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Kia Motors on Aug, 19 launched the upgraded Sportage sport utility vehicle in the domestic market as it strives to strengthen its SUV lineup. The facelifted Sportage comes with a 2.0-liter gasoline engine, 1.6-liter and 1.0-liter diesel engines, which satisfy Euro 6 standards, Kia said in a sta...
As the longest-serving CEO in the local auto importer community, the German marketing expert has been lauded for service innovation, CSR In the trendy industry of luxury automobiles -- particularly in a country where the market is highly volatile, depending on social and even political factors -- ...
Amid a nationwide boycott of Japanese goods, including fashion items, household products and cars, sales of Japanese vehicles waned last month, while sales increased for German carmakers, industry data showed Sunday. According to the Korea Automobile Importers and Distributors Association, Japane...
SsangYong Motor said on Aug. 6 it is considering some belt-tightening measures due to increased losses. In a letter sent to employees last week, SsangYong Motor President and CEO Yea Byung-tae said the company will begin discussing a set of cost-cutting measures, including reducing the number o...
Imported vehicle sales in South Korea fell 5.2 percent in July due to a slump in sales of Japanese vehicles amid trade tensions with Japan, industry data showed Aug. 5. The number of newly registered foreign vehicles stood at 19,453 last month, down from 20,518 a year earlier, according to the ...
Hyundai Motor said Aug. 1 its sales rose 1.6 percent last month from a year earlier on increased overseas sales. It sold 352,468 vehicles in July, up from 346,865 units a year earlier, the company said in a statement. Domestic sales fell 0.1 percent to 60,286 units last month from 60,367 a year...
South Koreans in their 40s who used to comprise the bulk of car buyers are no longer the largest consumer group, according to the latest data released Aug. 1. Now those in their 50s are the top car buyers, according to data from Korea Automobile Manufacturers Association. They bought 143,542 vehic...
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 won a year earlier, Kia said in a statement. “The won’s weakness against the US dollar was th...
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 model comes with a six-speed automatic transmission and a solar roof, and it boasts a fuel economy of ...
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 plans by local and overseas carmakers and importers of foreign vehicles. The four companies, inc...
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 month, Kia unveiled the entry SUV model in India. “The Seltos is unrivaled in terms of design and p...
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 carmakers exported 196,000 eco-friendly vehicles in 2018, surging from 35,000 units in 2012. Eco-fri...
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 -- Hyundai Motor, Kia Motors, SsangYong Motors, Renault Samsung and General Motors -- a total of 303,315 RVs...
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 first week of July. When the Korea Herald drove the 620d GT on the 40 kilometer route from Seoul St...
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 Ju-ho, 48, as vice president and head of Hyundai Design Innovation Group, as it expects his experien...
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