SEOUL, June 5 (Korea Bizwire) — Toyota Motor Korea on Monday launched the flagship Crown crossover as it beefs up its product lineup to boost sales, which remained weak for years due to trade tension between Seoul and Tokyo. The Crown crossover utility vehicle (CUV) comes with two power trains, one with a 2.4-liter dual [...]
SEOUL, Feb. 21 (Korea Bizwire) — Toyota Motor Corp. said Tuesday it will launch two all-electric models under the Toyota and Lexus brands in South Korea this year to compete with its rivals amid the accelerating electrification push. The Japanese carmaker plans to introduce the Lexus RZ SUV and the Toyota bZ4X SUV in the [...]
KUALA LUMPUR, MALAYSIA, Feb. 17 (Korea Bizwire) – Toyota Mobility Foundation (TMF) has entered into an agreement with the Malaysia Digital Economy Corporation (MDEC) to launch the City Architecture for Tomorrow Challenge (CATCH). This is the region’s first global challenge that will attract innovative, data-driven entries from global participants. The aim is to raise efficiency [...]
SEOUL, Jan. 31 (Korea Bizwire) — The government will conduct intensive tests on automobiles produced by Toyota Motor Corp. after Russian authorities detected high levels of radiation on Toyota car exports to Vladivostok. Whether the recent measure will expand to all Japanese car producers has yet to be confirmed. The Korea Customs Service (KCS) designated [...]
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 [...]
SEJONG, Jan. 15 (Korea Bizwire) — South Korea’s antitrust watchdog said Tuesday that it has fined Toyota Motor Korea Co. 817 million won (US$729,000) for deceptive advertising of its RAV4 sport utility vehicle. Toyota Motor Korea advertised that its RAV4 obtained a top safety pick in five test categories, including the driver’s side small overlap [...]
SEOUL, Dec. 25 (Korea Bizwire) — Lexus ES300h gasoline hybrid model has become the first imported hybrid to post accumulated sales exceeding 20,000 units in South Korea, the Japanese carmaker’s local office said Monday. The ES300h was launched in the Korean market in 2012, with total sales hitting 6,112 models sold last year, accounting for [...]
TOKYO, Oct 3 (Korea Bizwire) - Lexus plans to exhibit its soon-to-be-launched, all-new “LS” flagship sedan among 11 production models it intends to display at the 45th Tokyo Motor Show 2017, where it also plans to hold the world premiere of a new concept car. The LS is to be joined by the “LC” luxury flagship [...]
SEOUL, Sept. 4 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, saw their sales growth in Chile slow down this year due to the won’s strength, a state-run trade promotion agency said Monday. In the January-July period, Hyundai’s sales in the Latin American market grew 11 percent on-year to 17,276 [...]
SEOUL, April 10 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, topped the list of auto sales in Peru, in February, aided by a sharp rise in demand for small passenger vehicles, industry data showed on Monday. According to the data compiled by the the Korea Trade-Investment Promotion Agency (KOTRA), Hyundai Motor sold [...]