SEOUL, Feb. 2 (Korea Bizwire) — South Korea posted a trade surplus with Japan in the auto parts sector for the first time last year as Japanese carmakers widened sources of imports to lessen risks, industry data showed Monday. According to the data provided by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea International [...]
BEIJING, Jan. 12 (Korea bizwire) – Kia Motors Corp., South Korea’s second-largest carmaker, said Monday it aims to sell 20,000 Sorento sport-utility vehicles in China this year as it seeks to win a bigger slice of the fast-growing SUV market here. The revamped Sorento, which is offered with either a 2.4-liter gasoline or 2.2-liter diesel [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s top carmaker, Hyundai Motor Co., and its sister affiliate, Kia Motors Corp., saw sales of their hybrids grow nearly tenfold over the past six years, data showed Monday, as the firms continue to churn out various eco-friendly options for buyers. The two automakers sold a combined 62,648 [...]
SEOUL, Dec. 15 (Korea Bizwire) — Renault Samsung’s crossover “QM3” was ranked as one of the most popular new car models for the year. It may be because it came equipped with all three conditions for this year’s popularity including diesel, import, and high fuel efficiency. Debuted in December in 2013, the QM3 was sold [...]
LAS VEGAS, Nov. 4 (Korea Bizwire) – Kia Motors America (KMA) today brought the sights and sounds of the race track to the opening day of the 2014 Specialty Equipment Market Association (SEMA) Show. Just five years after the brand boldly announced its intention to enter professional motorsports in the U.S. at the 2009 SEMA Show, [...]
SEOUL, Oct. 9, 2014 (Korea Bizwire) — Since declaring design management as a core driver of the company’s future growth and the hiring of President & Chief Design Officer Peter Schreyer in 2007, Kia Motors Corporation’s brand value has skyrocketed by 480% from US$929 million to US$5.4 billion, according to Interbrand’s exclusive list of 100 [...]
IRVINE, Calif., Sept. 2 (Korea Bizwire) – Kia Motors America (KMA) is kicking off the implementation of a robust charging network in advance of the Soul EV going on sale in California during the third quarter of this year. With Kia’s addition of 17 new DC fast chargers to California’s already-existing network of 198, charger availability will [...]
IRVINE, Calif., August 21, 2014 – Since bursting on the scene in 2009 as “a new way to roll,” the funky Soul urban passenger vehicle – and an accompanying trio of music-loving hamsters – has become a genuine phenomenon, with U.S. sales of the iconic people mover increasing every year. Now, with “geek chic” newly [...]
SEOUL, Aug. 21 (Korea Bizwire) – LG Chem will supply electric car battery packs to Germany’s Audi, a Volkswagen Group company. As the Korean battery maker secures more than a half of the world’s top-ten auto manufacturers as clients, it is in an enviable position to take the leadership in the fast-emerging eco-friendly car battery market. The LG [...]
IRVINE, Calif., Aug. 8 (Korea Bizwire) – Coming off a record-breaking sales performance in the first half of 2014, the Kia Soul has been named to the list of 10 Best Back-to-School Cars by Kelley Blue Book’s KBB.com. All new for the 2014 model year, the Soul sold an individual nameplate record 74,999 units in [...]