SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, has temporarily shut down its key plant in southwestern China, the company said Tuesday, amid sluggish sales in one of the world’s largest markets. The factory in the southwestern city of Chongqing has suspended its operations since the beginning of this year [...]
SEOUL, Feb. 21 (Korea Bizwire) — A court has ruled in favor of GM Korea Co., the South Korean unit of General Motors Co., in a lawsuit filed against the government’s decision to retrieve its subsidy provided for a facility the carmaker disposed of in 2019, sources said Monday. The suit was filed by GM [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korean cars are showing outstanding performance in the Australian market. As the local economy is the recovery from the pandemic, various marketing strategies have worked in boosting imports. The Korea Automobile Manufacturers Association reported that a total of 137,547 South Korean automobiles were exported to Australia last year, [...]
SEOUL, Feb. 15 (Korea Bizwire) — Volvo Car Korea Co. on Tuesday launched the Volvo brand’s first pure electric model, the C40 Recharge SUV, as part of the Swedish carmaker’s electrification push. The C40 Recharge is one of seven all-electric models to be released by Volvo Cars by 2030. The Swedish carmaker aims to become [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s automobile exports fell more than 6 percent in January from a year earlier due to a global shortage of automotive chips and a high base effect, data showed Tuesday. Outbound shipments of automobiles came to 179,709 units last month, down 6.4 percent from the previous year, according [...]
SEOUL, Feb. 15 (Korea Bizwire) — Collaboration between automakers and fashion companies is actively underway in recent days, with the range and pattern of such collaboration becoming more diverse. Kia Corp., South Korea’s second-largest automaker, joined hands with outdoor brand Eider last month to release a limited edition of the shoe ‘Quantum Niro.’ This shoe [...]
SEOUL, Feb. 14 (Korea Bizwire) — The Seoul city government said Monday it will pay subsidies to buyers of about 14,200 electric vehicles during the first half, as part of its bid to support the purchase of 27,000 electric vehicles for the whole year. The Seoul government had supplied 52,400 electric vehicles for 13 years [...]
SEOUL, Feb. 14 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Monday it has added the Traverse High Country sport utility vehicle to its lineup to boost sales amid the extended COVID-19 pandemic. The Traverse SUV’s top trim model is being manufactured in GM’s Lansing Delta Township plant [...]
SEOUL, Feb. 11 (Korea Bizwire) — Volvo Trucks Korea said Friday it will launch a large-size electrified truck in 2023 as it seeks to cement its leading status in the local imported truck market. The Swedish truck maker sold 2,000 trucks in Korea last year, accounting for 40 percent of the imported truck market. It [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s Kia Corp. topped all rivals for the first time in the mass-market and premium brand segments in this year’s consumer reliability study, Hyundai Motor Group said Friday. Kia ranked first overall in J.D. Power’s 2022 U.S. Vehicle Dependability Study (VDS), with its bigger affiliate Hyundai and Hyundai’s [...]