SEOUL, Apr. 5 (Korea Bizwire) –Mercedes-Benz Korea defied a drop in sales volumes last year to post record revenue nearing 800 billion won, buoyed by strong demand for its premium models costing over 100 million won apiece, the company’s financial filings showed. In its 2023 audited financial statements released on April 3, the German automaker’s [...]
SEOUL, Nov. 27 (Korea Bizwire) – Annual sales figures for Mercedes-Benz cars in South Korea have surpassed the 60,000 units mark, the first time a foreign car manufacturer has reached such lofty heights. This year has been another rosy year for Mercedes-Benz Korea with the 2017 E- Class series alone having sold 30,000 units, another sales [...]
SEJONG, Sept. 26 (Korea Bizwire) – South Korea’s antitrust watchdog said Tuesday that it has slapped a combined 1.78 billion-won (US$1.57 million) fine on Mercedes-Benz Korea and its dealerships for fixing labor costs for auto repairs. Mercedes-Benz Korea, the local unit and importer of German carmaker Daimler AG, allegedly suggested to eight dealerships fixing [...]
SEOUL, Jul. 23 (Korea Bizwire) — Mercedes-Benz Korea said Friday it will offer diesel engine software updates for over 110,000 vehicles in South Korea in line with the decision made for some three million cars sold in Europe. The response comes as South Korea’s environment ministry said it will start a probe next month to [...]
SEOUL, Sept. 5 (Korea Bizwire) – Nissan Korea Co., the South Korean importer of Nissan cars, will recall over 7,500 vehicles sold here for a software defect that may lead to air bag failures, the transportation ministry said Monday. The recall affects 7,574 units of four vehicles models — the Nissan Q50 sedan, the QX60 [...]
SEOUL, July 21 (Korea Bizwire) – Mercedes-Benz Korea announced that it has released a limited edition of its Mercedes-AMG GT S two-seat sports car for the domestic market. The Edition 1, which features a lightweight aluminum construction with a front mid-engine, provides a driving experience on par with a racing car, according to the company. The AMG [...]