SEOUL, Sept. 2 (Korea Bizwire) – Ssangyong Motor, the local unit of Indian auto conglomerate Mahindra & Mahindra, has announced that it sold a total of 10,771 vehicles in August, including 7,517 units in the domestic market. The automaker said on September 1 that its sales increased 10.3 percent over the same month of the [...]
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, Nov. 1 (Korea Bizwire) – Beginning January next year, the prices for commercial vehicles such as buses and trucks will rise by 10 million won. According to automobile industry sources on October 29, the government will mandate diesel commercial vehicles to mount pollution-reduction devices in accordance with the so-called “Euro 6″ regulation. Euro 6 is the [...]