SEOUL, Dec. 1 (Korea Bizwire) — Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., voted down a tentative wage deal for the year amid the COVID-19 pandemic, the company said Tuesday. In a vote held from Monday to Tuesday, 54 percent of 7,364 union workers rejected the tentative deal, [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 5 percent last month from a year earlier as the coronavirus outbreak continued to sap demand around the globe, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hyundai Motor Co.’s premium brand Genesis said Thursday that it will develop and apply a new biometric technology that can improve both convenience and safety for its GV70 SUV that is scheduled to be rolled out in mid-December. This is not the first time for Genesis to apply biometric [...]
SEOUL, Nov. 26 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday they are set to export over 100,000 electric vehicles this year on growing demand for environment-friendly cars. Hyundai and Kia shipped a combined 98,505 EVs from January to October, jumping 71 percent from 57,517 units during the same [...]
SEOUL, Nov. 25 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it has reached a tentative wage deal for the year to focus on production amid the COVID-19 pandemic. Under the tentative agreement, GM Korea will provide 4 million won (US$3,600) per union worker in performance-based pay [...]
SEOUL, Nov. 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea jumped 21 percent last month from a year earlier on robust sales of Scania and Mercedes-Benz trucks, an industry association said Tuesday. The number of newly registered imported commercial vehicles rose to 474 units in October from 392 a year ago, [...]
SEOUL, Nov. 22 (Korea Bizwire) — Environmentally friendly cars, such as electric vehicles (EVs) and hydrogen-powered cars, make up more than 3 percent of the total vehicles registered in South Korea, a report from the country’s transport ministry showed Sunday. There were 766,464 green vehicles registered in South Korea as of end-October, accounting for 3.16 [...]
SEOUL, Nov. 19 (Korea Bizwire) — An executive of General Motors Co., the parent company of GM Korea Co., said it could withdraw from South Korea if workers at the Korean unit continue to go on strike for wage hikes amid the COVID-19 pandemic, a news report said Thursday. GM Korea workers have been staging [...]
SEOUL, Nov. 19 (Korea Bizwire) — A group of 170 owners of Kona Electric model has sued Hyundai Motor Co. for a series of fires accidents that has tarnished the model’s reputation and lowered the vehicle’s overall value. The group submitted the lawsuit to Seoul Central District Court last week, calling on the company to [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korean battery makers are struggling as global automobile manufacturers are choosing to issue recalls for their electric vehicles (EVs). The U.S. automotive giant General Motors Co. reportedly made a decision to recall 68,000 Bolt EVs manufactured between 2017 and 2019. Bolt EV uses batteries made at LG Chem [...]