SEOUL, July 11 (Korea Bizwire) – The Volkswagen scandal has withered the general reputation of German automakers in Korea. Nonetheless, domestic demand for imported vehicles continues to rise. Surprisingly, Volkswagen’s Tiguan 2.0 TDI BlueMotion claimed the number one spot as the best-selling foreign car according to the KAIDA (Korea Automobile Importers and Distributions Association). The [...]
SEJONG, Jan. 18 (Korea Bizwire) – The number of registered vehicles in South Korea rose 4.3 percent in 2015 from a year earlier on the back of the government’s tax-cut programs and solid demand for foreign-made cars, government data showed Sunday. Car registration stood at 20,989,885 units, up 4.3 percent or some 872,000 vehicles from [...]
SEOUL, April 15 (Korea Bizwire) – Hyundai Motor, South Korea’s top automaker, denied a media report Wednesday that it is seeking to build a factory in Mexico, calling it “groundless.” Bloomberg earlier reported that Hyundai Motor is pushing to build a plant in Mexico, citing an interview with a high-ranking official of the local unit of [...]
SEOUL, Jan. 13 (Korea Bizwire) — GM unveiled its new Chevrolet Volt at the 2015 Detroit Auto Show on January 12. The new 2016 model features an all new Voltec extended range electric vehicle (EREV) propulsion system composed of a lithium-ion battery, drive unit, and ‘range extending system’ engine. The new Volt can go 200 miles (320 kilometers) [...]
Tae Jung Technical MFG Co., Ltd. has fulfilled a noteworthy achievement through studies, reducing the weight of JACK ASS’Y, a core item supplied to General Motors. (image credit: Tae Jung Technical MFG Co., Ltd.) CHOUNGJU, Korea, Apr. 10, 2014 (Korea Bizwire) — POSCO Research Institute says, “There are megatrends that continually influence the future auto [...]
Seoul, Korea, August 01 (Korea Bizwire) – GM Korea announced on July 30th that the ‘Cheongla Test Driving Track’ located in Seo-gu, Incheon, will be designated as its sixth buried waste-free facility. GM is working on a project to make all its facilities around the world waste-free as part of its environment-friendly policy. The company factory in [...]