SEOUL, May 29 (Korea Bizwire) — General Motors’ South Korean unit has announced plans to sell off domestic service centers and production facilities, fueling renewed speculation that the Detroit-based automaker may be preparing to wind down its presence in the country. On Thursday, GM Korea informed employees of its decision to divest nine company-owned service [...]
SEOUL, May 28 (Korea Bizwire) — A South Korean research team has unveiled a new software tool that securely deletes personal information stored in vehicle systems, aiming to mitigate privacy risks associated with secondhand car sales. Dankook University announced Wednesday that it has developed the “ACAT Privacy” program in partnership with vehicle forensics firm CP6. [...]
SEOUL, May 28 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will dispose of non-core assets and directly managed service centers as part of its efforts to sustain operations amid weak demand for its vehicles. In response to a rapidly evolving industry landscape and global business [...]
YEONGJONGDO, South Korea, May 26 (Korea Bizwire) — Volkswagen has officially launched its full-size Atlas SUV in the South Korean market for the first time, signaling a renewed push to bolster its position amid declining sales. At a media event held on May 26 at Studio Paradise in Yeongjongdo, Volkswagen Korea introduced the new Atlas, [...]
LEIPZIG, Germany, May 23 (Korea Bizwire) — Intensifying trade uncertainties, including tariff wars, have a great impact on the global transport industry, which has no choice but to “adapt” to the changed situation, the chief of the inter-organizational transport body said Friday. “(The global trade war) has an impact on what kind of goods we [...]
SEOUL, May 18 (Korea Bizwire) — Kia’s flagship electric SUV, the EV9, continues to earn top marks in global automotive comparisons, outscoring luxury competitors such as Volvo, Mercedes-Benz, and Audi in recent performance and value assessments by leading German automotive publications. German automotive magazine Auto Bild recently conducted a head-to-head evaluation of the Kia EV9 GT-Line [...]
SEOUL, May 14 (Korea Bizwire) — Kia Corp. said Tuesday it has partnered with the Indian Institute of Technology (IIT) Tirupati to cooperate in fostering local engineering talent and enhancing future mobility capabilities in the South Asian nation. Under their memorandum of understanding signed Friday, the South Korean automaker will invest 350 million rupees (US$4.1 [...]
SEOUL, May 13 (Korea Bizwire) — Kia Corp. said Tuesday it has unveiled the PV5 wheelchair-accessible vehicle (WAV) at the Future of the Car Summit in London, highlighting the company’s efforts to promote inclusive mobility. Showcased at the automotive industry event hosted by the Financial Times, the PV5 WAV is designed to enhance freedom of [...]
SEOUL, May 13 (Korea Bizwire) — KG Mobility Corp. said Tuesday it has partnered with Indonesia’s state-run defense company PT Pindad to collaborate on a national car and electric bus project for the Southeast Asian country. The South Korean automaker said it signed a heads of agreement (HOA) with PT Pindad at the latter’s headquarters [...]
SEOUL, May 9 (Korea Bizwire) — Hyundai Motor Co.’s Ioniq 9 and Kia Corp.’s EV3 have been named the best models in their respective categories at this year’s TopGear.com Electric Awards, Hyundai Motor Group said Friday. With the latest recognition, the South Korean automotive group has received awards for five Hyundai vehicles and two Kia [...]