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 [...]
SEOUL, Oct. 8 (Korea Bizwire) — Mercedes-Benz said Monday it will open a driving academy for customers in South Korea next month as part of efforts to boost sales in the growing Asian market. Mercedes-Benz Korea plans to launch three programs — AMG Performance, AMG Advanced and AMG for Ladies — in the AMG Driving [...]
SEOUL, Feb. 6 (Korea Bizwire) – Sales of imported vehicles in South Korea jumped 26 percent last month compared with a year earlier on increased supplies of popular brands and aggressive promotions, industry data showed Tuesday. The number of newly registered foreign vehicles rose to 21,075 in January from 16,674 a year earlier, the Korea [...]
SEOUL, Jan. 22 (Korea Bizwire) – Mercedes-Benz Korea said Monday it expects to maintain its strong growth in South Korea this year amid growing demand for luxury and high-performance vehicles. As South Korea’s economy is forecast to grow 3 percent this year and local demand for premium vehicles is on the rise, the German carmaker [...]
SEOUL, Dec. 15 (Korea Bizwire) – After much parrying and deflecting, Mercedes-Benz Korea will follow the example of automakers internationally and order a recall of vehicles equipped with problematic Takata airbags. All told, the recalled vehicles may total up to or over 30,000. The German automaker’s South Korea branch raised the ire of both the [...]
SEOUL, Nov. 23 (Korea Bizwire) – Mercedes-Benz has selected the glitzy Cheongdam neighborhood in Seoul as the location for a new high-tech digital showroom. Industry watchers believe that the move is motivated by a desire to gain a bigger share of the sizable luxury vehicle market. Figures by the Korea Automobile Importers and Distributors Association [...]
SEOUL, Nov. 9 (Korea Bizwire) — Despite massive recalls of Takata airbags that have been labeled as ‘dangerous’ in other countries, a number of foreign automobile manufacturers are refusing the South Korean government’s request to follow suit. According to the Ministry of Land, Infrastructure and Transport on Tuesday, 14 out of 17 car manufacturers in South [...]