Most Popular
-
1
[Exclusive] Korean military set to ban iPhones over 'security' concerns
-
2
Korean, Romanian leaders discuss defense tech, nuclear energy
-
3
[Graphic News] 77% of young Koreans still financially dependent
-
4
S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
-
5
Yoon’s jailed mother-in-law excluded from latest parole list
-
6
Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
-
7
[Pressure points] Leggings in public: Fashion statement or social faux pas?
-
8
Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
-
9
Korea’s homegrown nanosatellite successfully launches into space
-
10
Aging population to drive down Korea's housing prices from 2040: experts
-
Mercedes’ New A-Class: A bite-sized slice of luxury
In Korea’s fast-growing import car market, compact models ― those with an engine capacity of 2,000cc or less ― now make up more than half of new foreign-brand registrations. Mercedes-Benz, after launching the original A-Class hatchback 15 years ago, has long been behind the game in this hotly contested segment, mostly because larger sedans enjoyed a premium. The German carmaker is now looking to shake up the competition and capture a younger generation of drivers here with its smallest and cheap
Aug. 11, 2013
-
Tesla co-founder gets $4.3m for SUV work-in-progress
Elon Musk, the billionaire co- founder of Tesla Motors Inc., received $4.3 million in stock-based pay for work on the Model X sport-utility vehicle that the board found probable the company will complete later.Chief Executive Officer Musk’s earnings made up more than 20 percent of the $19.3 million in stock-based compensation Tesla reported for the second quarter. The pay, which doesn’t vest unless the work gets done, was among three adjustments of more than $16 million that Tesla used to explai
Aug. 11, 2013
-
Ford Sollers Russia venture cuts production
Ford Motor Co.’s Russian carmaking partnership with OAO Sollers is reducing production and cutting jobs in response to a decline in the vehicle market this year.The Ford Sollers plant near St. Petersburg, the country’s second-largest city, is suspending manufacturing for a combined 20 days from August through September, and will drop one of its three daily shifts after that, the venture said today in an e-mail. Talks are under way with labor unions on the workforce reductions, it said. A spokesw
Aug. 11, 2013
-
Lamborghini sees potential here for sporty two-seaters
Lamborghini, one of the most luxurious supercar makers in the world considered to have an advantage from being more affordable than others, sees much potential in the Korean market.“Korea is a very important market. But for the rich people, we are not on their shopping list. We have to be on that list. They can buy Mercedes, BMWs and Porsches, but we are not in there yet. Some do (buy super cars) but it’s not large enough in proportion to the size of the Korean economy,” said Akio Takemura, sale
Aug. 11, 2013
-
[Photo News] Super car
Aug. 6, 2013
-
[Photo News] Jaguar F-TYPE release
Aug. 5, 2013
-
BMW chips away at 2013 Mercedes U.S. sales lead with July gain
Bayerische Motoren Werke AG boosted U.S. sales of its 3 Series cars and X5 sport-utility vehicles last month, helping the automaker narrow the luxury-vehicle lead of Daimler AG’s Mercedes-Benz. Deliveries of the BMW brand rose 13 percent in July to 24,043, while Mercedes reported a gain of 23 percent from a year earlier to 23,648, according to statements Thursday. Toyota Motor Corp.’s Lexus posted a 26 percent increase to 23,031. The monthly results trim Mercedes’s lead this year to 1,124 vehicl
Aug. 4, 2013
-
GM names Tim Lee as China chief for biggest car expansion
General Motors Co., the largest foreign automaker in China, has named Tim Lee as the chairman of its Chinese unit as the U.S. company gears up for expansion in the world’s largest auto market. Lee, who was the head of GM’s international operations, will oversee 12 joint ventures and more than 55,000 employees in the newly created position, the Detroit-based company said in a statement on its website. Lee, 62, will keep his position as executive vice president of global manufacturing, with Bob So
Aug. 4, 2013
-
New Audi A7 thrills in comfort
All things aside, the new Audi A7 TFSI Quattro beats out many a rival in the segment for family cars. To be frank, I didn’t pay much notice to design and space as Audi is consistently above par in terms of form and quality. However, the fastback roofline on the new A7 is one of the sexiest curves I’ve seen on a car. Performance eclipsed the sizzling design for me, as the drive in this vehicle was one of the most solid and satisfying that still seemed ideal for family outings. A chief part of the
Aug. 4, 2013
-
Kia Cadenza makes successful U.S. debut
Kia Motors America, the U.S. sales arm of South Korea’s Kia Motors Corp., said Thursday that sales of its Cadenza full-size luxury sedan surpassed the 1,000 unit mark for the second time, a development that is widely seen as a successful debut in the U.S.Kia introduced the Cadenza in the United States in April as part of its efforts to enter the country’s premium car market. Kia sold 1,627 Cadenza units in the U.S. in July, bringing the total number of Cadenza units sold this year to 3,155, acco
