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S. Korea to Slap Record 77.6 bln-won Fine on Mercedes Benz for Manipulating Emissions

S. Korea to Slap Record 77.6 bln-won Fine on Mercedes Benz for Manipulating Emissions

SEOUL, May 6 (Korea Bizwire) — The South Korean government said Wednesday that it will slap a 77.6 billion-won (US$63.4 million) fine on Mercedes-Benz Korea for fabricating emissions data of its diesel cars sold between 2012 and 2018. The South Korean unit of the German carmaker was found to have submitted falsified emissions reports for [...]

Mercedes-Benz Distributes Largest Shareholder Dividends in S. Korea

Mercedes-Benz Distributes Largest Shareholder Dividends in S. Korea

SEOUL, April 6 (Korea Bizwire) — Mercedes-Benz disbursed the largest dividends to shareholders after dominating the South Korean imported car market last year. Mercedes-Benz Korea and Mercedes-Benz Financial Services Korea reported dividends of 138 billion won (US$112 million) for 2019, up by 32.4 percent from 2018. Mercedes-Benz sold 78,133 cars last year, up 10.4 percent [...]

Mercedes-Benz Outshines in Korean Auto Market in September

Mercedes-Benz Outshines in Korean Auto Market in September

SEOUL, Oct. 6 (Korea Bizwire) — Mercedes-Benz ranked third in September sales after Hyundai Motor Co. and Kia Motors Corp., beating three other domestic carmakers, industry data showed Sunday. The German carmaker sold 7,707 vehicles in the Korean passenger car market last month, a whopping rise from 1,943 units a year earlier, according to data [...]

Mercedes-Benz E-Class Described as Car for “Success” and “Car Poor”

Mercedes-Benz E-Class Described as Car for “Success” and “Car Poor”

SEOUL, Aug. 6 (Korea Bizwire) — After reaching a sales record of 100,000 vehicles three years after its introduction, the 10th Generation Mercedes-Benz E-Class is perceived by many as a vehicle for high-income, dual-breadwinner couples, according to a recent survey. Mercedes-Benz Korea (MBK) conducted an analysis of some 21 billion sources of data related to [...]

Mercedes-Benz Outsells Local Carmakers for 4th-place Finish in Jan.

Mercedes-Benz Outsells Local Carmakers for 4th-place Finish in Jan.

SEOUL, Feb. 11 (Korea Bizwire) — Mercedes-Benz outsold local carmakers to finish fourth in domestic sales in January, industry data showed Monday. The South Korean unit of the German automaker sold 5,796 vehicles last month, equal to 4 percent of the total 114,632 vehicles. The sum places it fourth after Hyundai Motor (31.2 percent), Kia [...]