Hyundai’s fuel cell system to be applied for Ineos’ new SUV ‘Grenadier’

A year and a half after presenting its sports utility vehicle QM6 with upgrades including new powertrains, Renault Samsung Motors introduced a new version of the bestselling model this month with a revamped exterior. Renault Samsung’s QM6 has been a cash cow for the automaker, having sold more than 160,000 units in the domestic market since its launch in 2016 and topping the country’s monthly sales of SUVs on several occasions. The first upgraded model came out in June 2019, when

Upgraded SUVs hit the spot for people turning to outdoor activities

Korean Air President Woo Ki-hong said the firm would push for employees’ leave of absence instead of cutting headcount once the merger with Asiana Airlines takes place. “Korean Air has never undergone artificial restructuring over the past 51 years,” Woo told reporters after the 22nd Tourism Industry Committee meeting in Seoul on Friday. “In order to increase efficiency after the merger, (some) employees will take a leave of absence until the end of the coronavirus cr

Creditors' plan to sell the debt-laden Asiana Airlines Inc. to its bigger rival Korean Air Lines Co. faces a bumpy road as a local equity fund has filed an injunction against the plan. On Tuesday, Asiana's main creditor, the Korea Development Bank (KDB), signed an investment agreement with Korean Air's parent Hanjin KAL Corp. to inject 800 billion won ($723 million) into Hanjin KAL through a rights offering and convertible bonds. Hanjin KAL will then participate in a 2.5 trillion-won stock sal

Hyundai Steel said Thursday it will hold online conferences to introduce its automobile brand H-Solution and the technologies on future mobility next month. The South Korean steelmaker said it will hold four online conference sessions from Dec. 2-10 to present the automotive steel brand H-Solution and its technologies and products relevant to future mobility. On the first day of the conference, the steelmaker will discuss prospects for the materials used in producing electric and hydrogen f

As General Motors Korea continues to struggle with labor strife and dwindling performance, GM’s international chief hinted at the possibility of withdrawing from the country. In an interview with Reuters on Wednesday, Steve Kiefe, the president of GM’s international operations, said GM has other options to produce cars in Asia, including China, where it builds nearly 5 million vehicles a year. GM workers have been staging two four-hour strikes daily since Oct. 30. The major stic

Volkswagen Korea said its mid-sized sport utility vehicle Tiguan surpassed 10,000 units in cumulative annual sales, a first for an imported SUV, the automaker said Thursday. According to Volkswagen Korea, the accumulated number of registered Tiguan units sold locally this year is 10,043. Tiguan has sold a total of more than 55,000 units since its debut in Korea in July 2008. This is the first time that annual sales have exceeded 10,000 units since the launch. The automaker said the key to T

CJ Logistics said Wednesday it will introduce electric trucks to replace its diesel vehicles, for the first time in the Korean logistics industry. The company said it will introduce 1-ton electric freight vehicles and also start a new business installing EV charging stations for the trucks. To begin, the company said it will operate two electric trucks each in two sub-terminals in Gunpo, Gyeonggi Province, and Ulsan. Marking the introduction of the electric vehicles, CJ Logistics held an ope

Kicker -- Asiana workers oppose merger, KCGI goes to court to stop new shares

BMW Group unveiled Tuesday a new electric vehicle concept for its Mini brand, dubbed Mini Vision Urbanaut, tha seeks to bring a living-room like feel to the interior. During its #NEXTGen 2020 digital showcase held online, the German-based automaker revealed the new “digital vision vehicle” that uses a purely electric drive system. “In the MINI Vision Urbanaut, we extend private space far into the public realm, creating completely new and enriching experiences,“ Adrian

The revamped version of the SM6 is gaining popularity for its new powertrain, Renault Samsung Motors said Tuesday. First released in 2016, the automaker presented the revamped version of the new SM6 in July this year, with upgrades in its powertrains. The automaker said it took three and six months to present the upgraded mode, to take in and reflect the opinions of its customers. For the development of the facelifted SM6, the company plowed in 230 billion won ($208 million), Renault Samsung

Rumors of GM pulling out of Korea rekindled amid worsening labor-management relations, weak earnings

South Korea’s No. 1 carrier decides to acquire debt-ridden No. 2 after previous buyers’ deals fall through

According to global aviation industry statistics released by the International Air Transport Association, Korean Air stood at No. 18 among airlines worldwide in terms of revenue-passenger kilometer, a measure of the distance traveled by all the passengers. Asiana Airlines, another flag carrier of South Korea, came in at No. 32. If Korean Air successfully acquires Asiana Airlines as planned, it would rise to 11th place. In terms of the number of international transport passengers, the acqui