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 [...]
SEOUL, April 16 (Korea Bizwire) — Audi Volkswagen Korea, the local importer of the German company, outpaced GM Korea in domestic sales last year, signaling a change in the car market that has been long dominated by major local makers, industry data showed Thursday. Audi Volkswagen Korea reported to financial authorities here that its domestic sales [...]
SEOUL, Dec. 9 (Korea Bizwire) — A study said the prices of parts and components for import cars sold in Korea are up to 2.5 times more expensive than those sold overseas. Comparing to the parts and components of domestic cars, the price differential is often as high as seven times. Consumers Korea, in cooperation with the [...]
SEOUL, Oct. 8 (Korea Bizwire) – Mercedez-Benz won back the top place in Korean imported car market by edging out its long rival BMW which had been the top ranker for 2 years and 9 months since December in 2011 in South Korea. According to the sales report for September by the Korea Automobile Importers and Distributors [...]
SEOUL, Sep. 30 (Korea Bizwire) — The regional investigation unit within the Seoul Metropolitan Police Agency said on September 29 that its investigators arrested a group of suspects implicated in a series of insurance scams, with 77 others booked without detention. According to the police agency, the perpetrators took a total of 600 million won (US$569,000) in 25 [...]
SEOUL, Aug. 21 (Korea Bizwire) – LG Chem will supply electric car battery packs to Germany’s Audi, a Volkswagen Group company. As the Korean battery maker secures more than a half of the world’s top-ten auto manufacturers as clients, it is in an enviable position to take the leadership in the fast-emerging eco-friendly car battery market. The LG [...]
SEOUL, Aug. 16 (Korea Bizwire) – Many Koreans admire China for its stern stance against high pricing policies by multinational companies doing business in China, according to an analysis on the local opinion regarding the news of the Chinese government’s penalty against Audi for violations of anti-monopoly laws. Upon hearing the news that the Chinese [...]
SEOUL, Aug. 5 (Korea Bizwire) – The government has mandated automotive parts sellers to disclose the invoice prices of the parts including those of import cars. The Ministry of Land, Infrastructure, and Transportation said on August 3 that it revised a regulation on the automotive parts self-certification system and required the manufacturers and retailers of auto parts and components to reveal [...]
SEOUL, July 31 (Korea Bizwire) — German auto brand Audi is gaining “not intended” PR (public relation) effect in Korea thanks to a couple of Audi automobile-related incidents which spread widely and quickly through social networks. Recently, a rumor of romance between two Korean celebrities became the talks of town. The possible courtship between Bundesliga soccer player Son [...]
SEOUL, July 12 (Korea Bizwire) – Koreans’ infatuation with German-made cars extends well beyond new and used cars and now moves to rental cars. According to the Korea Rent-a-Car Association on July 11, most of the top-ten import car brands registered for rental cars including leased ones as of the end of 2013 were German-made models [...]