SEOUL, Sept. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, saw their sales growth in Chile slow down this year due to the won’s strength, a state-run trade promotion agency said Monday. In the January-July period, Hyundai’s sales in the Latin American market grew 11 percent on-year to 17,276 [...]
SEOUL, Aug. 24 (Korea Bizwire) — Used car dealer SK Encar released a report on August 23 that showed that the Kia Ray and Mercedes Benz E-Class were the fastest-selling cars in their respective categories. The company combed through its website data from the past two months to compare the amount time from when a [...]
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 [...]