Most Popular
-
1
Exports to US reach all-time high, widen gap with China
-
2
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
3
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
4
[Music in drama] Rekindle a love that slipped through your fingers
-
5
Inflation eases in April, continues bumpy ride
-
6
Golden chance to liquidate babies’ gold rings?
-
7
Seoul Metro to seek legal action against malicious complaints
-
8
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
9
Illit, mired in controversy, remains on Billboard charts for 5th week
-
10
On May Day, labor unions blast Yoon's foreign nanny proposal
-
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
-
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
-
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
-
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
-
Nissan to battle German carmakers in Korea
Japanese automaker introduces new models to attract consumersNissan is set to wage a sales battles with German automakers in Korea by aggressively marketing its Infiniti series and the Cube, a characteristic box-like model.The second-largest automaker in Japan has set the goal of making the Infiniti series become one of the top three import brands in the premium luxury segment.“We are mapping out
July 31, 2011
-
Mahindra sees India’s 1st cult brand aided by Ssangyong
The Actyon of Ssangyong Motor Co.At Ssangyong Motor Co., South Korea’s third-largest maker of sport utility vehicles, just about everything that could go wrong did in the past two decades. The company switched owners four times, faced bankruptcy and suffered one of the most violent strikes in modern Korean history in 2009. Workers in that clash took control of a plant for almost three months, usin
July 31, 2011
-
Sonata, K5 hybrids draw global attention
Hyundai-Kia gear up to catch up with Toyota hybridsHyundai Motor and Kia Motors had fallen behind Toyota Motor and Honda Motor in developing fuel-efficient and eco-friendly vehicles.But the nation’s two affiliated companies have plunged into keen competition to dominate the international green car markets by launching the hybrid version of popular sedans this year.“While we have joined the growing
July 28, 2011
-
Hyundai’s Chung pushes hybrid car marketing
Hyundai Motor Group chairman Chung Mong-koo has instructed his staff to actively publicize at home and abroad that Hyundai Motor and Kia Motors have become global players with competitive technologies. Chung Mong-kooDespite marked growth in overseas sales, Hyundai and Kia had failed to garner international acknowledgement in the core technology sector.But this year, Chung’s pride and promotion str
July 24, 2011
-
Mitsubishi takes positive view on green cars
July 24, 2011
-
Kia launches K2 on Chinese market
Kia Motors Corp., South Korea second largest carmaker, has launched the small-medium K2 sedan in China. Kia’s compact sedan K2. (Yonhap News)More than 500 prominent figures, including Chinese government officials and executives from Hyundai Automotive Group, attended the function in Chengdu, Sichuan province, on July 20.Kia officials said K2 is a compact car strategically designed for Chinese cust
July 24, 2011
-
Renault Samsung’s departing CEO proud of growth
Jean-Marie Hurtiger, the outgoing CEO of Renault Samsung Motors Co., expressed satisfaction over the achievements in his nearly six-year reign and urged the company to continue localizing automotive components. Jean-Marie HurtigerIn his final official interview as chief, Hurtiger said he is proud to have renewed all of RSM’s vehicles, including the SM3, SM5, SM7 and QM5, as well as leading its cus
July 24, 2011
-
Kia’s focus on design bears fruit
Kia Motors Corp., the nation’s second-largest carmaker, is increasingly betting on cutting-edge design to expand its market share, and the effort is showing off.Kia vehicles were taking over the first ever Automotive Brand Contest organized by the German Design Council in the past week. It was the winner in four categories. It was ranked “Best of the Best” after the compact Sportage SUV, Rio and a
July 24, 2011
-
Porsche eyes supercar for growth
Porsche AG may develop a supercar positioned higher than the 911 GT2 RS to broaden its line-up and sustain growth as orders cool from record deliveries last year. The car could be combined with additional variants of the Cayman and Boxster as well as extended-wheelbase and convertible versions of the Panamera four-door coupe, Bernhard Maier, Porsche’s sales chief, said in an interview. It would ai
July 24, 2011
-
Renault Samsung’s car exports hit record in H1
Riding on solid demand from Europe, Renault Samsung Motors Co., exported a record 70,914 cars in the first half of this year, the company said last week. Renault Samsung is the Korean unit of French automaker Renault SA. Renault Samsung CEO Jean-Marie HurtigerThe figure the carmaker unveiled surpassed the previous high of 50,160 units tallied in the first six months of 2010, with the latest surge
July 17, 2011
-
SM7 renewed with impressive road manners
Renault Samsung challenges Hyundai’s dominance with fully revamped premium sedanNAMHAE, South Gyeongsang Province ― Tagging Hyundai Motor’s Grandeur as the sole leader of the mid-sized sedan market is about to get presumptuous with new premium sedans from Renault Samsung and GM Korea. Throughout the years, the Grandeur has dominated the segment and outsold Renault Samsung’s SM7 and GM’s Alpheon.
July 17, 2011
-
Volkswagen ‘confident’ it can outperform global car market
Volkswagen AG, Europe’s biggest carmaker, said it expects to continue outperforming the auto market in the second half after posting a record 4.1 million deliveries in the first six months of the year.Sales of cars, sport-utility vehicles and vans at the company’s brands including the Audi luxury division and Czech unit Skoda rose 14 percent, VW said today in an e-mailed statement. Global industry
July 17, 2011
-
Toyota under pressure from Hyundai in U.S.
Toyota Motor Corp., to make its earnings target this year, needs the new Camry to wrest back market share from Hyundai Motor Co.’s Sonata sedan. The Camry, the best-selling car in the U.S., has lost ground to the Sonata, with Seoul-based Hyundai raising its U.S. output and surpassing the Camry in May for the first time. “Sonata became a very honorable contender in the market,” said Yoshimi Inaba,
July 17, 2011
-
Mahindra vows to regain Ssangyong’s brand image
Ssangyong Motor CEO Lee Yoo-il (right) poses with Mahindra and Mahindra CFO Bharat Doshi (center) and the Indian firm’s president for automotive and farm sector Pawan Goenka at a press conference in Seoul last March. (Ssangyong Motor Co.)Mahindra & Mahindra Ltd., the majority shareholder of Ssangyong Motor, has continued to reiterate that it would invest in the automaker on a long-term basis devel
July 11, 2011
-
Ssangyong’s new Chairman W targets VIPs
The new Chairman WCompany offers unprecedented seven-year care service plan to customersSsangyong Motor Co., which launched the new Chairman W in the local market last week, is to provide consumers with a long-period guarantee service.The service, dubbed “W Promise 715 program,” offers customers free-of-charge car inspections for seven years, the automaker said in a statement on Monday.Customers
July 11, 2011
-
Nissan, Toyota ‘quiet’ cars must sound alerts under U.S. rule
A General Motors Co. Chevrolet Volt electric vehicle is taken for a test drive through the Presidio in San Francisco, California (Bloomberg)Nissan Motor Co., General Motors Co. and other makers of electric and hybrid vehicles will be required by U.S. safety regulators to install warning systems that will automatically sound alerts to pedestrians. The U.S. National Highway Traffic Safety Administra
July 10, 2011