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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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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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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On May Day, labor unions blast Yoon's foreign nanny proposal
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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BMW to recall 2,231 cars for faulty cooling pumps
BMW will recall 2,231 vehicles sold in South Korea for manufacturing defects that could cause overheating and fire in cooling pumps, the transportation ministry said Thursday.Subject to the recall are Mini Cooper S models manufactured between March 1, 2007 and Jan. 18 of last year in its British plant, according to the ministry.The cars were found to have problems with cooling pumps designed to blow more air into engines for better combustion. The defect could cause overheating and fire, the min
Feb. 9, 2012
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Avante Coupe makes debut in U.S.
Hyundai Motor unveiled the Avante Coupe, dubbed the Elantra Coupe in North America, during the 2012 Chicago Auto Show.Hyundai, set to launch the two-door midsize sedan in Korea and major overseas markets, picked the U.S. market as its first target.“The Avante Coupe is equipped with a 1.8-liter engine with 148-horsepower,” the company said Thursday. “It will hit showrooms in the U.S. during the first half of the year.” In addition, the carmaker introduced the i30 hatchback, dubbed the Elantra GT
Feb. 9, 2012
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Import cars capture 8.9% of Korean market
Foreign carmakers grabbed nearly 9 percent of the automobile market in Korea last month, marking the second-highest monthly share in history.According to the Korea Automobile Importers and Distributors Association, sales of import cars came to 9,441 units in January, up 9 percent from a year earlier.The import cars accounted for 8.92 percent of the combined sales, including made-in-Korea cars, totaling 105,889 units last month.Their market share is the second-highest since they posted 8.96 perce
Feb. 6, 2012
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Honda runs Super Bowl ads in U.S.
Honda Motor Co., coming off its worst year in the U.S., has produced two offbeat Super Bowl ads with stars Matthew Broderick and Jerry Seinfeld to revive interest in its brands.Honda will air the two 60-second spots during Feb. 5’s Super Bowl after sitting out last year’s game. A commercial promoting its CR-V crossover has actor Broderick behaving like his character in 1986’s “Ferris Bueller’s Day Off.” An Acura ad has car collectors Seinfeld and “Tonight Show” host Jay Leno competing for the fi
Feb. 5, 2012
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Hyundai eyes greater dominance in India market
Local unit CEO says its strategy focuses on growing premium brandHyundai Motor Co. has set long-term strategies to go full-throttle in India’s mid-sized and luxury segments to dominate an industry still in its early stages, said Park Han-woo, CEO of Hyundai Motor India.“It is a great opportunity for us that India’s car market is becoming ever more competitive. We’re a strong player in the compact segment already, but our long term plans are to achieve such status in the mid-sized, luxury and spo
Feb. 5, 2012
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[Korean auto sales down 1.7% in Jan.]
Korea’s five automakers led by market leader Hyundai Motor Co. on Wednesday reported a 1.7 percent drop in January sales due to a slump in domestic demand.The combined sales of the carmakers came to 617,506 vehicles in January, compared with 626,806 units sold a year earlier, according to data released by the companies.Their domestic shipments reached a combined 96,448 units last month, down 20 percent from 120,557 a year earlier. Overseas sales, however, including cars exported from South Korea
Feb. 1, 2012
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Avante Hyundai Motor’s best-seller in 2011
The Avante compact manufactured by Korea’s top automaker Hyundai Motor Co. was the company’s top-selling car in the global market last year, industry data showed Tuesday.A total of 787,067 units of the Avante, known as the Elantra in the United States, were sold in 2011 in the domestic and overseas markets, accounting for 19 percent of Hyundai Motor’s overall shipments of 4.14 million vehicles, according to the data.Its domestic sale reached 130,628 units last year, while 239,439 units were expo
Jan. 31, 2012
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U.S. firms bid to retake luxury car market
U.S. luxury cars manufacturers like Cadillac and Lincoln, respectively run by GM and Ford, are struggling to win back a share of the expanding luxury car market, largely controlled by Japanese and German automakers.These brands, which once embodied the very essence of luxury cars, saw quality decline in the years before the industry crisis, and drivers abandoned them in their droves.Now they must recover their former glory by improving entry-level models, which was not their strong suit, but whi
Jan. 29, 2012
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Automakers compete with fuel efficient cars
Korean, foreign firms strive to attract customers with new diesel line-upsCompetition to launch vehicles with high fuel efficiency has been heated in the local automobile market.Among the contenders are Korean carmakers, such as Hyundai Motor and Kia Motors, and major import brands including BMW, Mini, Volkswagen, Nissan and Chrysler.Noticeably, fuel efficient diesel-powered sedans as well as diesel-powered sport utility vehicles are gaining popularity with Korean consumers.Drivers’ priorities
Jan. 29, 2012
