Most Popular
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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First-ever meeting of president, opposition chief set to finally happen
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NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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Experts raise concerns about Japan putting pressure on Naver over Line
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Samsung mobile chief, Google device head meet in Seoul
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Ship linked to NK arms shipments to Russia is moored in China: State Dept.
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Renault Samsung’s retirement applicants short of expectations
Renault Samsung Motors said Friday the number of workers opting for early retirement fell short of expectations, despite management extending the application window by two weeks.The company initiated the “New Start” retirement program for senior assembly line workers from March 10 through April 11, but when only about 20 people applied, it expanded the program to other veteran assembly line workers.“With applications to be concluded today and with numbers falling short of the mark, management pl
April 25, 2014
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Kia Motors earnings jump 11.8% in Q1
Kia Motors, the country’s second-largest carmaker, said Friday its net earnings in the first quarter rose 11.8 percent on-year to 876.3 billion won ($843.9 million), in line with industry forecasts.A hike in car prices, along with increased overseas sales, helped bolster the earnings despite deteriorating business conditions amid a strengthening Korean currency, according to analysts. Operating profit rose 4.5 percent to 735.6 billion won in the same period, with sales numbers rising 7.6 percent
April 25, 2014
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Peugeot Citroen reports sales growth, in pull away from crisis
(AFP) - French carmaker Peugeot Citroen, fighting its way out of crisis with a new Chinese shareholder Dongfeng, reported on Friday a rise in sales in the first quarter of this year.Sales revenue rose by 1.9 percent to 13.3 billion euros ($18.4 billion), despite unfavourable exchange rates, and the number of vehicles sold rose by 7.7 percent from the equivalent figures last year.The number of vehicles sold totalled 726,000, with a boost from the group's two main markets in Europe and in China.PS
April 25, 2014
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Kia Motors earnings jump 11.8% in first quarter
Kia Motors, the country‘s second-largest carmaker, said Friday its net earnings for the first quarter rose 11.8 percent on-year to 876.3 billion won ($843.9 million) to stay in line with industry forecasts.A hike in car prices, along with increased overseas sales, helped bolster the earnings despite deteriorating business conditions amid a strengthening Korean currency, according to analysts. Operating profit rose 4.5 percent to 735.6 billion won in the same period, with sales numbers rising to
April 25, 2014
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Hyundai aims to sell 70,000 subcompact SUVs per year in China
Hyundai Motor, South Korea’s top carmaker, targets annual sales of 70,000 units of its new ix25 subcompact sport utility vehicle in China as it seeks to capitalize on a fast-growing popularity of SUVs in the world’s largest auto market, a company executive said Thursday. Hyundai unveiled the China-focused model at this week’s Beijing Auto Show, where the latest SUVs have drawn the biggest oohs and aahs from urban Chinese customers enjoying bigger-than-ever incomes. Hyundai plans to begin selling
April 24, 2014
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Hyundai Motor's sales rise, earnings fall in Q1
Hyundai Motor, the world's fifth-largest automaker, on said Thursday its net earnings declined 2.9 percent from 2013 to 2.03 trillion won ($1.95 billion) on account of worsening industry conditions at both home and abroad. Sales and operating profit, however, rose 1.3 percent and 3.7 percent, respectively, to 21.6 trillion won and 1.93 trillion won in the same period, the company said in a regulatory filing.Hyundai officials said the new Genesis, launched late last year, helped bolster sales for
April 24, 2014
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Hyundai unveils all-new Sonata Turbo
Hyundai Motor on Wednesday unveiled for the first time ever its latest Sonata Turbo at the 2014 New York International Auto Show, held at Jacob Javits Convention Center in New York.It also marked the first time Hyundai has introduced its All-New Sonata lineup to the North American market, said the carmaker.The company hopes the all-new Sonata and the all-new Genesis will together fuel its overseas sales and help lead the North American market in premium, mid-size sedans.“The All-New Sonata has i
April 20, 2014
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Kia unveils new Carnival minivan
Kia Motors on Tuesday released photos of its new Carnival minivan ahead of its global debut at this week's New York International Auto Show.The new Carnival is the third-generation model of the carmaker's steady selling minivan that was first introduced in 1998. In the U.S., the car -- sold under the name Sedona -- posted an accumulated 1.55 million units of sales. Among the number, 978,000 sold overseas.The new Carnival will be available in seven- and eight-passenger configurations, and is equ
April 15, 2014
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Hyundai Motor launches i30 D spec in Korea
Hyundai Motor on Tuesday announced the launching of a more powerful version of its i30 hatchback in Korea, the D spec. The D spec model replaces the conventional1.6-liter gasoline direct injection (GDi) with a stronger 2-liter Nu motor churning out 172 horsepower and 21 kilogram-force meter of torque. The GDi engine, according to Hyundai, has 23 percent more horsepower and 24 percent more twist than the regular version of the compact family car.The carmaker said the D spec has an updated steerin
April 15, 2014
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Renault Samsung’s early retirement applicant numbers below expectations
