SEOUL, May 23 (Korea Bizwire) — Although the total number of Korean cars exported this year thus far has dropped, the average unit price has risen due to the increase in exports of SUVs and luxury sedans. This is expected to help carmakers cash in on profits despite the industry’s overall slowed growth. According to [...]
SEOUL, Apr. 12 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Thursday unveiled the electric version of its Kona subcompact sport utility vehicle (SUV) in a stepped-up drive to diversify its lineup with environmentally friendly vehicles. Amid the rapid growth in the domestic electric vehicle market in recent years, Hyundai Motor is [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its corporate cousin Kia Motors Corp. posted increased sales of their sport-utility vehicle (SUVs) in the United States last month, though overall number of vehicles sold have not fully recovered, data showed Friday. In February, Hyundai Motor’s combined SUV sales jumped 19 percent to 18,111 [...]
Luc Donckerwolke, head of Hyundai and Genesis Design Center, (L) and Lee Kwang-guk, the chief of Hyundai’s domestic sales, pose for a photo beside the all-new Santa Fe SUV following its launch event at KINTEX exhibition hall in Ilsan. (image: Hyundai Motor) SEOUL, Feb. 21 (Korea Bizwire) — Hyundai Motor Co. said Wednesday that it [...]
NEW DELHI, Feb. 7 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-largest automaker by sales, rolled out a new compact SUV concept in India on Wednesday, heralding its full-fledged foray into the local market. The compact SP SUV concept was showcased at the 14th Auto Expo 2018, India’s largest motor show that kicked off near New Delhi for a week long run. Kia said the spacious compact SUV with a sleek design is the [...]
SEOUL, Feb. 1 (Korea Bizwire) — Kia Motors Corp.’s Niro has been named Green Car Journal’s 2018 top sport utility vehicle (SUV) of the Year in the United States, the company said Thursday. The Niro crossover, which went on sale early last year, beat rivals from Chevrolet, Mini and Volvo for the “Green SUV” title [...]
SEOUL, Jan. 9 (Korea Bizwire) – SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., on Tuesday launched a new sport utility vehicle to better capitalize on rising demand for SUVs. The SUV-focused carmaker aims to sell 30,000 Rexton Sports models, or 2,500 units a month, in the domestic market [...]
SEOUL, Jul. 26 (Korea Bizewire) — Renault Samsung Motors Corp. on Wednesday unveiled the upgraded QM3 subcompact SUV to better compete with rivals in the heavily contested local crossover vehicle market. In South Korea, five carmakers that have plants here — Hyundai Motor Co., Kia Motors Corp., Renault Samsung, GM Korea Co. and SsangYong Motor [...]
SEOUL, Jul. 25 (Korea Bizwire) — Kia Motors Corp., South Korea’s No. 2 carmaker by sales, has received 2,500 orders for its new subcompact SUV since its launch two weeks ago, the company said Tuesday. Kia Motors came up with the Stonic subcompact SUV to absorb growing demand for recreational vehicles amid a global economic [...]
SEOUL/PAJU, July 11 (Korea Bizwire) – A 108-kilometer, 100-minute drive found Hyundai Motor Co.’s subcompact sport-utility vehicle Kona unique among rivals in its class in terms of distinctive looks, a composed ride and top-of-the-line safety features, a good starting point for a vehicle that the carmaker is pinning high hopes on. In a mix of [...]