SEOUL, Feb. 1 (Korea Bizwire) — South Korean carmakers’ sales rose 4.8 percent last month from a year earlier helped by strong demand for sport utility vehicles (SUVs) amid the COVID-19 pandemic, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. [...]
SEOUL, Jan. 17 (Korea Bizwire) — Sport utility vehicles (SUVs) sold by South Korean automakers sharply rose to exceed 600,000 units for the first time in 2020 on the back of the rising popularity of car camping and new lineups, industry data showed Sunday. Five companies — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean carmakers’ sales fell 5 percent last month from a year earlier as the COVID-19 pandemic continued to weigh on demand, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s auto exports dropped 10.2 percent on-year in November, falling at a faster pace compared with the previous month, amid the global resurgence of new coronavirus cases. Local carmakers shipped a combined 190,657 units of automobiles overseas last month, according to the data compiled by the Ministry of [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 5 percent last month from a year earlier as the coronavirus outbreak continued to sap demand around the globe, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korean carmakers’ sales fell 1 percent last month from a year earlier as the coronavirus outbreak continued to affect the automobile industry, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong [...]
SEOUL, Oct. 13 (Korea Bizwire) — Kia Motors Corp. and two other South Korean carmakers have yet to reach wage deals with their unions for this year, with the new coronavirus outbreak still a major concern for the automotive industry. Of the country’s five carmakers, Hyundai Motor Co. and SsangYong Motor Co. and their unions [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers’ vehicle sales rose 3.4 percent last month from a year earlier as robust domestic demand offset weak overseas sales amid the new coronavirus outbreak, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers’ market share in the United States rose above pre-coronavirus levels in the March-August period, helped by new models, an industry association said Monday. Local carmakers accounted for 8.9 percent of the U.S. passenger car market during the cited period, up from the 7.7 percent during the [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers are set to launch aggressive promotions to boost sales with new vehicles in the fourth quarter to offset weak sales in the previous three quarters amid the coronavirus outbreak, industry sources said Monday. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]