SEOUL, Feb. 11 (Korea Bizwire) — Carmakers in South Korea said Tuesday they have partially resumed vehicle production that was halted due to parts shortages caused by the new coronavirus outbreak, on resumed supply of parts from China. Hyundai Motor Co. and its affiliate Kia Motors Corp., the country’s two biggest carmakers, said they restarted [...]
SEOUL, Feb. 10 (Korea Bizwire) — Carmakers in South Korea on Monday said they are set to resume their vehicle production this week temporarily suspended due to parts shortages caused by the new coronavirus outbreak, easing concerns an extended output loss will cut into their first-quarter earnings. Hyundai Motor Co. and its affiliate Kia Motors [...]
SEOUL, Feb. 5 (Korea Bizwire) – South Korean carmakers may face hefty production losses as the rapidly spreading coronavirus outbreak is aggravating shortages of parts from China without signs of slowing. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., SsangYong Motor Co. and Renault Samsung Motors Corp. — have [...]
SEOUL, Jan. 13 (Korea Bizwire) — Labor disputes are still posing a major hurdle for some of the country’s carmakers as they have yet to finish wage deals for the year of 2019 amid a still murky outlook, industry sources said Monday. Of the country’s five carmakers, Hyundai Motor Co. and SsangYong Motor Co. sealed [...]
SEOUL, Jan. 9 (Korea Bizwire) — Sales of sport utility vehicle models in South Korea hit a record high last year as carmakers strengthened their SUV lineups to meet rising demand for recreational vehicles, industry data showed Thursday. For the whole of 2019, the country’s five automakers, including Hyundai Motor Co. and Kia Motors Corp., [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s passenger vehicle sales fell 3.8 percent last year as an economic slowdown weighed on demand for their models at home and abroad, industry data showed Thursday. For all of 2019, the five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. [...]
GWANGJU, Sept. 19 (Korea Bizwire) — South Korean researchers have developed a robotic arm that can automatically finish molding processes, which are usually completed manually. A research team from the Gwangju Institute of Science and Technology (GIST) said Wednesday that it has succeeded in increasing the joint rigidity of robots with a special design. In [...]
SEOUL, Jul. 10 (Korea Bizwire) — Two carmakers and one two-wheeler importer will voluntarily recall over 800 vehicles due to faulty components, the transport ministry said Wednesday. This is the latest in a series of recall plans for local and overseas carmakers and importers of foreign vehicles. General Motors Co., Ford Motor Co. and Yamaha [...]
SEOUL, Jun. 17 (Korea Bizwire) — Four out of 10 vehicles sold in South Korea from January to May were sport utility vehicles, reflecting growing demand for recreational vehicles, industry sales data showed Monday. In the first five months, domestic and imported carmakers sold 612,043 vehicles, with SUVs accounting for 42 percent, according to data [...]
SEOUL, Apr. 2 (Korea Bizwire) — South Korean carmakers are looking to liquefied petroleum gas (LPG) vehicles to boost their sales after the government last month lifted restrictions on who can buy such cars, industry sources said Tuesday. In the past, LPG cars could only be used as taxis, rental cars and by people with [...]