Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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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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Seoul to promote luxurious side of the city
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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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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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New Hyundai Motor Santa Fe SUV on market
Hyundai Motor Co., Korea’s largest carmaker, said Friday that it started selling the 2012 model Santa Fe sport utility vehicle on the local market.The updated model of the popular SUV has a restyled radiator grille, new headlights and positioning lamps that improve the overall attractiveness of the vehicle, the company said.It also said the new Santa Fe will have 18-inch aluminum wheels, a black h
July 3, 2011
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Toyota recalls 114,000 hybrid vehicles worldwide
Toyota Motor Corp said it would recall about 114,000 hybrid cars in Japan, Europe and the United States because of faulty transistors in control boards.Toyota said it would conduct a voluntary safety recall in the U.S. involving about 45,500 Highlander hybrid sports utility vehicles and 36,700 Lexus RX 400h sports utility vehicles.Some transistors in the recalled cars were “inadequately soldered a
July 3, 2011
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Korean carmakers fly high on exports
Toyota and other Japanese car sales down more than a fifth in JuneLocal automakers led by Hyundai, Kia and SsangYong reported all-time high sales with double-digit growth in the first half, benefiting from the demand-drop for Japanese vehicles after the March earthquake.Domestic sales at Hyundai Motor Co., the industry leader, jumped 7.2 percent on-year to 344,422 units in the January-June period.
July 3, 2011
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Porsche Cayenne surging in China
Porsche CayenneChina surpassed the U.S. as the world’s largest car market on sales of sedans. Future growth lies with sport-utility vehicles. SUV deliveries rose 30 percent this year through May, compared with a 6 percent gain for total passenger-car sales, according to the China Association of Automobile Manufacturers. Sales of SU
July 3, 2011
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Audi’s convertible supercar targets Ferrari
Audi AG is taking aim at Ferrari SpA with a convertible version of the R8 GT supercar, as the Volkswagen AG unit hones a high-end sporty image in its quest to overtake Bayerische Motoren Werke AG as the luxury-car leader. The R8 GT Spyder, Audi’s most expensive series production car, boasts carbon-fiber in the front and rear spoilers to reduce weight and help the car accelerate to 100 kilometers p
July 3, 2011
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BMW widens sales of luxury cars in U.S.
Bayerische Motoren Werke AG’s BMW brand outsold Daimler AG’s Mercedes-Benz last month, expanding its lead as the top-selling luxury auto brand in the U.S. so far this year.BMW’s U.S. sales, helped by deliveries of the new 5 Series sedan and sport-utility vehicles, rose 13 percent last month to 21,637 compared with a year earlier, the Munich-based automaker said yesterday in a statement.Mercedes sa
July 3, 2011
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Hyundai-Kia overtakes 6 competitors in a decade
Hyundai Motor and its affiliate Kia Motors emerged as one the world’s top five automakers in global sales last year, selling more than 5 million vehicles.About a decade ago, the two companies under the wing of Hyundai Motor Group ranked 11th worldwide in total sales volume.Climbing six notches in less than 10 years was not a simple accomplishment, as it required stepping over global players includ
June 29, 2011
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Mercedes-Benz introduces new CLS 63 AMG
Mercedes-Benz Korea, the local unit of the luxury car division of Daimler AG, has introduced the second-generation of its passenger vehicle, the CLS 63 AMG, in Korea.The new CLS 63 AMG comes with a new V8 5.5-liter biturbo engine that is smaller than the 6.2-liter engine in the previous version, but generates more horsepower and torque while consuming less gasoline. Mercedes-BenzThe new engine pro
June 26, 2011
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Renault Samsung launches New QM5 crossover car
Renault Samsung Motors on Sunday unveiled its updated QM5 crossover utility vehicle that aims to enhance the carmaker’s image as a quality manufacturer of upper-end cars.The new QM5 is a makeover of the existing vehicle with streamlined exterior lines, rearranged headlamps and a radiator grille that gives it a more “urban” style that could be more attractive to Korean consumers.The company, which
June 26, 2011
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Hyundai-Kia shifts consumer target in U.S.
