Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Monthly users on local streaming platforms outpace Netflix, Disney+
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NewJeans fans send protest truck against agency chief in conflict with Hybe
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Seoul to promote luxurious side of the city
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China car sales beat estimates, easing demand concerns
China’s passenger-car sales rose 4.5 percent in March, beating analyst estimates, as dealerships increased discounts to attract buyers amid record fuel prices. Deliveries of passenger automobiles, including multipurpose and sport-utility vehicles, climbed to 1.4 million units last month, the China Association of Automobile Manufacturers said today in a statement. Sales were projected to increase 3.9 percent, according to the average estimate of a Bloomberg News survey of eight analysts. The rebo
April 15, 2012
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Renault set to build cars in China
PARIS (AFP) ― French automaker Renault has signed a preliminary agreement to produce cars in China with domestic partner Dongfeng, a source close to the matter told AFP on Friday.The deal marks “the end of an initial step ahead of an agreement,” the source said, and would provide Renault with its first factory in the world’s biggest car market.Renault, which declined to comment on the information, said last year that it would begin to build cars in China after 2014.The French group has already e
April 15, 2012
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Hyundai Motor strives to become premium brand
Hyundai Motor will prioritize upgrading its brand image across the globe, shifting from its earlier business focus of expanding market share overseas.On Tuesday, the world’s fifth-largest automaker revealed its ambition to cultivate brand power approaching the level of top global brands such as BMW and Mercedes-Benz.“Hyundai Motor has been successful in selling many cars. But the performance in brand power is lagging behind in the overseas markets,” company executive director Cho Won-hong said i
April 10, 2012
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Car exports hit record high in March
South Korea’s car exports reached a record high in March, fueled by strong overseas demand for small-sized vehicles and sport utility vehicles, a government report showed Monday.Overseas vehicle shipments surged 18.1 percent on-year to 305,257 units last month, with total domestic production moving up 6.3 percent to 420,759 vehicles, according to the report by the Ministry of Knowledge Economy.The ministry said overseas sales were bolstered by 30.4 percent increase in small-sized cars and 17.4 p
April 9, 2012
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Hyundai-Kia to hold job fair for suppliers
Hyundai Motors and its affiliate Kia Motors are stepping up their efforts to support subcontractors’ recruiting.The two companies said Monday that they will hold a series of job fairs to hire jobseekers for subcontractors, including auto parts manufacturers, between April 25 and May 10.The automotive job fairs will start at the COEX in Samseong-dong in southern Seoul on April 25. The event in Seoul will run though April 26.The same events are scheduled for provincial cities such as Gwangju and D
April 9, 2012
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Rumor resurfaces on GM Korea’s relocation
Shanghai being mentioned as new Asian production base for GMObservers in the automobile industry are reviving the rumor that GM Korea will relocate its automobile manufacturing base in Incheon to a foreign country.The rumor has resurfaced as the Korean unit of U.S. General Motors has failed to post noteworthy sales performances despite changing the company name from GM Daewoo to GM Korea and introducing the Chevrolet brand in 2011.Following earlier speculation that GM Korea’s core production fac
April 8, 2012
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Is Italy’s Ducati an object of German desire?
Sporting the same flaming red racing colours, Ducati motorcycles are sometimes referred to as Ferraris on two wheels.The Italian brand has achieved success on the race track despite competition from much larger manufacturers including the likes of Japan’s Honda, Yamaha and Suzuki and Germany’s BMW.For years dominant in the Superbike World Championship, Ducati in 2007 clinched top honours in the premiere Moto GP category with rider Casey Stoner. The buzz around the team increased last year when i
April 8, 2012
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Honda’s Acura goes hybrid in challenge to BMW, Mercedes
Honda Motor Co. wants to boost sales of its Acura premium brand with a new “flagship” sedan that uses two electric motors and a V-6 gasoline engine to generate V-8 luxury-car power and small-car fuel economy.The RLX, replacing the current RL sedan, goes on sale early next year, Honda said at the car’s debut Wednesday at the New York International Auto Show. The large hybrid sedan uses a new 3.5-liter gasoline engine which, in combination with the electric motors and lithium-ion battery pack, del
April 8, 2012
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Toyota increases U.S. auto sales forecast
Toyota Motor Corp. raised its forecast for 2012 industrywide U.S. sales of cars and light trucks to the low- to mid-14 million unit range from 13.6 million, citing rising consumer confidence.“We’re starting to see improvement in consumer confidence and, combined with rising fuel prices and aging vehicles, the market is starting to move,” Bob Carter, Toyota’s group vice president for U.S. sales, told reporters Wednesday at the New York auto show. “It’s happening quicker than anyone thought.”U.S.
April 8, 2012
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Hyundai, Kia seek sales bounce with new launches
Hyundai Motor Co. and affiliate Kia Motors Corp. have prepped with new models to take back the market share lost to foreign brands in the first quarter. Hyundai began taking sales orders for the third-generation Santa Fe SUV on March 21, with more than 10,000 ordered already for the mid-April launch. Kia plans to release the K9 premium sedan on May 2, promising the biggest, boldest Kia yet. The model is the creation of former Audi/Volkswagen designer Peter Schreyer. The two new models are the fi
April 8, 2012
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New Santa Fe makes debut in U.S.
