SEOUL, Jan. 27 (Korea Bizwire) – Competition is expected to intensify in the South Korean hybrid vehicle market as two global automakers are set to clash with their new subcompact models that are already drawing favorable responses from customers, market watchers said Wednesday. With Hyundai Motor Co. and Toyota Motor Corp. claiming to guarantee better [...]
HWASEONG, Jan. 7 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, unveiled its first dedicated green car model on Thursday, targeting to take over market leader Prius. The Ioniq hybrid, scheduled to be officially launched in mid-January, was disclosed to media early in the day during a preview event held at its Namyang [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s top carmaker, Hyundai Motor Co., and its sister affiliate, Kia Motors Corp., saw sales of their hybrids grow nearly tenfold over the past six years, data showed Monday, as the firms continue to churn out various eco-friendly options for buyers. The two automakers sold a combined 62,648 [...]
SEOUL, Korea, April 7 (Korea Bizwire) – Imported wheels are selling like hot cakes in Korea. Last month, the monthly sales of foreign cars have exceeded 15,000 breaking the record of 14,953 in July 2013. According to the Korea Automobile Importers and Distributors Association, 15,733 foreign cars were registered in March which has increased 30.4 [...]
SEOUL, Korea, Feb 23 (Korea Bizwire) – More and more car buyers are weighing whether to go for a diesel or hybrid model instead of an usual gasoline-fueled car. This trend is further encouraged by the government that is stepping up regulations on fuel efficiency. Then what would be the better choice between diesel and [...]