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, [...]
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 [...]
SEOUL, Aug. 21 (Korea Bizwire) — Mercedes-Benz said Wednesday it has invested 87 billion won (US$72 million) in its South Korean logistics center in the past five years to better serve local customers. The German carmaker initially invested 52 billion won to establish the Logistics Center Korea in Anseong, 80 kilometers south of Seoul, in [...]
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 [...]
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 [...]
SEOUL, Nov. 8 (Korea Bizwire) — Markus Schaefer, the head of production planning at Mercedes-Benz, predicted that South Korea is on the path to becoming a “hot spot” for future car-related fields such as telematics, navigation systems, and connected cars, adding that the German automaker would be working closely with the nation in these key [...]