SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s exports of automobiles rebounded in September to snap a decline of five consecutive months on the back of improved shipments to North America, data showed Monday. Local carmakers shipped 193,081 units of cars overseas last month, up 14.8 percent from a year earlier, according to the data [...]
SEOUL, Oct. 18 (Korea Bizwire) — Tesla Motors Inc. posted explosive sales growth in South Korea this year on the back of growing appetite for electric vehicles and fat subsidies, industry data showed on Sunday. Tesla sold a total of 10,518 vehicles here from January to September, accounting for a whopping 79.6 percent of the [...]
SEOUL, Oct. 14 (Korea Bizwire) — Bentley Motors Korea said Wednesday its vehicle sales could reach a record high next year, helped by robust sales of its luxury models, despite the new coronavirus pandemic. Bentley Motors Korea said it plans to launch the FlyingSpur V8 luxury sedan and the facelifted Bentayga V8 sport-utility vehicle in [...]
SEOUL, Oct. 14 (Korea Bizwire) — Hyundai Motor Group’s longtime heir Chung Euisun on Wednesday officially took over the helm at the South Korean auto giant as it pushes to morph into a future mobility solutions provider. The group’s three major affiliates — Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co. — held [...]
SEOUL, Oct. 13 (Korea Bizwire) — Chung Euisun, heir apparent of Hyundai Motor Group, will be promoted to the position of chairman this week, sources said Tuesday, as the automotive group seeks to further push its future mobility drive under the new leader. Chung, who currently serves as executive vice chairman, is expected to be [...]
SEOUL, Oct. 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Tuesday it has started the construction of an innovation lab in Singapore to explore new mobility business opportunities. Hyundai Motor plans to build the Hyundai Mobility Global Innovation Center in Singapore by 2022 as it aims to explore business ideas and [...]
SEOUL, Oct. 13 (Korea Bizwire) — Kia Motors Corp. and two other South Korean carmakers have yet to reach wage deals with their unions for this year, with the new coronavirus outbreak still a major concern for the automotive industry. Of the country’s five carmakers, Hyundai Motor Co. and SsangYong Motor Co. and their unions [...]
SEOUL, Oct. 13 (Korea Bizwire) – Amid Hyundai Motor Co.’s official decision to enter the used car dealership market, a high ranking company official made a half-truth comment about the initiative, sparking controversy. Kim Dong-wook, senior vice president of Hyundai Motor, said during an appearance at the parliamentary inspection of the Trade, Industry, Energy, SMEs [...]
SEOUL, Oct. 11 (Korea Bizwire) — Hyundai Motor Co. has decided to voluntarily recall its Kona all-electric models sold overseas, industry insiders said Sunday, after the automaker vowed to take the same step on the home turf over potential battery fire risks. Hyundai will globally recall some 77,000 Kona Electric models manufactured between September 2017 [...]
SEOUL, Oct. 8 (Korea Bizwire) — Hyundai Motor Co. will voluntarily recall over 25,000 Kona all-electric models for a faulty battery cell component, the transport ministry said Thursday. Hyundai will recall 25,564 Kona Electric models manufactured between Sept. 29, 2019, and March 13, 2020, as a possible short circuit in the faulty battery cell system [...]