SEOUL, April 29 (Korea Bizwire) — The rankings for sales of imported cars have undergone significant changes this year, with Mercedes-Benz, BMW, Audi, and Volkswagen no longer dominating the market. In the first quarter of this year, Volvo has overtaken Volkswagen to claim the fourth spot, while new players such as Lexus and Porsche are [...]
SEOUL, April 28 (Korea Bizwire) — Exports of passenger cars climbed 41 percent in the first quarter of 2023 from a year earlier to set a new record, data showed Friday, due to the robust overseas demand for eco-friendly vehicles. Carmakers in South Korea shipped passenger cars worth a combined US$15.4 billion over the January-March [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor has launched the 2023 Casper with a new trim and additional exterior colors. The new trim, “The Essential Light,” includes standard features such as heated and ventilated seats, push-button start, smart key, and leatherette seats. The Casper now has four trims: Smart, D-Essential Lite, D-Essential, and Inspiration. [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor Group has won 27 awards, including gold and main prizes, at the 2023 iF Design Awards organized by the International Forum Design in Germany. The awards were won in six categories, marking the highest number of awards ever won by the company. The IONIQ 6 won [...]
SEOUL, April 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday its first-quarter net profit more than doubled from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March jumped to 2.119 trillion won (US$1.58 billion) from 1.032 trillion won [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday its first-quarter net profit jumped 92 percent from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March rose to 3.42 trillion won (US$2.56 billion) from 1.78 trillion won during the same [...]
SEOUL, April 24 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s seventh-largest tiremaker by sales, said Monday it has started supplying tires for Chinese electric vehicle startup Leap Motor’s SUV model. Hankook Tire has been providing the high-performance Ventus S1 Evo3 ev product to Leap Motor’s C11 since the first quarter in the [...]
SEOUL, April 24 (Korea Bizwire) — A vehicle equipped with four-wheel steering successfully navigated an ordinary road. Hyundai Mobis Co., South Korea’s leading auto parts maker, on Sunday unveiled video footage of Hyundai Motor Co.’s all-electric IONIQ 5 SUV equipped with the e-corner system. The video demonstrated a variety of cruise modes. In the video, [...]
SEOUL, April 24 (Korea Bizwire) — The pandemic has boosted the consumption of video content such as films and TV series, and the cars that appear in these videos are gaining popularity. Netflix’s new Korean crime action series “Kill Boksoon” is notable for featuring the main character’s Mercedes-Benz G-Class. The four-wheel-drive vehicle is unique for [...]
BUSAN, April 22 (Korea Bizwire) — Renault Korea’s strong sales of the popular XM3 led to the company’s return to profitability last year. According to Renault Korea’s announcement on Saturday, the company achieved sales of 4.86 trillion won (US$3.65 billion), operating profit of 184.8 billion won, and net profit of 125.5 billion won in [...]