U.S. seeks $700,000 in assets of ex-Korean strongman

The Korea Herald > Business > Automode(주1회)

Hyundai aims to sell 70,000 subcompact SUVs per year in China

Hyundai Motor, South Korea’s top carmaker, targets annual sales of 70,000 units of its new ix25 subcompact sport utility vehicle in China as it seeks to capitalize on a fast-growing popularity of SUVs in the world’s largest auto market, a company executive said Thursday. Hyundai unveiled...

Updated : 2014.04.24 20:50

Hyundai Motor's sales rise, earnings fall in Q1

Hyundai Motor, the world's fifth-largest automaker, on said Thursday its net earnings declined 2.9 percent from 2013 to 2.03 trillion won ($1.95 billion) on account of worsening industry conditions at both home and abroad. Sales and operating profit, however, rose 1.3 percent and 3.7 pe...

Updated : 2014.04.24 15:02

Hyundai unveils all-new Sonata Turbo

Hyundai Motor on Wednesday unveiled for the first time ever its latest Sonata Turbo at the 2014 New York International Auto Show, held at Jacob Javits Convention Center in New York.It also marked the ...

Updated : 2014.04.20 20:26

Kia unveils new Carnival minivan

 Kia Motors on Tuesday released photos of its new Carnival minivan ahead of its global debut at this week's New York International Auto Show.The new Carnival is the third-generation model of the carm...

Updated : 2014.04.15 16:16

Hyundai Motor launches i30 D spec in Korea

Hyundai Motor on Tuesday announced the launching of a more powerful version of its i30 hatchback in Korea, the D spec. The D spec model replaces the conventional1.6-liter gasoline direct injection (G...

Updated : 2014.04.15 15:17

Renault Samsung’s early retirement applicant numbers below expectations

Renault Samsung Motors was unable to induce the targeted number of its employees to opt for early retirement program, corporate sources said Monday, which the company said is intended to restructure its workforce for better productivity.Insiders said only around 20 workers applied for the ...

Updated : 2014.04.14 20:22

Mini has grown up well

For years, the BMW Mini has been on my shopping list. But I was always reluctant to buy one. My biggest complaints were based on the go-kart feeling that makes the driving experience fun but tiring, e...

Updated : 2014.04.13 19:49

Audi A8: locked, loaded

Audi has heated up the premium four-door segment with the A8, its flagship luxury sedan featuring state-of-the-art technology, keeping competitors on their toes.In line with its global slogan “Vorspr...

Updated : 2014.04.13 19:47

Ford Focus remains world’s best-selling car

Ford said Thursday its Focus remained the world’s best-selling vehicle in 2013, according to its own analysis of new vehicle registration data from market research firm IHS Automotive.Registrations o...

Updated : 2014.04.13 19:47

Documents show GM slow to respond to safety complaints

Internal General Motors Co. documents released on Thursday by Congress show that company executives, including Chief Executive Officer Mary Barra, were slow to respond to complaints about vehicle safe...

Updated : 2014.04.13 19:46

BMW widens recall on engine-bolt fault

Bayerische Motoren Werke AG, the largest maker of luxury cars, is recalling 489,000 vehicles worldwide due to a possible engine-bolt defect, widening a repair program that was initiated in China.No ac...

Updated : 2014.04.13 19:46

SUVs, MPVs account for 37.5% of Korean car exports in Q1

Sport utility vehicles and multipurpose vehicles accounted for 37.5 percent of all South Korean car exports in the first quarter of this year, making them the second-largest vehicle types shipped abroad, a local automotive industry association said Thursday.According to the Korea Automobil...

Updated : 2014.04.10 20:41

Ford Korea CEO reelected as KAIDA chairman

Jung Jae-hee, chief executive of Ford Sales and Service Korea, will be seeking to serve his second term as chairman of the Korea Automobile Importers and Distributors Association, a business lobby gro...

Updated : 2014.04.06 20:29

Tesla cars to get fewer green credits in California

Tesla Motors Inc., which had its first profitable quarter last year aided by sales of California environmental credits, is to receive fewer for each Model S sold as the state modifies its zero-emission vehicle program.The Palo Alto, California-based carmaker, which sold ZEV credits worth $...

Updated : 2014.04.06 20:29

GM recall judge wants more info

General Motors Co. was told by a U.S. judge to provide more explanation on why she shouldn’t force it to tell drivers of 2.59 million recalled small cars to “park it” until faulty ignition switches are fixed.U.S. District Judge Nelva Gonzales Ramos, at the end of a hearing yesterday in ...

Updated : 2014.04.06 20:28