SEOUL, Oct. 5 (Korea Bizwire) — BMW Group on Thursday launched its new 5 series sedan for the first time in South Korea, reflecting the importance of the market for the German carmaker. The new 5 series is available in three versions — a gasoline or a diesel-powered engine, or an electric power train, BMW [...]
SEOUL, Oct. 2 (Korea Bizwire) – Honda Korea Co. is beefing up its product lineup to revive sales after they plunged nearly 70 percent in the January-August period from a year earlier due mainly to a lack of new models. Honda Korea Co. has recently launched two all-new models — the 3.5-liter gasoline-powered Pilot and [...]
SEOUL, Sept. 30 (Korea Bizwire) –Hyundai Motor Group’s special electric vehicle platform, E-GMP, has achieved impressive sales of over 500,000 units. Both Hyundai and Kia reported that they collectively sold 517,290 electric vehicles using the E-GMP platform globally. This achievement began in 2021 when the first model, the Hyundai Ioniq 5, hit the market and [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will launch the face-lifted GV80 SUV and the first coupe model under its independent Genesis brand in the domestic market next month as it beefs up its lineup. Hyundai Motor launched the first-generation GV80 SUV in January 2020 and has since [...]
SEOUL, Sept. 26 (Korea Bizwire) – Hyundai was named the brand that Indian dealers are most satisfied with. On Tuesday, Hyundai Motor Company announced that it secured the top spot in the overall automobile brand category in the 2023 Dealer Satisfaction Survey conducted by the Federation of Automobile Dealers of India (FADA). They surveyed 1,821 [...]
SEOUL, Sept. 25 (Korea Bizwire) – In the Korean automotive industry, there’s a big debate about something called “employment inheritance clauses.” Recently, Hyundai Motor successfully completed five years of wage and collective bargaining discussions without any interruptions. But Kia is currently facing a tough battle in negotiations with its labor union. In this year’s wage talks, [...]
SEOUL, Sept. 24 (Korea Bizwire) – Kia Corp.’s EV6 GT topped this year’s evaluation of electric vehicle models by a leading German automotive magazine, Auto Motor Und Sport, beating Ford Motor Co.’s Mustang Mach-E SUV, Hyundai Motor Group said Sunday. Hyundai Motor Co.’s independent Genesis brand’s GV60 SUV ranked second in the competitive EV evaluation [...]
SEOUL, Sept. 21 (Korea Bizwire) – KG Mobility, formerly known as SsangYong Motor Co., said Thursday it is “on track” to achieve an operating profit for the year helped by increased exports of the Torres SUV. Given KG Mobility already shifted to an operating profit in the first half, it is set to report a [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor Group said Wednesday it will speed up the construction of its electric vehicle (EV) and battery plant in the United States to benefit from tax credits for locally produced EVs. Hyundai President and Global Chief Operating Officer Jose Munoz made the remarks in Atlanta after the South [...]
SEOUL, Sept. 17 (Korea Bizwire) – Hyundai Motor Co. said Sunday the accumulated sales of its Genesis brand models exceeded 1 million units as of August, reaching the milestone in around eight years since the brand’s inception. The South Korean carmaker sold 690,177 units of the models in the domestic market, along with 318,627 units [...]