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 [...]
SEOUL, April 10 (Korea Bizwire) – South Korea sent back 2,500 vehicles manufactured by Audi and Volkswagen in line with the government’s sales ban following the German carmakers’ emissions scandal last year, industry sources said Monday. According to the sources, the automobiles, including Tiguan and Golf models, have been held at a port in Pyeongtaek, [...]
SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s Samsung SDI Co. will supply its electric-vehicle batteries to Volkswagen’s new 2017 e-Golf, an industry source said Wednesday. “The new e-Golf equipped with a Samsung battery will go on sale in global markets this spring,” the source told Yonhap News Agency. Samsung SDI and LG Chem Ltd. [...]
SEOUL, Feb. 24 (Korea Bizwire) – A Seoul court on Friday held the first hearing on a compensation suit filed by hundreds of South Korean customers against German carmaker Volkswagen over vehicles with manipulated emissions data. During the hearing held at the Seoul Central District Court, a total of 259 plaintiffs demanded the cancellation of [...]
SEOUL, Feb. 21 (Korea Bizwire) – Audi Volkswagen Korea has finally come up with a solution to save itself from plunging consumer confidence – an 871-dollar (1 million won) voucher to each of its car owners as part of a program rather ironically dubbed the “We Care Campaign” – the first compensation of any kind [...]
SEOUL, Jan. 18 (Korea Bizwire) – A senior executive of German carmaker Volkswagen visited Seoul prosecutions’ office on Wednesday and apologized to South Korean customers for the emissions scandal surrounding some of its vehicles. Francisco Javier Garcia Sanz, a member of Volkswagen AG’s Board of Management, visited the Seoul Central District Prosecutors’ Office to discuss [...]
SEJONG, Jan. 12 (Korea Bizwire) – The South Korean government said Thursday it has approved German carmaker Volkswagen’s recall measures for its sports utility vehicles that were found to have been sold in the country using fake emissions-related documentation. The Ministry of Environment said the recall plan for 27,000 Tiguans submitted by the auto giant [...]
SEOUL, Jan. 11 (Korea Bizwire) – Seoul prosecutors on Wednesday indicted former and incumbent chief executives of Volkswagen’s Korea operations on charges of fabricating official documents, wrapping up a year-long investigation into the German carmaker’s emissions cheating scandal. Johannes Thammer, who has led Audi Volkswagen Korea (AVK) since late 2012, was charged with violating the [...]
SEOUL, Jan. 6 (Korea Bizwire) – An executive at the local unit of Volkswagen was sentenced to a year and a half in prison Friday on charges of fabricating reports that came to light following the German carmaker’s emissions scandal. The Seoul Central District Court found the executive, identified only by his surname Yoon, guilty [...]
SEOUL, Dec. 26 (Korea Bizwire) – The Ministry of Environment announced Monday a revision to the Clean Air Conservation Act in an effort to improve the country’s legal framework and toughen penalties in the case of a “second” VW emissions scandal that may arise in the future. To begin with, the revision will allow the [...]