Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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Ford’s Mulally denies immediate flight to MS
Ford Motor Co. Chief Executive Officer Alan Mulally said he intends to stay as head of the second-biggest U.S. carmaker through next year, following reports that Microsoft Corp. may seek to recruit him. “I plan to continue to serve as Ford’s president and CEO until at least the end of 2014,” to remain “absolutely laser focused” on earnings growth, Mulally wrote in an email to Bloomberg News on Friday. “I love serving Ford and will continue serving Ford,” Mulally said in an interview from Berlin
Sept. 8, 2013
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Hyundai Rotem, Russia to cooperate on train project
Hyundai Rotem, Korea’s biggest maker of rolling stocks, on Sunday said it has taken a big step in connecting the railroads of Asia and Europe by agreeing to work with a Russian state-run train manufacturer on the project. Executives from UralVagonZovod, a train-making unit owned wholly by the Russian government, will be visiting Hyundai Rotem’s Changwon plant and research institute to discuss how to cooperate and share technology for the bilateral train and railway project. The reports of the ag
Sept. 8, 2013
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Prius Plug-in Hybrid proves superbly capable
Everybody has his or her own idea of what’s cool in a vehicle, but a couple of weeks ago, I had the opportunity to drive a car that completely changed my outlook on what that is. After a spin in the Prius Plug-in Hybrid from Toyota, I was bowled over by its tenacity, strength and overall efficiency. Covering various types of roads from the jam-packed streets of Gangnam to the hills of Songnisan Mountain in Chungcheong Province, the Prius Plug-in ― not yet commercially available in Korea ― proved
Sept. 8, 2013
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Record GM, Nissan plug-in U.S. sales in Aug.
General Motors Co. and Nissan Motor Co., the biggest sellers of rechargeable cars, posted record U.S. plug-in sales in August as their low-cost leases pushed battery-vehicle deliveries this year past 2012’s tally. GM delivered 3,351 Chevrolet Volt plug-in sedans last month, up 18 percent from a year earlier, and Nissan’s all-electric Leaf hatchback sales more than tripled to 2,420, the companies said Sept. 4. U.S. plug-in hybrid and battery car sales totaled 57,976 in 2013’s first eight months,
Sept. 8, 2013
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Hyundai moving to open 3rd North American plant
Hyundai Motor Group’s latest plans to set up its own dealer network in Mexico is fueling speculation that the carmaker may be moving closer to buildings its third North American assembly plant in Mexico. The Korean auto giant, in a move that would eventually sever its 14-year-old ties with Chrysler Group, announced last month that it would establish a sales unit in Mexico early next year in a bid to expand its presence in the region. The reports come as a slew of other major automakers including
Sept. 8, 2013
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Kia’s Morning becomes top seller in first 8 months
Kia Motors’ subcompact Morning was ranked as the best-selling model in South Korea in the first eight months of 2013, data showed Tuesday.Kia sold 62,123 Mornings in the January-August period, with Hyundai Motor’s mid-sized Sonata sedan following with 61,532 units.Hyundai’s full-sized Grandeur sedan was in third place with 61,153 vehicles sold, according to the sales data released by Kia and Hyundai.Morning became the best-selling model in the country between January and June before slipping to
Sept. 3, 2013
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BMW, Tesla emerge as electric car rivals
BMW, the world’s top “premium” car brand in both sales and brand recognition, probably never thought it would be up against a newcomer like Tesla, but the situation today is that the German carmaker may indeed have something to fear.“We won’t say BMW perceives Tesla as a rival, but it is closely watching the company,” said one industry source close to the matter.Tesla, on the other hand, appeared to be nonchalant and fearless, with the CEO Elon Musk commenting that “there’s room to improve on th
Sept. 2, 2013
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Domestic carmakers’ sales up in August
South Korea’s largest carmaker Hyundai Motor Co. said Monday that its sales jumped 29.1 percent in August from a year earlier despite partial strikes that cut the carmaker‘s vehicle output.Hyundai sold 381,429 vehicles in August, compared with 295,449 units in the same month in 2012, the company said in a statement.For the first eight months, Hyundai sold more than 3.13 million units, up 11.5 percent from a year ago, according to Hyundai.The strong sales performance came despite Hyundai’s 46,000
Sept. 2, 2013
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Renault’s Tavares said to have asked Ghosn for wider role
Renault SA Chief Operating Officer Carlos Tavares proposed taking on a wider role at the French carmaker in meetings last week with Chief Executive Officer Carlos Ghosn, two people familiar with the matter said. Ghosn, who is also the CEO of alliance partner Nissan Motor Co., turned him down and offered to let him stay as COO, said the people, who asked not to be identified because the talks were private. Tavares, who would have still reported to Ghosn under his proposal for a broader role, deci
Sept. 1, 2013
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Chevrolet Spark EV no glorified golf cart
