SEJONG, May 4 (Korea Bizwire) — Renault Samsung Motor, the local unit of French automaker Renault SA, is recalling more than 20,000 units of its QM3 crossover SUV due to the defective brake system, the transportation ministry said Monday. A potential problem in the QM3 mini SUVs could corrode the brake hose and cause the brake system [...]
SEOUL, April 30 (Korea Bizwire) — South Korea’s car imports outpaced combined exports by three major automakers for the first time in the first quarter, industry data showed, indicating that the foreign car market is fast growing here. According to the data, South Korea imported US$2.5 billion worth of vehicles during the January-March period, up [...]
SEOUL, April 16 (Korea Bizwire) — Audi Volkswagen Korea, the local importer of the German company, outpaced GM Korea in domestic sales last year, signaling a change in the car market that has been long dominated by major local makers, industry data showed Thursday. Audi Volkswagen Korea reported to financial authorities here that its domestic sales [...]
SEOUL, April 13 (Korea Bizwire) — Renault Samsung Motor, the local unit of French automaker Renault S. A., saw its profit surge last year thanks to strong sales of cars at home and abroad, a result that far outperformed GM Korea, its larger rival operating in South Korea, data showed Monday. In a regulatory filing, Renault [...]