Most Popular
-
1
Tensions heighten ahead of first president-opposition chief meeting
-
2
Seoul to provide housing subsidy to married couples with newborns
-
3
[KH Explains] No more 'Michael' at Kakao Games
-
4
Rapper jailed after public street fight with another rapper
-
5
Woman gets suspended term for injuring boyfriend with knife
-
6
[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
-
7
Samsung chief bolsters ties with Germany’s Zeiss
-
8
NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
-
9
China outpaces Korea in smaller OLED shipments for 1st time
-
10
Med schools expect 1,500+ new admission slots next year
-
GM sees Europe pricing weakness causing broad capacity cuts
General Motors Co. sees “clearly deteriorating” sales and pricing in Europe’s car market leading to restructuring across the industry, according to analysts who met with the automaker’s management yesterday. Analysts met with Dan Ammann, GM’s chief financial officer, and James Davlin, treasurer of the Detroit-based automaker, according to Citigroup Inc. Europe’s vehicle pricing has “worsened significantly” during the past three to four months, Rod Lache, a New York-based analyst at Deutsche Bank
March 18, 2012
-
U.S. auto dealers who survived debacle see record sales
Spring Chrysler-Jeep-Dodge-Ram in Houston was one of the fortunate U.S. auto dealers to have survived the industry meltdown of 2008 and 2009.“It was tough times,” Al Heggs, the dealership’s general manager, said of the period when sales plunged to less than 135 new cars and trucks a month from 300. “You don’t take any solace in the fact that everybody else is suffering. You just got to figure out how to keep yourself above water.”Beleaguered Spring Chrysler wound up doing that ― and much more. T
March 18, 2012
-
Two wheels lure young away from four
Sports motorbikes are offering a fuel-efficient alternative to cars for young people in the entry-level market. BMW Motorrad and Honda Korea note a two-digit expansion in sales of their flagship models over the past year, taking sales from the entry-level car market.The sales volume of Honda’s CBR125R, a 125cc engine bike, grew 128 percent last year alone. CBR125R boasts fuel efficiency of 57.3 kilometers per liter, making it attractive compared to compact cars after oil prices soared to all tim
March 18, 2012
-
Hyundai’s Elantra car of the year in South Africa
Hyundai Motor Co.’s Elantra won the Car of the Year prize of the 2012 annual competition of the South African Guild of Motoring Journalists on Wednesday, the company said Friday.After a two-day evaluation of the finalists, Hyundai’s medium luxury sedan was named the SAGMJ and WesBank’s choice of the year. This year is the first a Korean model has won the prize. “We are extremely proud of the recognition that a world-class product such as the Hyundai Elantra has received from the South African Gu
March 16, 2012
-
Hyundai Motor heir takes steel unit post
Hyundai Motor vice chairman Chung Eui-sun will take on a vice chairman post at Hyundai Steel.Chung was appointed as vice chairman in charge of product quality at the non-automotive affiliate of Hyundai Motor on Friday.The heir apparent of Hyundai Motor Group chairman Chung Mong-koo has now four titles including Kia Motors president & CEO and Hyundai Mobis vice chairman.“While Hyundai Steel vice chairman and CEO Park Seung-ha will still take the initiative in overall management of the company, vi
March 16, 2012
-
Mitsubishi cars come back to Korean market
Mitsubishi Motors Corp. resumed its vehicle sales in Korea by unveiling two models.The Japanese carmaker reentered the local market on Friday after a hiatus of about a year by signing an exclusive dealership contract with CXC Motors.CXC Motors was established by Hanjin Group founder’s grandson Henry Cho in 2011.Mitsubishi and CXC unveiled compact crossover RVR and pick-up truck L200 during the unveiling event at the KINTEX in Ilsan, Gyeonggi Province.CXC Motors is poised to open large showrooms
March 16, 2012
-
Chung foundation launches education program for poor
The Chung Mong-koo foundation of Hyundai Motor Group has set up an educational program dubbed “On Dream School.”The program is designed to foster outstanding figures among students from underprivileged households, Hyundai Motor said in a statement.Its main functions will include providing students ― from elementary to college ― with scholarships and opportunities for high-quality education.On Thursday, the social foundation signed a pact with the Ministry of Education, Science and Technology on
March 15, 2012
-
Hyundai Motor’s Veloster sales brisk in U.S. market
Hyundai Motor saw its U.S. sales of Veloster, a three-door sports car, jump last month on the back of the company’s Super Bowl advertisement.The company’s sales of the Veloster came to 3,240 units in the United States in February, up 91.4 percent from a year earlier.The Hyundai vehicle is vying for the top place in the sport compact segment with BMW’s Mini Cooper and the Fiat 500, which posted sales of 3,686 units and 3,227 units, respectively.The Veloster made a sensation in October last year,
March 13, 2012
-
Hyundai city car gains popularity in India
Hyundai Motor’s Eon is gaining popularity in India, becoming one of the five best-selling cars in the emerging market.The automaker saw sales of the Eon, a hatchback city car, surpass 10,000 units last month for the first time since its launch in India last September.With 10,480 units, the Eon ranked fifth in sales. The top four best-selling models were Maruti Suzuki’s Alto, Swift, Dzire and Wagon R. Hyundai’s Eon features an 800cc engine, and was launched in the local market in October, with sa
March 12, 2012
-
Porsche looks to sell more 4-door cars
Korea rises to 3rd in terms of new car sales of the premium sports car makerPorsche enjoyed a record year in sales driven by their non-sports models.“The great thing that happened was the Cayenne, which was introduced here in Korea in June 2010, and that hit the sweet spot of the customers here,” said Porsche president in Korea Michael Vetter.The sports car company has been in Korea since 1986 but suffered tremendously during the financial crisis that hit the country from 1997-98.In 2000, Porsch
March 12, 2012
-
Automakers snazz up small cars to lure wary buyers
The small cars premiering at the Geneva Motor Show last week were not the boxy fuel-savers of yesteryear.European automakers have downsized SUVs and put all the luxury they can into premium subcompacts as they seek to dazzle consumers back into confidence after years of crisis.European manufacturers are facing one of their toughest seasons yet. Unemployment and austerity measures have made consumers in Europe skittish, factories are idle, and yet there is little automakers can do to close plants
March 11, 2012
-
Mercedes-Benz reveals design revamp with new A-Class
Mercedes-Benz unveiled a radical redesign of its A-Class vehicles on Tuesday, the first in a series of facelifts for the German luxury automaker’s fleet. The sleek, sporty look of the new A-Class contrasts sharply with its dowdy predecessor, favored by the over-50s since it was launched more than a decade ago. “We’re looking for younger and more female customers,” said Dr Dieter Zetsche, the chief executive officer of Mercedes’ parent company Daimler. The customer reaction so far had been positi
March 11, 2012
-
Will FTA boost U.S. car sales here?
