SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Wednesday unveiled the exterior design of the Sonata N Line model as it strives to boost sales amid the coronavirus outbreak. The Sonata N Line model comes with a 2.5-liter gasoline turbocharged engine. Its parametric-jewel-pattern grille and three air intake holes [...]
SEOUL, Sept. 21 (Korea Bizwire) — Hyundai Motor Co. and its labor union agreed Monday to freeze wages for the first time in 11 years as the carmaker struggles to ride out the impact of the coronavirus pandemic. The two sides reached a wage deal without a strike for the second consecutive year, the company [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s exports of automobiles plunged nearly 16 percent in August from a year earlier, data showed Friday, due mainly to the global virus pandemic dealing a harsh blow to consumer sentiment around the world. Local carmakers shipped 136,538 units of cars overseas last month, down 15.8 percent from [...]
SEOUL, Sept. 16 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker, said Wednesday it will raise the sales ratio of electric vehicles to 25 percent by 2029 by launching dozens of new models in global markets. Kia has sold more than 100,000 units of the Ray, Soul and Niro EV since 2011. “The [...]
SEOUL, Sept. 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday that it has exported four units of a hydrogen fuel cell system to Europe, paving the way for further shipments of the environmentally friendly energy solution. The hydrogen fuel cell system will be delivered to GRZ Technologies Ltd., a Switzerland-based company specializing in energy [...]
SEOUL, Sept. 15 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it plans to launch the new Tuscon SUV in the domestic market next month to boost sales amid the prolonged coronavirus outbreak. The fourth-generation Tucson SUV comes with a 1.6-liter gasoline turbocharged engine, a 1.6 turbocharged gasoline hybrid engine or a 2.0 diesel engine, [...]
SEOUL, Sept. 7 (Korea Bizwire) – Rolls-Royce Motor Cars, the luxury car brand under BMW Group, on Monday launched the all-new Ghost sedan in South Korea to capture growing demand for high-end models. The launch of the New Ghost in South Korea marked its first debut in the Asia-Pacific region following its global unveiling on [...]
SEOUL, Sept. 7 (Korea Bizwire) — Automakers are gaining attention after appointing popular celebrities as brand ambassadors, despite the lack of in-person interaction with consumers following the coronavirus outbreak. Hyundai Motor Co. has appointed K-pop sensation BTS as brand ambassadors for IONIQ, Hyundai’s EV brand. The company recently unveiled a song and music video titled [...]
SEOUL, Sept. 6 (Korea Bizwire) — Hyundai Motor Co.’s average sales price for its vehicles has increased sharply in South Korea over a span of one-and-a-half years, a report showed Sunday, on the back of its new luxury models. The average sales price (ASP) of Hyundai vehicles in South Korea was 33.4 million won (US$28,100) [...]
SEOUL, Sept. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 21 percent in August from a year earlier due to strong demand for German cars, an industry association said Thursday. The number of newly registered foreign vehicles rose to 21,894 units last month from 18,122 a year earlier, the Korea Automobile [...]