SEOUL, May 11 (Korea Bizwire) – Hyundai is making a push into the superhero world as part of efforts to target the North America market. The company has signed a two-year contract with Marvel and Netflix to feature its vehicles in superhero series such as Daredevil, Jessica Jones, Luke Cage, and Iron Fist. Hyundai will also be [...]
SEOUL, May 9 (Korea Bizwire) – Sales of foreign cars in South Korea dropped 2 percent on-year in April as some importers failed to secure a sufficient amount of cars to meet demand here, industry data showed Monday. According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 17,845 [...]
SEOUL, April 8 (Korea Bizwire) – Audi Volkswagen Korea has come up short in a suit filed against the Fair Trade Commission (FTC) after facing sanctions for paying power bloggers to write positive reviews about its vehicles. On April 7, The Seoul High Court ruled that Audi failed in its appeal against the FTC. The plaintiff [...]
SEJONG, March 31 (Korea Bizwire) – BMW Korea Co., the local unit of the German carmaker, will recall a combined 3,296 of the 3 series and 5 series sedans for problems with their airbags as part of the company’s worldwide recall plan, the South Korean transportation ministry said Thursday. The models’ airbags, produced by Japan’s Takata Corp., [...]
SEOUL, March 10 (Korea Bizwire) – With restrictions on the accounting of vehicles for business use becoming stricter, the number of imported cars being used as corporate vehicles has dropped to a historic low. Vehicles from brands such as Rolls-Royce, Bentley, Porsche, Jaguar, Lexus, Audi and BMW that were purchased as corporate cars and then [...]
SEOUL, March 3 (Korea Bizwire) – Volkswagen and its luxury brand Audi plan to start the recall process for their emissions-faked vehicles sold in South Korea in late April following a delay caused by the Seoul government rejecting the companies’ measures to fix the problem for being insufficient, industry sources said Thursday. The two German [...]
SEOUL, Oct. 2 (Korea Bizwire) – With Fiat-Chrysler also creating controversy by manipulating the number of accidents caused by their cars not long after Volkswagen slapped the whole world in the face, the credibility of foreign motor brands is dropping faster than the temperature these days. Sales of foreign cars over the past two weeks have decreased [...]
SEOUL, Aug. 13 (Korea Bizwire) – Samsung SDI Co., the battery-making unit of South Korea’s Samsung Group, said Thursday it will work with Audi AG to produce the power pack for the German automaker’s new electric-powered sport utility vehicle (SUV), as it moves to expand into the automotive business. The two companies have signed a [...]
SEOUL, Jun. 8 (Korea Bizwire) — Sales financing companies for German car dealers in Korea are still applying 7 to 9 percent interest rates for financing plans offered to customers, even though the Korean base rate has dropped to 1 percent. Some companies are luring customers into paying interest whose total amount is even higher [...]
SEOUL, May 28 (Korea Bizwire) – Controversy is mounting in South Korea on Thursday over Audi‘s alleged exaggeration of fuel efficiency for one of its most popular models as the German carmaker takes issue with a methodology that the government used in reviewing its reported mileage. According to the transportation ministry, the fuel efficiency reported [...]