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The Korea Herald

Automobiles

June 16, 2019
Hyundai Motor Group chief calls for global effort toward ‘hydrogen economy’

Chung Eui-sun, Hyundai Motor Group executive vice chairman, called for world leaders to take action for the hydrogen-focused energy transition during the Group of 20 meeting of environment and energy ministers on June 15. Chung, who co-chairs the Hydrogen Council, was invited to exchange views on...
June 16, 2019
Hankook Tire & Technology aims to lead market through innovative tech

Following the change in its name last month to Hankook Tire & Technology, the firm said Sunday it plans to lead the global original equipment tire market by beefing up its research and development on innovative technology. In May, the company was renamed from Hankook Tire as part of its holding ...
June 13, 2019
Hyundai invests in US autonomous auto startup Aurora

Hyundai Motor Group said on June 13 it has invested in US self-driving car startup Aurora Innovation to enhance its autonomous vehicle technologies. In the partnership, the South Korean auto group will jointly develop autonomous vehicle technologies in order to come up with an optimal self-driv...
June 12, 2019
Renault Samsung on partial lockout amid labor dispute

Renault Samsung Motors on June 12 imposed a partial lockout at its main plant in Busan amid falling sales and snowballing output losses in the wake of its drawn-out dispute with the labor union. The automaker said it will suspend night shifts for an unspecified period as its utilization rate at...
June 04, 2019
SsangYong Motor launches upgraded Tivoli SUV

SsangYong Motor on June 4 launched the upgraded Tivoli SUV in the domestic market as it seeks to further boost sales. The face-lifted Tivoli comes with a 1.5-liter gasoline turbo or a 1.6-liter diesel engine. The SUV is equipped with a six-speed automatic transmission, the company said in a sta...
June 03, 2019
Kia unveils renderings of face-lifted K7 sedan

Kia Motors on June 3 unveiled renderings of its face-lifted K7 sedan ahead of its domestic launch in the coming weeks. The upgraded K7 upper midsize sedan comes with a bolder tiger nose grille and a strong bumper incorporating large air intake vents and multibeam LED headlamps. It also has a bo...
May 29, 2019
Hyundai, Kia log solid sales in US, but China slump continues

Hyundai Motor and affiliate Kia Motors said on May 29 their sales in the United States improved in the first four months of the year, but their slump in China continued. In the January-April period, Hyundai and Kia sold a combined 396,793 vehicles in the US, up 3.7 percent from 382,470 units a ...
May 28, 2019
BMW to roll out new 7 Series in H1

German luxury carmaker BMW said on May 28 it will release its new 7 Series globally in the first half of this year. Some partial moderations have been made to the new model. Its design emphasizes luxury, innovative features and is equipped with advanced technologies, including autonomous driving a...
May 27, 2019
SK Innovation to expand EV battery output capacity

SK Innovation said on May 27 it will expand its electric vehicle battery production capacity 20 times more than the current level by 2025 to meet growing demand and expand its presence in the promising market. CEO Kim Jun said the company aims to increase its production capacity from the curren...
May 21, 2019
Toyota launches all-new RAV4 in S. Korea

Toyota Motor on May 21 launched the all-new RAV4 SUV in South Korea to meet growing demand for the vehicle type. The Japanese carmaker came up with the fifth-generation RAV4, the first fully changed model in six years, to gain a share of the expanding local SUV market. The company said it aims...
May 19, 2019
Kia launches Korea’s first EV service center

Korea’s second-largest automaker Kia Motors has established a service center dedicated to electric vehicles for the first time in the country, the firm said on May 19. The automaker has set up an EV Workbay at six service centers nationwide, operated by Auto Q. It hopes to enhance the efficienc...
May 16, 2019
Hyundai to supply 5,000 cars to Middle East ride-hailing firm

Hyundai Motor said on May 16 it will supply 5,000 vehicles to Middle Eastern ride-hailing firm Careem Networks by December. The move is part of Hyundai’s drive to transform itself into a smart mobility solutions provider in the long term. Hyundai plans to deliver 5,000 units of the Sonata ...
May 16, 2019
Auto output grows on sound exports, domestic sales in April

South Korea’s overall auto output increased from a year earlier last month, helped by an increase in both exports and local sales, data showed on May 16. In April, the combined output of five carmakers here came to 371,930 units, up 5.0 percent from the same month last year, according to the d...
May 16, 2019
Renault Samsung, union sign tentative deal over wages

Renault Samsung Motors and its labor union said on May 16 they have reached a tentative agreement over wages and working conditions, possibly ending their drawn-out labor dispute that was feared to undermine the automaker. The labor union said its members will vote next week on whether to accep...
May 15, 2019
Hana Financial wins lawsuit against Lone Star

Hana Financial Group said on May 15 it has won an international arbitration suit against U.S. buyout group Lone Star over its purchase of KEB Hana Bank, formerly known as Korea Exchange Bank. Lone Star filed the suit at the International Court of Arbitration under the International Chamber of C...

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