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Q1 Auto Exports Up 17 pct on Increased Demand for SUVs, Eco-friendly Cars

Q1 Auto Exports Up 17 pct on Increased Demand for SUVs, Eco-friendly Cars

SEOUL, April 13 (Korea Bizwire) — South Korea’s exports of automobiles shot up nearly 17 percent in the January-March period from a year earlier, data showed Tuesday, on the back of rising demand for premium automobiles, including SUVs and eco-friendly cars. Outbound shipments of automobiles reached 555,430 units in the first quarter, compared with 475,165 [...]

Hyundai Unveils All-new Minivan Staria

Hyundai Unveils All-new Minivan Staria

SEOUL, April 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Tuesday unveiled the all-new minivan Staria, two days ahead of its domestic sale. The Staria multipurpose vehicle comes with a 2.2-liter diesel engine or a 3.5-liter liquefied petroleum gas engine, Hyundai said in a statement. The Staria is available either as [...]

Hyundai to Suspend Production at Plant Without Cutting Employee Wages

Hyundai to Suspend Production at Plant Without Cutting Employee Wages

SEOUL, April 13 (Korea Bizwire) — Hyundai Motor Co. has disclosed that it will temporarily suspend production at its Asan plant in South Chungcheong Province for two days on Monday to Tuesday due to difficulty in procuring automotive chips. Despite the production suspension, however, plant workers will still be paid their full wages, raising some [...]

Genesis to Launch Sedan, SUV in China

Genesis to Launch Sedan, SUV in China

SEOUL, April 2 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Co., said Friday it will debut its flagship sedan and sports utility vehicle (SUV) in China to target the high-end segment in the world’s largest vehicle market. Genesis showcased G80 sedan and GV80 SUV in a media event in Shanghai, which [...]