SEOUL, Jan. 4 (Korea Bizwire) –Stellantis Korea announced the launch of the new 2024 Wrangler, an updated version of Jeep’s flagship off-road vehicle, at a press briefing on January 3. The new Wrangler is a partial model change of the fifth-generation Wrangler, first introduced in 2017. Known as the epitome of off-road vehicles, the Wrangler [...]
SEOUL, Jan. 3 (Korea Bizwire) – In a remarkable performance, Hyundai Motor Co., South Korea’s largest carmaker, reported a 6.9 percent surge in 2023 sales compared to the previous year. Bolstered by the introduction of new sport utility vehicle models and eco-friendly cars, Hyundai Motor achieved a total sales figure of 4,216,680 vehicles, showcasing the [...]
SEOUL, Jan. 3 (Korea Bizwire) –In 2023, Renault Korea Motors, the South Korean unit of Renault S.A., faced significant challenges as its sales plummeted by over 38 percent compared to the previous year. The company reported selling 104,276 vehicles during the year, citing weak demand for its models both domestically and internationally. Domestic sales for [...]
SEOUL, Dec. 26 (Korea Bizwire) –South Korea’s Hyundai Motor Co. on Tuesday launched the facelifted G80 sedan under its independent Genesis brand in the domestic market to compete with bigger German rivals. The latest model, the upgraded version of the third-generation G80, which debuted in March 2020, is aimed at attracting customers away from [...]
SEOUL, Dec. 25 (Korea Bizwire) – The average unit price of South Korean car exports is expected to hit an all-time high in 2023 thanks to stellar overseas demand for sport utility vehicles (SUVs) and electric vehicles (EVs), industry data showed Monday. In the first 11 months of this year, South Korea exported a total [...]
SEOUL, Dec. 24 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles (EVs), data showed Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the January-November period, compared with [...]
SEOUL, Dec. 22 (Korea Bizwire) – 42dot, Hyundai Motor Group’s global software research startup, plans to showcase its vision of software-defined vehicles (SDV) and related technologies at next month’s CES 2024, the company said Friday. 42dot said it plans to unveil its advanced SDV technology focusing on data and artificial intelligence (AI) that can operate [...]
SEOUL, Dec. 21 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading car maker, has decided to end operations of its parts forging plants in Ulsan, according to industry sources Thursday. The company plans to end operations of two forging plants in Ulsan, about 300 kilometers southeast of Seoul, with one closing in January and [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Thursday it will reveal its future blueprint for hydrogen energy, software and artificial intelligence at next month’s CES 2024. Hyundai Motor shared a teaser image for its media event scheduled to be held Jan. 8 at the Mandalay Bay Convention Center [...]
SEOUL, Dec. 19 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, said Tuesday it decided to sell its Russian manufacturing plant, which has been suspended due to the impact of the Russia-Ukraine war. The company said in a regulatory filing that the sale of Hyundai Motor Manufacturing Rus LLC in Saint Petersburg, Russia, was approved in an extraordinary board meeting held earlier in the day. The board also decided to sell General Motors [...]