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Sales of Imported Vehicles Plunge after Volkswagen Scandal

Sales of Imported Vehicles Plunge after Volkswagen Scandal

SEOUL, Aug. 5 (Korea Bizwire) – Sales of Volkswagen vehicles have dropped significantly after the German company’s falsified emissions data scandal, and the ramifications are reaching other imported carmakers as well. According to data compiled by the Korea Automobile Importers and Distributors Association (KAIDA), Volkswagen sold only 425 vehicles last month, which was a considerable drop [...]

LG Chem Signs with Germany’s Audi to Supply Electric Car Batteries

LG Chem Signs with Germany’s Audi to Supply Electric Car Batteries

SEOUL, Aug. 21 (Korea Bizwire) – LG Chem will supply electric car battery packs to Germany’s Audi, a Volkswagen Group company. As the Korean battery maker secures more than a half of the world’s top-ten auto manufacturers as clients, it is in an enviable position to take the leadership in the fast-emerging eco-friendly car battery market. The LG [...]