Most Popular
-
1
Exports to US reach all-time high, widen gap with China
-
2
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
3
[Music in drama] Rekindle a love that slipped through your fingers
-
4
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
5
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
6
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
7
Seoul Metro to seek legal action against malicious complaints
-
8
Illit, mired in controversy, remains on Billboard charts for 5th week
-
9
On May Day, labor unions blast Yoon's foreign nanny proposal
-
10
[KH Explains] Will alternative trading platform shake up Korean stock market?
-
Ford Europe wants to brave weak market with new models
Ford of Europe wants to defy tough market conditions created by the euro zone crisis. The carmaker plans to introduce a series of new models in Europe this year, German Ford head Bernhard Mattes told the German Press Agency dpa.The models will include a new Mondeo, an electric Focus, a new Transit and the next generation of Cougars, Mattes said in an interview at the North American International Auto Show in Detroit.“We are optimistic that this series of impulses will give us strong competitive
Jan. 15, 2012
-
Luxury saloons heat up Korea’s import market
Last year may have been all about fuel efficiency and hybrids, but sleek, executive sedans from Germany are taking over the hype this year. Hot new cars are to come from Porsche, BMW and Volkswagen, which plans more new launches than ever in 2012.Volkswagen will introduce the Scirocco R-Line in Korea next month, a long awaited sports coupe with looks to match Hyundai Motor’s Veloster. The three-door coupe is a third-generation model and will come with a six-speed manual transmission and up to 17
Jan. 15, 2012
-
BMW recalls Mini Coopers in U.S.
Bayerische Motoren Werke AG is recalling 88,911 Mini Cooper cars because of a defect that has caused fires, the U.S. auto-safety regulator said.The circuit board on the electric auxiliary water pumps that cool the cars’ turbochargers can malfunction, overheat and cause fires, BMW said today in a posting on the U.S. National Highway Traffic Safety Administration’s website.In October, the agency opened an investigation into Minis after reports of 12 engine fires, including five that destroyed the
Jan. 15, 2012
-
GM Korea CEO quits
Automaker denies report on Chevrolet plant moving to EuropeGM Korea announced Friday that its CEO Mike Arcamone has resigned with his term not yet expired and that GM International Operations vice president John Buttermore will assume the interim chief position. GM Korea said Arcamone “would leave the auto industry and return to his homeland of Canada” without elaborating. Arcamone’s departure came as the Korean unit of the U.S. automaker is seeing a surge in sales on the domestic market after i
Jan. 13, 2012
-
Hyundai eyes domestic sales of 700,000 cars
Hyundai Motor Co., South Korea’s largest carmaker, said Friday that it is targeting to sell 700,000 vehicles in the domestic market this year, up 2.4 percent from 2011.Hyundai Motor, which sold 683,570 units locally last year, said competition in the domestic market is expected to be fierce this year and a free trade deal with the U.S., expected to go into effect in the next few months, could make foreign-made cars more competitive.“Imported cars are expected to compete more aggressively for dom
Jan. 13, 2012
-
General Motors may move Korean work to Europe: report
GM Korea CEO resigns suddenly; Buttermore assumes interim chiefGeneral Motors is considering moving car production from South Korea to Europe, the British Telegraph newspaper said Friday. The plan, yet to be confirmed, is intended to revive the troubled Opel and Vauxhall arms, the Telegraph said, adding that some Chevrolet production lines might be transferred back to Europe to bolster its production lines there.“We are not going to comment on speculation, but management, the works council and t
Jan. 13, 2012
-
Ssangyong Motor unveils new LUV Korando Sports
Ssangyong Motor Co., South Korea’s smallest automaker, on Thursday unveiled the latest version of its diesel-powered leisure utility vehicle in a bid to meet growing consumer demand for outdoor leisure activities.The Korando Sports is equipped with a 2.0-liter e-XDi200 diesel engine, which produces a maximum 155 horsepower. The company said the engine has a high fuel efficiency of 15.6 kilometers per liter and six-speed automatic transmission, the carmaker said.“Ssangyong invested 90 billion won
Jan. 12, 2012
-
Sonata named car of the year in China
Hyundai Motor Co.’s Sonata has been named the best car of the year by two Chinese car publications, industry sources here said Wednesday.The Sonata, Hyundai Motor’s flagship mid-size sedan, was selected as 2011 car of the year by Auto Sohu, one of the most influential automobile Web sites in China with 70 million daily visitors, according to the sources.Based on Internet polls and expert advice, the Chinese media picked the Sonata as last year’s best car, citing the sedan’s stylish exterior desi
Jan. 11, 2012
-
Hyundai hit by stoppage after worker suicide bid
Unionised workers at South Korea's largest carmaker Hyundai Motor stopped work at engine plants in one factory Tuesday after a union member set himself ablaze due to alleged bullying by bosses. (Yonhap News)The union said workers at the five engine plants in the southeastern city of Ulsan stopped pr
Jan. 10, 2012
-
Kia Motors gears up to maintain its share in Korean market
Kia Motors Corp. said it will maintain its 33 percent share in the domestic car market this year in order to consolidate its position as the No. 2 player here.The company set its 2012 target on the back of releases of new vehicles and steady sales of popular models.Last year, Kia Motors sold 493,003 vehicles in the South Korean market for a 33.6 percent share, fueled by the popularity of new models such as the Morning and Pride, and growing demand for mid-size cars like the K5.“Despite fierce co
Jan. 8, 2012
-
Cadillac takes on BMW amid GM rebound
General Motors Co., with renewed verve as the world’s biggest automaker, will be in the spotlight at the Detroit auto show next week taking on BMW and its popular 3-Series line with a new compact Cadillac. The new model represents Chief Executive Officer Dan Akerson’s strategy for gaining ground in the compact-luxury segment. GM is trying to barge into the market for small, upscale cars, an important entryway for new customers that is dominated by German vehicles such as the 3-Series and the Mer
Jan. 8, 2012
-
Audi seeks to pass other German brands in U.S.
