SEOUL, May 31 (Korea Bizwire) – French carmaker Renault S.A. is considering launching the Zoe electric vehicle (EV) in South Korea in 2019 on improving charging infrastructure and government subsidies, the company’s chief executive said Wednesday. “We are considering introducing the next-generation Zoe electric car in the South Korean market in 2019, but we need [...]
SEOUL, May 30 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it will unveil its brand new subcompact sport utility vehicle (SUV) locally on June 13 as it released a teaser image highlighting the car’s low silhouette and wide stance. South Korea’s largest carmaker by sales is set to make its foray into North American [...]
SEOUL, May 15 (Korea Bizwire) – Kia Motors Corp., South Korea’s second largest carmaker by sales, on Monday launched the country’s first plug-in hybrid sport utility vehicle model. The Niro plug-in hybrid can travel up to 840 kilometers — 40 kilometers on a single charge and 800 km on a combined gasoline-battery drive. The 1.6-liter [...]
SEOUL, April 13 (Korea Bizwire) – Hyundai Motor Co., South Korea’s dominant carmaker, has unveiled a concept SUV under its Genesis luxury brand at the New York Auto Show. The GV80 fuel-cell concept SUV is the first SUV model revealed by Hyundai Motor, on Wednesday, under the independent Genesis brand. The Genesis lineup is currently [...]
SEOUL, Apr. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle (SUV) models, data showed Sunday. The South Korean automobile companies sold a combined 4,358 hybrid vehicles in [...]
SEOUL, Feb. 15 (Korea Bizwire) – Ssangyong Motor Co., a local unit of Indian carmaker Mahindra & Mahindra Ltd., said Wednesday that it swung to the black last year, posting a net profit for the first time in nine years. Net profit came to 58.1 billion won (US$50.9 million) in 2016, compared with a net [...]
SEOUL, Feb. 15 (Korea Bizwire) – The first batch of 120 Kenbo 600s, a Chinese sport utility vehicle (SUV), sold out in South Korea, about one month after the vehicle debuted here, the Chinese car’s local importer said Wednesday. China-Korea Motor Co., the local importer and distributor of the Chinese vehicle, unveiled the Kenbo 600 [...]
INCHEON, Jan. 18 (Korea Bizwire) – BAIC Motor Corp.’s Kenbo 600 made its debut in South Korea on Wednesday, becoming the first Chinese passenger vehicle to be sold here. The SUV is marketed as the S6 in China, and it is imported and distributed here via the China-Korea Motor Co. The biggest strongpoint of the [...]
SEOUL, Dec. 20 (Korea Bizwire) – Ssangyong Motor Co., the local unit of Indian carmaker Mahindra & Mahindra Ltd., said Tuesday that it has sold more than 100,000 units of the Tivoli small SUV in the South Korean market alone, making it one of the best-selling cars in its history. The automaker said 100,025 units [...]
SEOUL, Dec. 14 (Korea Bizwire) – Ssangyong Motor Co., the country’s smallest automaker, said Wednesday it has shipped a total of 6,823 vehicles to Iran in the first 11 months of the year, with the figure expected to top 8,000 units this year. The automaker, the local unit of Indian carmaker Mahindra & Mahindra Ltd., [...]