Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Illit, mired in controversy, remains on Billboard charts for 5th week
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Hyundai Motor to cut price of fuel cell car in Europe
South Korea's top carmaker Hyundai Motor Co. said Monday it plans to lower the price of its hydrogen-powered Tucson ix in Europe, a move that could boost its sales against overseas rivals in the green car market."The timing and other details of the markdown are not yet decided and will depend on the business conditions in Europe, but some predict that an announcement might be made during the Geneva International Motor Show (next month)," a Hyundai Motor official said, adding that the price cut w
Feb. 2, 2015
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S. Korean carmakers' sales down 3.4 percent in Jan.
Sales by South Korean automakers shrank 3.4 percent on-year in January as the slowing economic recovery in emerging markets and competition from foreign rivals hurt overseas shipments, industry data showed Monday.The combined sales of the five local automakers in January came to 717,332 units last month, down from 742,655 in the same month a year earlier, according to data provided by the companies. The total excludes complete knockdown kits that are assembled abroad.The five are Hyundai Motor C
Feb. 2, 2015
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Ssanyong Motor sales drop 10.7 pct on-year in Jan.
Ssangyong Motor Co., the local unit of Indian sport utility vehicle maker Mahindra & Mahindra Ltd., said Monday its sales for January slumped 10.7 percent from the previous year, hit by the weakening Russian ruble that dented the company's overseas shipments.Combined sales at home and abroad came to 10,321 units, down from the 11,562 units sold a year earlier, the carmaker said in a press release. Compared to the previous month, sales plunged 19.1 percent.The sales figures exclude complete knock
Feb. 2, 2015
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Hyundai Motor's sales shrink 6.7 pct in Jan.
Hyundai Motor Co., South Korea's top automaker, said Monday that its January sales fell 6.7 percent from a year earlier, affected by weakened demand and stiffer competition at home and abroad.Hyundai Motor said in a statement that it sold 385,868 vehicles in January, down from 413,390 units tallied a year before.Its domestic sales came to 50,413 units, down 2.2 percent from a year earlier, while overseas shipments shrank 7.3 percent on-year to 335,455 units, the company said."Sales here declined
Feb. 2, 2015
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GM Korea's January sales drop 3.8 pct
GM Korea Co., the local unit of General Motors Co. of the United States, said Monday its January sales shrank 3.8 percent from a year earlier despite strong demand in the domestic market.South Korea's third-largest carmaker sold a total of 51,585 vehicles last month, down from 53,606 for the same month of 2014, the company said in a press release.Its domestic sales jumped 9 percent on-year to 11,849 units on the back of strong demand for steady selling models, such as the Spark, the Malibu midsi
Feb. 2, 2015
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Renault Samsung sales surge 2.5-fold on-year in Jan.
Renault Samsung Motor Co., the local unit of French automaker Renault S.A., said Monday its January sales jumped by more than 150 percent from a year earlier, bolstered by strong overseas sales.A total of 16,784 vehicles were sold by Renault Samsung last month, up 150.6 percent from the 6,698 units from the year before, the company said in a statement.Outgoing shipments, in particular, jumped by more than fivefold to 11,045 units in the same period, with sales of the Rogue crossover sport utilit
Feb. 2, 2015
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Kia Motors January sales dip 1.8 pct
Kia Motors Corp., South Korea's second-largest automaker, said Monday its sales dropped 1.8 percent in January from a year ago, affected in part by fewer working days at some of its overseas factories. The carmaker sold 252,774 units overall last month, down from 257,399 vehicles a year earlier, Kia Motors said in a statement.Of the total, domestic sales grew 8.2 percent on-year to 36,802 units. Overseas sales came to 215,972 units, down 3.3 percent from the same month a year earlier."Overseas s
Feb. 2, 2015
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S. Korea logs first auto parts trade surplus with Japan
South Korea posted a trade surplus with Japan in the auto parts sector for the first time last year as Japanese carmakers widened sources of imports to lessen risks, industry data showed Monday.According to the data provided by the Korea Trade-Investment Promotion Agency and the Korea International Trade Association, South Korea recorded an auto parts trade surplus of $23.75 million with Japan last year, a turnaround from the previous year's loss of $84.33 million.This represented the first surp
Feb. 2, 2015
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Foreign-made cars become white elephants for insurance industry
Lee Yun-ok, a 60-year-old owner of a humble coffee shop in Seoul, shudders when recalling a small but painful experience from a car accident.A few years ago, she was pulling her car out from an on-street parking lot after work one evening. She was on a glitzy Gangnam street in the southern part of the city commonly teeming with expensive luxury vehicles like BMWs and Mercedes Benzes.She was going in reverse at a low speed but wasn't aware of a BMW parked at a crossroad nearby. Her car touched th
Feb. 2, 2015
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Hyundai's i10 hatchback sales top 2 mln
South Korea's top automaker Hyundai Motor Co. said Monday that accumulated sales of its i10 hatchback broke the two-million mark last year, about seven years after the company first launched the model sold only outside its home market.The record marks the first time for one of its non-Korean region models to get past two million units in sales, according to the carmaker.The five-door city car was first targeted for the Indian auto market in 2007, and nearly 1.89 million units have been sold ther
