Despite the new deadline set to give the labor and the management of GM Korea a second chance to restart, the fate of the nation‘s third-largest carmaker was still in the dark Sunday as the two failed to narrow differences. The two parties had failed to narrow down differences in job security of 680 workers remaining at the Gunsan plant during the previous wage talks last Friday, the initial deadline. The company‘s board of directors are expected to vote on court receivership on the new deadline

A plan by South Korean auto giant Hyundai Motor Group to spin off and merge affiliates as part of its corporate governance reform drive, is “the most desirable” case for conglomerates here attempting voluntary restructuring method under state pressure, the head of antitrust watchdog said.In a meeting with foreign press in Seoul on Friday, Kim Sang-jo, chairman of the Fair Trade Commission said the carmaker’s announcement of the owner family paying 1 trillion won ($935 million) came “unexpectedly

Hyundai Motor Group's three major affiliates are looking overseas to hire from a pool of international talent as the South Korean conglomerate moves to strengthen its engineering workforce, the conglomerate said Friday.The three affiliates are Hyundai Motor Co., Hyundai Mobis Co. and Hyundai Steel Co. Hyundai Mobis is the country's biggest auto parts manufacturer and focuses on developing future vehicle technologies.  (Hyundai Motor)The world's fifth-biggest automaking group plans to hold the 8t

Hyundai Mobis, the auto parts making unit of Hyundai Motor Group, will start developing level-3 and 4 self-driving systems through its autonomous vehicle dubbed M.Billy in the US later this month, followed by Korea and Germany, the company said Thursday.The company’s latest move is aimed at taking the lead in bolstering future mobility technology with the firm’s enhanced role in the move upon Hyundai Motor Group’s structural overhaul last month.M.Billy will contain 25 sensors self-developed by M

Renault Samsung Motor, the South Korean unit of French carmaker Renault, said Thursday its popular SM6 midsize sedans come with various premium options drivers can choose from, giving it a competitive edge in the segment.“Due to size and price it is appropriate to offer a variety of options for midsize sedans, which are mostly used as family cars or for business purposes. Owners of SM6 can install different high-tech and sophisticated options,“ the company said. Renault Samsung Motor‘s 2019 mode

The number of cars South Korean auto giants Hyundai and Kia sold in Europe grew last month despite declining auto sales in the region, data showed Thursday.According to the European Automobile Manufacturers Association, the number of newly registered cars in March fell 5.3 percent on-year, falling for the first time since 2014. Hyundai Motor, meanwhile, sold a total of 60,663 units, a 3.6 percent increase from the same month last year. Its sister company Kia Motors sold 56,725 units, a 4.8 perce

Volkswagen Korea, the local unit of the German carmaker, has introduced its new lineup for 2018 -- three sedans and two sport utility vehicles -- seeking to regain its No. 3 position in the imported car market, the company said Wednesday.The five models are: the new Tiguan midsize SUV, Tiguan Allspace, Arteon four-door coupe, Passat midsize sedan and Passat GT.“The all new model lineup is made up of sedans and SUVs, based on high customer demand in the market,” said Volkswagen Korea Managing Dir

FCA Korea to make all showrooms Jeep exclusive by 2019

Sparking competition in the imported compact sport utility vehicle market, Jaguar Land Rover Korea, the local importer and distributor of the UK-based carmaker, released its first compact SUV E-Pace here on Monday. Jaguar highlighted that the five-seater four-wheel SUV preserves the dynamic design and driving performance of its flagship sports car F-Type.The leaders in the imported compact SUV market in Korea are the Mercedes-Benz GLA, Land Rover Evoque and BMW Mini Countryman. Volvo Korea is al

With the due date for GM Korea to reach a consensus with its labor union approaching on Friday, the GM headquarters and the government remain deadlocked over ways to deal with the local unit’s 3 trillion won ($2.7 billion) loan.US-based auto giant General Motors has turned down the government’s request for a selective capital reduction and instead intensified pressure, hinting at the possibility of withdrawing plans for a debt-equity swap. During a meeting with the state-run Korea Development Ba

Hyundai Motor, South Korea’s No. 1 automotive company, has launched a global campaign dubbed “Hyundai World Football Heritage” in celebration of the upcoming World Cup in Russia this summer, the company said Sunday.Soccer fans can win tickets to World Cup games by posting a picture or video introducing cheering cultures unique to their country on the official website, worldcup.hyundai.com, or on their social media accounts with the hashtag #myfootballheritage until May 13.As the official sponsor

US automobile giant General Motors Co. hinted at possible willingness to withdraw the planned debt-for-equity swap for GM Korea Co., in an apparent bid to induce the state creditor to pump more cash into the financially-troubled South Korean unit, industry sources said Sunday.According to the sources, GM Executive Vice President Barry Engle met officials from the Korea Development Bank (KDB), the second-biggest shareholder, on Friday, and suggested a plan for the US headquarters to give loans to

DETROIT -— Federal investigators say they have booted electric car maker Tesla Inc. from a group that’s investigating a fatal crash in California that involved an SUV using the company’s Autopilot system.The National Transportation Safety Board said it removed Tesla as a party to the investigation after the company prematurely made information public.“Tesla violated the party agreement by releasing investigative information before it was vetted and confirmed by the NTSB,” the agency said in a st

Korea‘s EV market grows 25 times in six years, likely to reach 50,000 units in sales this year

Hyundai Mobis, the auto parts making unit of Hyundai Motor, opened Korea’s first auto parts design research center called the “Design Model Workshop” earlier this month to bolster design competitiveness, the company said Thursday.Equipped with cutting-edge facilities, such as a clay model maker and powder-based 3D printer, the company said it hopes to design auto parts that can harmonize with automobiles.“We believe Hyundai Mobis will gain an upper hand in competition against other global auto p