SEOUL, March 6 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Tuesday it aims to sell over 500,000 vehicles in Europe this year with the launch of new models. In 2018, Kia Motors plans to launch the all-new Ceed hatchback and the Ceed sports wagon in the second quarter and the fourth quarter, respectively, to achieve the sales target, the company said in a statement. [...]
SEOUL, Oct. 30 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s largest auto parts maker by sales, said Monday its third-quarter net profit plunged 32 percent on lower demand from China. For the three months that ended on Sept. 30, net profit declined to 482.2 billion won (US$429 million) from 705.8 billion won a year earlier, the company [...]
SEOUL, Sept. 5 (Korea Bizwire) – Prosecutors said Tuesday they indicted two international auto shipping companies for fixing bid prices for sea transportations of Korean-made automobiles. Japan-based Nippon Yusen Kabushiki Kaisha, also known as the Japan Mail Shipping Line, and the Seoul-based multinational EUKOR Car Carriers Inc. have been charged with colluding with a few other firms [...]
SEOUL, Aug. 24 (Korea Bizwire) – A Seoul court is set to issue a ruling on the case involving wages at Kia Motors Corp. next week, a judiciary official said Thursday, a decision that could have far-reaching consequences for South Korean industries. Next Thursday, the Seoul Central District Court will decide whether to count “regular” [...]
SEOUL/NAMYANGJU, South Korea, July 25 (Korea Bizwire) – A 150-kilometer, two-and-a-half hour drive proved that Kia Motors Corp.’s Stonic subcompact sport utility vehicle is perfect for people wanting an entry-level fuel-efficient crossover that is responsive to drive. In a mix of urban and expressway driving that took place from western Seoul to Namyangju in Gyeonggi [...]
SEOUL, July 24 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday it has joined forces with the country’s leading automaker Hyundai Motor Co. and its sister company Kia Motors Corp. to develop Artificial Intelligence (AI) technology. Under the agreement, the automakers will implement server-based speech recognition technology into the Genesis [...]
SEOUL, July 20 (Korea Bizwire) – Kia Motors Corp. on Thursday domestically launched a face-lifted Sorento crossover to maintain its edge in the midsize SUV market. The upgraded Sorento incorporates a new grille and front and rear graphics and LED accents that make the car sharper. It can be equipped with a choice of 2.0-liter [...]
SEOUL, July 13 (Korea Bizwire) – Unionized workers at Hyundai Motor Co. will vote on whether to stage a walkout as they press for more wages and benefits, the company and its union said Thursday. The two-day vote comes as the country’s largest carmaker by sales struggles with slowing sales in major markets such as [...]
SEOUL, May 19 (Korea Bizwire) – South Korea is expected to recall more than 1 million vehicles in 2017 as motorists become more safety-conscious amid the sophistication of auto parts and technology, officials said Thursday. In the year to date, the Ministry of Land, Infrastructure and Transport has ordered some 100 recalls affecting 820,000 vehicles, with the full-year number likely to far exceed the 1 million mark. It will mark the first time in two years for [...]
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 [...]