SEOUL, June 8 (Korea Bizwire) — POSCO International Corp. said Thursday it has clinched an additional contract with Hyundai Motor Co. to supply 2.5 million units of a key auto component for electric vehicles (EVs), raising the total orders from Hyundai to 6.85 million. POSCO Mobility Solution, a subsidiary of POSCO International, will supply the [...]
SEOUL, June 8 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will launch the all-electric Cadillac LYRIQ SUV later this year in line with its parent firm’s electrification plan. Lyriq is GM’s luxury Cadillac brand’s first electric model and is powered by GM’s Ultium EV battery [...]
SEOUL, June 6 (Korea Bizwire) — Hyundai Motor Co. and IKEA Korea announced Monday their joint space marketing exhibition, “Green For-rest,” which will run until Sunday. The exhibition is taking place in the outdoor garden of IKEA Korea’s flagship store in Gwangmyeong, southwest of Seoul, and features eco-friendly Hyundai vehicles alongside IKEA’s home furnishing ideas. [...]
SEOUL, June 5 (Korea Bizwire) — Toyota Motor Korea on Monday launched the flagship Crown crossover as it beefs up its product lineup to boost sales, which remained weak for years due to trade tension between Seoul and Tokyo. The Crown crossover utility vehicle (CUV) comes with two power trains, one with a 2.4-liter dual [...]
SEOUL, June 5 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Monday it has hired a former BMW exterior designer in the latest move to strengthen its design capabilities. John Buckingham began serving as head of Kia Next Design Exterior Group on June 1 after spending 18 years as exterior designer [...]
SEOUL, June 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.2 percent last month from a year earlier due mainly to lack of supplies in some brands, an industry association said Monday. The number of newly registered imported vehicles came to 21,339 units in May, down from 23,512 units a year [...]
SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. on Friday launched the face-lifted Palisade sport utility vehicle in the domestic market ahead of its shipments to the United States and emerging markets later this year. The upgraded Palisade comes with strengthened safety features, including the blind collision warning and rear cross-traffic collision-avoidance assist systems, [...]
SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 21 percent in May from a year earlier on strong demand for their sport utility vehicles. Last month, Hyundai and Kia sold 141,498 vehicles in the world’s most important automobile market, [...]
SEOUL, June 1 (Korea Bizwire) — Hyundai Motor Group said Thursday it has completed its first overseas hydrogen fuel-cell systems plant in China in a move to make inroads into the local hydrogen vehicle market. In March 2021, Hyundai Motor began construction of the HTWO Guangzhou hydrogen fuel-cell systems plant with an annual capacity of [...]
SEOUL, June 1 (Korea Bizwire) — Italian carmaker Ferrari on Thursday opened the Universo Ferrari exhibition for the first time in Asia in South Korea as it sees further growth potential in Asia’s fourth-biggest economy. Ferrari will showcase 22 models, including 19 cars and three prototypes, in the exhibition to be held from Thursday to [...]