SEOUL, July 26 (Korea Bizwire) – Imports of vehicles produced in Germany or by German automakers dropped for the first time in 13 years, apparently due to a large cut in inbound shipments of Volkswagen and Audi cars mired in an emissions scandal, industry data showed Tuesday. In the first five months of the year, [...]
SEOUL, July 6 (Korea Bizwire) – Sales of foreign cars in South Korea shed 3.5 percent on-year in June, weighed down by a slump of German automaker Volkswagen Group in the wake of a widening probe into its emissions scandal here, industry data showed Wednesday. A total of 23,435 units of imported cars were registered [...]
SEJONG, June 2 (Korea Bizwire) – Mercedes-Benz Korea, the local unit of the German luxury car brand, will recall 1,135 units of E-class sedans for problems with their powertrain control system, the transportation ministry here said Thursday. An error in the model’s powertrain software may fail to transmit engine power to the automatic transmission, causing a [...]
SEOUL, May 9 (Korea Bizwire) – Sales of foreign cars in South Korea dropped 2 percent on-year in April as some importers failed to secure a sufficient amount of cars to meet demand here, industry data showed Monday. According to the data compiled by the Korea Automobile Importers and Distributors Association, a total of 17,845 [...]
SEOUL, April 5 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, saw its sales of the Genesis luxury sedan spike over 30 percent on-year in March in the United States, heating up competition mostly driven by German brands, industry data showed Tuesday. According to the data, Hyundai Motor sold 3,197 units of the Genesis [...]
SEOUL, March 9 (Korea Bizwire) – LG Display Co. plans to supply advanced organic light-emitting diode (OLED) displays to Mercedes-Benz, industry sources said Wednesday, marking the first time for a carmaker to adopt the advanced screen. The South Korean display maker said it will supply the 12.3-inch P-OLED display to the New E-Class produced by the German carmaker. [...]
SEOUL, Feb. 25 (Korea Bizwire) - Major foreign brands selling cars in South Korea have decided not to offer any refunds to their customers despite the government’s recent tax cut, claiming that it has already been reflected in their ramped-up sales promotions, company officials said Thursday. The government ended a 1.5-percentage-point excise tax cut at the [...]
SEJONG, Dec. 7 (Korea Bizwire) - Mercedes-Benz and Maserati will recall 724 cars sold in South Korea for safety-related mechanical defects, the Ministry of Land, Infrastructure and Transport said Monday. German luxury carmaker Mercedes-Benz will make repairs on 721 S63 AMG 4Matic sedans for ignition problems. The defect has been determined to be caused by a [...]
SEJONG, Sept. 16 (Korea Bizwire) — The government is considering forcing carmakers to exchange or give refunds for defective cars that pose safety risks, a government official said Wednesday. The move is in response to a frustrated consumer publicly smashing his 200 million-won (US$169,200) Mercedes-Benz AMZ S63 with a baseball bat and a golf club [...]
BUSAN, August 5 (Korea Bizwire) – ‘Mercedes me Busan’, a pop-up store where customers can experience a new Mercedes-Benz model, will open at Gwangalli Beach in Busan, targeting young people. The concept of ‘Mercedes me Busan’ is a café where visitors can experience Mercedes’ values and sensibility. Smaller models such as the C class will be exhibited, [...]