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Volkswagen Exec Visits Seoul Prosecutors’ Office, Apologizes

Volkswagen Exec Visits Seoul Prosecutors’ Office, Apologizes

SEOUL, Jan. 18 (Korea Bizwire) – A senior executive of German carmaker Volkswagen visited Seoul prosecutions’ office on Wednesday and apologized to South Korean customers for the emissions scandal surrounding some of its vehicles.  Francisco Javier Garcia Sanz, a member of Volkswagen AG’s Board of Management, visited the Seoul Central District Prosecutors’ Office to discuss [...]

Korea Sets New Milestone in EV Sales

Korea Sets New Milestone in EV Sales

SEOUL, Jan. 18 (Korea Bizwire) – The total number of EVs registered by the government surpassed 10,000 in 2016, setting a new milestone and taking another step forward towards a greener automotive industry.  According to the Ministry of Land, Infrastructure and Transport, there were 10,855 electric vehicles officially registered as of the end of last [...]

Hyundai Motor Says “May Consider” Expanding U.S. Factory, but Only If Necessary

Hyundai Motor Says “May Consider” Expanding U.S. Factory, but Only If Necessary

SEOUL, Jan. 17 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Group may consider building additional production facilities in the United States, but only when or if a future rise in demand there requires it to do so, group officials said Tuesday.  The remarks came after foreign news outlets, citing Hyundai Motor Group President [...]

Vehicle Registration Grew 3.9 Pct in 2016: Ministry

Vehicle Registration Grew 3.9 Pct in 2016: Ministry

SEOUL, Jan. 17 (Korea Bizwire) – The number of registered vehicles in South Korea continued to grow, nearing 22 million in 2016, the government said Tuesday.  Car registrations came to 21,803,351 units as of end-2016, up 3.9 percent or some 813,000 from a year earlier, according to the Ministry of Land, Infrastructure and Transport.  The [...]

Benz Korea to Expand Dealership, After Sales Services: Psillakis

Benz Korea to Expand Dealership, After Sales Services: Psillakis

SEOUL, Jan. 16 (Korea Bizwire) – Mercedes-Benz will launch six new vehicle models in South Korea this year while expanding local dealerships and service centers as part of efforts to further increase its market presence here, head of the company’s local unit said Monday.  Dimitris Psillakis, CEO of Mercedes-Benz Korea, said the company planned to [...]

S. Korea Approves Volkswagen’s Recall Plan on Faked Emissions Vehicles

S. Korea Approves Volkswagen’s Recall Plan on Faked Emissions Vehicles

SEJONG, Jan. 12 (Korea Bizwire) – The South Korean government said Thursday it has approved German carmaker Volkswagen’s recall measures for its sports utility vehicles that were found to have been sold in the country using fake emissions-related documentation.  The Ministry of Environment said the recall plan for 27,000 Tiguans submitted by the auto giant [...]