SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co.’s labor and management have made the strategic decision to repurpose a sedan production line in response to the growing demand for SUVs. Sources familiar with the industry confirm that this decision was reached on Tuesday during a meeting of the Employment Security Committee at the carmaker. [...]
SEOUL, Aug. 25 (Korea Bizwire) —In the recently unveiled vehicle technology satisfaction survey by renowned U.S. market research firm J.D. Power, Genesis and Hyundai have emerged as frontrunners, clinching the first and second positions, respectively. Released on August 24, the 2023 U.S. Technology Experience Index (TXI) survey conducted by JD Power revealed that Genesis achieved [...]
SEOUL, Aug. 24 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday that its global corporate social responsibility (CSR) program, the Green Light Project, has established new foundations in Zimbabwe and Mozambique, Africa, with the intention of providing support to local communities. The company held a recent completion ceremony for its [...]
SEOUL, Aug. 23 (Korea Bizwire) — SK Group Senior Vice Chairman Chey Jae-won met with Mercedes-Benz Group CEO Ola Kallenius on Wednesday and discussed ways to boost their business partnership, SK said. The meeting, which took place in SK’s headquarters in Seoul, centered on efforts to expand cooperation in the fields of electric vehicle (EV)-related [...]
SEOUL, Aug. 23 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it will launch an electrified version of the Ray mini car in the domestic market next month. The Ray EV comes with a 35.2kWh battery pack and can travel up to 233 kilometers on a single charge, the company said in [...]
SEOUL, Aug. 23 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, is illuminating its history by restoring the models that marked the inception of its brand. The company announced that it will showcase restored versions of two vehicles — the three-wheeled T-600 truck and the Brisa sedan — at the Kia360 brand experience space [...]
SEOUL, Aug. 22 (Korea Bizwire) — Toyota Motor Korea Co. said Monday it has initiated pre-order sales of the Alphard hybrid minivan at its official showrooms across the nation. Set to debut in South Korea on Sept. 18, the Alphard is a seven-seat model available in a single trim. It combines a 2.5 L Atkinson [...]
SEOUL, Aug. 21 (Korea Bizwire) — Hyundai Motor Group said Monday it has earned three top safety pick awards from the U.S. Insurance Institute for Highway Safety (IIHS) for three models of its independent Genesis brand, further proving the quality of its vehicles. The Genesis brand’s GV60, GV70 and GV80 SUV models garnered the Top [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s car exports jumped 15 percent on-year in July on the back of solid global demand for eco-friendly cars, the industry ministry said Thursday. The value of outbound shipments of automobiles came to US$5.9 billion last month, compared with $5.14 billion a year earlier, according to data from [...]
SEOUL, Aug. 17 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Thursday launched the face-lifted Sorento in the domestic market to beef up its SUV lineup. The upgraded Sorento comes with a 2.5-liter gasoline turbocharged, a 2.2-liter diesel, or a 1.6-liter turbocharged gasoline hybrid engine, the company said in a statement. [...]