SEOUL, Oct. 10 (Korea Bizwire) – A group of 24 Mercedes-Benz electric vehicle owners, including the owner of an EQE model that caught fire in an underground parking lot in Incheon last August, have filed a class-action lawsuit against the German automaker and its affiliates. The lawsuit, announced on October 10 at a press conference in [...]
SEOUL, Oct. 10 (Korea Bizwire) – Porsche Korea announced on October 10 the official launch of its new third-generation Panamera Turbo E-Hybrid, a high-performance luxury sedan that promises improved driving dynamics and efficiency. The new model, which replaces the previous Turbo S variant, combines a powerful combustion engine with an advanced electric motor, reflecting the auto [...]
SEOUL, Oct. 10 (Korea Bizwire) — The Indian subsidiary of Hyundai Motor Co. is seeking to raise up to 4.4 trillion won (US$3.26 billion) through an initial public offering (IPO), according to the carmaker Thursday. Hyundai Motor Co. said in a regulatory filing to the South Korean Financial Supervisory Service that the price band for [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hyundai’s high-performance electric vehicle, the Ioniq 5 N, has received overwhelmingly positive reviews in a comparison test against Tesla’s competing model, according to a recent poll by a British automotive magazine. Car Magazine, a respected publication in the UK automotive press, released a YouTube video on September 18 featuring a [...]
SEOUL, Oct. 8 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it will host a unique motorsport event in partnership with Toyota Motor Co. later this month in South Korea featuring high-performance models and racing vehicles from both companies. The Hyundai N x Toyota Gazoo Racing Festival will be held at Everland Speedway in Yongin, [...]
SEOUL, Oct. 8 (Korea Bizwire) – A concerning number of traffic accidents have occurred while vehicles were operating under Adaptive Cruise Control (ACC), a feature designed to maintain a set speed and distance from the car ahead, according to recent data from the Korea Expressway Corporation. The report, released on October 7 by Democratic Party lawmaker Park [...]
SEOUL, Oct. 7 (Korea Bizwire) — The top three bestselling car models in South Korea during the first nine months of the year were all found to be those of Kia Corp., industry data showed Monday. According to industry sales data, Kia dominated the top three spots in cumulative domestic sales during the January-September period. [...]
SEOUL, Oct. 6 (Korea Bizwire) – Vehicle sales of Hyundai Motor Co. and Kia Corp. in Singapore have more than doubled in the first half of 2024 from a year ago following the establishment of their new cutting-edge mobility plant last year, the companies said Sunday. New car registrations for Hyundai and Kia vehicles in [...]
SEOUL, Oct. 6 (Korea Bizwire) – Over 60 percent of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed Sunday, raising calls for companies to consider more balanced global export strategies. According to industry data, exports of the five automotive firms with manufacturing bases in South Korea [...]
SEOUL, Oct. 6 (Korea Bizwire) – The South Korean units of Mercedes-Benz Group AG and Volkswagen Group plan to provide information regarding the battery management system (BMS) of their electric vehicle (EV) models to the local transport safety authority, according to officials Sunday. According to a Korea Transportation Safety Authority (KTSA) report submitted to Rep. [...]