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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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[Music in drama] Rekindle a love that slipped through your fingers
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Tivoli, a keeper for sporty drivers with lighter wallets
Ssangyong Motor’s new compact crossover vehicle the Tivoli is a keeper for those who want an affordable SUV. Its starting price is 16.3 million won ($15,122), cheaper than that of 22.5 million won for Hyundai’s mid-sized sedan the Sonata, but the performance does not fall short compared to sedans or other compact crossovers. Some may be wondering about the car’s social implications ― Ssangyong’s mother company Mahindra said that high sales of the Tivoli might bring laid-off workers back to work
Jan. 25, 2015
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Volvo Korea opens ‘House of Sweden’
Volvo Korea opened its pop-up store The House of Sweden in the fashionable district of Garosu-gil in southern Seoul on Thursday. The store runs through April 21. Aimed at delivering the Swedish carmaker’s brand image and its 88-year-old heritage, the cafe and lounge bar has Volvo premium sports sedan S60 and compact SUV Cross Country on display. Volvo also invited Swedish outdoor fashion brand Haglofs, vodka label Absolute, restaurant Hemlagat and coffeehouse Fika to contribute to the Scandinavi
Jan. 25, 2015
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European car sales speed up after six years of decline
PARIS (AFP) ― New car sales in Europe rose by nearly 6 percent in 2014, ending a long slump in activity that began in 2007, but analysts warn the sector has not yet turned the corner in the region.The European Automobile Manufacturer’s Association said last week that 2014 new car sales grew by 5.7 percent, but noted current volumes of activity remain significantly lower than they were before the global financial crisis that drove the sector into six years of decline.Europe’s continuing economic
Jan. 25, 2015
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Hyundai Motorstudio opens in Moscow
Hyundai Motor opened the “Hyundai Motorstudio Moscow” in the Russian capital Friday. This is the first overseas studio for the world’s fifth-largest carmaker.The 880-square-meter studio surrounded by glass walls has Hyundai’s best-selling model, the Solaris, attached to the front wall. The Solaris is sold as the Avante in Korea and several other countries. The two-story studio contains an exhibition on key products such as the Genesis and the Equus, a library with 300 books about cars and art, t
Jan. 25, 2015
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U.S. safety agency to add automatic braking to star ratings
U.S. regulators will add automatic braking to a list of technologies considered as beneficial to safety in its influential star-rating consumer advisory system.Transportation Secretary Anthony Foxx announced the change Thursday at a meeting in Washington with automotive engineers. The National Highway Traffic Safety Administration currently rates cars based on the results of frontal and side crash tests as well as rollover propensity on a scale of one to five stars, with five being the highest s
Jan. 25, 2015
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Kia Motor's 2014 net profit drops 21.6 pct
Kia Motors Corp., South Korea's second-largest automaker, said Friday its net profit dropped 21.6 percent on-year in 2014 as profitability worsened from the strong won and unfavorable business conditions in global markets.Net income came to 2.99 trillion won ($2.75 billion) last year, compared with 3.82 trillion won reported a year earlier, the company said in a regulatory filing.Operating profit also fell 19 percent on-year to 2.57 trillion won, the lowest in four years, while sales edged down
Jan. 23, 2015
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GM Korea unveils latest Cruze model in local market
GM Korea Co. uncloaked on Thursday the latest edition of its Cruze compact car that comes with an upgraded design for the sedan first introduced in the local market in 2011. "The Amazing New Cruze 2015 is just the first step of much more to come," said Sergio Rocha, head of GM Korea during a media event held in western Seoul. "This year, we'll have 10 launch events in South Korea, starting today with the Cruze 2015.""You should expect new innovations on both the Chevrolet, our mainstream brand,
Jan. 22, 2015
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Six racing-inspired Bentleys go on sale
Bentley’s new Continental GT3-R supercar. (Bentley Motors)Bentley Motors, the supercar unit of German carmaker Volkswagen, launched the new Continental GT3-R, a race-inspired limited edition supercar, in Seoul on Tuesday.“We only sell six Bentley GT3-R vehicles in Korea with a price tag of 380 million won ($349,800),” the company said. The model, launched in 2014, is a limited-edition vehicle with just 300 units.The Continental GT3-R boasts a 580 horsepower output from its 4.0-liter twin-turbo V
Jan. 20, 2015
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Hyundai Motor to cut price of hydrogen fuel cell vehicle
Hyundai Motor Co., the nation’s largest carmaker, has decided to lower the price of its Tucson fuel cell sport utility vehicle to compete with rising Japanese rival Toyota Motor in the segment, industry sources said. “Hyundai Motor recently informed Gwangju City, a major local buyer of the Tucson FCV, of its internal decision to cut the car price,” an industry insider close to the matter said on condition of anonymity last week.Gwangju City, which purchased five Hyundai FCVs last year, has a pla
Jan. 18, 2015
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European auto sales rise for first time since 2007
European car sales in 2014 rose the first time in seven years, approaching the top end of industry executives’ forecasts as buyers seeking to replace vehicles chose new low-cost models from Renault and Volkswagen.Registrations increased 5.4 percent to 13 million cars, the Brussels-based European Automobile Manufacturers’ Association said. That compares with growth estimates late last year ranging from 2 percent predicted by PSA Peugeot Citroen chief executive Carlos Tavares to 6 percent foreseen
