SEOUL, Nov. 24 (Korea Bizwire) — Mercedes-Benz Financial Services Korea (MBFSK), the South Korean unit of Mercedes-Benz Group AG’s financial and mobility services division, is being criticized for predatory lending practices. It has been pointed out that MBFSK is offering high-interest-rate loans to new customers after borrowing at low interest rates from its German headquarters. [...]
SEOUL, Oct. 18 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Tuesday it has recently begun to supply chassis modules for Mercedes-Benz AG’s four all-electric EV models assembled in the United States. Hyundai Mobis became the first non-European supplier of chassis modules for the German carmaker, the company said in [...]
SEOUL, April 12 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Tuesday it started supplying tires for Mercedes-Benz’s S-Class sedan last year. Hankook Tire has been providing the high-performance tires, including Ventus S1 Evo3 and Ventus S1 Evo3 run-flat products, since early last year in the form of [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s antitrust regulator said Sunday it has decided to fine Mercedes-Benz 20.2 billion won (US$16.87 million) for falsified information on gas emissions of its diesel cars and ordered it to take corrective actions. Mercedes-Benz was found to have tampered with pollution mitigation devices by installing illegal software in [...]
SEOUL, Jan. 25 (Korea Bizwire) — Mercedes-Benz Korea said Tuesday it will continue to beef up its electric vehicle lineup in South Korea to meet changing customer demands and follow the automobile industry trends. The German carmaker plans to launch four all-new and two facelifted models in Korea, its fifth-biggest passenger vehicle market, this year, [...]
SEOUL, Jan. 4 (Korea Bizwire) — Excluding Hyundai Motor Co. and Kia Corp., foreign car brands emerged as the winners in the South Korean car market last year. According to the Korea Automobile Importers and Distributors Association, BMW Group Korea and Mercedes-Benz Korea sold 69,400 units and 61,436 units in the Korean market during the [...]
SEOUL, Nov. 25 (Korea Bizwire) — Mercedes-Benz Korea said Thursday it will add an all-electric sedan this year to its EV lineup amid a growing appetite for zero-emission vehicles. The German carmaker introduced the new EQS, the first pure electric sedan built on its dedicated electric modular architecture, during the media day of the 2021 [...]
SEOUL, Nov. 3 (Korea Bizwire) — The government will seek punitive measures against South Korean units of Mercedes-Benz and Stellantis for manipulating emissions control systems in diesel vehicles, officials said Wednesday. The Ministry of Environment announced Mercedes-Benz Korea and Stellantis Korea were found to have tampered with pollution mitigation devices so they would perform at [...]
SEOUL, Oct. 6 (Korea Bizwire) — LG Electronics Inc. said Wednesday its Advanced Driver Assistance Systems (ADAS) front camera co-developed with Daimler AG will be used in Mercedes-Benz C-Class vehicles. An ADAS front camera, usually tucked between the windshield and the rearview mirror, is considered the “eye” of a smart vehicle as it collects various [...]
SEOUL, Sept. 24 (Korea Bizwire) — BMW became this year’s most chosen car by Korean men, while Mercedes-Benz became the most popular choice for Korean women. The Korea Automobile Importers and Distributors Association reported that private consumers in South Korea bought 123,079 imported cars between January and August of this year. Among them, men bought [...]