SEOUL, Jan. 30 (Korea Bizwire) — General Motors Co. said Monday it will launch the all-new global product Trax Crossover in South Korea and a Cadillac electric vehicle (EV) this year, a move that underscores its commitment to the Korea market. GM plans to introduce six new and upgraded models, including the Trax Crossover and [...]
SEOUL, March 31 (Korea Bizwire) — Volkswagen Group Korea said Thursday it will launch a total of 22 new and upgraded models under its four brands this year to boost sales amid the prolonged COVID-19 pandemic. The 22 models include the Volkswagen ID.4 all-electric SUV, the Audi A3 compact and Q4 e-tron, and several new [...]
SEOUL, May 27 (Korea Bizwire) — BMW on Wednesday unveiled the face-lifted 5 and 6 Series models in South Korea to show its “strong and unwavering” commitment to the Northeast Asian market due to robust demand for its models. The German carmaker held a digital world premiere at its driving center in Incheon, just west [...]
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, Jan. 9 (Korea Bizwire) — Toyota Motors Corp. said Thursday it will launch four new models in South Korea in the first half of the year to jump-start its lackluster sales amid trade tensions between Seoul and Tokyo. Toyota Motors plans to introduce the gasoline-powered GR Supra sports car on Jan. 21, the Camry’s [...]
SEOUL, Nov. 6 (Korea Bizwire) — A lack of new models this year is adversely affecting car sales by GM Korea Co. and Renault Samsung Motors Co. in the South Korean market, industry observers said Sunday. The drop in demand is making it unlikely that the two carmakers will meet their respective sales targets for [...]
SEOUL, Jan. 5 (Korea Bizwire) – Carmakers in South Korea are rushing to unveil their new models in an apparent bid to preempt the domestic market this year by appealing to customers with upgraded and enhanced functions and designs, industry sources said Tuesday. Hyundai Motor Co., the country’s largest automaker, plans to launch the Ioniq [...]