Portion of small vehicles continues to drop in American sales over a decadeHyundai Motor had been regarded as a minor player in the United States and had focused on finding a niche. Its main target was the small-sized vehicle market.Hyundai Motor and its affiliate Kia Motors saw small vehicles account for more than half in their North American sales in 2001.But the portion of small cars in Hyundai
June 26, 2011
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Hyundai supports parts makers in Europe
In road show, Italy focuses on Korean auto parts makersHyundai Motor Group held a fair in Italy to give Korean auto parts manufacturers the opportunity to make inroads into the southern European market.The automotive group said Thursday that it held a “Fiat Tech Fair,” a road show for auto components, at Fiat Group Automobiles in Turin, Italy. Hyundai Mobis, a unit of Hyundai Motor Group, hosted t
June 23, 2011
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Auto Build selects Morning as best compact
Kia’s MorningAuto Build, the world’s most circulated car magazine from Germany, selected Kia’s Morning as the best compact car in the world, The Hyundai Kia Automotive Group said.In a comparative analysis of the world’s compact cars, the magazine selected Kia’s latest version of Morning city car as the best model for driving comfort, followed by Hyundai’s i10.Other candidate models included Fiat P
June 19, 2011
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China car market to begin recovery in 6-12 months
June 19, 2011
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GM offers Transformers pre-screenings
GM Chevrolet cars featured on “Transformers: Dark of the Moon”GM Korea Co. is offering customers an opportunity to apply to watch a pre-screening of “Transformers: Dark of the Moon” in advance of its opening to the Korean public, the company said. The third installment of Michael Bay’s Hollywood blockbuster will be available for pre-screening by Monday June 20 on Chevrolet’s event website at www.e
June 19, 2011
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Renault Samsung bullish on new SM7
Marketing chief says new SM7 beats rivals, firm recovering from Japan quake impactThe revamped SM7, to be released within three months, will be successful in the country’s upper largesized sedan market with its improved driving comfort, Frederic Artaud, marketing chief at Renault Samsung, predicted Sunday. “As showcased and proved at the Seoul Motor Show 2011, Renault Samsung is highly confident o
June 19, 2011
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Foreign carmakers’ market share rises to 6.5%
Foreign carmakers saw their combined market share in Korea climb by 1 percentage point over the past year.They captured 6.5 percent of the local market with sales of 42,700 vehicles between January and May, up from 5.5 percent with 34,318 units during the corresponding period of last year.In May, the foreign carmakers posted 6.8 percent market share by selling 8,777 units, according to the automot
June 13, 2011
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Hyundai Mobis wins Mitsubishi, Subaru order
June 12, 2011
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Small cars to take up half of import market
Small vehicles with low engine displacement are expected to account for 50 percent of the total sales of import vehicles in South Korea as early as the third quarter.The ratio of cars with an engine capacity of less than 2.0 liters to the total number of cars sold came to 45.2 percent in May.They sold 3,969 small-sized cars ― at low and medium priced ― out of the total 8,777 units last month, acco
June 12, 2011
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Hyundai Motor halts Asan plant operation following suicide
Hyundai Motor Co. was forced to halt output at one of its plants in South Korea Thursday after unionized workers talked off their job after one of their colleagues committed suicide, the company and union said.Assembly workers laid down tools at Hyundai's plant in Asan, about 100 kilometers southwest of Seoul, from 2:30 p.m., claiming that one of their leaders committed suicide earlier in the day
June 9, 2011
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Korean auto parts makers target Brazil
Korea’s auto parts manufacturers are aggressively seeking inroads into Brazil, the world’s fourth-largest automobile market.Brazil has emerged as the world’s sixth-largest automobile producer and sold about 3.6 million vehicles last year, grabbing the world’s fourth place.The active advancement of local companies has been fueled by the recently growing demand for made-in-Korea components in the So
June 9, 2011