SEOUL, Aug. 2 (Korea Bizwire) — South Korean carmakers’ sales fell slightly last month from a year earlier as a global chip shortage and the extended COVID-19 pandemic affected their vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. [...]
SEOUL, July 1 (Korea Bizwire) — South Korean carmakers’ sales rose 15 percent last month from a year earlier as overseas demand remained steadfast despite the extended COVID-19 pandemic, industry data showed Thursday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, June 1 (Korea Bizwire) — South Korean carmakers’ sales rose 41 percent last month from a year earlier on strong overseas demand amid a quicker-than-expected recovery from the COVID-19 pandemic and a lower base effect, industry data showed Tuesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung [...]
SEOUL, May 4 (Korea Bizwire) — The trend of convergence in the roles of carmakers and auto insurers is forecast to accelerate as self-driving technologies continue to become more sophisticated, a report showed Monday. A growing number of carmakers are providing car insurance services by themselves or establishing joint ventures with insurance companies to develop [...]
SEOUL, May 3 (Korea Bizwire) – South Korean carmakers’ sales jumped 77 percent last month from a year earlier driven by robust overseas demand for SUVs amid the extended COVID-19 pandemic, industry data showed Monday. The five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. [...]
SEOUL, May 3 (Korea Bizwire) — Amid forecasts that the shortage of automobile chips will extend until the end of this year, concerns are growing that the scarcity could serve as a stumbling block that prevents the Korean automobile industry from making a transition to future vehicles. To tide over the shortage of chips, Kia [...]
SEOUL, April 1 (Korea Bizwire) — South Korean carmakers’ sales rose 12 percent last month from a year earlier helped by robust overseas demand for SUVs amid the COVID-19 pandemic, industry data showed Thursday. The five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, March 30 (Korea Bizwire) — A global semiconductor chip shortage is set to spill over into Korean automakers as well, raising concerns that a prolonged supply glitch may derail local carmakers off track amid the pandemic. The chip shortage stems from multiple factors such as chipmakers shuttering plants or cutting production due mainly to [...]
SEOUL, March 4 (Korea Bizwire) — South Korea’s share of the global car market remained unchanged in 2020 from a year earlier due mainly to sluggish performance in China, industry data showed Thursday. Sales by South Korean automakers accounted for 7.5 percent of the total in the United States, China, Europe and four other major [...]
SEOUL, March 2 (Korea Bizwire) — South Korean carmakers’ sales rose 4.8 percent last month from a year earlier helped by strong demand for SUVs amid the COVID-19 pandemic, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]