SEOUL, July 14 (Korea Bizwire) — SK On Co.’s electric vehicle (EV) battery joint venture with Ford Motor Co. in the United States has formally set sail, the South Korean battery maker said Thursday, paving the way for SK’s new battery unit to accelerate its overseas push amid burgeoning EV demand. The official launch of [...]
SEOUL, March 14 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday it has signed an initial deal with U.S. carmaker Ford Motor Co. and Turkish conglomerate Koc Holding A.S. to build an electric vehicle (EV) battery plant in Turkey in its latest move for overseas expansion. The three companies inked the [...]
LONDON, U.K., March 8 (Korea Bizwire) — Verisk (Nasdaq:VRSK), a leading global data analytics provider, is pleased to announce an agreement with Ford Motor Company (NYSE: F). As part of the agreement, Verisk can offer standardised, insurance-ready telematics data from connected Ford vehicles in Europe to assist insurers with assessing driving behaviour, developing usage-based insurance [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won (US$11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture between the two companies, called BluOvalSK, will build an assembly and battery [...]
SEOUL, Sept. 7 (Korea Bizwire) — Ford Motor Company, Mitsubishi Motors Corporation and BMW will recall faulty parts in more than 1,000 vehicles sold in South Korea, the transport ministry said Thursday. Ford will recall 626 Lincoln MKZs and eight Fusion sedans manufactured in 2013 to replace faulty door latches. Mitsubishi issued a recall for [...]
DETROIT, May 31 (Korea Bizwire) — Covisint Corporation (Nasdaq:COVS) today announced that it has extended its relationship with Ford Motor Company (“Ford”). With this extension, Ford will continue to leverage the Covisint B2B Automotive Exchange. The Covisint B2B Automotive Exchange currently provides global access to information and applications for more than 615,000 supplier users across [...]
SEOUL, Dec. 21 (Korea Bizwire) – Ford Sales & Service Korea, the local importer and distributor of Ford vehicles, will recall certain model year Ford Explorer SUVs sold here for a problem related to the cars’ suspension, the transportation ministry said Wednesday. The recall affects 489 Explorer cars produced between Jan. 17 and May 31 [...]
SEJONG, July 8 (Korea Bizwire) – Following the National Highway Traffic Safety Administration’s (NHTSA) probe into Ford Explorer exhaust fumes entering the vehicle’s passenger compartment, the Korean Ministry of Land, Infrastructure and Transport also revealed Thursday that it would launch an investigation into the Explorers sold in Korea. According to Reuters, 154 complaints were filed with [...]
SEOUL, Oct. 8 (Korea Bizwire) – Mercedez-Benz won back the top place in Korean imported car market by edging out its long rival BMW which had been the top ranker for 2 years and 9 months since December in 2011 in South Korea. According to the sales report for September by the Korea Automobile Importers and Distributors [...]
DEARBORN, Mich. June 25 (Korea Bizwire)–As vehicles become an integral part of the Internet of Things, Ford and Intel are researching new opportunities for the connected car, including giving drivers the ability to remotely peer into their car using a smartphone, or a vehicle that could identify its owner using facial recognition software. The joint [...]