Jan. 18, 2015
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Hyundai-Kia's EU market shares shrink in 2014
South Korea's No. 1 automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. both shed market share in Europe in 2014, despite having sold more cars on-year, official data showed Sunday.The two automakers' market shares in the region slipped 0.1 percentage point each for the whole of 2014, coming to 3.3 percent and 2.7 percent, respectively, according to the data released by the European Automobile Manufacturers' Association.Their total number of cars sold in Europe, however, moved
Jan. 18, 2015
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Hyundai Motor wins wage suit
A Seoul court on Friday ruled that Hyundai Motor did not have to include irregular bonuses in the calculation of base wages, after a two-year legal battle with the company’s hard-line labor union on its home turf.In March 2013, 23 members of Hyundai’s union filed a lawsuit demanding bonuses and other benefits be considered “ordinary pay,” which is used to calculate everything from overtime payments to annual raises.The Seoul Central District Court said Friday that bonuses paid to only two unioni
Jan. 16, 2015
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Hyundai Motor to launch new Veloster coupe this week
Hyundai Motor Co., South Korea’s top automaker, said it would this week begin selling the new Veloster coupe that boasts more functions appealing to the tastes of younger consumers. The new Veloster, which goes on sale Friday, is equipped with an “engine sound equalizer” that allows the driver to tune the volume and tone of the “virtual” engine sound.The car also provides an improved driving experience with motor driven power steering and better safety by adopting a rollover sensor that automati
Jan. 15, 2015
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Hyundai Motor to launch new Veloster coupe this week
Hyundai Motor Co., South Korea's top automaker, said Thursday that it will this week begin selling the new Veloster coupe that boasts more functions appealing to the tastes of younger consumers.The new Veloster, which goes on sale Friday, is equipped with an "engine sound equalizer" that allows the driver to tune the volume and tone of the "virtual" engine sound.The car also provides an improved driving experience with motor driven power steering and better safety by adopting a rollover sensor t
Jan. 15, 2015
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Kia seeks diverse marketing efforts during Australian Open
Kia Motors Corp., South Korea's second-largest carmaker, said Thursday it plans diverse marketing activities as a main sponsor of the Australian Open tennis tournament to be held next week.The Australian Open is one of tennis' major international events and Kia Motors, an affiliate of Hyundai Motor Co., has been sponsoring it for 14 years.Kia Motors said that it will provide 107 vehicles, including the K5, Soul, Sorento and Carnival, for athletes, VIPs and event organizers during the event, whic
Jan. 15, 2015
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Hyundai Motor's Santa Fe wins family car award in U.S.
Hyundai Motor Co.'s popular Santa Fe sport utility vehicle has won the "Family Car of the Year" award for a second straight year in the U.S. for its family-friendly driving features and improved safety.The award was granted by Cars.com, a renowned U.S. car review website, which gave the Santa Fe high scores on its roomy space needed for family activities and strengthened safety and driving steering system.To win the award, cars should get "acceptable" or higher levels in crash tests by the Insur
Jan. 15, 2015
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SUV, wagon and minivan sales spike on increased leisure
Annual sales of recreational vehicles in South Korea nearly doubled over the past six years, driven by the growing popularity of cars designed for outdoor and leisure activities, industry data showed Thursday.Last year, carmakers sold 407,880 RVs, including sport utility vehicles, wagons and minivans, compared with about 208,000 units tallied in 2008, according to the data.The spike is attributable to increasing demand for vehicles that provide more space for equipment and driving comfort for tr
Jan. 15, 2015
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Hyundai Motor's stake sale bid overturns fate of affiliates
Hyundai Motor Group's failed bid to sell stakes in its logistics affiliate, Hyundai Glovis Co., led to an exodus of investors for the second consecutive day on Wednesday, while analysts expected the owner family premium will now move to Hyundai Mobis Co., an auto parts maker at the center of the conglomerate's cross-shareholdings.Hyundai Motor Chairman Chung Mong-koo and his only son, Chung Eui-sun, 44, the vice chairman of the group, tried to sell 1.8 million and 3.2 million shares each in Hyun
Jan. 14, 2015
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Mahindra vows more investment
India’s Mahindra Group chairman Anand Mahindra made it clear that the motor group would continue to invest in Ssangyong Motor as a strategic investor to revive the Korean carmaker’s former glory. “It was not just a portfolio investment. It was not to acquire technology. Our investment was made with vision. ... (As a long-term investor), we want Ssangyong Motor to rise (again),” he said in Seoul on Tuesday. “We have two missions in Korea. First, we will ensure the well-being of the Ssangyong Moto
Jan. 13, 2015
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Hyundai unveils its first plug-in hybrid
Hyundai Motor vice chairman Chung Eui-sun introduces its Sonata plug-in hybrid electric vehicle at a motor show in Detroit on Monday. (Hyundai Motor)South Korea’s top carmaker Hyundai Motor Co. took the wraps off of its Sonata plug-in hybrid electric vehicle at a motor show in the U.S. on Monday (local time), its first-ever car that can be recharged to run on both gasoline and electricity. “The Sonata Plug-in Hybrid is a first of its kind engineered and built by a South Korean company, and will
Jan. 13, 2015