SEOUL, May 25 (Korea Bizwire) — BMW unveiled the eighth generation of its flagship premium business sedan, the New 5 Series on May 24. The car is longer, wider, taller, and offers increased interior space compared to the previous generation. The front design features modern interpretations of BMW’s signature double headlights and kidney grille. Advanced [...]
SEOUL, May 23 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. have introduced an innovative “Stepless Swing & Sliding Door Technology” for truck beds, aiming to enhance convenience and efficiency. This groundbreaking development allows the side doors of the cargo area to function as both sliding and swing doors, offering flexibility in loading and unloading goods. Traditionally, [...]
COMO, May 19 (Korea Bizwire) — Hyundai Motor Company held the Hyundai Reunion event on May 18 (local time) in Lake Como, Italy, where they unveiled the restored Pony Coupe concept. The event showcased Hyundai’s heritage and future direction, with the presence of Chairman Chung Eui-sun and key employees. The Pony Coupe Concept, originally [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they have agreed to a US$200 million settlement in a class-action lawsuit filed by U.S. consumers over a series of car thefts of their vehicles. The consumer settlement covers U.S. owners of about 9 million Hyundai [...]
BUSAN, May 18 (Korea Bizwire) — Renault Korea Motors, the South Korean unit of Renault S.A., has said it is developing a new SUV in a joint project with a Chinese automaker initially for a domestic launch next year. Renault Korea said it will collaborate with Geely Automobile Holdings, China’s largest privately owned automotive group, [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday it will launch the G70 and G70 Shooting Brake upgraded models in the domestic market. Beginning Friday, the G70 sedan will be available with a 2.5-liter gasoline turbocharged engine or a 3.3-liter gasoline turbocharged engine, with the G70 Shooting Brake equipped with [...]
SEOUL, May 17 (Korea Bizwire) — MINI, the premium small car brand of the BMW Group, has launched its latest electric vehicle model, the 2024 MINI Electric, in Korea. The car is available for sale through MINI Korea’s online sales channel, the MINI Shop website from May 17. Equipped with advanced features like active cruise [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday it will introduce two all-electric models in Japan by early next year in efforts to gain a share in the neighboring market. Hyundai Motor plans to launch the Kona Electric this fall and the high-performance IONIQ 5 N model early next year, [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports surged 40.3 percent on-year in April on the back of solid demand for eco-friendly cars, the industry ministry said Tuesday. The value of outbound shipments of automobiles came to US$6.16 billion last month, compared with $4.4 billion a year earlier, according to the data from [...]
SEOUL, May 16 (Korea Bizwire) — Kia Corp. will build a new electric vehicle (EV) plant in northern Mexico, a Mexican governor said Tuesday. “More good news! Nuevo Leon consolidates as the ELECTROMOBILITY HUB: KIA once again bets on Nuevo Leon with an investment to expand its plant and produce two KIA car models,” Samuel [...]