US carmaker to make another 'important decision' by Feb., government expresses 'deep regret'

SsangYong Motor has signed a product license deal with parent company Mahindra and Mahindra to start production of the G4 Rexton, a large premium sport utility vehicle, in India, the company said Monday.The assembly of the South Korean carmaker’s latest SUV will start within the second half of the year at Mahindra and Mahindra’s Chakan plant in Maharashtra, western India. Under the deal that expires on Dec. 31, 2023, SsangYong Motor will exports parts for the G4 Rexton in kits for them to be ass

Old rumors of GM Korea’s potential pullout from South Korea recently resurfaced, following moves and comments made by the automaker’s global management.Last week, General Motors International President Barry Engle visited Korea, following a trip last month, although the details of his meetings here were not disclosed. GM CEO Mary Barra, meanwhile, also called Korea a challenge last week during a public conference call with industry analysts, eluding to potential changes and restructuring. All th

Automation, long-distance driving boast Hyundai‘s latest technology, but use of hydrogen still unfamiliar

S. Korean carmaker expects turnaround with intense R&D after a stormy year of THAAD, labor protests and sluggish global sales

Hyundai and Kia Motors are supporting the 2018 PyeongChang Olympics by providing some 4,100 units of vehicles and donations worth over 50 billion won ($46.95 million) as an official tier-one sponsor.On a promotional level, Hyundai Motor is presenting its ambitious hydrogen fuel cell Nexo sport utility vehicle and hydroelectric buses for test drives and transportation throughout the Olympic period. Three units of Hyundai Motor’s hydroelectric bus with a driving distance of some 530 kilometers per

Renault Samsung Motors, the South Korean unit of French carmaker Renault S.A, continues to see successful sales in Europe’s compact sport utility vehicle segment, with its QM3 ranking the No. 1 best-seller last year, the company said Thursday.Known as “Captur” in Europe, the company sold 212,681 units of the vehicle there in 2017, retaining its best-seller status for four years in a row.“We believe Captur is favored in Europe because it is immensely practical and has a European-style sensuous de

Hyundai Motor, the world’s fifth largest carmaker, is heading full-force into new areas of the auto industry with converged technologies and environment-friendly features.Spearheading Hyundai’s drive is its Nexo, a next-generation fuel-cell hydrogen SUV certified to drive more than 600 kilometers per charge, the longest on record for hydrogen-powered cars.Nexo, which is to be released next month with the aim of selling 10,000 hydroelectric vehicles by 2022, is armed with a slew of heightened saf

Akwasi Frimpong, a Dutch-Ghanaian skeleton slider, will be one of the 11 athletes representing African nations, and the only one competing for Ghana, at the 2018 PyeongChang Winter Games.Before he was confirmed to be competing at the Olympics last month, Frimpong, 31, was able to commute to training sessions and competitions in North America, carrying his sled and other pieces of equipment, with the help of a local dealer of Korean automaker Hyundai Motor throughout the 2017-18 season. Akwasi Fr

Kia Motors, South Korea's second-largest automaker by sales, rolled out a new compact SUV concept in India on Wednesday, heralding its full-fledged foray into the local market.The compact SP SUV concept was showcased at the 14th Auto Expo 2018, India's largest motor show that kicked off near New Delhi for a weeklong run.Kia said the spacious compact SUV with a sleek design is the company's strategic model specifically designed to target motorists in India where small crossovers are very popular.

Persistent rumors of struggling GM Korea leaving the country seemed closer to reality Tuesday upon comments by General Motors CEO Mary Barra who said the automaker would have to “take action” in Korea against challenging costs.“Clearly, Korea is a challenge for us,” Barra said during a conference call with analysts on Tuesday. “The Chevrolet brand has done well, but the current cost structure has become challenging, and we’re going to have to take action going forward to have a viable business,”

Porsche Korea flagged its best monthly sales in January on the back of strong demands of the new flagship Panamera sports sedan, data showed Tuesday. The German luxury carmaker sold a total 535 units here last month of which the new Panamera sedan, released September last year, made up 337 units, according to data from Korea Automobile Importers and Distributors Association.The entry line of Panamera 4 was particularly in-demand by Korean drivers, which the carmaker sold 285 units.Porsche Paname

Asiana Airlines, South Korea’s second-biggest full-service carrier by sales, on Tuesday celebrated the 30th anniversary of its foundation and vowed to restore financial stability.“We will successfully complete efforts to normalize management this year, which marks the 30th anniversary of establishment, on turnaround seen since 2016,” said Asiana Airlines CEO Kim Soo-cheon during a press conference at Westin Chosun Hotel in central Seoul.“Asiana Airlines takes great pride that we have demolished

Hyundai Mobis has become the auto industry’s second parts maker to mass produce and supply high-tech braking and parking systems with a larger goal to take over the global market, the company said Tuesday.“This has provided an opportunity for Hyundai Mobis, a late comer to braking and parking systems, to gain a foot hold as a leading company worldwide,” the company said. Hyundai Mobis' automated parking system Remote Smart Parking Assist (Hyundai Mobis) Marking the first among companies here, Hy

Automaker aims to sell 10,000 hydroelectric vehicles by 2022