SEOUL, Apr. 14 (Korea Bizwire) — South Korea’s electric vehicle (EV) market is anticipated to expand more than fivefold by next year on the back of government subsidies to boost sales of the eco-friendly cars, ministry officials said Tuesday. As of the end of last year, the number of registered battery-powered cars in the country [...]
IRVINE, Calif., Mar. 12 (Korea Bizwire) – Kia Motors America (KMA) is proud to announce that U.S. News & World Report has honored the K900 flagship1 sedan and the 2015 Soul urban passenger vehicle with “Best Cars for Families” awards in the Luxury Large Car and Hatchback categories, respectively. U.S. News Best Cars, the automotive channel [...]
SEOUL, Feb. 13 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker, said Friday that its first all-electric Soul EV has been named the best eco-friendly vehicle by MotorWeek, a popular U.S. auto-analyzing TV program. MotorWeek, which airs on PBS stations nationwide in the U.S, analyzes trends, new products and new technology to produce [...]
SEOUL, Feb. 10 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are facing growing challenges in emerging markets with their sales either shrinking or slowing in growth, industry data indicated Tuesday. According to data from the Korea Automotive Research Institute and other industry groups, Hyundai and Kia, South Korea’s No. [...]
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 [...]