Feb. 2, 2015
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Carmakers gear up for plug-in vehicle war
Falling oil prices are not expected to put a brake on the zeal for battery-powered, plug-in clean cars, as global automakers are competing to expand their electric vehicle lineup to win the battle for the clean car market. Carmakers have diversified their lineups of plug-in hybrids and fully electric vehicles. The trend was well reflected through the 2015 North American International Auto Show in Detroit from Jan. 12-25. “At the show, most of global carmakers clearly delivered a message that the
Feb. 1, 2015
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BMW cars found vulnerable to unlocking by hackers
By tapping into a security flaw in a digital-service system, hackers could wirelessly open BMW, Mini and Rolls-Royce vehicles in minutes, according to a report by German auto club ADAC. About 2.2 million vehicles equipped with BMW’s ConnectedDrive service were vulnerable, ADAC said. BMW’s electric car i3 EV, fitted with ConnectedDrive. (BMW)The Munich-based carmaker said it upgraded the system to close the security gap and that the software update will take place automatically when a vehicle co
Feb. 1, 2015
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U.S. auto sales outlook rises
An improving job market and cheap gasoline is likely to add 200,000 more car sales this year than analysts estimated just two months ago, according to a new survey. After a strong finish to 2014 ― November and December were two of the year’s three best months ― most analysts surveyed by Bloomberg increased their 2015 estimates, raising the average projection to 16.9 million deliveries. As recently as mid-November, the average estimate was for sales to rise about 200,000 to 16.7 million cars and
Feb. 1, 2015
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Honda, Toyota, re-recall 2m vehicles
Pontiac and Toyota vehicles will be called back for more repairs following reports that the air bags could deploy while driving, the U.S. Transportation Department said Saturday. The new recall covers vehicles made in the early 2000s with an electronic component from TRW Automotive Holdings Corp., the National Highway Traffic Safety Administration said in a release. The models involved are the Acura MDX, Dodge Viper, Jeep Grand Cherokee, Honda Odyssey, Pontiac Vibe, Toyota Corolla, Toyota Matrix
Feb. 1, 2015
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Hyundai, Kia's global market share stuck at 8.8 pct: data
South Korea's largest carmaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. were unable to draw in a larger share of the global auto market in the past three years, data showed Sunday, held back by persistent exchange rate disadvantages that have given an edge to overseas rivals.The car-making duo's combined market share stood at 8.8 percent out of a total 87.17 million vehicles sold worldwide last year, according to the data compiled by U.S.-based research firm LMC Automotive.Al
Feb. 1, 2015
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Korea to develop Gwangju as hub of car ventures
The presidential office said Tuesday that South Korea would help nurture the country’s southwestern region as a center of automotive start-ups in cooperation with Hyundai Motor Group, the world’s fifth-largest carmaker.Cheong Wa Dae said Hyundai Motor Co. and its smaller sister company Kia Motors Corp. would provide about 1,000 unused patents to those who want to open automotive start-ups in an innovation center in Gwangju.“Hyundai Motor will offer substantial assistance in the whole process of
Jan. 27, 2015
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Hyundai Motor, Baidu team up for connected cars in China
BEIJING (Yonhap) ― Hyundai Motor Co., South Korea’s top carmaker, said Tuesday it has signed a memorandum of understanding with Baidu Inc., China’s top search engine, to sell cars that are equipped with Internet access and in-vehicle infotainment services. Riding a wave of popularity of smartphones and other wearable gadgets, the global auto industry is increasingly betting on cars that can be connected to the Internet with drivers’ smartphones or even without them. Baidu launched its first soft
Jan. 27, 2015
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S. Korea to nurture southwest region as hub of automotive startups
The presidential office said Tuesday that South Korea will help nurture the country's southwestern region as a center of automotive startups in cooperation with Hyundai Motor Group, the world's fifth-largest carmaker.Cheong Wa Dae said Hyundai Motor Co. and its smaller sister company Kia Motors Corp. will provide about 1,000 unused patents to those who want to open automotive startups in an innovation center in Gwangju, a city located about 330 kilometers south of Seoul."Hyundai Motor will offer
Jan. 27, 2015
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Hyundai, Kia luxury lineups expand market share in U.S.
South Korea’s top carmaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their combined market share in the luxury car segment climb up last year in the United States, industry data showed Monday.Combined sales of Hyundai’s Genesis and Equus and Kia’s K9 in the United States advanced 3.1 percent on-year in 2014 to 23,878 units, according to the data. The market share of the three luxury sedans also inched up 0.5 percent point to 7.2 percent over the cited period in the U.S. pr
Jan. 26, 2015
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Hyundai Motor launches refurbished i40 saloon
South Korea's top carmaker Hyundai Motor Co. launched its new edition of the i40 family vehicle in its home market on Monday, putting emphasis on a new diesel engine that ups fuel efficiency. Both the sedan and wagon models of the new i40 are updated with a Euro 6-compliant diesel engine and paired with a seven-speed dual-clutch transmission, according to the automaker. The 1.7-liter variable geometry turbo diesel engine version has a maximum city-highway fuel mileage of 16.7 kilometers per lite
Jan. 26, 2015