SEOUL, Aug. 7 (Korea Bizwire) – Hyundai Motor, South Korea’s top automaker, saw its sales in China plunge over 30 percent in July from a year earlier in the face of intensifying competition from local brands, industry and company sources said Thursday. According to the sources, Hyundai Motor sold 54,160 cars last month, down from [...]
SEOUL, Aug. 4 (Korea Bizwire) — Hyundai Motor, the world’s fifth largest automaker, will sponsor the “Exhibition of Secret of Magnum Photos – Brilliant Korea” which will be run from August 15 to October 3 at the Sejong Center for Performing Arts in Seoul. The exhibition by Magnum Photos, an agency representing world-renowned photographers, will show [...]
SEOUL, Aug. 4 (Korea Bizwire) — The ratio of diesel engine cars sold during the first half of the year in South Korea topped 50 percent, industry data showed Tuesday, as carmakers offered diverse models running on the cheaper fuel. According to the data, five carmakers in South Korea, including Hyundai Motor and Kia Motors, sold a [...]
SEOUL, July 31 (Korea Bizwire) – In spite of low oil prices, hybrid car fever is fierce in the Korean automotive market, fueled by growing demand for eco-friendly vehicles. Thanks to the fever, sales of hybrid cars in Korea are expected to reach an all-time high this year. According to industry watchers, 15,953 units of [...]
Seoul, July 20 (Korea Bizwire) – Among the domestic cars launched during the first half of the year, the Tivoli from Ssangyong Motor was selected as the best car. Among foreign cars, a new Landrover model was selected. According to a survey conducted by SK Encar, 42.3 percent of the 345 male and female adult respondents selected [...]
SEOUL, Jul. 20 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. said Sunday it clinched an average market share of over 10 percent in Brazil, Russia, India and Mexico, or BRIMs, in the first half of this year. Hyundai Motor sold a combined 415,006 vehicles in the four countries in the January-June period, up [...]
SEOUL, July 9 (Korea Bizwire) — Business leaders in South Korea vowed Thursday to keep pushing for their planned investment and taking the lead in rejuvenating the economy, which is struggling with slumping domestic demand in the wake of the Middle East Respiratory Syndrome (MERS) outbreak. In a joint statement, presidents of the country’s top 30 [...]
SEOUL, July 8 (Korea Bizwire) South Korea’s top carmaker Hyundai Motor Co. and its sister affiliate Kia Motors Corp. said Wednesday that their models have won satisfaction awards from a U.S. automotive research company. Hyundai’s Sonata ranked No. 1 among different midsize sedan brands to win the AutoPacific Vehicle Satisfaction Award, and Kia’s Soul city car and the [...]
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 6 (Korea Bizwire) – Hyundai Motor’s luxury sedan Genesis has been picked as the preferred Korean car by Korean university students, while Hyundai’s Avante was chosen as the best option for a first car. According to a survey conducted by Hyundai Mobis, a parts maker subsidiary of the Hyundai Motor Group, which polled 1,240 university [...]