Aug. 2, 2013
-
Toyota facing Japan slump
Toyota Motor Corp. is facing a Japan problem. The company, based in Toyota City, Japan, was outsold by General Motors Co. for the first time in six quarters, as deliveries in Japan extended their decline after government incentives for fuel-efficient models expired last year. Toyota and its subsidiaries sold 2.48 million vehicles during the quarter ended June, just shy of the 2.49 million that Detroit-based GM disclosed earlier this month. Japan’s largest automaker sold 8.4 percent fewer vehicle
July 28, 2013
-
France blocks Mercedes compact registrations over coolant
Daimler AG, the world’s third-biggest maker of luxury vehicles, is barred from registering its Mercedes-Benz compact models in France because regulators have stopped accepting a coolant fluid used in the vehicles. The Mercedes A- and B-Class as well as the CLA coupe can’t be registered in the country as they use a refrigerant that no longer meets to European Union environmental regulations, the Ministry of Ecology, Development and Energy said in a statement. Daimler said that it plans legal acti
July 28, 2013
-
The ultimate Porsche experience
Design★★★★★Interior★★★★★Engine★★★★★Fuel economy★★☆☆☆Cost and A/S★★★☆☆If there ever was a car to die for, it might be a Porsche. Not just any Porsche but the 911 Carrera S, which is easily anyone’s dream car for two (the back seats are off limits in Korea). I won’t go into the stares I received while driving around in this stunning yellow vehicle as I’m having a hard enough time as it is trying to be objective about the Porsche experience. I won’t dwell too much on how it looks, because we all kn
July 28, 2013
-
All-new Lincoln MKZ raises bar
It commands exquisite class and style, but is also exceedingly comfortable and affordable. As far as cars go, it’s pretty hard to find a model that reaches such a high bar. For many, that goes more so for American cars, which have often been seen as clunky and unsophisticated in Korea.Ford’s all-new Lincoln MKZ, launched in May, proves to be different, making it easy to see why the lineup stands as Ford’s best-seller. When I first glimpsed the glistening vehicle sitting in the car park, it was
July 28, 2013
-
Hyundai Motor Q2 profit beats estimates on China, Brazil sales
Hyundai Motor Co., South Korea’s largest carmaker, reported second-quarter profit that beat analysts’ estimates, helped by sales in China and Brazil.Net income, excluding minority interests, fell to 2.4 trillion won ($2.15 billion) from 2.45 trillion won a year earlier, the Seoul-based company said in a statement Thursday. Profit beat the 2.37 trillion won average of 15 analysts’ estimates compiled by Bloomberg. Revenue increased 5.7 percent to 23.2 trillion won.Demand for the Elantra Yuedong se
July 25, 2013
-
[Photo News] New Sportage
July 23, 2013
-
Korea loses top spot in wireless Internet penetration
South Korea is no longer the most wired country in the world, an OECD report showed Sunday. Finland overtook Korea in terms of wireless broadband penetration as of 2012, with Korea’s ranking falling to the fourth out of 34 OECD members.This is the first time that Korea lost the top spot since the OECD started collecting relevant data in 2009.According to the OECD statistics, the number of wireless broadband subscriptions was 103.4 per 100 people in Korea last year.Finland took the top spot with
July 21, 2013
-
Court approves Toyota acceleration case settlement
Toyota Motor Corp. won final approval of a settlement, valued at as much as $1.63 billion by plaintiff lawyers, with U.S. consumers who claimed that recalls related to sudden, unintended acceleration caused their vehicles to lose value. U.S. District Judge James V. Selna, who gave the accord preliminary approval in December, signed off on it at a hearing Thursday in Santa Ana, California. The judge in June had delayed a decision until he received further documentation how the money would be dist
July 21, 2013
-
Honda overhauls Fit hatchback after enlisting supercar designers
Tensions already ran high at Honda Motor Co. in October 2011, two months after Consumer Reports ridiculed the onetime favorite Civic as a substandard car, when President Takanobu Ito saw drawings of the next Fit. He ripped up the plans and summoned his top two designers. “The design had no character and looked very much like its predecessor,” said Yoshinori Asahi, who co-designed Honda’s top-of-the line NSX supercar. “That made us worried about the future of the car.” Almost two years later, Tok
July 21, 2013
-
Competition ‘red-hot’ for jobs at Porsche
Competition to grab a job at the Korean unit of Porsche appears to be reaching fever-pitch. Kim Geun-tak, who is to lead Porsche Korea when it opens later this year, is currently recruiting staff to create a solid base to start from, according to industry sources. “Except for those who are working for one of the German big three brands (BMW, Mercedes-Benz and Audi), the jobs seem to be quite attractive,” said one source, requesting anonymity. It is common for import carmakers to rehire most of t
July 21, 2013