SEOUL, Jan. 26 (Korea Bizwire) – South Korea’s No. 2 carmaker Kia Motors Corp. said Thursday its net profit dropped sharply from a year earlier in the fourth quarter. Net profit came to 320 billion won (US$276.3 million) in the October-December period, down 25.7 percent from the same period a year earlier, the company said [...]
SEOUL, Jan. 4 (Korea Bizwire) – Kia Motors unveiled Wednesday the All New Morning, or Picanto in some international markets, which will make its official launch in Korea later in January. The new Morning is the first refreshed model of the vehicle in six years, after the last (second) generation Morning was released in 2011, [...]
SEOUL, Jan. 2 (Korea Bizwire) – Global sales of cars produced by five South Korea-based automakers shrank slightly from a year earlier in 2016 due to a decline in overseas sales that more than offset an increase in sales here, data released by the carmakers showed Monday. The combined global sales of the five automakers [...]
SEOUL, Jan. 2 (Korea Bizwire) – Hyundai Motor Group has set its sales target at 8.25 million cars this year, the group chairman said Monday. The annual target marks a 1.5 percent increase from the 2016 target of 8.13 million. South Korea’s largest automotive group has yet to release its actual sales for 2016, but [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will seek to greatly boost their combined sales in China next year with various new models that will include SUVs, informed sources said Thursday. According to the sources, who spoke on condition of anonymity, the [...]
SEOUL, Dec. 28 (Korea Bizwire) – Kia Motors introduced 3D holograms at two of its Seoul dealerships on Wednesday, in an effort to help customers experience a greater variety of Kia vehicles. According to the automaker, the limited amount of display space at its dealers made it impossible to exhibit all vehicle models, often leaving [...]
SEOUL, Dec. 13 (Korea Bizwire) – Leading South Korean automakers Hyundai Motor Company and Kia Motors have taken another step towards commercializing self-driving vehicles. With the memorandum of understanding signed Monday between Hyundai Motor Company, Kia Motors and the city of Hwaseong, the two companies will be able to test vehicles equipped with V2X (or [...]
SEOUL, Nov. 29 (Korea Bizwire) – South Korea’s No. 2 automaker Kia Motors Corp. on Tuesday introduced its all new K7 hybrid car, the latest and last addition to the K7 lineup. The K7 hybrid uses advanced electric vehicle mode to realize fuel efficiency of 16.2 kmpl, the highest in its segment, the company said. [...]
SEOUL, Nov. 25 (Korea Bizwire) – BMW Korea, the local importer and distributor of BMW cars, will recall over 21,000 cars sold in South Korea for various problems related to engine timing belts and air bags, the transportation ministry said Friday. Some 11,600 cars of 19 vehicle models, including the 530d xDrive and the X6 [...]
SEOUL, Nov. 4 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker, said Friday it unveiled four modified cars at an annual U.S. auto show, including a self-driving Sorento equipped with tracks. The annual trade fair, hosted by the Specialty Equipment Market Association this week in Las Vegas, showcased aftermarket modified cars from automakers [...]