Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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Can electric cars win in the mass market?
CHICAGO (AFP) ― It’s not every day that a U.S. governor accepts an invitation to the launch of a Japanese-built car, but Nissan’s all-electric Leaf offers environmental credentials that top any nationalistic concerns. “Illinois is laying the groundwork for electric vehicles and a more green economy,
Sept. 4, 2011
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BMW draws growing complaints in Korea
A growing number of Korean drivers have complaints about BMW vehicles even as the carmaker is securing the No. 1 position in sales among foreign automakers in the local market.According to the Korea Consumer Agency, BMW Korea saw its sales come to 17,072 units for the first seven months of the year,
Sept. 4, 2011
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Sorento boosts Kia sales in U.S.
Kia Motors saw its sales exceed 300,000 units in the United States for the first eight months of this year, thanks to growing popularity of the crossover utility vehicle Sorento R.The automaker said Friday that it sold 41,188 vehicles in the U.S. market in August to post 331,796 units in sales this
Sept. 2, 2011
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Ssangyong, Renault lead sales growth
Ssangyong Motor and Renault Samsung Motors have taken the lead in vehicle sales growth in August, surpassing competitors Hyundai Motor, Kia Motors and GM Korea.Ssangyong Motor saw its sales surge 54.6 percent in August from a year earlier on the back of brisk exports and steady domestic demand.It so
Sept. 1, 2011
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GM Korea vows to attain double-digit market share
GM Korea has resolved to secure more than 10 percent of the local market on a yearly basis, unveiling its plan to launch new models of the Chevrolet series. Mike Arcamone, president and CEO of General Motors’ local unit, stressed that the automaker could see “double-digit market share” in Korea at t
Aug. 31, 2011
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Kia hybrid seeks Guinness record
Kia Motors Corp., South Korea’s second-largest automaker, said Friday that its Optima hybrid mid-size car will try to set a new Guinness World Record for the best mileage car by driving through the United States.The Guinness challenge started with an Optima sedan leaving its production plant in West
Aug. 28, 2011
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BMW expects Mercedes-Benz to start 2012 as top seller
Bayerische Motoren Werke AG’s BMW, on a pace to become the top-selling luxury auto brand in the U.S. this year, will probably be outsold by Daimler AG’s Mercedes-Benz early next year, a top executive said. Updated C-Class compact Mercedes models will go on sale later this year and probably mak
Aug. 28, 2011
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Debate over electronic vs. hybrid resurfaces
LG Corp.’s announcement that it will jointly build electric cars with General Motors Friday is brining hope to Renault Samsung, which wants to sell the vehicles here. However, the debate over next-generation cars remains very much alive with Hyundai on the hybrid side.Lee Ki-sang, director of Hyunda
Aug. 28, 2011
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Audi reveals ultra-light urban concept car
Ingolstadt, Germany (DPA) ― Audi has revealed an ultra-light concept car designed for congested urban areas combining what it says are elements of a racing car, a fun car and an urban car fitted intoa radical new idea. Audi urban conceptOrientated strictly on light weight construction the wheels are
Aug. 21, 2011
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BMW X3 with extended range of engines
Munich (DPA) ― BMW is offering the X3 Sports Activity Vehicle with an extended range of engines promising more performanceand greater fuel efficiency as well as options including a real-timetraffic information function. BMW X3From the European autumn this year the X3 will come with a choiceof three
Aug. 21, 2011
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Volvo recalls S80 sedan for steering fluid leak
Global automaker Volvo is recalling 447 cars in South Korea due to a detective hose that could lead to leakage of power steering fluid, the government said Thursday. Volvo-S80The vehicles subject to the recall are the S80 passenger sedans produced between March 8, 2006, and May 16, 2007, according t
Aug. 21, 2011
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Kia, GM Korea vie for city car sales
Kia Motors Corp. and GM Korea Co. have been in keen competition to dominate the growing “city car” market at home as high fuel prices continue to burden households.According to the Korea Automobile Manufacturers Association, local sales of automobiles with engine displacements of up to 1 liter grew
Aug. 21, 2011
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Lexus readies new GS to win sales lost to BMW, Mercedes
Toyota Motor Corp.’s Lexus, set to lose its position as the top-selling U.S. luxury car brand after 11 years, is revamping its line to regain sales lost to Daimler AG’s Mercedes-Benz and Bayerische Motoren Werke AG’s BMW. The 2013 Lexus GS 350 goes on sale in February with a new look, larger interio
Aug. 21, 2011
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Clean-energy cars on the rise in Korea
Nearly 50,000 clean-energy vehicles have been sold in South Korea as local automakers have broadened their lineups of eco-friendly cars in line with the government’s “green growth” policy, the Environment Ministry said.The aggregate number of eco-friendly cars sold in South Korea until last year sto
Aug. 21, 2011
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Sales of small import cars surge 65%
Foreign carmakers saw their sales of small vehicles with an engine capacity of less than 2.0 liters grow by 65.5 percent on a year-on-year basis.They sold 25,456 units for the smaller segment vehicles during the first seven months of 2011, compared to 15,379 units for the same period last year.In co
Aug. 14, 2011
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The rise of diesel cars
Diesel-powered mid-sized sedans are growing ever more popular among a slew of new models launched this year.Diesel cars took up more than 30 percent of the import market share for the first time in July, Korea Auto Industries Corp. Association said.The economically cheaper option has been in h
Aug. 14, 2011
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Hyundai-Kia on way to grab 15% of U.S. market
Hyundai Motors and Kia Motors saw their market share in the United States reach nearly 15 percent in July, having already grabbed more than 15 percent for the mid-sized sedan segment there.The affiliated automakers posted 14.6 percent in market share for the American market with sales of 72,440 unit
Aug. 8, 2011
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Import cars to grab 10% of Korean market by 2012
Foreign carmakers are expected to capture 10 percent of Korea’s automobile market in about a year after they saw the market share surpass 1 percent for the first time in 2002.Buoyed by active sales of smaller sized sedans among newcomers such as Peugeot and Honda Motor in early 2000s, import vehicle
Aug. 7, 2011
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Toyota struggles with iQ as Kia’s Soul soars
Toyota Motor Corp.’s Scion brand, created in 2003 to attract young buyers with quirky cars and low prices, is trying to revive flagging sales with the tiny iQ. Scion is in need of a revival: Sales have fallen for four straight years, sliding 74 percent from a 2006 peak of 173,034. While deliveries o
Aug. 7, 2011
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Demand for hybrid sedans rising
Hyundai Motor and Kia Motor are posting a rapid growth in sales of hybrid sedans at home, following outstanding performances in the U.S. market.In July, about 15 percent of Hyundai-Kia’s customers who purchased the automakers’ Sonata and K5 picked the hybrid version of the sedans, Hyundai Motor Grou
Aug. 2, 2011