SEOUL, March 2 (Korea Bizwire) — Mercedes-Benz Korea on Tuesday added its most luxurious SUV model to the lineup to gain a bigger share in the South Korean market. The German carmaker has launched the Mercedes-Maybach GLS 600 4MATIC SUV equipped with a twin-turbo, 4.0-liter V8 M177 engine at 257 million won (US$230,000), the company [...]
SEOUL, Feb. 2 (Korea Bizwire) – Mercedes-Benz Korea has requested a Seoul court cancel a multibillion-won fine imposed on the company for manipulating diesel emissions in the country, judicial sources said Tuesday. The German carmaker filed a lawsuit against the environment ministry in October with the Seoul Administrative Court, seeking the cancellation of a 77.6 billion-won (US$69.3 [...]
SEOUL, Jan. 27 (Korea Bizwire) — Mercedes-Benz Korea said Wednesday it will launch two additional all-electric models this year to gain a share in the burgeoning local EV market. The German carmaker plans to roll out the new EQA and the new EQS in the Korean market in the first and second half, respectively. In [...]
SEOUL, Jan. 13 (Korea Bizwire) – South Korea’s transport ministry said Wednesday that a Mercedes-Benz S Series model became the first model that will be exchanged for malfunctions under a local lemon law. The Ministry of Land, Infrastructure and Transport said it held an experts’ review committee meeting last month to decide whether the Mercedes-Benz [...]
SEOUL, Aug. 27 (Korea Bizwire) — Mercedes-Benz said Thursday it will launch three new SUVs in South Korea as it seeks to cement its leading status in the country’s imported car market. The German carmaker will launch the three all-new SUV models — the Mercedes-Benz GLB, the Mercedes-Benz GLA and the Mercedes-Benz GLE Coupe — [...]
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 [...]
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 [...]
SEOUL, Jan. 28 (Korea Bizwire) — The majority of the customers looking for imported cars are in their 30s, a recent study has showed. The Korea Automobile Importers and Distributors Association reported that among 244,780 cars sold in the imported car market, 153,677 cars were sold to private individuals. Among them, customers in their 30s [...]
SEOUL, Jan. 14 (Korea Bizwire) — Mercedes-Benz Korea said on Tuesday it will introduce several new and upgraded models this year to gain a bigger share of South Korea’s passenger vehicle market. In 2020, the German luxury carmaker plans to launch nine new and six facelifted models, including ones from sub-brands EQ, Mercedes-AMG and Mercedes-Maybach, [...]
SEOUL, Dec. 3 (Korea Bizwire) — Mercedes-Benz Korea on Tuesday launched car rental services as it moves to gain a bigger share in Asia’s fourth-biggest economy. Daimler Mobility AG, the financial affiliate of Mercedes-Benz, has set up Mercedes-Benz Mobility Korea (MBMK) to enable South Korean customers to rent its vehicles for one to five years, [...]