GM, Ford, Chrysler seek to attract consumers by lowering price tagsChrysler was the biggest-selling U.S. auto brand in Korea last month excluding Chevrolet of GM Korea. But Chrysler’s sales ranking among all import brands, including the likes of BMW and Mercedes-Benz, was just eighth.Further, its February sales of 301 units included Jeep and Dodge vehicles as well as Chrysler sedans. Ford, including the Lincoln brand, ranked 10th with 230 units while Cadillac of General Motors was 18th with 59 u
March 11, 2012
-
Hyundai chief stresses creativity
Chairman Chung wins award for ‘2011 Top Manager in the World’Hyundai Motor chairman Chung Mong-koo reiterated that the company should make a breakthrough in Europe with unique strategies.Chung, who is visiting the 82nd Geneva International Motor Show in Switzerland, called for Hyundai’s European corporations to cope with the European crisis with a creative mindset.Chung was quoted by Hyundai executives as saying, “Though the European market is the origin of the global economic slowdown, Hyundai
March 7, 2012
-
Mitsubishi, Citroen, Fiat to reenter Korea
Three foreign automakers will soon make inroads into Korea as the nation’s import car market continues to expand.Mitsubishi Motors and Citroen have decided to reenter Korea in March and April, respectively. Fiat is fine-tuning the timing of its advancement.Mitsubishi Motors will resume sales in the local market in mid-March after a year-long hiatus.Its official importer and distributor has been changed to CXC Motors from the former MMSK.CXC Motors is poised to open large showrooms for the Japane
March 6, 2012
-
Hyundai, Kia, BMW to provide vehicles for nuclear summit
Hyundai Motor and its affiliate Kia Motors will help support the 2012 Nuclear Security Summit in Seoul, slated for March 26-27.The two companies delivered 262 vehicles, produced for protocol and guard of the global leaders, to the preparation committee for the summit on Monday.The vehicles included the Equus limousine by Hyundai Motor and the Starex van from Kia Motors, which will be used for the figures from more than 50 countries.The automakers will also run a maintenance team of 70 experts fo
March 5, 2012
-
GM to compensate apartheid victims in South Africa
For victims of South Africa’s defunct apartheid regime, it is a financially small, but symbolically important victory over a U.S. corporate icon.This week, car giant General Motors agreed to pay up to 1.5 million dollars to a group of more than 20 South Africans who suffered torture, arrest and other forms of harassment at the hands of the regime.The claimants are suing the car company and four other global firms for their allegedly crucial role in supporting white-minority rule ― which ended in
March 4, 2012
-
Finesse on four wheels
Aesthetics are always subjective. How would you choose the supercar of your dreams among Lamborghini, Ferrari, Maserati or Bentley?Gone are the days when the wealthy would ogle a Mercedes Benz or BMW above all else. High-end customers are increasingly eyeing built-to-order, traffic-stopping beauty rarely seen in most neighborhoods.“I have compared Lamborghini Aventador, Maserati Quattroporte and Porsche 911 and decided to settle on the 911. I can get technical about the decision process, it is c
March 4, 2012
-
Hyundai, Kia cars post record sales in U.S.
Hyundai Motor and Kia Motors saw their February sales in the U.S. market reach an all-time high.Hyundai Motor sold 51,151 units last month in the U.S., up 18 percent from 43,533 units a year earlier. It is a record-high performance for the carmaker’s February sales.Sales of the Sonata and Avante, called the Elantra in the U.S., came to 17,425 and 13,820 units, respectively.Kia Motors, an affiliate of Hyundai Motor, reported 37.3 percent growth with sales of 45,038 units in the world’s biggest au
March 2, 2012
-
Hyundai Motor family firms up grip on group
Hyundai Motor Group chairman Chung Mong-koo and his son Eui-sun have been expanding their presence in the group’s subsidiaries.Chairman Chung is to take on the role of a standing director in Hyundai Engineering & Construction, which was acquired by the automotive group in March 2011, Hyundai Motor said Wednesday.Last Friday, Chung Eui-sun, Hyundai Motor vice chairman and Kia Motors president, was named a standing director of Hyundai-Steel.According to Hyundai spokespeople, their direct involveme
Feb. 29, 2012