SEOUL, March 31 (Korea Bizwire) — Volkswagen Group Korea said Thursday it will launch a total of 22 new and upgraded models under its four brands this year to boost sales amid the prolonged COVID-19 pandemic. The 22 models include the Volkswagen ID.4 all-electric SUV, the Audi A3 compact and Q4 e-tron, and several new [...]
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 [...]
SEOUL, July 22 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Thursday it recently began supplying tires for Volkswagen’s all-electric ID.4 SUV this year. Hankook Tire has provided the high-performance Ventus S1 evo3 ev tires for the ID.4 model since the second quarter of the year, the company [...]
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 [...]
SEOUL, March 22 (Korea Bizwire) — Mando Corp., a South Korean auto parts maker, said Monday it has struck a deal to supply automotive suspension systems to Volkswagen Group. The deal is valued at 1.4 trillion won (US$1.2 billion), the company said in a regulatory filing. Mando said it will build 50 million suspension components [...]
SEOUL, Aug. 23 (Korea Bizwire) — A Seoul court on Friday ordered Volkswagen, Audi and their Korean unit to compensate local consumers for mental distress caused by their emission manipulation scheme and improper recalls. The Seoul Central District Court issued a ruling on a lawsuit filed by some Korean owners of Audi and Volkswagen cars [...]
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 [...]
Hyundai Motor’s Nexo SEOUL, Jun. 22 (Korea Bizwire) — Hyundai Motor has agreed to team up with the world’s leading car maker, Volkswagen, to collaborate on hydrogen car technology, a move, experts say, is bound to create ripples within the global automobile industry. Hydrogen cars have been lauded by environmentalists as part of the “post-electric” [...]
SEOUL, April 6 (Korea Bizwire) — Audi Volkswagen Korea (AVK) said Friday that 25 percent of all cars it aims to sell in South Korea by 2020 will be electric vehicles as the German carmaker moves toward a “greener” model lineup. The announcement to strengthen its electric vehicle (EV) models is in line with the [...]
SEOUL, Feb. 1 (Korea Bizwire) — Volkswagen Group resumed vehicle sales in South Korea by launching the Passat sedan Thursday after a one and a half year suspension triggered by the “diesel gate” emissions cheating scandal. The German carmaker “plans to resume sales of its three models, including the Passat, the Tiguan sport utility vehicle [...]