Auto imports halve in July on end of tax favors, VW woes

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Auto imports halve in July on end of tax favors, VW woes

Imports of foreign cars in South Korea more than halved in July due to a large cut in sales of Volkswagen and Audi cars mired in the fake emissions scandal and the end of tax favors on car purchases, industry data showed Sunday.According to data from the Korea Automobile Manufacturers Asso...

Updated : 2016.08.28 09:51

Hyundai, Kia sales in China surge 30 percent

Hyundai Motor and its sister company Kia Motors saw a boost in sales last month in China, thanks to the popularity of sports utility vehicles there and the improved economic conditions, officials said...

Updated : 2016.08.25 16:07

[Photo News] World's first compact SUV Convertible

Jaguar Land Rover Korea hosts a showcase for the Range Rover Evoque Convertible, the world’s first compact SUV convertible, slated for launch in Korea in September, at Yeong Bin Gwan, Hotel Shilla in...

Updated : 2016.08.24 16:43

Audi to recall over 1,500 A8 cars for coolant leak

German automaker Audi AG will recall certain model years of A8 luxury passenger cars sold in South Korea for a coolant leak that may cause the car to lose power while driving and thus possibly lead to...

Updated : 2016.08.24 11:41

Kia Motors' Mexico sales more than double in July

South Korea's No. 2 automaker Kia Motors Corp. again renewed its monthly sales record in Mexico in July, market data showed Wednesday, suggesting its annual target of 50,000 cars will be anything but ...

Updated : 2016.08.24 10:30

Korean regulations continue to hinder development of autonomous cars: report

South Korea needs to further remove regulations to support the development of domestic autonomous or self-driving vehicles, a private think tank here said Wednesday.In a report, the Korea Economic Res...

Updated : 2016.08.24 09:39

Private-gov't body launches to foster hydrogen car sector

The South Korean government on Wednesday launched a consultative body of the public and private sectors in order to steer the hydrogen car industry to a leading growth engine of Asia's fourth-largest economy, the trade ministry here said.Led by the Ministry of Trade, Industry and Energy, t...

Updated : 2016.08.24 09:38

Ssangyong Motor reenters Philippines

By Ahn Sung-mi THE INVESTORSsangyong Motor is reentering the Philippine market after an eight-year hiatus, the company said Tuesday. The automaker, owned by India’s auto giant Mahindra & Mahindra, will begin selling its vehicles, including the brand’s popular Tivoli compact SUVs in the c...

Updated : 2016.08.23 17:43

Korean shares open slightly higher on auto gains

South Korean shares opened slightly higher on Tuesday, rebounding from a sharp drop in the previous session.The benchmark Korea Composite Stock Price Index gained 3.63 points, or 0.18 percent, to 2,045.79 in the first 15 minutes of trading.On Monday, the index lost 14.08 points, or 0.68 pe...

Updated : 2016.08.23 10:16

GM CEO Mary Barra due in Seoul next week

Mary Barra, the top executive officer of US automaker General Motors Co., will visit South Korea next week, a US business lobby in Seoul said Monday.The top executive of General Motors Co. is schedule...

Updated : 2016.08.22 15:10

FCA boasts Jeep’s originality as SUV

The popularity of sports utility vehicles in South Korea is expected to continue with local and foreign carmakers trying to lure local drivers with exquisite designs, fuel efficiency and engine power....

Updated : 2016.08.21 17:04

Infiniti bets on with new QX60 in Korea

Infiniti, the luxury division of Japanese automaker Nissan, is slated to unveil its new luxury crossover QX60 later this month in the South Korean auto market, the company’s official said. Already ha...

Updated : 2016.08.21 16:58

10-year wait for Korean firm’s Apple car battery: analysts

Amid reports that Apple is in talks with a small Korean firm to make batteries for a secretive car project, local experts said that it would take more than 10 years to be mass produced.A local news me...

Updated : 2016.08.21 16:57

Gov't orders recall of Chevrolet Orlando LPG for emission problems

South Korea's government on Sunday ordered GM Korea Co. to recall 15,056 Chevrolet Orlando compact multi-purpose vehicles for emission-related problems.The order affects Orlandos using the 2.0 liter e...

Updated : 2016.08.21 13:15

Tesla opens website for online reservations in Korea

Tesla Motors has begun taking online reservations in Korea for its electric cars, Model S, Model X, and Model 3, the company said Friday.With a deposit of 2 million won ($1,800) for the Model S, 5 mil...

Updated : 2016.08.19 20:46