Audi will add models to feed U.S. passion for sedans and sport-utility vehicles and gain ground on market leaders Daimler AG and BMW.Audi will use the Detroit motor show next week to unveil a concept “Vail” version of the compact Q3 SUV for the U.S. market and plans to build a sedan version of the A3 hatchback after the newest model comes to market this year, CEO Rupert Stadler said in an interview. U.S. growth is critical to efforts by Audi, the top seller in western Europe and China, to replac
Jan. 8, 2012
-
Mahindra considers XUV500 for Korea
Ssangyong back in expansion mode, plans 5 new cars by 2016DELHI, India ― India’s largest SUV manufacturer Mahindra & Mahindra Ltd. says it will bring its flagship model XUV500 to the Korean market.“We’re studying the business feasibility of launching XUV500 in Korea. Various components needs to be adjusted to meet local demands before we can make the decision to bring the vehicle to the Korean market, and we’re trying to see if the investment would be worth the potential revenue,” Pawan Goenka,
Jan. 8, 2012
-
Kia vows to maintain share in local market
Kia Motors Corp. said it will maintain its 33 percent share in the domestic car market this year in order to consolidate its position as the No. 2 player here.The company set its 2012 target on the back of releases of new vehicles and steady sales of popular models.Last year, Kia Motors sold 493,003 vehicles in the South Korean market for a 33.6 percent share, fueled by the popularity of new models such as the Morning and Pride, and growing demand for mid-size cars like the K5.“Despite fierce co
Jan. 8, 2012
-
BMW grabs US luxury car crown
BMW overtook Mercedes-Benz in a surprise upset Thursday to grab the crown of best-selling luxury brand in the United States after an incentive-fueled race to the finish of 2011. Bayerische Motoren Werke AG ( BMW) vehicles are displayed at the Tokyo Motor Show 2011 in Tokyo, Japan. (Bloomberg)Th
Jan. 6, 2012
-
Import car sales drop for first time in 28 months
The nation’s import car industry saw its monthly sales fall for the first time in 28 months in December 2011.According to the Korea Automobile Importers and Distributors Association, foreign carmakers reported combined sales of 7,879 units last December, down from 8,294 units a year earlier.The year-on-year drop in sales was the first since the figure stood at 3,612 units in August 2009, compared with 4,894 units in August 2008.In addition, the figure of 7,879 is quite low compared to the 9,230
Jan. 4, 2012
-
Ssangyong targets 123,000 unit sales
Ssangyong Motor Co., South Korea’s smallest automaker, said Tuesday that it aims to sell 123,000 vehicles this year with sales reaching 3.19 trillion won ($2.77 billion) in order to overcome deepening market uncertainties.The automaker sold 113,000 vehicles last year, a 38.2 percent surge from the previous year.Of the total, 38,651 vehicles were sold at home and 74,350 in overseas markets.The company said it set an ambitious sales target for 2012 despite the global economic slowdown, and vowed t
Jan. 3, 2012
-
Korean automakers to keep momentum this year
HONG KONG (Yonhap News) - South Korean automakers are likely to maintain upward momentum this year, driven largely by brisk overseas demand, experts said Tuesday.Hyundai Motor Co. and Kia Motors Corp. expect weaker growth in sales this year, citing a slow-down in the global auto industry.The two flagship companies of Hyundai Motor Group saw their combined sales pass 6.59 million units last year, exceeding the 6.33 million sales target set in early 2011.“Hyundai and Kia are aiming for combined sa
Jan. 3, 2012
-
Hyundai, Kia set sales goal of 7 million units
Hyundai Motor Group has set its sales target for this year at 7 million, chairman Chung Mong-koo said Monday.In a New Year’s message to his staff, Chung said the automotive group raised its 2012 sales target by 400,000 vehicles from its sales of 6.6 million units in 2011.In a bid to achieve the 7 million target for Hyundai-Kia vehicles, he said, the group has to keep up with fast-changing global trends by setting up an organized cooperation system for better communication among production facili
Jan. 2, 2012
-
Korean automakers see sharp sales growth in 2011
Korean automakers announced on Monday that their 2011 sales jumped on solid demand overseas, despite the gloom that hit other sectors because of problems in the eurozone. Hyundai Motor Co., Korea’s leading automaker, said Monday that its 2011 sales increased 12.3 percent from a year earlier, propelled mainly by strong overseas demand for its vehicles. The carmaker said it sold more than 4.05 million vehicles overall last year, up from 3.60 million units in 2010. Domestic sales also moved up 3.6
Jan. 2, 2012