SEOUL, Jan. 1 (Yonhap) — Hyundai Motor Group, South Korea’s biggest carmaker by sales, said Wednesday it will launch the Genesis GV80 SUV in the domestic market this month to strengthen its SUV lineup. Hyundai has released the first images of the GV80, the first SUV model to be sold under Hyundai’s independent Genesis brand… Continue reading Hyundai to launch Genesis GV80 SUV in S. Korea this month
Author: Yonhap Online News
Auto exports down for 4th month on weak demand from Asia
By Kang Yoon-seung SEOUL, Dec. 13 (Yonhap) — South Korea’s automobile exports dropped 8.6 percent in November from a year earlier to extend its on-year drop to a fourth month due to weak demand from Asian countries and decreased shipments of original equipment manufacturing orders, data showed Friday. South Korean carmakers shipped 217,498 units of… Continue reading Auto exports down for 4th month on weak demand from Asia
(LEAD) Kia aims to sell 70,000 K5s in S. Korea next year
(ATTN: CHANGES photo, headline and lead; ADDS sales target and CEO comment in paras 2-3)By Choi Kyong-ae SEOUL, Dec. 12 (Yonhap) — Kia Motors Corp., South Korea’s second-biggest carmaker, said Thursday it is targeting to sell 70,000 units of the all-new K5 in the domestic market next year. Kia K5 midsize sedan went on sale… Continue reading (LEAD) Kia aims to sell 70,000 K5s in S. Korea next year
Kia’s all-new K5 goes on sale in S. Korea
By Choi Kyong-ae SEOUL, Dec. 12 (Yonhap) — Kia Motors Corp., South Korea’s second-biggest carmaker, on Thursday began to sell its all-new K5 sedan in the domestic market to boost sales. The third-generation K5 midsize sedan is available in four trims — 2.0-liter gasoline, 1.6-liter turbocharged gasoline, 2.0-liter LPi and 2.0-liter gasoline hybrid engine models… Continue reading Kia’s all-new K5 goes on sale in S. Korea
(LEAD) SsangYong Motor Q3 net losses widen on weaker demand
(ATTN: ADDS CEO’s comment in 3rd para, details throughout) SEOUL, Oct. 18 (Yonhap) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Friday its net losses widened in the third quarter from a year earlier on weak sales. Net losses for the July-September quarter deepened to 107.9 billion… Continue reading (LEAD) SsangYong Motor Q3 net losses widen on weaker demand
SsangYong Motor Q3 net losses widen on weaker demand
SEOUL, Oct. 18 (Yonhap) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Friday its net losses widened in the third quarter from a year earlier on weak sales. Net losses for the July-September quarter deepened to 107.9 billion won (US$92 million) from 18.2 billion won a year… Continue reading SsangYong Motor Q3 net losses widen on weaker demand
Hyundai Motor launches energy storage system business
SEOUL, Sept. 27 (Yonhap) — Hyundai Motor Co. said Friday it will partner with a state-run renewable energy developer to recycle its used car batteries into energy storage systems. In a pilot project that will run until 2021, Hyundai Motor and Korea Hydro & Nuclear Power Co. (KHNP) will operate an energy storage project in… Continue reading Hyundai Motor launches energy storage system business
Hyundai Motor union OKs wage deal without strike
SEOUL, Sept. 3 (Yonhap) — Hyundai Motor Co.’s union approved this year’s wage and collective bargaining agreement, avoiding a strike for the eighth consecutive year, the union said Tuesday. In a vote held Monday, 56 percent of 43,871 participating Hyundai workers cast a ballot for a revised wage and collective bargaining deal, the union said… Continue reading Hyundai Motor union OKs wage deal without strike
Renault Samsung’s Aug. sales rise 2 pct on SUVs
SEOUL, Sept. 2 (Yonhap) — Renault Samsung Motors Corp. said Monday its sales rose 2 percent last month from a year earlier on robust sales of SUVs. Renault Samsung sold 12,987 vehicles in August, up from 12,733 units the previous year, the company said in a statement. Domestic sales rose 9.3 percent to 7,771 units… Continue reading Renault Samsung’s Aug. sales rise 2 pct on SUVs
Volkswagen to introduce 5 SUVs to revive sales in S. Korea
SEOUL, Aug. 29 (Yonhap) — Volkswagen Korea will introduce five sport utility vehicles in the coming years as it seeks to regain consumer confidence and revive sales that have been lackluster following the diesel emissions cheating scandal in 2016, a company executive said Thursday. The German carmaker plans to introduce five SUVs in South Korea… Continue reading Volkswagen to introduce 5 SUVs to revive sales in S. Korea