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The Korea Herald

Automobiles

December 12, 2019
Kia aims to sell 70,000 K5s in S. Korea next year

Kia Motors said Dec. 12 it is targeting to sell 70,000 units of the all-new K5 in the domestic market next year. Its midsize sedan has gone on sale after receiving preorders of 16,000 units in the past month through Wednesday, the company said in a statement. “Sales of sedan models has been o...
December 11, 2019
Hyundai to supply over 1,200 Sonata hybrid taxis to Dubai

Hyundai Motor said Dec. 11 it will supply more than 1,200 Sonata gasoline hybrid sedans as taxis to Dubai next year. The company has signed deals with the Dubai Taxi Corp. and Cars Taxi to deliver a combined 1,232 Sonata hybrid taxis to the companies by the end of 2020, the company said in a st...
December 11, 2019
Hankook Tire supplies tires for Audi SQ8 TDI SUV

Hankook Tire & Technology said Dec. 10 it began to supply tires for Audi’s SQ8 TDI SUV in October. The company supplies the high-performance Ventus S1 evo 3 SUV tires for the high-performance SQ8 TDI SUV in the form of original equipment tires, the company said in a statement. It didn’t g...
December 09, 2019
EV models reach over 40% of Hyundai, Kia eco-friendly car sales

Electric vehicle models reached over 40 percent of Hyundai Motor and Kia Motors’ environmentally friendly vehicle sales in the January-October period, an automobile association said Dec. 9. In the first 10 months, Hyundai and Kia sold a combined 291,237 eco-friendly models in global markets, a...
December 08, 2019
Half of Hyundai Kia cars sold in US are SUVs

More than a half of new cars manufactured by South Korean carmakers Hyundai and Kia sold in US were sport utility vehicles, reaching the highest mark since its operation in the world’s second-largest auto market, the companies said Dec. 8. Of the 1.2 million vehicles Hyundai and its sister compan...
December 04, 2019
Imported car sales rise 14% in Nov.

Imported car sales in South Korea rose 14 percent on-year last month, helped by new models, industry data showed Dec. 4. The number of newly registered foreign vehicles rose to 25,514 units in November, up from 22,387 a year earlier, the Korea Automobile Importers & Distributors Association sai...
December 04, 2019
Hyundai to invest W61tr in core, mobility biz by 2025

Hyundai Motor said Dec. 4 it will invest 61 trillion won ($51 billion) in its core automobile and future mobility businesses by 2025. The decision is designed to enhance the competitiveness of its existing car manufacturing business and generate new business opportunities by investing in future...
December 02, 2019
Auto sales show mixed results in Nov.

Hyundai Motor said Dec. 2 its sales fell 2.8 percent last month from a year earlier due to weak demand at home and abroad. The company sold 392,247 vehicles in November, down from 403,368 units a year earlier, the company said in a statement. Domestic sales declined 1.5 percent to 63,160 un...
December 02, 2019
7 firms to recall 12,000 vehicles over faulty parts

Volkswagen, Fiat Chrysler Automobiles and five other companies will recall more than 12,000 vehicles due to faulty components, the transport ministry said Monday. This is the latest in a series of recall plans for local and overseas carmakers and importers of foreign vehicles. Audi VW Korea...
November 28, 2019
Hyundai Glovis sets up Chinese JVs for used car, shipping biz

Hyundai Glovis said Nov. 28 it has set up two joint ventures in China to advance into the local secondhand car and shipping markets. The logistics unit of Hyundai Motor Group and Beijing Changjiu Logistics have formed two separate joint ventures -- Beijing Changjiu Glovis Automobile Service and...
November 27, 2019
Hyundai Motor to build new HQ by 2026

Hyundai Motor Group said Nov. 27 it will complete the construction of its new headquarters in downtown Seoul by 2026 after breaking ground early next year. The Seoul Metropolitan Government has given permission for the construction of the 105-story Global Business Center in southern Seoul after...
November 25, 2019
BMW Korea hosts event for suppliers

German-based luxury carmaker BMW Korea announced on Nov. 21 that it has hosted the “BMW Group Supplier Day 2019” event at the Grand Hyatt in Incheon. According to the company, it decided to host the event to take some time to appreciate its suppliers from diverse field’s cooperation and also sh...
November 24, 2019
New Grandeur boasts bolder, younger, sportier look

Hyundai Motor’s flagship full-size sedan Grandeur has been positioned as a luxurious car for the older generation and those of high social status in their late 40s and 50s in Korea. But with the New Grandeur, the automaker has transformed itself, seeking to target those in their early 40s and enc...
November 22, 2019
Hyundai to launch Lafesta EV in China next year

Hyundai Motor said Nov. 22 it will launch the Lafesta electric vehicle in China next year. The company unveiled the Lafesta sedan at the 17th China Guangzhou International Automobile Exhibition that opened on Friday and lasts through Dec. 1, along with dozens of other environment-friendly vehic...
November 21, 2019
Samsung SDI wins EV battery supply deal from BMW

Samsung SDI has signed a 2.9 billion euros ($3.2 billion) deal with BMW to supply EV battery cells, the German automaker’s Korean unit said Nov. 21. BMW Chief Purchasing Officer Andreas Wendt signed the agreement with Samsung SDI for the deal in Seoul, according to BMW Group Korea. Under t...

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