SEOUL, Jul. 30 (Korea Bizwire) — A group of South Korean customers has jointly filed a lawsuit against BMW over a component that appears to have recently caused fires in one of its best-selling sedans, the company and the customers’ lawyer said Monday. On Monday, four owners of the BMW 520d sedan lodged a joint [...]
SEOUL, Jul. 26 (Korea Bizwire) — BMW Korea will voluntarily recall 106,317 vehicles to fix a faulty component that may cause fires in the engine area of 42 different models, the transport ministry said Thursday. The German carmaker’s massive recall decision comes after several BMW 520d sedans have caught fire while being driven in South [...]
INJE, Jul. 2 (Korea Bizwire) — BMW Group said Monday it will offer a full line of Mini’s high-performance John Cooper Works (JCW) models in South Korea this year, in a move to boost sales amid growing competition with rivals. This month, the German carmaker added the JCW version of the Country Man and Club [...]
SEOUL, April 4 (Korea Bizwire) — Sales of Mini vehicles reached a new high last year, signaling the brand’s growing popularity among South Korean drivers. To celebrate a record-breaking 9,562 vehicles sold in South Korea alone last year, the 2018 Mini Brand Day was held on Tuesday in Seoul, an event for Mini fans. During the [...]
SEOUL, Feb. 14 (Korea Bizwire) — German luxury carmakers Mercedes-Benz and BMW will voluntarily recall more than 3,000 vehicles to fix faulty parts, the transport ministry said Wednesday. Mercedes-Benz’s recall — set to begin later in the day — affects 1,440 units of 21 different models produced between January and June 2017, including the GLS [...]
SEOUL, Feb. 6 (Korea Bizwire) – Sales of imported vehicles in South Korea jumped 26 percent last month compared with a year earlier on increased supplies of popular brands and aggressive promotions, industry data showed Tuesday. The number of newly registered foreign vehicles rose to 21,075 in January from 16,674 a year earlier, the Korea [...]
SEOUL, Nov. 23 (Korea Bizwire) – Mercedes-Benz has selected the glitzy Cheongdam neighborhood in Seoul as the location for a new high-tech digital showroom. Industry watchers believe that the move is motivated by a desire to gain a bigger share of the sizable luxury vehicle market. Figures by the Korea Automobile Importers and Distributors Association [...]
SEOUL, Nov. 9 (Korea Bizwire) – The local units of Mercedes-Benz, BMW and Porsche have been fined a combined 70.3 billion won (US$63.1 million) for falsifying documents required for government certification that grants them domestic sales, the environment ministry said Thursday. The three foreign automakers were found to have forged certain specifications or types of the vehicles’ parts to make it look as though they meet the local standards, between [...]
SEOUL, Oct. 23 (Korea Bizwire) — Sales of luxury cars in South Korea exceed those of richer countries, industry data showed Sunday. Numbers provided by foreign carmakers and the Korea Automobile Importers and Distributors Association (KAIDA) showed South Koreans bought more new BMW 5-series and Mercedes-Benz E-class cars than Germans and neighbors in Japan from [...]
SEOUL, Oct. 3 (Korea Bizwire) – “Our goal is not cost effectiveness. We do not think that the target markets overlap,” said an official with one of the competing automakers when Genesis designated the Benz C-class and BMW 3 series as competitors of its model G70 before its launch in the market. “The advertising of the [...]