GM Korea Co., the South Korean unit of General Motors Co., on Thursday launched the Trailblazer sport utility vehicle as it strives to revive sales amid labor woes and weak demand.The Trailblazer comes in two versions -- a front-wheel drive version with a 1.2-liter gasoline e-turbo engine and a continuously variable transmission, and another with a 1.35-liter gasoline e-turbo engine -- GM Korea said in a statement.The 1.35 gasoline model is equipped with an all-wheel drive powertrain and a nine-

An executive from Indian carmaker Mahindra & Mahindra Ltd. will come to South Korea this week to discuss and seek financial support from the main creditor bank of its local unit, SsangYong Motor Co., industry sources said Wednesday.SsangYong Motor confirmed Mahindra & Mahindra Managing Director Pawan Goenka will visit Seoul on Thursday but didn‘t provide any details about his schedule here. His visit comes ahead of the sport utility vehicle-focused carmaker’s planned board me

GV80 has reasonable price, “Korean luxury” design

Kia’s Telluride has been named the 2020 North American Utility Vehicle of the Year, the carmaker said Tuesday, marking the first time it has been chosen as a finalist. According to Kia Motors, the Telluride beat out prominent rivals, the Hyundai Palisades and Lincoln Aviator, in the North American Car, Utility and Truck of the Year (NACTOY) awards. “The Telluride’s interior layout and design would meet luxury SUV standards, while its refined drivetrain, confident driving dynami

Automaker unveils ‘Plan S’ to become mobility solutions provider in conjunction with Hyundai

German automaker attributes last year’s success to product range ‘fit’ for Koreans

Automaker’s US subsidiary bets on new Genesis, profitable SUV models

HDC Hyundai Development Co. said Friday it will raise 400 billion won ($344 million) in a rights issue to help finance its acquisition of Asiana Airlines Inc.HDC plans to issue 21,969,110 shares, or half of its outstanding 43,938,220 shares, at about 18,550 won per share, the company said in a statement.The price will be finalized on March 2, and investors are required to make their payments for the purchase of the new shares by March 13. The new HDC shares are set to be listed on the main KOSPI

Unionized workers at Renault Samsung staged an impromptu partial strike late Wednesday despite a planned renegotiation with the management the next day, according to the automaker. The South Korean carmaker said the unionized workers staged a four hour-long partial strike by suspending the operation of the production line. A Renault Samsung representative told The Korea Herald that given the current situation, the planned renegotiation on Thursday has been canceled. According to t

Toyota Motors Corp. said Thursday it will launch four new models in South Korea in the first half of the year to jump-start its lackluster sales amid trade tensions between Seoul and Tokyo. Toyota Motors plans to introduce the gasoline-powered GR Supra sports car on Jan. 21, the Camry's sports version XSE gasoline model in February and the all-wheel drive Prius and Prius C Crossover gasoline hybrid models in March, the company said in a statement.For the whole of 2019, Toyota sold 10,611 vehicle

Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday their combined sales in the United States rose 4.6 percent last year, helped by robust sales of SUVs. In 2019, Hyundai and Kia sold a combined 1,304,109 vehicles in the world's most important automobile market, up 4.6 percent from 1,257,307 units the previous year, the companies' sales data showed. The annual figures include sales of Genesis models that are sold under Hyundai's independent Genesis brand. Hyundai and Genesis' US s

Sales of sport utility vehicle models in South Korea hit a record high last year as carmakers strengthened their SUV lineups to meet rising demand for recreational vehicles, industry data showed Thursday.  For the whole of 2019, the country's five automakers, including Hyundai Motor Co. and Kia Motors Corp., sold a combined 575,662 SUVs here, accounting for 38 percent of their domestic sales of 1,533,166 passenger vehicles, according to the carmakers' sales data.  Their local sales fel

Hyundai Motor, Uber join hands to develop ‘the world’s top personal air vehicle’

Hyundai Motor chief Chung Euisun vows to disrupt concept of transport with smart mobility

Volvo Cars Korea said Tuesday it aims to sell 12,000 vehicles this year on higher demand for its SUVs.The 2020 sales target is 14 percent higher than the carmaker's sales of 10,570 vehicles last year, according to data from the Korea Automobile Importers and Distributors Association.Volvo's three best-selling models were the midsize XC60 SUV, the compact XC40 SUV and the S90 upper midsize sedan in 2019, driving up the annual sales result, the KAIDA data showed. The midsize S60 sedan and the V60