. (Yonhap)It also registered 594.4 billion won in operating loss on annual revenue of 11.94 trillion won last year, four times more than that of 2014.“The pull
April 11, 2016
-
Ssangyong Motor's Tivoli Air sales top 5,000 units
Ssangyong Motor, owned by India's auto giant Mahindra & Mahindra, said Monday that sales of the recently unveiled Tivoli Air have surpassed 5,000 units in just a month since its official launch.The Tiovli Air is a long-body version of its popular Tivoli crossover sport utility vehicle, boasting more luggage room. It was launched on March 8. Ssangyong Motor's Tivoli Air (Yonhap)As of Friday, accumulative sales of the Tivoli Air have reached about 5,100 units on a contract basis, according to Ssan
April 11, 2016
-
GM Korea's new Malibu to intensify competition in midsize sedan market
GM Korea's planned launch of the new Malibu next month is expected to intensify competition in the midsize sedan market here where major automakers are already clashing with their latest popular models, industry sources said Monday.The midsize sedan market here is being dominated by such popular models as Hyundai Motor's Sonata and Kia Motors's K7. Recently, Renault Samsung Motors unveiled the SM6, which has been drawing a better-than-expected market response. GM Korea's Malibu midsize sedan (Y
April 11, 2016
-
Global automakers eye Korea as test bed
Heads of global carmakers are flocking to Korea recently, calling the nation’s fast-growing import car market an ideal test bed for their newest vehicles. Three chiefs of Infiniti, BMW and Volvo have chosen Seoul as the first destination for their trips to Asia this year. Last week, Roland Krueger, president of Infiniti -- the luxury vehicle division of Japanese automaker Nissan -- visited Seoul to unveil the company’s new hatchbacks Q60 and Q30 along with Q80 Inspiration concept. It was the fir
April 10, 2016
-
[Photo News] BMW's new X1 model
BMW’S NEW X1 MODEL -- BMW Korea launched its new X1 xDrive 18d model this month. It has a higher fuel efficiency compared to the previous model xDrive 20d launched in February. The new BMW X1 xDrive 18d is priced from 51.4 million won ($44,606). (BMW KOREA)
April 10, 2016
-
[Photo News] Ford introduces a mobile app for customers
FORD LAUNCHES MOBILE APP -- Ford Korea said Friday it is introducing a mobile application “Ford Owners App” for maximizing customer satisfaction. Using the app, drivers can obtain information on the location of Ford’s 27 service centers in Korea. It also provides service center call service, round-the-clock emergency dispatch service, and alerts drivers on regular check-ups. (Ford Korea)
April 10, 2016
-
Jaguar XE surpasses Audi A4 sales in Q1
Jaguar Land Rover’s premium compact sedan XE surpassed the Audi A4 in sales in the first quarter of this year, industry data showed. According to the Korea Automobile Importers and Distributors Association, the Jaguar XE was the third highest selling model in the segment of imported premium compact sedans, breaking into the top three position for the first time since its launch in Korea in September. Jaguar XE (Jaguar Land Rover Korea)XE’s sales figures came in at 534 units in the January-March
April 10, 2016
-
Hyundai garners 3 of Germany's top-10 popular import-cars
South Korea's top automaker Hyundai Motor Co. took up three out of the top 10 best-selling import cars in Germany, industry data showed Saturday, reflecting its robust sales in the European market.According to the data compiled by the German Association of the Automotive Industry, Hyundai sold 2,116 units of Tucson, a sport utility vehicle in the country last month, which ranked third after the Nissan Qashqai and the Fiat 500.The Hyundai Tucson, which first reached the European market in the sec
April 9, 2016
-
Hyundai to launch world’s first fuel cell car sharing service in Germany
Hyundai Motor said Friday it will debut its car-sharing service -- based on its hydrogen fuel cell electric vehicle -- in Munich, Germany this summer, partnering with hydrogen fueling supplier Linde Group.It will be the world’s first car-sharing service based on hydrogen EV cars, the Korean automaker said. Hyundai’s Tucson ix35, its hydrogen fuel cell electric vehicle. (Yonhap)Under the brand name of BeeZero, Hyundai will deploy 50 Tucson ix35 vehicles. The vehicle can travel about 600 kilometer
April 8, 2016
-
Q1 car sales in Korea hit quarterly high on tax cut, new models
Domestic sales by automakers in Korea hit their quarterly high during the first three months of this year, bolstered in part by the government's push to extend a tax cut on car purchases, industry data showed Friday.Five automakers, including Hyundai Motor, and Kia Motors, along with two commercial vehicle manufacturers, including Tata Daewoo, sold a combined 368,492 cars during the January-March period. This is up from the previous year's 362,856 units.This represented the best first-quarter sa
April 8, 2016
-
Tax change hits sales of luxury company cars
Tightened taxation rules affected sales of luxury company cars with price tags exceeding 100 million won ($86,600), most of which are foreign car brands, in the first quarter of this year, an industry source said. According to the Korea Automobile Importers & Distribution Association, the number of imported cars registered by companies fell to 19,564 units in the first three months, a 20.5 percent drop from the same period of last year. “Behind the sharp fall is the tightened tax deduction rule
April 7, 2016
-
Jaguar Land Rover Korea expands used car business
Jaguar Land Rover Korea will strengthen its certified used car business by opening five more preowned car showrooms this year, the company said on Thursday. The firm started the business in 2014, opening the first showroom for its approved preowned cars in Seoul for the first time in the Asia Pacific region. Recently, it opened the second showroom in Janganpyeong where the nation’s biggest used-car market is located. The showroom for preowned Jaguar Land Rover cars in Janganpyeong, Seoul. (Jagu
April 7, 2016
-
Kia Motors expected to launch Mexico plant as planned: sources
Kia Motors, Korea's second-ranked carmaker, is expected to start operations at its plant in Mexico as planned amid reports that negotiations over the local government's promised incentives seem to be making some headway, industry watchers said Thursday.Media reports have raised speculation that the May launch of the plant located in the northern Mexican state of Nuevo Leon might face a hurdle as the local government sought renegotiations on incentives and other benefits it earlier promised to lu
April 7, 2016
-
Porsche to recall 5,908 Cayenne SUVs for brake problem
Porsche Korea, the local unit of the German luxury car brand Porsche, will recall 5,908 Cayenne sports utility vehicles for problems in their foot pedals, the Korean transport ministry said Thursday.A clip may have become dislodged from the pedal bracket, which could lead to a malfunction in the braking system while driving, according to the Ministry of Land, Infrastructure and Transport.The problem has been detected in 5,908 Cayenne SUVs produced between Jan. 15, 2010 and Jan. 11, 2016.Free rep
April 7, 2016