Renault Samsung Motors was unable to induce the targeted number of its employees to opt for early retirement program, corporate sources said Monday, which the company said is intended to restructure its workforce for better productivity.Insiders said only around 20 workers applied for the program as of Friday. The company received applications from March 10 and expected about 160 to apply. The “New Start” program was initiated after the carmaker, the local unit of French automaker Renault S.A.,
April 14, 2014
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Mini has grown up well
For years, the BMW Mini has been on my shopping list. But I was always reluctant to buy one. My biggest complaints were based on the go-kart feeling that makes the driving experience fun but tiring, even though it is one of the key reasons why Mini enthusiasts admire the car.But now, after a quick drive of the new, third-generation Mini, I have to admit that I feel no more hesitation. On Thursday, BMW Korea unveiled a bigger, faster and more high-tech version of its iconic Mini hatchback. Befor
April 13, 2014
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Audi A8: locked, loaded
Audi has heated up the premium four-door segment with the A8, its flagship luxury sedan featuring state-of-the-art technology, keeping competitors on their toes.In line with its global slogan “Vorsprung durch Technik (Progress through Technology),” the German luxury carmaker designed what might be one of the most comfortable and innovative vehicles the world has yet seen.The Audi A8L (L stands for long wheelbase) is dressed in a sturdy yet lightweight aluminum body, a core feature that allows th
April 13, 2014
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Ford Focus remains world’s best-selling car
Ford said Thursday its Focus remained the world’s best-selling vehicle in 2013, according to its own analysis of new vehicle registration data from market research firm IHS Automotive.Registrations of the Focus compact increased 8.1 percent, with sales of 1.097 million cars globally last year. That compares with sales of 1.014 million units in 2012. Sales of the Focus almost doubled to 403,219 vehicles in China during the same period. Now 1 in 3 Focus cars is sold in the crucial Chinese market,
April 13, 2014
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Documents show GM slow to respond to safety complaints
Internal General Motors Co. documents released on Thursday by Congress show that company executives, including Chief Executive Officer Mary Barra, were slow to respond to complaints about vehicle safety that built up for more than a decade.In an email sent in 2011, Barra was told regulators were investigating steering problems with the Saturn Ion. While the flaw was not connected to the ignition-switch defect linked to the deaths of 13 people in Chevrolet Cobalts and other small cars, GM executi
April 13, 2014
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BMW widens recall on engine-bolt fault
Bayerische Motoren Werke AG, the largest maker of luxury cars, is recalling 489,000 vehicles worldwide due to a possible engine-bolt defect, widening a repair program that was initiated in China.No accidents or injuries have been reported related to the fault in some six-cylinder engines, Bernhard Santer, a spokesman for the Munich-based manufacturer, said Friday by phone. Vehicles affected include 156,000 cars in North America, as well as 232,098 autos in China that were announced for recall wi
April 13, 2014
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SUVs, MPVs account for 37.5% of Korean car exports in Q1
Sport utility vehicles and multipurpose vehicles accounted for 37.5 percent of all South Korean car exports in the first quarter of this year, making them the second-largest vehicle types shipped abroad, a local automotive industry association said Thursday.According to the Korea Automobile Manufacturers Association, carmakers such as Hyundai Motor, Kia Motors and GM Korea exported 282,848s SUVs and MPVs in the January-March period.The number only trails the 303,942 compacts and subcompacts expo
April 10, 2014
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Hyundai, Kia overseas production hits record high in Q1
Overseas production by Hyundai Motor and its sister brand Kia Motors hit a record 1,093,881 units in the first quarter, corporate data showed Tuesday.The total represents a 6.1 percent increase from 1,031,316 vehicles in the same cited period last year and the highest reached in a three-month period, figures provided by the two automakers showed.Foreign production of Hyundai cars rose 4 percent on-year to 754,222 units, while numbers for Kia shot up 10.9 percent to 339,659 vehicles. Hyundai and
April 8, 2014
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Domestic automobile exports jump 9.9% in March
South Korea’s automobile exports rose from a year earlier last month, partly on growing demand in the U.S., the government said Tuesday.In March, outbound shipments by the country’s five automakers came to 286,754 cars, up 9.9 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.The increase was in part due to increased number of workings days compared with the previous year and also improving conditions in advanced markets such as the U.S.“Automobile ex
April 8, 2014
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Ford Korea CEO reelected as KAIDA chairman
Jung Jae-hee, chief executive of Ford Sales and Service Korea, will be seeking to serve his second term as chairman of the Korea Automobile Importers and Distributors Association, a business lobby group representing 23 foreign car brands here. In their general assembly meeting on March 28, KAIDA members agreed to reelect the incumbent chairman Jung, who has led the group since 2012, for another two-year term. Jung joined Ford’s Detroit head office in 1992 as a manager overseeing preparations fo
April 6, 2014
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Tesla cars to get fewer green credits in California
Tesla Motors Inc., which had its first profitable quarter last year aided by sales of California environmental credits, is to receive fewer for each Model S sold as the state modifies its zero-emission vehicle program.The Palo Alto, California-based carmaker, which sold ZEV credits worth $129.8 million last year to other automakers, will initially qualify for only four credits per car sold in California and states that follow its rules. That’s down from seven per Model S through 2013, according
April 6, 2014