SEOUL, July 8 (Korea Bizwire) — The number of cars subject to safety-related recalls in South Korea jumped over 25 percent in the first half of 2015 as automakers tended to voluntarily recall vehicles suspected of possible defects, data showed Wednesday. Local and foreign automakers recalled 425,212 cars during the January-June period for safety-related defects, [...]
SEOUL, July 2 (Korea Bizwire) – As GM Korea unveiled it’s first all new Chevrolet Spark in six years, the automobile market is expecting fierce competition in the compact car segment. GM Korea unveiled “The Next Spark” on July 1, and began taking preorders for the lightweight model. Deliveries of the new car are expected to [...]
INCHEON, Jul. 2 (Korea Bizwire) — GM Korea’s division with the Korean Metal Workers’ Union (KMWU) saw 70 percent of its members agree to go on a general strike against GM Korea, according to a statement on July 1. Among 13,884 union members, 82.5 percent participated in the vote, and 9,832 members, or 70.8 percent [...]
SEOUL, May 7 (Korea Bizwire) – Against the backdrop of a Reuters’ interview with General Motor’s top executive hinting that the Detroit-based automaker might relocate its Asian production base from Korea to India, officials from GM Korea say that the likelihood of a move is low, but they are paying close attention to the situation. On [...]
ILSAN, South Korea, May 4 (Korea Bizwire) — GM Korea, the local unit of U.S. automaker General Motors, said Monday it will introduce the next-generation Chevrolet Volt plug-in hybrid to the South Korean market next year, showcasing its state-of-the-art green car technology to local customers. The second-generation Volt, unveiled at the Chicago Auto Show in [...]
SEOUL, May 1 (Korea Bizwire) — A special event where anyone can experience driving an electric car will be held at the second exhibition room at KINTEX in Goyang from May 3 to 6, as part of the 28th International Electric Vehicle Symposium & Exhibition (EVS28) programs. Visitors to EVS28 can drive electric cars from Kia, [...]
SEOUL, April 30 (Korea Bizwire) — South Korea’s car imports outpaced combined exports by three major automakers for the first time in the first quarter, industry data showed, indicating that the foreign car market is fast growing here. According to the data, South Korea imported US$2.5 billion worth of vehicles during the January-March period, up [...]
SEOUL, April 16 (Korea Bizwire) — Audi Volkswagen Korea, the local importer of the German company, outpaced GM Korea in domestic sales last year, signaling a change in the car market that has been long dominated by major local makers, industry data showed Thursday. Audi Volkswagen Korea reported to financial authorities here that its domestic sales [...]
SEOUL, Apr. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) market is anticipated to expand more than fivefold by next year on the back of government subsidies to boost sales of the eco-friendly cars, ministry officials said Tuesday. As of the end of last year, the number of registered battery-powered cars in the country [...]
SEOUL, April 13 (Korea Bizwire) — Renault Samsung Motor, the local unit of French automaker Renault S. A., saw its profit surge last year thanks to strong sales of cars at home and abroad, a result that far outperformed GM Korea, its larger rival operating in South Korea, data showed Monday. In a regulatory filing, Renault [...]