SEOUL, Aug. 16 (Korea Bizwire) – On August 15, with reports from Hyundai and Kia indicating that 141,681 eco-friendly cars had been sold thus far this year as of the end of last month, it is believed that the automotive giants may have found a possible lifeline out of their troubles. To put into perspective [...]
SEOUL, Aug. 10 (Korea Bizwire) – South Korea’s automakers on Thursday warned they may have to move their factories offshore pending an imminent court ruling that could increase the cost of salaries by trillions of won. The Korea Automobile Manufacturers Association (KAMA), representing the country’s five car producers, said in a joint statement that a [...]
SEOUL, Aug. 8 (Korea Bizwire) — GM Korea is reportedly in dire straits. The company already saw a partial work stoppage on July 17. Circumstances have become so serious that the Korea Development Bank (KDB Bank), the second largest shareholder in the company, questioned the automaker’s ability to stay in business. In 2002, Daewoo Motors was [...]
SEOUL, July 3 (Korea Bizwire) – South Korea’s five carmakers said Monday their combined sales fell 14 percent last month from a year earlier as overseas vehicle demand remained weak. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a total [...]
Kia’s Telluride luxury sport-utility vehicle (Imgage: Yonhap) SEOUL, June 28 (Korea Bizwire) – Hyundai Motor Co. and its sister brand Kia Motors Corp. said Wednesday that four of their vehicle models have won awards or have been tapped as finalists in a U.S. design competition. The Genesis luxury G80 Sport sedan, the latest version of [...]
HWASEONG, South Korea, June 27 (Yonhap) – Kia Motors Corp., South Korea’s second-largest carmaker, said Tuesday it will add a new SUV to its lineup next month to boost sales. “The B-segment SUV market has grown fast in the past five years since 2013 to 110,000 units in South Korea. The Stonic is to attract [...]
SEOUL, June 16 (Korea Bizwire) – South Korean automobile manufacturers Hyundai and Kia have revealed a new automatic control technology which will be used to look over manufacturing processes at their factories around the world in real time. The car makers, which have operated as sister companies since Hyundai purchased 51 percent of Kia’s shares [...]
SEOUL, May 17 (Korea Bizwire) – South Korean carmaker Hyundai Motor is planning to include active safety technology in all of its compact car models, a company official said yesterday. Speaking at a global autonomous driving conference held yesterday, Lee Jin-woo, the head of Hyundai Motor’s Intelligent Safety Technology Center revealed the company’s all-out efforts to [...]
SEOUL, May 15 (Korea Bizwire) – Kia Motors Corp., South Korea’s second largest carmaker by sales, on Monday launched the country’s first plug-in hybrid sport utility vehicle model. The Niro plug-in hybrid can travel up to 840 kilometers — 40 kilometers on a single charge and 800 km on a combined gasoline-battery drive. The 1.6-liter [...]
SEOUL, April 13 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-biggest carmaker by sales, has added an advanced air filter system to its upgraded Sportage SUV amid growing concerns about deteriorating air quality, the company said Thursday. Kia Motors has launched the latest versions of the Sportage SUV, all mated with a high-performance air-conditioning [...]