SEOUL, Sept. 5 (Korea Bizwire) – Audi, once a dominant player in South Korea’s imported car market, is facing a series of challenges that threaten its position in the country. The German luxury automaker, previously part of the “Big Three” German premium brands alongside BMW and Mercedes-Benz, is grappling with plummeting sales and the closure of [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean automaker KG Mobility Corp. said Thursday it has partnered with general trading firm STX Corp. to supply over 2,000 Rexton Sports pickup trucks to the Peruvian Army by next year. Under the partnership, KG Mobility’s initial supply to the Peruvian Army will consist of around 400 units [...]
SEOUL, Sept. 4 (Korea Bizwire) – Volvo Trucks, the Swedish commercial vehicle manufacturer, is bringing its latest line of fuel-efficient heavy-duty trucks to the South Korean market. The company announced the domestic launch of its FH Aero lineup at a media briefing held on September 4 in Seongdong-gu, Seoul. The FH Aero is the latest iteration [...]
SEOUL, Sept. 4 (Korea Bizwire) — The automotive industry in South Korea is expected to see strong competition in the midsize sport utility vehicle (SUV) segment in the second half of the year amid new releases in the popular family leisure car market segment. Kia Corp. this week launched its revamped 2025 Sorento SUV with [...]
SEOUL, Sept. 3 (Korea Bizwire) – Hyundai Motor Company announced on September 3 the launch of EV Every Care Plus, a program designed to provide integrated management of customers’ electric vehicle lifestyles. The South Korean automaker stated that the program aims to alleviate concerns about electric vehicles and boost customer satisfaction, ultimately promoting the widespread adoption [...]
SEOUL, Sept. 1 (Korea Bizwire) – Exports of hybrid cars by Hyundai Motor Co. and its affiliate Kia Corp. jumped 35.2 percent on-year in the first seven months of this year, industry data showed Sunday. Hyundai Motor and Kia exported a total of 222,818 hybrid vehicles between January and July, compared with 164,851 units for [...]
SEOUL, Aug. 28 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Wednesday it plans to achieve an annual sales volume of 5.55 million vehicles in 2030. Hyundai Motor said the sales target represents a more than 30 percent increase compared to its annual sales figure for 2023. To this end, Hyundai Motor [...]
SEOUL, Aug. 25 (Korea Bizwire) – Electric vehicle models produced by South Korea’s Hyundai Motor Co. and Kia Corp. have received top ratings in major global car crash safety tests, according to the companies Sunday. According to the companies, five Hyundai and Kia EV models utilizing the E-GMP, Hyundai Motor Group’s proprietary EV platform, achieved [...]
SEOUL, Aug. 23 (Korea Bizwire) — Hyundai Motor Group said Friday it has been recognized by U.S. consumer data research firm J.D. Power as leading car brands in terms of technology experience among consumers in the American market in 2024. According to Hyundai, the company ranked first place for the fifth consecutive year among mass-market [...]
SEOUL, Aug. 23 (Korea Bizwire) – The Association of GM Korea Suppliers, representing a crucial link in the automotive manufacturing chain, issued an impassioned plea on August 22 for a rapid resolution to the ongoing labor negotiations at GM Korea, highlighting the severe financial strain placed on supplier companies due to prolonged partial strikes. In a [...]