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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Automakers to benefit most from Korea-U.S. FTA
Sales growth in No. 1 market could boost car exports to BRIC countriesThe auto sector is regarded as one of the few local industries to greatly benefit from the Korea-U.S. Free Trade Agreement.The FTA, which was recently ratified by both countries’ legislative bodies, is widely expected to push up Korean carmakers’ position in the world’s largest auto market.Experts predict that about 5,000 small and mid-sized Korean auto parts manufacturers will be able to expand their presence in the United St
Nov. 23, 2011
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Hyundai Motor inks 3-year Grammy Awards partnership
Hyundai Motor Co., South Korea‘s largest carmaker, said Wednesday that it signed a three-year contract to support the U.S. Grammy Awards.Under the contract, Hyundai will be the exclusive vehicle partner for the prestigious award sponsored by the National Academy of Recording Arts and Sciences for outstanding achievement in the music industry. The carmaker said that its vehicles will be used to ferry celebrities to the awards ceremony slated for February 2012.It will also play a role in the Gramm
Nov. 23, 2011
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Hyundai secures sales networks in Europe
Hyundai Motor has embarked on securing competitive sales networks in Germany and France, which account for 41 percent of the European automobile market.The automaker will take over wholesale distributors in Germany and France from Switzerland-based Emil Frey, as part of its strategy to enhance marketing and sales in Europe.The Hyundai Motor Group said Tuesday that Hyundai Motor Europe Corp. will acquire a 70 percent stake in a German dealership company from Emil Frey, the second-largest dealer g
Nov. 22, 2011
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Hyundai unveils localized model at Guangzhou motor show
HONG KONG -- South Korea’s top automaker Hyundai Motor Co. has introduced its first localized car model at an international motor show in China, vying to grab a larger share of the world’s largest automobile market, company officials said Tuesday. Hyundai Motor said earlier it would develop a new brand exclusively for China in a bid to provide a more tailored product for Chinese consumers.The new concept car is called the “Shouwang”, meaning being “of high birth” in the ancient Chinese language.
Nov. 22, 2011
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Denmark, Norway pick Hyundai SUV as fuel cell test bed
Denmark and Norway have chosen the Tucson ix35 sport utility vehicle by South Korea’s leading automaker Hyundai Motor Co. as a fuel cell test bed vehicle, the company’s parent group said Tuesday.Hyundai Motor Group, whose flagship companies include Hyundai and Kia Motors Corp., said the selection highlights the competitiveness of its fuel cell technology and growth potential of the eco-friendly vehicles.Fuel cell systems convert chemical energy from natural fuel sources, such as hydrogen, direct
Nov. 22, 2011
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Ssangyong Motor launches flagship sedan in China
Ssangyong Motor Co., South Korea‘s smallest carmaker, announced Monday the launch of its flagship luxury sedan for the first time in China, as the company moves to expand into the world’s largest auto market.The Chairman W, which is on display at the ninth annual Guangzhou International Motor Show, will officially go on sale Tuesday, the carmaker said.The CW700 limousine features a 3.6-liter XGi3600 engine and carries a price tag of around 120 million won ($105,200), Ssangyong said, adding it is
Nov. 21, 2011
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Suzuki says it wants to end alliance with Volkswagen
Suzuki Motor Corp said Friday it was terminating itspartnership with Volkswagen AG and threatened to take the matter toan international arbitration if the German company refused to sellits 19.9-per-cent stake in its smaller Japanese partner.The two carmakers are at odds over claims by Suzuki thatVolkswagen had not granted it access to certain technologies, inbreach of a promise made in a 2009 partnership deal. Relations souredfurther after VW called Suzuki an “associate” in its annual report.“To
Nov. 20, 2011
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Toyota awaits Prius bounce as inventory recovers, oil rises
Toyota Motor Corp., the biggest seller of gasoline-electric cars, said U.S. sales of Prius will revive with increased inventory and rising oil prices.Deliveries of the Prius, the top-selling hybrid since 1997, declined 9.4 percent through October from a year ago. Competitors also stumbled. Honda Motor Co.’s Insight fell 21 percent and Ford Motor Co.’s Fusion Hybrid sedan slid 48 percent in the same period, according to Autodata Corp.“When Toyota is 70 percent of the market and we had to stop Pri
Nov. 20, 2011
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All-electric SM3 planned for 2012
Renault Samsung says state support required for cars with replaceable batteriesTheRenault Samsung Motors said Sunday that it is working to produce an all-electric version of its mid-sized SM3 sedan next year with replaceable batteries that can be exchanged at drive-in facilities.The Korean unit of the French carmaker has the goal of launching 250 “zero-emission” vehicles by December 2012 to show its commitment in clean energy vehicles, while key requirements for the plan would involve policymake
Nov. 20, 2011
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New car sales in Europe fall amid deepening economic gloom
New car registrations in Europe fell by 1.8 percent in October, the European Automobile Manufacturers’ Association said Wednesday, amid signs of deepening economic gloom across the region.The month-on-month drop brought total new registrations in the 27-member European Union down to 1.01 million vehicles, with sharp falls in the nations that have emerged at the heart of Europe’s debt crisis.This includes Italy and Spain, where new car registrations slumped by 5.5 per cent and 6.7 per cent respec
Nov. 20, 2011
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Imported cars in Korea to top 600,000 units
Imported cars registered in South Korea are expected to surpass the 600,000-unit mark for the first time this month, buoyed by solid consumer demand, a trade association said Thursday.The Korea Automobile Importers and Distributors Association said the number of foreign-made cars on the country’s streets, excluding commercial vehicles such as trucks and buses, hit 596,398 units as of the end of October.The figure is equivalent to 4.2 percent of the 14 million passenger cars registered in the cou
Nov. 17, 2011
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Ssangyong Motor exports to set milestone this year
Carmaker projects exports to reach 63,169 units in Jan.-Oct. periodSsangyong Motor is projected to post record export performance this year, taking the lead in the growth of overseas sales among carmakers in Korea.The company saw its exports reach 63,169 units for the first 10 months of 2011, up 61.3 percent from 39,158 units over the corresponding period a year earlier.Company executives predict that exports per annum will come to 75,000 units this year. The carmaker’s current record-high figu
Nov. 16, 2011
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Hybrid car sales drop sharply in Oct.
