SEOUL, Jun. 25 (Korea Bizwire) — Over 6 out of 10 automobile owners consider choosing eco-friendly vehicles as their next car, a poll showed Tuesday. According to the poll conducted recently by consumer data platform Open Survey on 1,500 adults, 39.7 percent of car owners said they were considering a hybrid car primarily as their [...]
SEOUL, Jun. 25 (Korea Bizwire) – Hyundai Motor Company announced on June 24 that it has achieved the fastest time for a production electric vehicle at the prestigious Pikes Peak International Hill Climb in Colorado, held on June 23. The Pikes Peak International Hill Climb, often referred to as the “Race to the Clouds,” is the [...]
SEOUL/ULSAN, June 24 (Korea Bizwire) – Unionized workers of Hyundai Motor Co., South Korea’s leading automaker, on Monday overwhelmingly voted in favor of staging a strike following the collapse of annual wage negotiations between management and the union. Earlier this month, the union decided to call off further negotiations after holding the eighth round of [...]
SEOUL, Jun. 23 (Korea Bizwire) – South Korea’s car exports are forecast to reach a record high this year, driven by solid demand for eco-friendly models and sport utility vehicles, an industry association said Sunday. According to the Korea Automobile and Mobility Association (KAMA), the country’s car exports are projected to grow 5.4 percent on-year [...]
SEOUL, Jun. 23 (Korea Bizwire) – South Korean luxury automaker Genesis has taken a bold step into the world of high-performance driving experiences with the launch of its Genesis Track Taxi Nordschleife at Germany’s renowned Nürburgring circuit on June 21. The Track Taxi program allows enthusiasts to ride alongside professional drivers in specially tuned vehicles, experiencing [...]
SEOUL, Jun. 21 (Korea Bizwire) — Combined vehicle sales of Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, in Europe fell 4.9 percent in May from a year ago, industry data showed Friday. According to data from the European Automobile Manufacturers’ Association (ACEA), Hyundai and Kia sold a combined 92,196 units in Europe [...]
SEOUL, Jun. 20 (Korea Bizwire) – BMW Group Korea announced on June 20 that it will transform the BMW Driving Center located on Yeongjong Island in Incheon into a platform to convey the brand and product values. At an event commemorating the center’s 10th anniversary, BMW Korea unveiled its future vision based on the ‘Joy Next’ [...]
SEOUL, Jun. 20 (Korea Bizwire) — The South Korean government said Thursday it has carried out a probe into some imported vehicles made by Japanese automakers Toyota Motor Corp. and Yamaha Motor Co. in connection with their improper certification tests in their home country. Seoul’s Ministry of Land, Infrastructure and Transport said it has looked [...]
SEOUL, Jun. 19 (Korea Bizwire) – Hyundai Motor’s share price reached a historic peak on June 18, propelled by the anticipated effects of its Indian subsidiary’s initial public offering (IPO). Kia Motors, which had traded range-bound after its dividend payout following a March high, also surpassed its previous record, with both automakers setting new highs on [...]
SEOUL, June 18 (Korea Bizwire) – The expected entry of China’s BYD Auto Co. into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according [...]