In a bid to reclaim the No. 3 spot in the local auto market, Audi Volkswagen Korea, importer and distributor of the German vehicles, has signaled a comeback after a more than yearlong sales suspension resulting from the diesel gate emissions scandal.Last month, Audi Korea launched the R8 V10, a flagship high performance sports car, its first release in one year and three months since the S8 Plus sedan was rolled out in June last year. Models widely expected to be launched in early 2018 are Volks

The Korean auto industry is still reeling from unsettled labor disputes that are likely to extend into next year amid sluggish sales as well as the fallout from a diplomatic row with China this year. Hyundai Motor, the nation’s largest carmaker, and GM Korea, the Korean branch of the US carmaker, are unlikely to reach agreements with their respective labor unions over wages this year, according to industry watchers Monday. (Yonhap)If they fail to narrow differences in the remaining two weeks of

Convenience store chain CU will provide charging stations for Tesla’s electric vehicle at four of its stores. CU announced Monday that a total of seven chargers will be installed at Gapyeong Sangcheon, Cheongpyeong Daein, Uiwang Ojeongongdan, Bibong Premium stores.The stores have been selected based on their less-than-an-hour distance from Seoul, the parking capacity, access to the high way and the suitability as a leisure driving path.  (BGF Retail)Tesla Korea installed its exclusive charging e

Hyundai Motor Group's sales in China fell nearly 30 percent in November from a year earlier due to the fallout from political tensions over the deployment of a US missile defense system in South Korea, the company said Sunday. Hyundai Motor Co. and its affiliate Kia Motors Corp., which together form the world's fifth-biggest carmaker by sales, said they sold a combined 145,015 vehicles in China last month, down 29.8 percent from a year earlier.Their sales in the first 11 months dropped 38.2 perc

Praising Beijing Hyundai Motor as an example of growth and symbolic of economic cooperation between South Korea and China, President Moon Jae-in pledged support to remove any barriers to the operation of the joint venture during his visit to a plant in Chongqing, southwest China, Saturday.Moon’s visit to the Hyundai plant came in light of slowly recovering sentiment toward South Korean businesses in China, following hostilities over diplomatic tensions regarding the deployment of the US’ Termina

Volvo Car Korea, the local importer and distributor for the Swedish automaker, on Friday said it plans to sell 8,000 units here next year riding on the popularity of XC60 midsize SUV, XC90 large SUV and soon-to-be-launched XC40 compact SUV. “To invest in dealer networks, we need to sell about 10,000 units annually,” said Lee Yoon-mo, Volvo Car Korea CEO, during a lunch meeting with the media. “Our target sales for next year is 8,000 units. We view it as a moderate goal considering recent growth.

Six carmakers will recall nearly 320,000 vehicles in South Korea due to faulty parts, the transport ministry said Friday.This is the latest in a series of recall orders issued by the Ministry of Land, Infrastructure and Transport to both domestic and foreign carmakers.Six carmakers -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Maserati, Mercedes-Benz and Toyota Motor Corp. -- plan to recall 12 different models totaling 319,264 vehicles, the ministry said in a statement. (Yonhap)The model

Hyundai Mobis, the auto parts unit of Hyundai Motor, will hold a technical contest for local startups in search of original technology to invest in or startups to collaborate with, the company said Thursday. Those preparing to open a startup can also register for the event named 2017 M, M standing for Mobis and mobility. Relevant sectors will include automobile, artificial intelligence, future mobility, smart city, robots and energy.“Hyundai Mobis will expand its future technologies together wit

The sales volume of automotive steel processed at Posco’s plant in Suzhou, China, has surpassed the 5 million ton mark, riding on the fast-growing car market in the country, the company said Wednesday. The plant, located west of Shanghai, known as China’s auto cluster, has reached the 5-million-ton mark faster than any other plants operated by Posco around the world, it added in a statement. Workers at Posco Suzhou plant celebrate the plant surpassing 5 million ton mark of selling automotive ste

Korea‘s Transport Ministry crowned the BMW 520d, Mercedes-Benz E220d and Kia Motors Stinger sedans the safest cars of the year.In this year‘s vehicle safety test conducted by the government, BMW’s top-selling 520d sedan proved to be the safest, with 99.1 points out of 100.That marked the highest point total ever since the ministry started its annual testing in 2013. BMW 520d (BMW Korea)The Benz E220d received 97.4 points, followed by Kia’s performance sedan Stinger at 92.6 points, the ministry s

Hyundai Motor Group said Wednesday it will dramatically beef up its pure-electric car lineup in the next eight years in line with global carmakers' latest push to go electric.Hyundai Motor Co. and its affiliate Kia Motors Corp. are planning to increase the number of all-electric vehicles to 14 by 2025 from the current two models, Hyundai's Ioniq EV and Kia's Soul EV, Hyundai Motor Senior Vice President Lee Ki-sang said in a recent press briefing.To strengthen its EV lineup, Hyundai Motor plans t

South Korean President Moon Jae-in will visit Hyundai Motor’s newly built assembly plant in Chongqing, southwest China, Friday during a state visit, Cheong Wa Dae said Tuesday.The plant is the fifth manufacturing facility in China for Hyundai. A 50:50 joint venture set up by Hyundai Motor and Beijing Automotive Group invested a combined $1 billion to build the plant capable of producing 300,000 vehicles a year. Hyundai Vice Chairman Chung Eui-sun is expected to accompany the president, the compa

The government has imposed a 170 billion won ($156 million) tariff on Posco, South Korea’s leading steelmaker, for underreporting the price of liquefied natural gas imported from Indonesia to evade tax, Korea Customs Service said Tuesday.KCS‘ latest decision was based on grounds that the price of LNG imported by Posco between 2012 and 2016 was about half the figure reported by state-run Korea Gas Corporation. The government argues Posco has evaded tax worth some 100 billion won by underreporting

Hyundai‘s latest business deal touted as first outcome of President Moon‘s New South Policy