SEOUL, Nov. 22 (Korea Bizwire) — Porsche, a high-end sports car brand, is at the center of criticism as the company reportedly demonstrated inappropriate behavior not only towards customers, but also towards the South Korean government. Yonhap News TV reported that a Porsche worth over 100 million won (US$ 88,500) stopped due to engine failure, [...]
SEOUL, Nov. 9 (Korea Bizwire) – The local units of Mercedes-Benz, BMW and Porsche have been fined a combined 70.3 billion won (US$63.1 million) for falsifying documents required for government certification that grants them domestic sales, the environment ministry said Thursday. The three foreign automakers were found to have forged certain specifications or types of the vehicles’ parts to make it look as though they meet the local standards, between [...]
SEOUL, Nov. 29 (Korea Bizwire) – The South Korean government said Tuesday it will ban sales of six models by three foreign automakers, accusing them of fabricating reports to win sales approval from the local government. The Ministry of Environment said it detected defects in the certification documents of 10 vehicle models from the local [...]
SEOUL, March 10 (Korea Bizwire) – With restrictions on the accounting of vehicles for business use becoming stricter, the number of imported cars being used as corporate vehicles has dropped to a historic low. Vehicles from brands such as Rolls-Royce, Bentley, Porsche, Jaguar, Lexus, Audi and BMW that were purchased as corporate cars and then [...]
SEOUL, July 18 (Korea Bizwire) – Porsche Asia Pacific closed its first half with a sales performance of 2,741 cars sold during the six-month period between January and June, up 22.5 percent from a year ago. The company attributed its success to the launch of the new Cayman and new Cayman S, as well as [...]