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The Korea Herald

Automobiles

December 19, 2018
Hankook Tire supplies tires to 2019 Ford Ranger

[THE INVESTOR] Hankook Tire said on Dec. 19 it will supply tires to Ford Motor’s 2019 Ford Ranger midsize pickup truck. In October, Hankook Tire began to supply the high-performance Dynapro AT-m tires for the 2019 Ford Ranger in the form of original equipment tires, the company said in a stat...
December 18, 2018
KDB supports GM Korea’s plan to spin off research unit

[THE INVESTOR] The state-run Korea Development Bank said on Dec. 18 it supports GM Korea’s plan to spin off its research unit, marking a reversal from the lender’s opposition to the controversial scheme that is also strongly opposed by the carmaker’s labor union. Lee Dong-gull, governor of ...
December 18, 2018
Han Sung celebrates 7 years of art scholarship project

[THE INVESTOR] Han Sung Motor, the largest official Mercedes-Benz dealership in Korea, celebrated the seventh anniversary of its Dream Gream program on Dec. 18. During its year-end event at the Mercedes-Benz Cheongdam showroom, 13 students who graduated from the program after receiving support a...
December 17, 2018
Daimler, MAN to recall over 3,000 trucks, tractors

[THE INVESTOR] MAN Truck & Bus Korea and Daimler Trucks Korea will voluntarily recall over 3,000 trucks and tractors to repair faulty components, the Transport Ministry said on Dec. 17. This is the latest in a series of recall orders issued by the ministry to both domestic and foreign carmaker...
December 16, 2018
Hyundai signs 2019 WRC deal with Sebastien Loeb

[THE INVESTOR] Hyundai Motor, Korea’s largest carmaker by sales, announced on Dec. 16 that legendary rally driver Sebastien Loeb will contest six rounds of the 2019 World Rally Championship. Nine-time WRC champion Loeb will start the two-year contract with Hyundai by attending the Monte-Carlo Ra...
December 16, 2018
Hyundai Mobis to introduce windshield display technology at CES

[THE INVESTOR] Hyundai Mobis, Korea's biggest auto parts maker by sales, said on Dec. 16 it will introduce a windshield display technology for its autonomous vehicles. Hyundai Mobis plans to unveil the technology, which tracks a driver's eye and finger motions to manipulate the display while in a...
December 16, 2018
Hyundai’s SUV market share in US rises

[THE INVESTOR] Hyundai Motor’s market share in sports utility vehicle segment in US has risen to a record high of 3.7 percent as of November, since it entered the market in 2000, industry sources said on Dec. 16. The South Korean auto giant sold a total of 271,377 units of SUVs, between January ...
December 14, 2018
Court rejects Audi VW Korea’s demand for cancellation of fine

[THE INVESTOR] A Korean court on Dec. 14 ruled against a request of Volkswagen and its affiliate Audi that a hefty fine, imposed on the local unit of the German automakers two years ago for false advertisements on its fabricated emissions results, be canceled. The Seoul High Court ruled that t...
December 14, 2018
KDB to complete lifeline injection to GM Korea

[THE INVESTOR] State-run Korea Development Bank said on Dec. 13 it will complete injecting US$750 million into the financially troubled Korean unit of General Motors later this month, ending a controversy over the spin off of its research unit. The policy bank, second-largest shareholder of GM Ko...
December 13, 2018
GM Korea launches Chevy Camaro SS

[THE INVESTOR] GM Korea on Dec. 13 launched the New Camaro SS in the domestic market to diversify its product lineup. The upgraded version of the sixth-generation Chevrolet muscle car comes with a 6.2-liter V8 engine and the Hydra-Matic 10-speed automatic transmission. It has 455 horsepower on...
December 12, 2018
Ex-BMW developer named head of Hyundai’s R&D division

[THE INVESTOR] Hyundai Motor said on Dec. 12 it has named its high-end vehicle developer Albert Biermann as the head of its research and development division. In January, Hyundai promoted Biermann to the post of president in a move to underscore its focus on developing high-end vehicles. H...
December 11, 2018
Hyundai to invest W8tr in hydrogen cars by 2030

[THE INVESTOR] Hyundai Motor Group said on Dec. 11 it will invest 7.6 trillion won (US$6.70 billion) in hydrogen fuel cell electric car-producing facilities and related R&D activities by 2030. Under the investment plans, the Korean business group will establish two separate plants to churn out...
December 11, 2018
Hyundai launches Palisade flagship SUV

[THE INVESTOR] Hyundai Motor on Dec. 11 launched the Palisade flagship SUV in the domestic market to strengthen its product lineup. The Palisade comes with an eight-speed automatic transmission with a choice of a 2.2-liter diesel engine or a 3.8-liter gasoline mill. It is priced at 36 million ...
December 10, 2018
Renault to produce Twizy cars in Korea

[THE INVESTOR] Renault Samsung Motors is planning to start producing the Twizy ultra-small electric car at its sole domestic plant next year, industry sources said on Dec. 10. Renault Samsung, Busan Metropolitan City, and the Ministry of Trade, Industry and Energy are expected to sign an initi...
December 09, 2018
Hyundai, Kia’s green car sales to further grow on govt support

[THE INVESTOR] Hyundai Motor and Kia Motors’ green car sales are widely expected to grow further in 2019 on the back of the government’s increased budget to expand the use of ecofriendly cars here, industry insiders said on December 9. The two flagship companies of Hyundai Motor Group sold a co...

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