SEOUL, March 22 (Korea Bizwire) — British carmaker INEOS Automotive Ltd. said Wednesday it will launch the Grenadier pickup truck in South Korea later this year after showcasing it to the public at the Seoul Motor Show set to open late this month. Ahead of the planned launch, INEOS Automotive unveiled its first model, the [...]
SEOUL, March 22 (Korea Bizwire) — South Korean Audi dealers are voicing strong opposition against inflated sales targets, claiming that Audi Korea is igniting a game of chicken among dealers by setting high sales targets without considering market conditions. According to industry sources, the South Korean unit of the German carmaker set this year’s sales [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker and a key affiliate of Hyundai Motor Group, said it has developed an in-wheel motor by integrating an electric motor into the wheel. The new in-wheel system is designed to maximize power by integrating a drive motor into each wheel, [...]
SEOUL, March 20 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Monday unveiled the all-electric EV5 SUV concept at an electric vehicle (EV) event held in China. Kia introduced the EV5 concept at Kia EV Day planned only for Chinese customers before it launches an electric SUV model based on the [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s car exports jumped nearly 50 percent in February on-year to reach an all-time high on the back of solid demand for eco-friendly cars, data showed Monday. The value of outbound shipments of automobiles came to US$5.59 billion last month, up 47.1 percent from a year earlier, according [...]
SEOUL, March 16 (Korea Bizwire) – Five cars from the Hyundai Motor Group have been named the best cars for families by an American media outlet. According to the list of the 2023 best cars for families evaluated in nine categories by the U.S. News & World Report, Hyundai Motor Co.’s Santa Fe and Tucson [...]
SEOUL, March 16 (Korea Bizwire) — The Ministry of Employment and Labor on Wednesday signed a business agreement with Hyundai Motor Co. and its affiliated car repair service provider Bluehands to systematically train repair and maintenance workers for eco-friendly vehicles. The signatories will promote cooperation in various areas, including a survey on demand for eco-friendly [...]
SEOUL, March 15 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, unveiled the design of the all-electric EV9 SUV on Wednesday ahead of its domestic launch during the first half of this year. The EV9 SUV has been developed under Kia’s new design philosophy, “Opposites United,” which embodies its shifting focus toward [...]
SEOUL, March 14 (Korea Bizwire) – Volvo Cars said Tuesday it is targeting a 20 percent on-year sales growth in South Korea this year helped by electric models and investments in local aftersales facilities. The Sweden-based carmaker sold a total of 14,431 vehicles in Asia’s fourth-biggest economy in 2022, down 4 percent from 15,053 units [...]
SEOUL, March 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Monday it is in the process of acquiring General Motors Co.’s car manufacturing facility in India. Hyundai Motor has signed a term sheet with GM to take over the U.S. carmaker’s Talegaon plant in Maharashtra, the company said in a statement. [...]