SEOUL, May 20 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Motor Co. will establish a 6 trillion won (US$5.3 billion) joint venture in the United States to produce batteries for electric vehicles, the two companies said Thursday. The two companies signed a memorandum of understanding on the joint [...]
SEOUL, June 27 (Korea Bizwire) – Imports of American cars in South Korea more than tripled in four years, industry data showed Monday, a rise that could be attributable to the free trade deal between Seoul and Washington. The free trade deal went into effect in 2012, providing a competitive edge to U.S. carmakers. South [...]
NEW YORK, April 16, 2014 (Korea Bizwire) – Fifty years after debuting one of the world’s most popular cars, Ford is marking the milestone by revealing a Mustang 50 Year Limited Edition. Created to honor five decades of Mustang heritage, only 1,964 examples of the 50 Year Limited Edition will ever be built when it goes [...]