South Korea’s hybrid vehicle sales dropped sharply in October despite high fuel prices, local industry sources said Tuesday.Consumer demand for the fuel efficient vehicles that run on both combustion engines and electric power posted a double digit slump in sales despite concerted efforts by carmakers and the government.Seoul has moved to cut taxes levied on hybrids to bolster sales, while producers have offered favorable warranties to attract consumers.Hyundai Motor Co. South Korea’s largest ca
Nov. 15, 2011
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S. Korea's hybrid car sales drop sharply in October
South Korea's hybrid vehicle sales dropped sharply in October despite high fuel prices, local industry sources said Tuesday.Consumer demand for the fuel efficient vehicles that run on both combustion engines and electric power posted a double digit slump in sales despite concerted efforts by carmake
Nov. 15, 2011
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Hyundai Motor unveils all-new Genesis Coupe
Hyundai Motor Co., South Korea’s largest automaker, on Sunday unveiled its all-new premium Genesis sports coupe that features more power, a dynamic exterior and passenger comfort.The vehicle, which shares the same external dimensions with the older model launched in October 2008, has a large radiator grill, aggressive head lamps and rear light combinations with liberal use of light emitting diode lights.The car, shown for the first time at the Korea International Circuit in Yeongam, South Jeolla
Nov. 13, 2011
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Hyundai, Kia set milestone in U.S. exports
Hyundai Motor Co. and its affiliate Kia Motors Corp. saw their cumulative sales in the U.S. surpass 10 million units as of October.In the North American market, Hyundai Motor sold about 7.13 million units over the past 25 years and Kia Motors’ sales came to about 3.68 million units over 17 years.Hyundai, which was established in 1967 and experienced first exported of the Pony sedan in 1976 to Ecuador, finally entered the U.S. market in 1986.The company has actively expanded its presence there wi
Nov. 13, 2011
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Mercedes dealer names new CEO
Han Sung Motor, the official Mercedes-Benz dealer in Korea, announced Friday that it will name Ulf Ausprung as its new chief executive.The new CEO’s 18 years of experience in automobile industry, which mainly focuses on sales and marketing, were decisive factors for him to be selected, the company said in a statement.His experiences encompass working in a variety of regions including China, where he worked as a senior manager at a local deaer for six years. The CEO also spent few years in the Mi
Nov. 13, 2011
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Hyundai, Kia U.S. car sales to top 1m mark this year
U.S. sales of vehicles made by Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to surpass the 1 million mark for the first time this year, fueled by a surge in consumer demand, the carmakers said Thursday.The two companies, part of the world’s fifth-largest automaker Hyundai Motor Group, said their combined sales in the U.S. market jumped 26 percent on-year to 950,411 units in the first 10 months of this year.Hyundai, South Korea’s largest carmaker, said it sold 545,316 cars in
Nov. 10, 2011
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Hyundai, Kia cars win Middle East ‘car of the year’ awards
Four vehicles made by top South Korean automaker Hyundai Motor Co. and its affiliate Kia Motors Corp. have won 2011 Middle East Motor Awards, industry sources said Wednesday.The cars that ranked first in their respective sections were Hyundai’s Accent subcompact and Elantra compact and Kia’s Optima mid-size sedan and Sportage compact sport utility vehicle.The two automakers are the flagships of Hyundai Motor Group, the world’s fifth-largest car manufacturer, with Hyundai sales in the region risi
Nov. 9, 2011
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Honda to release over 10 new models in S. Korea: CEO
Honda Motor Co., Japan‘s No. 2 carmaker, plans to launch more than 10 new models in the growing South Korean market, the company’s global CEO said Wednesday.Takanobu Ito said in a meeting with reporters that South Korea has become an important market for the Japanese carmaker and said all available resources will be used to boost competitiveness here.He did not give the names of the car models Honda wants to sell in South Korea or a time frame for their release but said the launching of the 2012
Nov. 9, 2011