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Kia Motors posts record earnings
Kia Motors Corp. reported record-high earnings last year on the back of its upgraded brand image and robust sales growth in overseas markets.The automaker posted about 3.5 trillion won ($3 billion) in net profit in 2011, up 30 percent from a year earlier.Its vehicle sales reached 43.2 trillion won last year, up 20.6 percent from a year before. Its operating profit also jumped 41.6 percent to 3.5 trillion won.Kia’s outstanding performance is attributable to the brisk sales of its automobiles base
Jan. 27, 2012
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Hyundai Motor posts record profit in 2011
Hyundai Motor Co., South Korea's largest automaker, said Thursday that its 2011 earnings reached a record high on brisk sales in domestic and overseas markets.Net profit reached 8.1 trillion won (US$7.1 billion) last year, up 35.1 percent from 6 trillion won a year earlier, the company said in a reg
Jan. 26, 2012
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Hyundai Motor beats Toyota in Germany
Korea’s top carmaker Hyundai Motor Co. became the best-selling Asian car brand in the competitive German market last year, edging out Japan’s Toyota Motor Corp., industry data showed Wednesday.Hyundai Motor sold 86,866 vehicles in Germany in 2011, while Toyota sold 83,204 cars, according to the German international manufacturing group VDIK.The sale of Hyundai Motor jumped 16.9 percent last year from 74,287 vehicles a year ago to surpass Toyota for the first time since it made inroads into the Ge
Jan. 25, 2012
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Fold-up car of the future unveiled at EU
BRUSSELS (AFP) - A tiny revolutionary fold-up car designed in Spain's Basque country as the answer to urban stress and pollution was unveiled Tuesday before hitting European cities in 2013.The "Hiriko", the Basque word for "urban", is an electric two-seater with no doors whose motor is located in th
Jan. 25, 2012
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Hyundai, Kia tops U.S. automobile industry performance scoreboard
Korea’s Hyundai Motor Co. and Kia Motors Corp. topped last year’s U.S. auto market performance scoreboard, a report by a consumer data provider showed Tuesday.U.S.-based TrueCar.com said Hyundai and Kia ranked No. 1 in its 2011 Annual Performance Scoreboard that checks such areas as sales growth, market share and customer brand loyalty.It said the two carmakers, which are the flagship companies of Hyundai Motor Group, the world’s fifth largest automotive conglomerate, received an average “A-plus
Jan. 24, 2012
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Kia recalls 145,000 vehicles
Kia Motors America said it would recall model year 2006-2008 Optimas and model year 2007-2008 Rondos due to faulty air bag release systems, regulators said.The National Highway Traffic Safety Administration said Optima vehicles manufactured from Sept. 29, 2005, through Jan. 29, 2008, are involved in
Jan. 24, 2012
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Korando C wins Dutch motor race
Ssangyong Motor Co. said Friday its flagship sports utility vehicle, the Korando C, has won the ScanCovery Trial 2012 held in the Netherlands, demonstrating its high driving performance.The team Voorthuizen, arranged by Ssangyong Motor’s official Dutch dealer Ssangyong Benelux, finished first to beat some 60 rival teams, which drove popular models by companies such as Mercedes-Benz and Volvo, the company said.In the competition, all cars were required to race the 7,000 kilometer course from the
Jan. 20, 2012
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Hyundai Motor names vice chairman for labor
Hyundai Motor’s manufacturing factory manager Kim Eok-jo has been promoted to the post of vice chairman in charge of the company’s labor sector.Since January 2011, Kim has worked for Hyundai Motor as a president and the chief of the carmaker’s Ulsan plant.Before that, he played a significant role in boosting the automaker’s overseas sales as head of Hyundai Motor’s Czech Republic corporation.Hyundai has been striving to enhance its internal strength amid global uncertainties, in part through act
Jan. 19, 2012
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Hyundai releases i40 Saloon
Hyundai Motor Co., Korea’s leading automaker, said Tuesday it released the latest version of its i40 in the local market to meet customer demand for a mid-size sedan.The i40 Saloon, 4.740 meters long and 1.815 meters wide, features the smoothly sculpted exterior seen on recent Hyundai vehicles. It comes with a 2.0-liter GDi gasoline engine with a maximum 178 horsepower and has an average fuel mileage of 13.1 kilometers per liter.There is also a diesel model powered with a 1.7-liter VGT engine wi
Jan. 17, 2012
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Chung foundation to support 13,000 college students
The Chung Mong-koo Foundation will provide 13,000 college students from underprivileged households with financial support, Hyundai Motor said Tuesday.The foundation, set up by Hyundai Motor chairman Chung, plans to issue tuition fee loans with low or zero percent interest rates.“Over the next two years, about 13,000 college students will enjoy the educational support. Lending rates range between 0 and 3 percent,” the automaker said in a statement.About 5,000 students could be beneficiaries of th
Jan. 17, 2012
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BMW recalls 235,000 Minis worldwide due to 'fire risk'
A Mini Cooper automobile, by Bayerische Motoren Werke AG ( BMW), rolls of the production line at the company's Cowley plant in Oxford, U.K. (Bloomberg)German carmaker BMW has recalled around 235,000 Minis worldwide due to a fault in the electric water pump that cools the turbo charger, which could i
Jan. 17, 2012