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Kia Motors on July 23 said its second-quarter earnings jumped 52 percent on a weaker local currency. Net profit for the April-June period soared to 505 billion won ($430 million) from 332 billion...
Hyundai Motor on July 22 launched the gasoline hybrid version of its all-new Sonata sedan in the domestic market for customers wanting fuel efficient cars. The Sonata 2.0-liter gasoline hybrid mo...
Hyundai Motor, BMW and two other companies will voluntarily recall over 10,000 vehicles due to faulty components, the Transport Ministry said on July 18. This is the latest in a series of recall ...
Kia Motors on July 18 added the all-new sport utility vehicle Seltos to its lineup. The Seltos went on sale in South Korea before being shipped to India, China and other global markets. Last mont...
South Korea’s shipments of eco-friendly vehicles jumped an average of 33 percent per year in the past seven years on growing overseas demand, an auto business lobby group said on July 16. Local c...
With the popularity of larger, spacious cars globally, South Korea saw sales of recreational vehicles hit 300,000 units in the first half of the year. According to five major carmakers here -- Hyund...
BMW’s 620d Gran Tourismo, the German carmaker’s new entry-level diesel variant of the 6 series, was released in the Korean market in April. Since then, a total of 314 cars have been sold as of the fi...
Hyundai Motor on July 10 said it has appointed a former BMW designer as head of its design innovation group as it seeks solutions for future mobility technologies. The carmaker has appointed Suh ...
Kia Motors CEO Park Han-woo was indicted without detention and referred for court trial on July 9 over allegations that the company used dispatch workers on assembly lines in violation of labor law. ...
Hyundai Motor Group said on July 9 it has reorganized its research and development division to better cope with growing demands for next-generation vehicles. The reorganization is aimed at “quick...
Hyundai Motor and affiliate Kia Motors said on July 5 they posted a 2.7 percent on-year increase in US sales in the first half of the year, helped by robust demand for their SUVs. In the January-...
Hyundai Motor Group said on July 3 it has developed a new engine technology that sharply enhances vehicle performance and fuel efficiency and reduces gas emissions. The group plans to apply its o...
Imported vehicle sales in South Korea fell 17 percent in June due mainly to a supply shortage, industry data showed on July 3. The number of newly registered foreign vehicles stood at 19,386 last...
All the five domestic carmakers in South Korea suffered a sharp fall in sales in June, according to the latest data on July 1. Hyundai Motor said its sales fell 8.3 percent last month from a year...
Sales of imported commercial vehicles in South Korea fell 3.6 percent last month on low demand amid an economic slowdown, a trade association said on June 27. The number of newly registered impor...
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July 16, 2020
