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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Cube boxes premium sedans for import car top spot
Nissan’s small car battles BMW 520d,Mercedes E300 for the best-selling title in KoreaThe competition to becoming the best selling foreign car in Korea is becoming a showdown between a box-like Japanese car and two German premium sedans.The Cube of Nissan has emerged as a powerful player in the nation’s import car market, becoming the best-selling model last month.In November, the Cube, a multi-purpose vehicle, beat the two previously most popular models ― the 520d of BMW and the E300 of Mercede
Dec. 11, 2011
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Toyota cuts annual profit forecast after Thai floods disrupt output
Toyota Motor Corp.’s recovery is proving tougher than anticipated.Already poised to lose its crown as the world’s largest carmaker this year, Toyota yesterday cut its profit forecast by more than half after Thailand’s worst floods in almost 70 years disrupted output of Camry and Prius vehicles. While the rebound at rival Nissan Motor Co. accelerates, Asia’s largest automaker has lost four times more production in the floods.“It’s acts of God after other acts of God,” Jody Lurie, an analyst at Ja
Dec. 11, 2011
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U.S., Japanese cars hope to battle Hyundai-Kia here on U.S. FTA
Three U.S. automakers are expected to pick up their marketing and sales in Korea to battle Hyundai Motor and Kia Motors under the Korea-U.S. Free Trade Agreement, which will take effect early next year.In addition, a great number of Japanese cars produced in the U.S. will likely be imported under the coming slash in tariff on automobiles.Tariff on made-in-U.S. automobiles will be lowered from 8 percent to 4 percent under the bilateral trace pact. Further, the 4 percent tariff will be removed in
Dec. 8, 2011
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Hyundai Accent tops Chinese customer poll
Hyundai’s Accent sedan ranked first in the small sedan segment in the Chinese market, customer satisfaction survey showed Wednesday.This was the first time that Hyundai topped the list in a product rating for satisfaction among Chinese consumers, which was conducted by U.S.-based J.D. Power and Associates.The Accent, dubbed Verna in China, garnered 854 points out of a maximum 1,000 in the poll among consumers who bought automobiles between October 2010 and June 2011.The Hyundai sedan tied with t
Dec. 7, 2011
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Car exports to EU jump 40% this year
Korea’s automakers saw their exports to European countries surge 40.1 percent on a year-on-year basis, which could be interpreted as an outcome of the Korea-EU Free Trade Agreement that took effect in early July.Five carmakers including Hyundai Motor posted 347,207 units in exports to EU countries for the first 10 months of 2011, compared to 247,909 units over the same period last year.The 40.1 percent growth is noteworthy, considering the growth of their total exports around the world was 13.2
Dec. 6, 2011
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Hyundai Motor chief Chung to support 84,000 needy students
Hyundai Motor chairman Chung Mong-koo plans to offer educational support to students from low-income households, the automotive group said Sunday.Chung, who donated 500 billion won ($440 million) via the carmaker’s foundation for social activities last August, mapped out a program to support 84,000 underprivileged students over the next five years.The program involves comprehensive support for elementary, middle, high school and college students residing in farming and fishing villages across th
Dec. 4, 2011
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Toyota’s first U.S. gain since April caps positive month
Toyota Motor Corp., Nissan Motor Co., Hyundai Motor Co. and Kia Motors Corp. delivered more vehicles in the U.S. than analysts estimated as auto demand climbed to the highest of the year. Toyota sales in November grew 6.7 percent from a year earlier, the first increase in seven months, and Leaf-maker Nissan posted a 19 percent gain, according to statements yesterday. South Korea’s Hyundai and affiliate Kia had a combined increase of 29 percent. Deliveries at Honda Motor Co. fell 6.7 percent, the
Dec. 4, 2011
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Peugeot to launch diesel hybrid in Korea
Hanbul Motors CEO predicts eco-friendly technology to determine fate of automakersThe world’s first diesel-electric hybrid vehicle, developed by Peugeot and currently on sale in Europe, will likely be imported into the Korean market next year.Hanbul Motors Corp., the official importer and distributor of vehicles of France-based PSA Peugeot-Citroen, plans to launch the diesel-electric hybrid version of its 3008 crossover hatchback here.The Peugeot 3008 HYbrid4 has been gaining popularity in the
Dec. 4, 2011
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Porsche has “overwhelming” orders for $119,000 revamped 911
Porsche AG said it has received ‘overwhelming’ orders in Germany for the revamped 911 sports car two days before the 88,000-euro ($119,000) model goes on sale in Europe.Porsche will have a “particularly strong rush” for the seventh-generation 911 at showrooms in Europe’s biggest economy, the Stuttga
Dec. 2, 2011
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Car sales down again in Nov.