Hyundai Motor revealed the third-generation Santa Fe during the 2012 New York International Auto Show on Wednesday.The all-new 2013 Santa Fe, a crossover utility vehicle, is designed for drivers and passengers with high expectations for functionality and comfort, Hyundai said in a statement.There are two models for the third-generation Santa Fe ― the two-row, five-passenger “Santa Fe Sport” and the long wheelbase three-row, seven-seater “Santa Fe.” A company spokesman said the new Santa Fe show
April 5, 2012
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Import car sales hit record high
Monthly sales of import automobiles hit an all-time high of 10,648 units in March, while Korean carmakers such as Hyundai Motor and Kia Motors suffered lackluster sales at home.According to the Korea Automobile Importers & Distributors Association, foreign carmakers saw their combined sales grow by 3.5 percent from a year earlier and 15.8 percent from a month before.The former monthly record was 10,290 units, posted in March 2011.For the first quarter of 2012, their sales increased by 13.9 perce
April 4, 2012
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Carmakers post sagging sales at home
Four out of the five major automakers suffered a year-on-year drop in sales in the local market in the first quarter of 2012 amid sluggish private consumption.Hyundai Motor saw its sales at home post 154,855 units in the first quarter, down 7.1 percent from 166,749 units over the same period in 2011.For March sales, the nation’s largest automaker reported a 9.5 percent drop with 56,022 units at home, compared with 61,932 units a year earlier.By contrast, its exports, including production at over
April 2, 2012
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Honda prices Acura ILX to attract buyers from BMW
Honda Motor Co., seeking a 46 percent jump in U.S. Acura brand sales this year, priced a new “near premium” compact sedan to attract car buyers in their 30s and keep them out of competing BMW and Audi models. The 2013 ILX, which goes on sale in May, starts at about $27,000. It’s aimed at older “Generation-Y” customers who aspire to own a luxury vehicle and have limited income, Jeff Conrad, vice president of Honda’s Acura unit, said this month. Honda’s U.S. sales target is 40,000 annually of the
April 1, 2012
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Automakers battle weak demand for hybrids
Hyundai, Kia struggle to catch up with Toyota’s PriusHybrid cars of Hyundai Motor and its affiliate Kia Motors have yet to gain popularity among domestic consumers.The affiliated automakers saw lethargic sales of the fuel-efficient vehicles, such as the Sonata hybrid and K5 hybrid, last year. Yearly sales of Hyundai’s Sonata hybrid and Kia’s K5 hybrid stood at 7,193 and 5,279 units, respectively.The figures indicate that the companies’ daily sales of the two eco-friendly sedans in Korea average
April 1, 2012
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Hyundai Solaris named Russia’s car of the year
Hyundai Motor Co.’s Solaris sub-compact was named the 2012 Annual National Prize Car of the Year by Russian consumers, South Korea’s largest carmaker said Friday.The vehicle, which is the local name for Hyundai’s popular Accent, was picked as both car of the year and best model in the small vehicle segment by 1.5 million consumers who took part in a nationwide vote.The award ceremony hosted by the country’s automotive media including Automir was held on Thursday in Moscow.Hyundai said its Solari
March 30, 2012
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GM Korea to recall Alpheon sedans for headlight problem
GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., is voluntarily recalling its Alpheon sedans for headlight problems, the transportation ministry said Thursday.The 12,747 entry-level luxury cars subject to the recall were manufactured between April 30, 2010 and March 5 this year, according to the Ministry of Land, Transport and Maritime Affairs.Vehicles subject to the recall are the 2.4-liter gasoline and hybrid models as well as those powered by a 3.0-liter engine.The mi
March 29, 2012
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BMW recalls 1.3 million cars worldwide
German luxury carmaker BMW said on Monday it was recalling some 1.3 million cars worldwide due to battery problems that could in extreme cases result in a fire."In order to carry out a quality measure, BMW is recalling all BMW 5 and 6 Series models of the previous generation, built between 2003 and
March 27, 2012
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Carmakers slash prices amid sluggish demand
Free trade pacts with EU, U.S. spark heated competition to offer value for moneyKorean and foreign carmakers are battling to lower vehicle prices amid lackluster domestic consumption.Their drive for lower prices is also sparked by the nation’s free trade agreements with Europe and the U.S., which took effect on July 1, 2011 and March 15, 2012, respectively.Hyundai Motor’s discounts range between 200,000 won ($175) and 1 million won.The nation’s largest carmaker is offering a 1 million won discou
March 25, 2012
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GM sees Europe pricing weakness causing broad capacity cuts
General Motors Co. sees “clearly deteriorating” sales and pricing in Europe’s car market leading to restructuring across the industry, according to analysts who met with the automaker’s management yesterday. Analysts met with Dan Ammann, GM’s chief financial officer, and James Davlin, treasurer of the Detroit-based automaker, according to Citigroup Inc. Europe’s vehicle pricing has “worsened significantly” during the past three to four months, Rod Lache, a New York-based analyst at Deutsche Bank
March 18, 2012