SEJONG, May 29 (Korea Bizwire) – German carmaker BMW is recalling 3,488 units of its 5-series sedans due to defective rear bumper reflectors, the transportation ministry said Friday. According to the Ministry of Land, Infrastructure and Transport, the rear bumper reflectors do not reflect enough light for following vehicles to detect there is a car [...]
SEOUL, May 8 (Korea Bizwire) — The number of newly registered foreign cars in South Korea grew 8.9 in April from a year earlier, driven mostly by German brands, including Mercedes-Benz and BMW, industry data showed Friday. According to the data by the Korea Automobile Importers and Distributors Association, a total of 18,202 foreign vehicles [...]
SEOUL, April 11 (Korea Bizwire) – The number of imported cars from last year that are still in stock is estimated to be about 63,000, triple the number from three years ago and a record high in Korea. The Korea Automobile Manufacturers Association (KAMA) and Korea Automobile Importers & Distributors Association (KAIDA) reported on April 9 [...]
SEOUL, April 8 (Korea Bizwire) – German-made vehicles in South Korea, which are unrivaled among foreign autos here, are losing their presence as car buyers look for more unique brands, data showed Wednesday. The share of German cars sold here in the January-March period came to 69.7 percent, down 3 percentage points from the 72.7 percent [...]
SEOUL, March 8 (Korea Bizwire) – Two of the four foreign automakers fined for allegedly exaggerating fuel efficiency in South Korea have not paid the penalties, as they seem to worry that paying the fines could be seen as admitting to having lied to their customers, industry sources said Sunday. Late last year, the Ministry [...]
SEOUL, March 1 (Korea Bizwire) – Samsung SDI, one of the leading providers of electronic materials in the world, is expected to provide battery packs for BMW‘s upcoming X5 plug-in hybrid SUV, industry sources said Sunday. Local industry insiders and IHS, a global market researcher, speculated that the recent purchase of Magna Steyr’s battery pack division [...]
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, Nov. 20 (Korea Bizwire) – BMW Korea gave Korea drivers a first look at the sports activity coupe New X6 at its BMW driving center in Incheon. A total of three types are planned to be released, all of which are the second-generation New X6 models, the xDrive30d and the xDrive40d, as well as [...]
SEOUL, Nov. 12 (Korea Bizwire) — BMW Korea said on November 11 that it showcased for the first time in Korea the “BMW Vision Future Luxury,” a concept car, for six days from the 4th to the 9th at its Yeongjong Island BMW Driving Center by inviting 300 VIP clients. The BMW Vision Future Luxury, [...]
SEOUL, Nov. 7 (Korea Bizwire) – The BMW i8, a plug-in hybrid sports car, will make its official debut in South Korea early next year, which will be the first plug-in hybrid model running on the Korean roads. With its futuristic exterior design, the i8 boasts powerful performances: a total of 362 horsepower and 58.2 [...]