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[THE INVESTOR] BMW Group Korea will voluntarily recall nearly 66,000 BMW and MINI vehicles to repair faulty parts, the Transport Ministry said on Oct. 23. The German carmaker’s recall plan will start Nov. 26, with a total of 65,763 vehicles encompassing 52 different models to be checked by me...
[THE INVESTOR] The head of the state-run Korea Development Bank said on Oct. 22 he is not “unconditionally” opposed to a controversial plan by General Motors’ Korean unit to spin off its research unit. Lee Dong-gull, governor of the KDB, also told a parliamentary audit meeting that GM Korea...
[THE INVESTOR] Hankook Tire said on Oct. 22 that it has begun to supply its ultra high-performance tires to Volkswagen’s Tiguan R-Line package. The tire maker said it began to supply the all-season tire, the Ventus S1 noble2, as original equipment tires to the VW’s sport utility vehicle in M...
[THE INVESTOR] Hyundai Motor’s high performance vehicle i30 N set a new monthly sales record in Europe last month, the company said Sunday. The carmaker sold a total of 907 units in September, further raising the sales performance of the vehicle, which debuted last year. The figure takes the to...
[THE INVESTOR] Shareholders in GM Korea Co. on Oct.19 approved the company’s plan to establish a separate R&D unit amid opposition from the union, which sees the separate unit as a move to scale down local operations over the long term, the company and the union said on Oct. 19. General Motors ...
[THE INVESTOR] Mergers and acquisitions are approached carefully and reviewed in depth. While they can help make the company an industry leader, they can also destroy in the company by overloading it in debt. Volvo Construction Equipment Korea, which was created when the Swedish company purchase...
[THE INVESTOR] SsangYong Motor ranked No. 1 in a survey of British owners’ satisfaction with their vehicles, the company said on Oct. 19. In the Honest John Satisfaction Index 2018, which analyzed feedback from 10,000 car owners, SsangYong beat others to take the title of best-performing car ...
[THE INVESTOR] Hyundai Motor said on Oct. 19 it has unveiled the Lafesta, a compact sedan built exclusively for Chinese customers, to expand its presence in the world’s largest automobile market. The sporty compact -- which is similar to the Avante in size -- comes with a 1.6-liter Turbo-GDi ...
[THE INVESTOR] Hyundai Motor said on Oct. 19 it will launch its i30 N Line model in the domestic market next week as part of its diversification strategy. The i30 N Line, mated with a 1.6-liter gasoline turbo engine, is not a Hyundai high-performance oriented N brand, but it adopts basic optio...
[THE INVESTOR] Hyundai Motor and affiliate Kia Motors said on Oct. 18 they are reviewing a US request to testify in regards to engine fires in their cars next month. Hyundai and Kia’s U.S. operations received the request from the Senate Commerce Committee to appear at a hearing on Nov. 14 on ...
[THE INVESTOR] Hyundai Motor said on Oct. 17 it has signed an initial agreement with French companies Air Liquide and energy firm Engie in the latest move to boost sales of hydrogen fuel cell vehicles. Under the memorandum of understanding, Hyundai said it will partner with the French firms fo...
[THE INVESTOR] Renault Samsung Motors on Oct. 16 launched its Master van in Korea, with an aim to achieve 10 percent of the domestic light commercial vehicle market by 2020. The country’s LCV market of 250,000-260,000 units a year is currently dominated by Hyundai Motor’s Porter and Starex a...
[THE INVESTOR] Hyundai Motor has won the Red Dot Design Award 2018 as the brand of the year, the company said on Oct. 16. “The company won the award as it has sought partnerships with non-auto companies in a creative manner to provide a differentiated brand value of its vehicles to customers,...
[THE INVESTOR] Sales of imported commercial vehicles fell 27 percent last month from a year earlier on lower demand, a local automobile association said on Oct. 15. The number of newly registered imported commercial vehicles fell to 271 units in September from 367 a year ago, the Korea Automob...
[THE INVESTOR] Renault Samsung Motors on Oct. 15 launched the Master van in Korea as part of its effort to diversify its lineup. The Renault Master comes with a three-year power train and auto components‘ warranty for 100,000 kilometers, the company said in a statement. The Master S versi...
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