To sum up a test-drive experience for Chevrolet’s Spark EV, I would start with “unusual.”Because it was my first time driving a purely electric vehicle, there are limitations to my evaluation, such as being unable to compare it to its rivals, for instance.But even with minimal references to rely on, I still had certain expectations, partly from my experience with hybrids.And it was precisely as I had imagined ― nothing more, nothing less.As I was driving the Spark EV, I thought of the prejudice
Sept. 1, 2013
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[Photo News] Kia's news Coupe
Aug. 27, 2013
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GM Korea unveils electric car
GM Korea unveiled its electric car, the Chevrolet Spark EV, at a ceremony in Incheon on Tuesday, saying it will begin selling the vehicle in October.“The pure electric Spark EV represents another step forward on GM’s roadmap to providing a variety of solutions that benefit our environment and our customers,” said Sergio Rocha, CEO of GM Korea. “As GM’s first fully electric vehicle in the domestic market, it demonstrates Korea’s important role in GM’s long-term global vehicle strategy.”The Spark
Aug. 27, 2013
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[Photo News] Volvo's new model
Aug. 26, 2013
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‘Korando Three’ brings new vigor to Ssangyong
After years of sluggish sales, Ssangyong Motor has begun to brim with fresh vigor. And behind the carmaker’s successful turnaround is its Korando Three.Ssangyong sales in the first half of this year grew 23 percent from a year ago. Total sales reached 69,000 units, which was at par with its goals and also the highest since 2007. In the second quarter, the carmaker swung into the black for the first time in about six years after posting an operating profit of nearly 3.7 billion won.The strong per
Aug. 25, 2013
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Avante Diesel: New reliable weapon for Hyundai?
In unveiling the Avante Diesel last week, Hyundai Motor broke an unwritten rule in the automotive industry: A carmaker never elaborates on its direct competition. “During the development of the diesel model, we carried out comparison tests with the Volkswagen Golf,” said Jeong Byung-kwon, Hyundai’s chief of compact vehicles, during the launching event. “While Volkswagen’s BlueMotion focused more on better fuel ratings, we made efforts to improve the noise issue and performance as well. We feel c
Aug. 25, 2013
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Hyundai Motor loses $130.3 mil. from Saturday strike
Ongoing strikes at Korea's largest carmaker is having a financial toll on the company.Hyundai Motor is estimated to have lost 145.2 billion won ($130.3 million)Saturday as its workers boycotted that day's overtime shifts, sources said.According to the sources, Hyundai Motor failed to produce 7,104 cars Saturday as its unionized workers did not show up to work for their weekend work shift.The move came after Hyundai's 46,000 union workers staged a partial strike Friday. Hyundai workers also launc
Aug. 24, 2013
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Hyundai Motor union goes on partial strike
Members of the Hyundai Motor Co. union went on a partial strike on Tuesday, citing failed negotiations with management on a wage hike, welfare benefits and job security.Some 4,500 union members of the country’s largest carmaker put down their tools for two rounds of a two-hour strike in the afternoon. Last year’s walkout resulted in a production shortfall of 82,088 vehicles and an estimated sales loss of 1.7 trillion won ($1.5 billion). The union said it will return to the factory line on Thursd
Aug. 20, 2013
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Volkswagen CEO moves to Renault Samsung
Park Dong-hoon, chief executive of the Volkswagen brand at Audi Volkswagen, has joined Renault Samsung Motors as the chief of sales and marketing. “It was not an easy decision, especially since I had worked for eight years side by side with Volkswagen Korea. But I feel it’s time now to apply my know-how to other areas within the auto industry,” Park said regarding his relocation.Park had been with Volkswagen since 2005. Under his leadership, the carmaker’s annual sales jumped from 1,635 to over
Aug. 19, 2013
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Cadillac ATS redefines compact luxury
Cadillac’s entry luxury sedan was beyond what I’d imagined. I had seen the photos but wasn’t sufficiently prepared for what appeared to be the sportiest and most dynamic member of the classic U.S. auto brand. While not straying too far from the original Cadillac look featuring the trademark emblem and grille ― and did you know the shutters open and close at different speeds for better fuel economy? ― the ATS touted sleeker lines and an uplifted beltline that accentuated a youthful image. The elo
Aug. 18, 2013
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Porsche faces new hedge fund cartel claim in legal battle
Porsche SE faces a new legal maneuver from hedge funds seeking to recoup billions of euros they say they lost amid the former sports-car maker’s aborted bid to buy Volkswagen AG.The funds, which include Elliott International LP and Perry Partners LP, are suing Porsche for 1.81 billion euros ($2.4 billion) over claims it manipulated Volkswagen shares by denying interest in a deal before it made a bid. After other investors lost two similar claims at a German tribunal last year, the funds added an
Aug. 18, 2013