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Volkswagen Korea Criticized for Offering Faster Delivery to Its Auto Loan Customers

Volkswagen Korea Criticized for Offering Faster Delivery to Its Auto Loan Customers

SEOUL, Sept. 29 (Korea Bizwire) — Criticism is mounting over Volkswagen Korea, which is allegedly delivering its brand-new model faster to customers who obtain financing from its auto finance service with an annual interest rate of more than 7 percent. According to industry sources, Volkswagen Korea’s official dealers are informing customers who make reservations for [...]

Umicore and Volkswagen AG to Create European EV Battery Materials Joint Venture

Umicore and Volkswagen AG to Create European EV Battery Materials Joint Venture

Umicore and Volkswagen AG plan to establish a joint venture to build up precursor and cathode material production capacities in Europe to supply Volkswagen AG’s European battery cell production, making a considerable contribution to the region’s transition towards cleaner mobility. This partnership will be the first of its kind in the European automotive market. It [...]

Nexen Tire N’FERA SPORT Selected as Original Equipment on Volkswagen Golf and SEAT Leon

Nexen Tire N’FERA SPORT Selected as Original Equipment on Volkswagen Golf and SEAT Leon

SEOUL, South Korea, June 15 (Korea Bizwire) — Nexen Tire, a leading global tire manufacturer, today announced that the N’FERA SPORT will feature as original equipment on Volkswagen’s eighth generation Golf and SEAT’s fourth generation Leon, fitted in size 225/45R17 91W. The Golf, also known as the “Hot Hatch,” is Volkswagen’s flagship model and has sold [...]

S. Korea to Ban Audi, Volkswagen, Porsche Models for Emission Rigging

S. Korea to Ban Audi, Volkswagen, Porsche Models for Emission Rigging

SEOUL, Aug. 20 (Korea Bizwire) — South Korea will ban domestic sales of eight models of Audi, Volkswagen and Porsche diesel cars for violating emissions regulations, the Ministry of Environment said Tuesday. The ministry said it will also slap fines on Audi Volkswagen Korea and Porsche Korea and seek a prosecution investigation. The ministry’s probe [...]