SEOUL, May 28 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has hired a former Porsche engineer who led the development of the luxury sports car brand’s first electric vehicle (EV), Taycan, as it strives to further improve its vehicles’ performance. The South Korean carmaker has appointed Manfred Harrer as executive vice president and [...]
SEOUL, May 27 (Korea Bizwire) – The South Korean Ministry of Land, Infrastructure and Transport has announced plans to launch a pilot program for a new “smart toll” system on the nation’s highways, an initiative launched in collaboration with the Korea Expressway Corporation. The trial, slated to commence on May 28 for a one-year period, aims [...]
SEOUL, May 26 (Korea Bizwire) – Volkswagen Group Korea has embraced its role as a corporate citizen by establishing a nonprofit foundation to commemorate two decades in the South Korean auto market. On May 23, the company, led by President and CEO Till Scheer, announced the launch of the Volkswagen Group WE: Foundation, a philanthropic [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, has said it plans to boost its investment in electric vehicle (EV) parts and automotive chips this year. The auto parts arm of Hyundai Motor Group unveiled its plan during the Mobis Mobility Day in Silicon Valley on Thursday (U.S. [...]
SEOUL, May 26 (Korea Bizwire) – Lee Sang-hyeok, the world-renowned esports pro gamer known as Faker, has turned heads by regularly receiving luxury foreign cars as gifts from sponsors like BMW, highlighting the lucrative endorsement deals available to elite competitors. Faker, 26, is the star player for T1, the esports team owned by the [...]
SEOUL, May 23 (Korea Bizwire) – Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it will launch its third battery-powered model in the domestic market in July as part of its future mobility solutions roadmap. Kia plans to receive preorders for the EV3 SUV, the third pure electric vehicle model after the EV6 [...]
SEOUL, May 23 (Korea Bizwire) – Hyundai Motor Company’s shares surged 9% on May 22 as the automaker showcased its ambitions in hydrogen-powered vehicles and clean transportation systems at an industry expo in Las Vegas. The company’s stock closed at 277,000 won, rising 24,000 won or 9.49% from the previous day’s close. In late trading, Hyundai’s [...]
SEOUL, May 22 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to order Renault Korea Motors Co. to take corrective steps for excessively charging its dealerships for urgent orders of auto parts. The South Korean unit of Renault S.A. had levied a combined 394.64 million won (US$289,935) in penalties against 305 authorized dealerships between June 2012 and December [...]
SEOUL, May 22 (Korea Bizwire) – The Kia Carnival minivan, once renowned as the quintessential family vehicle for road trips and camping, took the top spot for corporate vehicle registrations in South Korea during the first quarter of 2024. This marks the first time the Carnival has claimed the number one position on a quarterly basis. [...]
SEOUL, May 20 (Korea Bizwire) – In a testament to its exceptional design and performance, Kia’s EV6 has outperformed the Volkswagen ID.5 GTX in a recent comparative evaluation conducted by the renowned German automotive publication Autobild. Widely regarded as one of Germany’s top three automotive magazines, alongside Auto Motor und Sport and Auto Zeitung, Autobild [...]