(ATTN: ADDS details in paras 8-9) SEOUL, Aug. 29 (Yonhap) — Audi Volkswagen Korea said Thursday it will retroactively apply lemon laws on its vehicles sold since January in a move to boost declining sales in Asia’s fourth-biggest economy. The decision came as the German carmaker’s four brands — Audi, Volkswagen, Lamborghini and Bentley —… Continue reading (LEAD) Audi Volkswagen Korea to apply lemon laws for cars sold since Jan.
Author: Yonhap Online News
SK Innovation mulls building car battery plants in U.S., Europe
SEOUL, Nov. 14 (Yonhap) — SK Innovation Co., a South Korean energy-to-construction conglomerate, said Wednesday that it is considering building electric vehicle battery plants in the United States and Europe to meet growing demand for zero-emissions cars. SK Innovation said up to four unidentified areas have been shortlisted for its first plant in the U.S.… Continue reading SK Innovation mulls building car battery plants in U.S., Europe
Kia Motors’ vice president calls for strong ‘self-help’ efforts to boost productivity
SEOUL, Nov. 9 (Yonhap) — A senior official of Kia Motors Corp. called on its employees to push for strong “self-help” efforts to reduce unnecessary spending and boost productivity in a rare email message to them on Friday. Vice President Choi Jun-young sent the message amid a growing sense that the company is not performing… Continue reading Kia Motors’ vice president calls for strong ‘self-help’ efforts to boost productivity
SK Lubricants to supply gear oil to Malaysian carmaker Proton
SEOUL, Nov. 7 (Yonhap) — SK Lubricants Co., the world’s largest maker of high-quality Group III base oils by sales, said Wednesday that it has signed a deal to provide gear oil to Malaysian carmaker Proton, marking its first inroads into the Southeast Asian market. SK Lubricants said it will supply ATF SP3 gear oil… Continue reading SK Lubricants to supply gear oil to Malaysian carmaker Proton
Hyundai develops solar charging system for vehicles
SEOUL, Oct. 31 (Yonhap) — Hyundai Motor Group said Wednesday it has developed a solar charging system for vehicles in its ongoing effort to reduce carbon dioxide emissions. The solar charging system, which will be installed on the roof of a vehicle, will help gasoline-powered, electric and environment-friendly models reduce fuel costs, the group said… Continue reading Hyundai develops solar charging system for vehicles
(LEAD) Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs
(ATTN: ADDS Jan-Sept results in last para) SEOUL, Oct. 26 (Yonhap) — South Korea’s leading auto parts maker, Hyundai Mobis Co., said Friday its net profit fell 6.8 percent in the third quarter from a year earlier on the won’s strength and recall-related costs. Net profit for the three months ending on Sept. 30 fell… Continue reading (LEAD) Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs
Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs
SEOUL, Oct. 26 (Yonhap) — South Korea’s leading auto parts maker, Hyundai Mobis Co., said Friday its net profit fell 6.8 percent in the third quarter from a year earlier on the won’s strength and recall-related costs. Net profit for the three months ending Sept. 30 fell to 449.65 billion won (US$394 million) from 482.24… Continue reading Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs
(LEAD) Kia swings to net profit in Q3 due to base effect
(ATTN: ADDS details throughout) SEOUL, Oct. 26 (Yonhap) — Kia Motors Corp., an affiliate of Hyundai Motor Co., said Friday it swung to a net profit in the third quarter from a year earlier due to a low base effect. For the three months ending Sept. 30, Kia posted a profit of 297.74 billion won… Continue reading (LEAD) Kia swings to net profit in Q3 due to base effect
Kia swings to Q3 net profit due to base effect
SEOUL, Oct. 26 (Yonhap) — Kia Motors Corp., an affiliate of Hyundai Motor Co., said Friday it swung to a net profit in the third quarter from a year earlier due to a low base effect. For the three months ending Sept. 30, Kia posted a profit of 297.74 billion won (US$262 million) from a… Continue reading Kia swings to Q3 net profit due to base effect
Hyundai Motor inks MOU with Air Liquide, Engie
SEOUL, Oct. 17 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Wednesday that it has signed an initial agreement with French companies Air Liquide SA and energy firm Engie in the latest move to boost sales of hydrogen fuel-cell vehicles. Under the memorandum of understanding (MOU) signed in Paris on Tuesday,… Continue reading Hyundai Motor inks MOU with Air Liquide, Engie