SEOUL, April 29 (Korea Bizwire) — The rankings for sales of imported cars have undergone significant changes this year, with Mercedes-Benz, BMW, Audi, and Volkswagen no longer dominating the market. In the first quarter of this year, Volvo has overtaken Volkswagen to claim the fourth spot, while new players such as Lexus and Porsche are [...]
SEOUL, March 14 (Korea Bizwire) – Volvo Cars said Tuesday it is targeting a 20 percent on-year sales growth in South Korea this year helped by electric models and investments in local aftersales facilities. The Sweden-based carmaker sold a total of 14,431 vehicles in Asia’s fourth-biggest economy in 2022, down 4 percent from 15,053 units [...]
SEOUL, Sept. 27 (Korea Bizwire) – Volvo Car Korea Co. said Tuesday its accumulated vehicle sales will exceed 100,000 units this year after reporting a double-digit annual sales growth in the past decade in Asia’s fourth-biggest economy. South Korea emerged as the 10th-biggest market for the Sweden-based carmaker last year from the 28th market in [...]
SEOUL, Feb. 15 (Korea Bizwire) — Volvo Car Korea Co. on Tuesday launched the Volvo brand’s first pure electric model, the C40 Recharge SUV, as part of the Swedish carmaker’s electrification push. The C40 Recharge is one of seven all-electric models to be released by Volvo Cars by 2030. The Swedish carmaker aims to become [...]
SEOUL, Oct. 13 (Korea Bizwire) — Volvo is setting new records in sales performance. According to the Korea Automobile Importers and Distributors Association, Volvo Car Korea sold 1,259 units this month, for a total of 11,193 units this year this far. Unlike in 2015, when Volvo’s sales performance was one-eighth (4,238 units) of Audi’s (32,538 [...]
SEOUL, Sept. 15 (Korea Bizwire) – Volvo Cars Korea introduced an infotainment system that features best-optimized navigation and sound recognition function for the South Korean market. Volvo Car Korea held an online media event titled New Volvo Experience on Tuesday. During this event, the company unveiled an integrated infotainment service in the new XC60, the [...]
SEOUL, July 29 (Korea Bizwire) – South Korean television announcer couple Choi Dong-seok and Park Ji-yoon were recently involved in a horrible car accident when the vehicle they were driving collided with a truck driving the wrong way on the highway. Despite the serious collision, Choi, Park and their children all escaped serious injury, raising [...]
SEOUL, June 18 (Korea Bizwire) — Volvo Car Korea said Thursday it will invest 150 billion won (US$124 million) over the next three years to expand its after-sales service centers to better serve customers. Volvo Car Korea plans to nearly double the number of service centers to 52 and that of repair centers to 312, [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co. said Monday its car infotainment system will be installed in Volvo vehicles sold in South Korea. Under the partnership with Volvo Car Korea Co., the South Korean telecommunications firm will supply its in-vehicle infotainment (IVI) system and will cooperate to develop IVI-related technologies. SK Telecom said [...]
SEOUL, Jan. 7 (Korea Bizwire) — Volvo Cars Korea said Tuesday it aims to sell 12,000 vehicles this year on higher demand for its SUVs. The 2020 sales target is 14 percent higher than the carmaker’s sales of 10,570 vehicles last year, according to data from the Korea Automobile Importers and Distributors Association (KAIDA). Volvo’s [...]