After demands aired, solution to Qatar crisis seems far off

The Korea Herald > Business > Automode

SsangYong April sales fall 18% on lower demand

SsangYong Motor Co. said Tuesday its April sales plunged 18 percent last month from a year earlier due to slowing overseas demand. The South Korean unit of Indian carmaker Mahindra & Mahindra Ltd. s...

Updated : 2017.05.02 15:48

BMW Korea fined for overstating fuel efficiency

The government fined BMW Korea, the local unit of the German luxury carmaker, 102 million won ($90,273) and ordered it to recall 3,465 vehicles for reporting better fuel efficiency than the one measu...

Updated : 2017.05.02 15:09

Kia launches Soul EV with extended range

Kia Motors Corp. on Tuesday launched the latest version of the Soul electric vehicle with an extended range, a move aimed at adding more fuel-efficient models to its lineup. The 2018 Soul EV can tra...

Updated : 2017.05.02 10:36

Govt. approves pilot run of Samsung's self-driving car

South Korea's land ministry said Monday it has approved a test run of Samsung Electronics Co.'s self-driving car currently under development based on deep-learning technology. The approval made by t...

Updated : 2017.05.01 12:03

Benz Korea aims to sell over 60,000 units this year

Mercedes-Benz aims to sell a record high of over 60,000 units in South Korea this year, posting double-digit sales growth for a second consecutive year, the head of the company's local unit has said....

Updated : 2017.05.01 10:53

Sales of OEM cars plunge 58% in Q1

Sales numbers of vehicles produced overseas and sold here by local manufacturers shrank greatly in the first quarter of the year from a year earlier, data showed Thursday, apparently due to advances ...

Updated : 2017.05.01 09:50

Amid South Korea’s SUV boom, local automakers seek momentum

SsangYong Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra, launched a premium large-size SUV dubbed the G4 Rexton last week, seeking to cement the company as an automaker that spe...

Updated : 2017.04.30 15:23

LPG vehicles decrease by 90,000 in 2016: data

The number of liquefied petroleum gas vehicles registered in South Korea dropped by 90,000 last year mainly due to price hikes for fuel and the lack of new models made by local carmakers, industry da...

Updated : 2017.04.30 10:09

Hyundai unveils more details of Kona crossover ahead of launch this summer

Hyundai Motor Co., South Korea's biggest carmaker by sales, on Friday unveiled more details of its all-new Kona crossover set to be launched in the domestic market this summer. In its second teaser ...

Updated : 2017.04.28 12:12

Hyundai bets on rising demand in emerging markets amid THAAD row

Hyundai Motor Group, South Korea's top automotive conglomerate, is betting that rising demand in emerging markets will offset sales declines in China amid a row over the deployment of an anti-missile...

Updated : 2017.04.28 11:27

SsangYong Motor swings to loss in Q1 on currency

SsangYong Motor Co., a South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., shifted to a net loss in the first quarter from a year earlier due to hefty currency losses, the company said Fri...

Updated : 2017.04.28 10:58

Kia Motors to invest $1.1b in Indian factory

Kia Motors, South Korea’s second-largest automaker, signed a memorandum of understanding with the Indian government on the construction of its fifth overseas factory in India’s southeastern state o...

Updated : 2017.04.27 15:25

Hyundai cuts prices for i40 models to boost sales

Hyundai Motor Co., the country's largest carmaker by sales, has cut the prices for its i40 models to boost sales amid a prolonged economic slowdown, the company said Thursday. For this year's models...

Updated : 2017.04.27 14:36

Audi Korea, Nissan Korea to recall some 7,000 vehicles

Audi Volkswagen Korea and Nissan Korea have been ordered to recall 7,137 units across seven models due to manufacturing defects, the Ministry of Land, Infrastructure and Transport said Thursday. The...

Updated : 2017.04.27 12:41

Kia Q1 net plunge 19% on weak demand in China, US

Kia Motors Corp., South Korea's second-largest carmaker by sales, posted a 19 percent on-year drop in its first-quarter net profit due to weak demand in China and the United States, the company said ...

Updated : 2017.04.27 10:17