Korea’s major automakers once again recorded contrasting sales performances at home and abroad in November.Hyundai Motor and Kia Motors saw their exports increase in November from a year earlier, but their sales at home dropped.Hyundai Motor sold 320,790 units, including exports and overseas production, abroad last month, up 26.1 percent from a year ago.Five major overseas plants in the U.S., China, India, Russia and the Czech Republic posted steady growth in sales, the company said in a stateme
Dec. 1, 2011
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Hyundai chief named best automotive CEO in Asia
Hyundai Motor chairman Chung Mong-koo was selected as Asia’s best automobile industry leader by the U.S.-based publication Automotive News on Wednesday.In this year’s list of auto industry “All-Stars,” Automotive News selected Chung as the top CEO among Asian firms for his part in increasing Hyundai Motor’s presence in the global market.He grabbed the top post for the second consecutive year, beating chief executives of Japanese carmakers.The list names top CEOs and executives from the automotiv
Nov. 30, 2011
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Hyundai, Kia tapped as top automotive brands in U.S.
Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two largest carmakers, have been tapped as top automotive brands in the U.S. market, industry sources said Monday.Hyundai and Kia both received “A-plus” marks from TrueCar.com in the latest Grades for Manufacturers and Brands review, they said, adding only Jeep received the same high marks in the monthly evaluation by the U.S. automotive solutions and information provider.Japanese carmakers such as Honda and Subaru received the
Nov. 28, 2011
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World’s carmakers face growing competition from Chinese firms
GUANGZHOU, China (DPA) ― The first Chinese cars built in Europe started rolling off the conveyor belt this year when Great Wall Motor Co. Ltd. built a plant in Bulgaria together with Litex Motors.The Voleex C10 was the first vehicle off the assembly line of the plant near the town of Lovech last week with tests of the production facilities and installations set to continue for the rest of the year before the first sales are launched at the beginning of 2012.The Hover H5 sports utility vehicle an
Nov. 27, 2011
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Toyota discussing green-car partnership with BMW
TOKYO (AFP) ― Japanese auto giant Toyota is in discussions with BMW over a partnership in eco-friendly cars, a press report said Saturday.Under the deal, the German automaker would provide diesel engines for Toyota vehicles, while Toyota would share its hybrid technology, the business daily Nikkei said.It would mark Toyota’s second green-technology tie-up with a major foreign automaker, following its agreement in August to develop hybrid-vehicle systems with Ford of the United States.A Toyota sp
Nov. 27, 2011
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Supercar makers chase China‘s superrich motorheads
MACAU - China’s superrich want supercars. That’s what the makers of world‘s most exotic and expensive sports cars are hoping as they gather in Macau this week for the first Asian edition of Monaco’s annual Top Marques show that began eight years ago.The supercar companies are chasing growth in China, which is churning out scores of new millionaires each year and is home to the world’s biggest auto market.Ferraris and Lamborghinis sat alongside rare and beautiful automotive works of art from less
Nov. 27, 2011
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Daimler plans to drop Maybach, focus on S-Class
Daimler AG will shut down the super-luxury Maybach brand to end almost a decade of losses and focus on developing vehicles under its Mercedes flagship marque. Stuttgart, Germany-based Daimler intends to stop producing the $350,000 Maybach when a new version of the Mercedes S-Class comes to market in 2013, Chief Executive Officer Dieter Zetsche said in an interview with Frankfurter Allgemeine Zeitung. Daimler hasn’t made a profit on the Maybach after deciding to reintroduce the 1930s-era marque i
Nov. 27, 2011
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Sales of midsize cars in U.S. shrink as buyers go smaller
DETROIT (AP) — You can‘t drive far in the U.S. without seeing a Toyota Camry, Honda Accord or Ford Fusion.Midsize sedans have been America’s favorite cars for decades. That‘s changing. More people are choosing small cars like the Chevrolet Cruze and even smaller ones like the Honda Fit because they’re worried about gas prices and car payments. There‘s another reason, too: Small cars are no longer the cramped econoboxes of the 1980s and 1990s, and they have many of the same features as larger car
Nov. 27, 2011
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Lexus cars recalled for faulty steering
Toyota Motor Korea Co. has recalled 3,357 Lexus ES330 and RX330 vehicles for faulty power steering pulleys that can cause safety problems for drivers, the transportation ministry said Sunday.According to the Ministry of Land, Transport and Maritime Affairs, the problems in the two models can cause the power steering system to fail or suddenly make it hard to control the handling of the car.Vehicles subject to the recall were cars made by Toyota in Japan between June 1, 2004 and March 31, 2011.Fr
Nov. 27, 2011
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Hyundai-Kia reshuffles Europe posts
Korean automaker’s move aimed at staging aggressive marketing and tackling the eurozone problemThe Hyundai Motor Group promoted division chiefs of the U.K and Middle East to country and regional head, in an HR strategy aimed at countering declining demand amid economic uncertainty in Europe. Hyundai U.K.’s managing director Tony Whitehorn on Friday was made the president and CEO of Hyundai Motor U.K., making him the first chief of the country to advance to a head-position in the history of Hyund
Nov. 27, 2011
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Hyundai Motor expands ties with Chinese car dealers
Hyundai Motor is broadening its ties with Chinese dealerships in an apparent judgment that China’s rapidly growing car market could decide the fate of the Korean automaker.The company has invited more than 50 dealers from China to introduce the Korean headquarters’ management philosophy and future development strategies in detail.The dealers from Beijing Hyundai Corp. are scheduled to visit a Hyundai Steel factory, an affiliate of the carmaker and participate in Korean cultural events until this
Nov. 25, 2011