SEOUL, Jan. 4 (Korea Bizwire) –Stellantis Korea announced the launch of the new 2024 Wrangler, an updated version of Jeep’s flagship off-road vehicle, at a press briefing on January 3. The new Wrangler is a partial model change of the fifth-generation Wrangler, first introduced in 2017. Known as the epitome of off-road vehicles, the Wrangler [...]
SEOUL, Jan. 3 (Korea Bizwire) – In a remarkable performance, Hyundai Motor Co., South Korea’s largest carmaker, reported a 6.9 percent surge in 2023 sales compared to the previous year. Bolstered by the introduction of new sport utility vehicle models and eco-friendly cars, Hyundai Motor achieved a total sales figure of 4,216,680 vehicles, showcasing the [...]
SEOUL, Jan. 3 (Korea Bizwire) –In 2023, Renault Korea Motors, the South Korean unit of Renault S.A., faced significant challenges as its sales plummeted by over 38 percent compared to the previous year. The company reported selling 104,276 vehicles during the year, citing weak demand for its models both domestically and internationally. Domestic sales for [...]
SEOUL, Jan. 3 (Korea Bizwire) — The head of Hyundai Motor Group, South Korea’s top carmaker, said Wednesday it will step up innovations in vehicle electrification and robotics this year, as the auto conglomerate seeks to promote sales of electric vehicles (EVs). Euisun Chung, Hyundai Motor Group executive chairman, made the remarks as he delivered [...]
SEOUL, Jan. 2 (Korea Bizwire) — The chief of Korean Air Co., South Korea’s largest air carrier, on Tuesday vowed to complete the airline’s proposed acquisition of domestic rival Asiana Airlines in 2024. In a New Year’s message to employees, Korean Air Chairman and CEO Cho Won-tae said the company “will complete the acquisition of [...]
SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Co.’s Grandeur sedan has led South Korea’s hybrid car market in terms of sales throughout most of 2023, industry data showed Friday. According to the Korea Automobile Manufacturers Association, Grandeur’s hybrid variant sold 57,107 units during the January-November period of this year, representing 198.8 percent sales growth [...]
SEOUL, Dec. 28 (Korea Bizwire) – In a pioneering collaboration aimed at boosting military efficiency and comfort, Hyundai Mobis, a leading South Korean automotive parts company, has signed a Memorandum of Understanding (MOU) with the Republic of Korea Marine Corps to implement motion sickness reduction technology in military vehicles. This groundbreaking partnership, announced on December 27, [...]
SEOUL, Dec. 27 (Korea Bizwire) — U.S. electric carmaker Tesla Inc. has emerged as a major player in South Korea’s imported passenger vehicle market this year, with BMW, Mercedes-Benz and Audi set to close the year as the three best-selling brands, industry data showed Wednesday. Tesla’s vehicle sales have been on the rise since September [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea on Tuesday launched a research project to develop a fighter jet engine by the mid-to-late 2030s as part of efforts to acquire key homegrown defense technologies. Earlier this year, the country designated advanced aircraft engines among 30 strategic defense technologies it will invest in as part of [...]
SEOUL, Dec. 26 (Korea Bizwire) –South Korea’s Hyundai Motor Co. on Tuesday launched the facelifted G80 sedan under its independent Genesis brand in the domestic market to compete with bigger German rivals. The latest model, the upgraded version of the third-generation G80, which debuted in March 2020, is aimed at attracting customers away from [...]