SEOUL, April 20 (Korea Bizwire) — Volkswagen Korea will launch the 2023 model of its first electric vehicle, the ID.4, in June. The new model is powered by the MEB platform and an 82 kWh battery, with increased peak power and torque compared to the previous model. The 2023 ID.4 also has an increased range [...]
SEOUL, Jan. 11 (Korea Bizwire) — The Supreme Court on Tuesday upheld a lower court’s decision to sharply reduce the fine for Audi Volkswagen Korea (AVK) and clear the company of most of the charges in its diesel emissions scandal. The top court said it approved the Seoul High Court’s order last September, calling on [...]
SEOUL, Sept. 3 (Korea Bizwire) — A Seoul appeals court sharply reduced the fine for Audi Volkswagen Korea (AVK) on Friday after clearing the company of much of the charges in its diesel emissions scandal. The Seoul High Court ordered the South Korean unit of the German carmaker to pay a 1.1 billion won (US$950,800) [...]