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 [...]
SEOUL, Aug. 22 (Korea Bizwire) –Kia Motors, the South Korean automaker, announced on August 21 a comprehensive plan to address safety concerns and boost customer confidence in its electric vehicles (EVs). The initiative, dubbed the Electric Vehicle Customer Care Plan, includes several key measures aimed at enhancing safety and transparency for Kia’s EV customers. Effective [...]
SEOUL, Aug. 22 (Korea Bizwire) –Car output fell more than 17 percent on-year in July due to weak domestic demand and partial strikes at some companies, industry data showed Thursday. According to the Korea Automobile & Mobility Association, the total production volume of five automakers last month totaled 290,910 units, down 17.6 percent from [...]
SEOUL, Aug. 21 (Korea Bizwire) – In a remarkable turnaround story, Hyundai Motor’s Turkish plant has transformed from a struggling venture to a vital hub in the automaker’s global operations, boasting an industry-leading utilization rate of 119.9% in the first half of this year. The Hyundai Assan Otomotive Sanayi (HAOS) facility, located in Izmit, Turkey, has [...]
SEOUL, Aug. 20 (Korea Bizwire) – KG Mobility Corp., a South Korean carmaker, on Tuesday launched a redesigned Actyon sport utility vehicle in the domestic market to boost sales. The Actyon SUV comes with a 1.5-liter gasoline turbocharged engine, a six-speed automatic transmission, and eight airbags, the company said in a statement. The revamped model [...]
SEOUL, Aug. 20 (Korea Bizwire) – Hybrid vehicles have demonstrated the lowest incidence of fires compared to vehicles of other fuel types over the past five years, according to recent data from the National Fire Agency of South Korea. The agency’s report on “Vehicle Fires by Fuel Type” shows that hybrid vehicles were involved in just [...]
SEOUL, Aug. 16 (Korea Bizwire) – Victims of a massive South Korean apartment complex fire that began from a Mercedes-Benz electric vehicle (EV) earlier this month have expressed discontent over the German automaker’s initial relief support pledge, claiming the promised amount is “absurdly insufficient” when compared with the actual total damage, sources said Friday. Last [...]
SEOUL, Aug. 15 (Korea Bizwire) – As concerns mount following an electric vehicle fire in an underground parking garage in Incheon, South Korean automakers and importers are taking steps to increase transparency about the batteries powering their vehicles. In response to government recommendations, several companies have begun publicly disclosing details about their battery suppliers. Volkswagen Group [...]
SEOUL, Aug. 14 (Korea Bizwire) – More foreign automotive brands on Wednesday disclosed battery supplier information of their electric vehicle models sold in South Korea, the latest in a series of disclosures amid safety concerns of EVs triggered by a massive vehicle fire earlier this month. On Aug. 14, Volkswagen Group Korea, the importer of [...]