Hankook Tire to supply for Toyota’s Sienta minivan
[ THE INVESTOR ] Hankook Tire , South Korea’s largest tire maker, will supply original equipment tires for Toyota Motor’s Sienta minivan, the company said on Sept. 27. Hankook Tire will install ...
Sept 27, 2016
Hyundai Motor’s Q3 profits likely to decline: analysts
[ THE INVESTOR ] Market watchers forecast that Hyundai Motor would report on-year decline in earnings for the July-September period due to a drop in sales, in both domestic and overseas markets....
Korean automakers produce more cars overseas
[ THE INVESTOR ] South Korean automakers produced more cars at their overseas plants than in South Korea, industry data showed on Sept. 27. From January to August, seven automakers -- including ...
Volvo expects record sales in Korea this year
[ THE INVESTOR ] Swedish carmaker Volvo said on Sept. 26 that it will be selling about 5,200 vehicles this year in Korea, a record figure since its entry into the market. Volvo Korea CEO Lee Yoon...
Sept 26, 2016
Jaguar Land Rover, Hyosung Premier Motors form dealership contract
[ THE INVESTOR ] Jaguar Land Rover Korea, importer and distributor of Jaguar and Land Rover brand vehicles, said on Sept. 26 that it formed a dealership contract with Hyosung Premier Motors, an af...
Volkswagen fallout: Delay in certification keeps carmakers from releasing new cars
[ THE INVESTOR ] South Korean regulators are scrutinizing new imported vehicles, especially those running on diesel engines, more closely after the revelation that Volkswagen and Audi cheated on e...
Ssangyong, LG Uplus, Tech Mahindra team up for connected cars
[THE INVESTOR] Ssagyong Motor , owned by India’s auto giant Mahindra & Mahindra, on Sept. 26 said that it has partnered with IT affiliate Tech Mahindra and a local network carrier LG Uplus to dev...
Hyundai Motor’s anti-cancer fundraising campaign praised by US Congress
[THE INVESTOR] Hyundai Motor was praised on Sept. 23 for its campaign to raise funds for childhood cancer at the annual Childhood Cancer Summit in the United States. The Child Cancer Caucus, invol...
Hyundai Motor workers stage first full strike in 12 years
[THE INVESTOR] The Hyundai Motor production lines came to a complete stop on Sept. 26 with the labor union staging the first full strike since 2004. The union began a full strike with the first s...
Comfortable SUV QM6 widens competition
[ THE INVESTOR ] Motorists looking for affordable sport utility vehicles have a wider range of options now. Renault Samsung‘s latest SUV, the new QM6, has jumped into the fray, with a set of smart...
Sept 25, 2016
Powerful yet elegant BMW 750Li
[ THE INVESTOR ] German auto giant BMW invited the press on Friday to get behind the wheel of its flagship model 750Li xDrive on Jejudo, a resort island off the southern coast of South Korea, to m...
India beats South Korea to become the world’s No.5 auto producer
[ THE INVESTOR ] India replaced South Korea as the world’s fifth-largest producer of automobiles in the first seven months of this year, industry data showed on Sept. 25. South Korea fell one ran...
Kia to tap Ethiopian market with knockdown kit assembly
[ THE INVESTOR ] Kia Motors and Ethiopia’s Belayab Motor have signed a deal for assembling the Korean automakers vehicles in Ethiopia, news outlets reported on Sept. 23. According to reports, Be...
Sept 23, 2016
GM mulls rolling out Chevrolet Bolt EV in Korea
[ THE INVESTOR ] US automaker General Motors is considering to launch Chevrolet’s electric vehicle Bolt in South Korea, the company’s chief marketing officer said. “We will actively consider relea...
GS Caltex stops carbon fiber project for Tesla
[ THE INVESTOR ] GS Caltex, South Korea’s second-largest oil refiner, said on Sept. 23 that it has recently stopped a carbon-fiber development project for Tesla Motors. Since 2014, the company was...
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