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Korea to develop Gwangju as hub of car ventures

The presidential office said Tuesday that South Korea would help nurture the country’s southwestern region as a center of automotive start-ups in cooperation with Hyundai Motor Group, the world’s fifth-largest carmaker.Cheong Wa Dae said Hyundai Motor Co. and its smaller sister company K...

Updated : 2015.01.27 21:40

Hyundai Motor, Baidu team up for connected cars in China

BEIJING (Yonhap) ― Hyundai Motor Co., South Korea’s top carmaker, said Tuesday it has signed a memorandum of understanding with Baidu Inc., China’s top search engine, to sell cars that are equipped with Internet access and in-vehicle infotainment services. Riding a wave of popularity of...

Updated : 2015.01.27 21:07

S. Korea to nurture southwest region as hub of automotive startups

The presidential office said Tuesday that South Korea will help nurture the country's southwestern region as a center of automotive startups in cooperation with Hyundai Motor Group, the world's fifth-largest carmaker.Cheong Wa Dae said Hyundai Motor Co. and its smaller sister company Kia M...

Updated : 2015.01.27 13:48

Hyundai, Kia luxury lineups expand market share in U.S.

South Korea’s top carmaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their combined market share in the luxury car segment climb up last year in the United States, industry data showed Monday.Combined sales of Hyundai’s Genesis and Equus and Kia’s K9 in the United...

Updated : 2015.01.26 21:23

Hyundai Motor launches refurbished i40 saloon

South Korea's top carmaker Hyundai Motor Co. launched its new edition of the i40 family vehicle in its home market on Monday, putting emphasis on a new diesel engine that ups fuel efficiency. Both the sedan and wagon models of the new i40 are updated with a Euro 6-compliant diesel engine a...

Updated : 2015.01.26 10:11

Tivoli, a keeper for sporty drivers with lighter wallets

Ssangyong Motor’s new compact crossover vehicle the Tivoli is a keeper for those who want an affordable SUV. Its starting price is 16.3 million won ($15,122), cheaper than that of 22.5 million won fo...

Updated : 2015.01.25 21:00

Volvo Korea opens ‘House of Sweden’

Volvo Korea opened its pop-up store The House of Sweden in the fashionable district of Garosu-gil in southern Seoul on Thursday. The store runs through April 21. Aimed at delivering the Swedish carmak...

Updated : 2015.01.25 20:59

European car sales speed up after six years of decline

PARIS (AFP) ― New car sales in Europe rose by nearly 6 percent in 2014, ending a long slump in activity that began in 2007, but analysts warn the sector has not yet turned the corner in the region.The European Automobile Manufacturer’s Association said last week that 2014 new car sales g...

Updated : 2015.01.25 20:59

Hyundai Motorstudio opens in Moscow

Hyundai Motor opened the “Hyundai Motorstudio Moscow” in the Russian capital Friday. This is the first overseas studio for the world’s fifth-largest carmaker.The 880-square-meter studio surrounded ...

Updated : 2015.01.25 20:59

U.S. safety agency to add automatic braking to star ratings

U.S. regulators will add automatic braking to a list of technologies considered as beneficial to safety in its influential star-rating consumer advisory system.Transportation Secretary Anthony Foxx announced the change Thursday at a meeting in Washington with automotive engineers. The Nati...

Updated : 2015.01.25 20:58

Kia Motor's 2014 net profit drops 21.6 pct

Kia Motors Corp., South Korea's second-largest automaker, said Friday its net profit dropped 21.6 percent on-year in 2014 as profitability worsened from the strong won and unfavorable business conditions in global markets.Net income came to 2.99 trillion won ($2.75 billion) last year, comp...

Updated : 2015.01.23 14:42

GM Korea unveils latest Cruze model in local market

GM Korea Co. uncloaked on Thursday the latest edition of its Cruze compact car that comes with an upgraded design for the sedan first introduced in the local market in 2011. "The Amazing New Cruze 2015 is just the first step of much more to come," said Sergio Rocha, head of GM Korea during...

Updated : 2015.01.22 11:11

Six racing-inspired Bentleys go on sale

Bentley’s new Continental GT3-R supercar. (Bentley Motors)Bentley Motors, the supercar unit of German carmaker Volkswagen, launched the new Continental GT3-R, a race-inspired limited edition supercar...

Updated : 2015.01.20 21:13

Hyundai Motor to cut price of hydrogen fuel cell vehicle

Hyundai Motor Co., the nation’s largest carmaker, has decided to lower the price of its Tucson fuel cell sport utility vehicle to compete with rising Japanese rival Toyota Motor in the segment, indus...

Updated : 2015.01.18 21:28

European auto sales rise for first time since 2007

European car sales in 2014 rose the first time in seven years, approaching the top end of industry executives’ forecasts as buyers seeking to replace vehicles chose new low-cost models from Renault and Volkswagen.Registrations increased 5.4 percent to 13 million cars, the Brussels-based E...

Updated : 2015.01.18 21:27