SEOUL, Dec. 12 (Korea Bizwire) — The value of imported diesel-powered vehicles plunged 22 percent in the January-October period from a year earlier following Volkswagen’s diesel gate, a local trade association said Tuesday. The value of imported diesel cars fell to US$3.39 billion in the first 10 months from $4.99 billion in the same period [...]
SEOUL, Aug. 31 (Korea Bizwire) — Mercedes-Benz, Volkswagen and two vehicle importers will recall over 40,000 vehicles in South Korea for faulty parts, the transport ministry said Thursday. This is the latest in a series of recall orders issued by the Ministry of Land, Infrastructure and Transport to both domestic and foreign carmakers. The carmakers, [...]
SEOUL, Aug. 24 (Korea Bizwire) — Used car dealer SK Encar released a report on August 23 that showed that the Kia Ray and Mercedes Benz E-Class were the fastest-selling cars in their respective categories. The company combed through its website data from the past two months to compare the amount time from when a [...]
SEOUL, Aug. 3 (Korea Bizwire) – Audi Volkswagen Korea Ltd., a global sales unit of Audi AG, is speeding up preparations to resume sales in South Korea within this year, Seoul officials said Thursday. On July 25 last year, Audi Volkswagen Korea, which was selling passenger cars under marques such as Audi, Bentley, Lamborghini, Porshe [...]
SEOUL, Aug. 1 (Korea Bizwire) — With European authorities set to look into allegations of collusion involving a number of German carmakers, one South Korean lawyer has urged the government to follow suit to protect South Korean consumers. Ha Jong-sun, from the firm Barun Law, told the press on Monday that he had submitted a [...]
SEOUL, Jun. 7 (Korea Bizwire) — A Seoul court has ruled against dozens of South Koreans who sued the local unit of German carmaker Volkswagen for infringing on their right to health by rigging emissions data, officials said Tuesday. The Seoul Central District Court said that there is not sufficient evidence to corroborate the plaintiffs’ [...]
SEOUL, Jun. 7 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Tuesday it has hired Volkswagen China’s design director Simon Loasby in its latest efforts to better appeal to Chinese customers in the world’s largest auto market. The 49-year-old is set to join as executive director and head of Hyundai [...]
SEOUL, May 22 (Korea Bizwire) — German carmakers BMW and Mercedes-Benz sold more vehicles in South Korea in the January-April period compared to Japan, an industry association said Sunday. Vehicle sales by BMW and Mercedes-Benz jumped 48 percent and 32 percent year-on-year, respectively, to 18,115 and 24,877 units in the Korean market during the first [...]
SEOUL, May 18 (Korea Bizwire) – Audi Volkswagen Korea is expected to restart sales of its Audi models soon after months of suspension following emissions and certification scandals, auto industry officials said Thursday. The local unit of the German carmaker has already begun sales of the top luxury Bentley line this month, including the newly [...]
SEOUL, May 11 (Korea Bizwire) – BMW was the most popular foreign car maker in South Korea during the month of April, knocking Mercedes-Benz from its perch as sales leader for the first time. According to figures released by the Korea Automobile Importers & Distributors Association (KAIDA) yesterday, BMW sold 6,334 vehicles in April, amounting to [...]