Hyundai Motor has unveiled its second-generation three-door Veloster hatchback, the first upgrade of the model in seven years.“Since the first-generation Veloster, the model has been perceived as an icon of challenge and innovation within the Hyundai brand due to its unique design,” Yang Young-seon, marketing team manager of Hyundai Motor, said during a media preview event held at Inje Speedium, a race track in Gangwon Province, on Tuesday. “In other words, Veloster is a ‘brand spicer.’”The spor

BMW Korea, the local unit of the high-end German automaker, has been adding a touch of diversity to the bestselling 5-Series, introducing high performance and luxury versions of the popular series, the company said Wednesday.“New versions of the top-selling 5-Series have been added to meet the demand of different consumer preferences,” said an official of BMW Korea.The seventh-generation new 520d, released here in February this year, was the best-selling midsize sedan among imported cars by mont

SsangYong Motor’s large SUV G4 Rexton received top rating in this year’s crash test conducted by the Korean transport ministry, the company said Monday.G4 Rexton earned five out of five stars in terms of collision safety in the 2017 Korean New Car Assessment Program, highlighted SsangYong Motor, the local unit of India’s Mahindra & Mahindra.SsangYong Motor‘s large size SUV G4 Rexton received top safety ratings in the transport ministry’s crash test. (SsangYong Motor)The annual KNCAP is held with

Mercedes-Benz’s combined sales in Korea are forecast to surpass the 60,000 mark in November, according to the German Automaker’s sales unit here Sunday.The combined sales of Mercedes-Benz as of October was 58,060 units, up by 30.3 percent on-year. Given the monthly average sales, the combined sales are expected to pass well over 60,000 units as of the end of November, the company said.  (Yonhap)The detailed monthly sales for November, however, remained undisclosed by the company.The 2017 sales r

French firm open to partnership with other battery suppliers, not just LG Chem

French carmaker to bring electric powered LCVs, calls for gov support for EVs

Hyundai Motor pledges to expand investment in future mobility

The chances of Hyundai Motor entering the car-sharing market are high, a report by KB Securities said Wednesday, referring to Volvo‘s latest partnership with Uber.Volvo on Monday signed a deal with Uber to provide tens of thousands Volvo XC90 SUVs, specifically modified for autonomous driving, from 2019 to 2021. (Yonhap)The report noted that partnerships between original equipment manufacturers and car-sharing service providers will become more important down the road as car-sharing service firm

Fiat Chrysler Automobiles’ sport utility vehicle brand Jeep posted brisk sales in Korea this year, largely backed by the sales of its small SUV model Jeep Renegade, market data showed Monday. According to data compiled by the Korea Automobile Importers and Distributors Association, the importer and distributer of the US cars sold a total of 5,543 Jeep units as of end-October, a 44.2 percent increase from 3,845 units last year.  Jeep Renegade /FCA Korea“Almost all Jeep models are posting sales be

YEOJU, Gyeonggi Province -- In the heated market of sports utility vehicles, German luxury carmaker BMW is challenging other foreign competitors here by introducing the third-generation X3, a sport activity vehicle believed to have paved the high-end SUV market.On a Sophisto Gray-colored New X3 xDrive30d M Sport, The Korea Herald went for a 210 kilometer-test drive from the company’s newly built Seongsu showroom in eastern Seoul to Sejong astronomical observatory in Yeoju, Gyeonggi Province, on

Nissan Motor Co. Chief Executive Hiroto Saikawa and other executives of the Japanese automaker are returning a part of their salaries to show remorse over illegal vehicle inspections at the automaker's plants in Japan. Saikawa did not say how big the pay cuts would be or who else would take them. He said ``voluntary return of a part of his pay'' started last month and will continue through March 2018, the end of the fiscal year. Earlier Friday, Nissan submitted to the government a report on its

Swedish truck manufacturer Volvo Trucks is in discussion with Samsung to develop future-generation batteries in order to commercialize trucks powered by electricity, its chief said in Seoul on Wednesday.In an interview with The Korea Herald, Claes Nilsson, president of Volvo Trucks, said the company has been in talks with the South Korean tech giant to introduce electric trucks, which are part of what the company envisions for a “greener” future. Claes Nilsson, president of Volvo Trucks, speaks

PANGYO, Gyeonggi Province -- With companies and countries worldwide striving to gain an upper hand in self-driving vehicle technology, South Korea on Thursday unveiled its first fully automated shuttle dubbed Zero Shuttle.The level-five Zero Shuttle is a 12-passenger autonomous vehicle that will begin test runs in Gyeonggi Province starting in December.Automated vehicles are classified from level zero to five by the Society of Automotive Engineers, with level five referring to full automation in

Hyundai Motor has formed the AI Alliance Fund with Korean mobile carrier SK Telecom and Hanwha Asset Management to invest in startups that have innovative ideas and technology, the company said Thursday.The three companies will each pitch in 16.5 billion won ($14.4 million) to create the fund worth 50 billion won that is scheduled to kick off in the first quarter of next year.“The fund aims to bolster next-generation technological capabilities in analyzing global technology trends, forming coope

Kia Motors Corp. will recall over 9,000 Soul multi-purpose vehicles to repair a steering defect as it was discovered an initial repair may not have fixed the issue, the transport ministry said Thursday.The recall affects 9,123 Souls from the 2013-2015 model years, as "plugs" could allow a pinion gear to separate from the steering assembly, which could increase the risk of a crash.It is the second recall for the model after the Korean automaker repaired the vehicles in 2014 in the domestic market