Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Tuesday its July sales jumped 26 percent from a year earlier on increased exports. Renault Samsung sold a total of 23,295 vehicles in July, up from 18,483 units a year earlier, due to strong demand for its SM6 flagship sedan and the QM3 subcompact SUV, the company said in a statement. Domestic sales rose 7.8 percent on-year to 7,927 cars from 7,352 units a year earlier. Exports climbed 38 percent to 15,368

SsangYong Motor Co. said Tuesday its July sales fell 11 percent from a year earlier on lower overseas demand. The South Korean unit of Indian carmaker Mahindra & Mahindra Ltd. sold 11,413 vehicles in July, down from 12,784 units a year earlier, the carmaker said in a statement.  (Yonhap)Domestic sales rose 15 percent to 8,658 units last month from 7,546 units a year earlier. But exports plunged 47 percent to 2,755 cars from 5,238, the statement said. In the January-July period, the maker of the

GM Korea Co., the South Korean unit of General Motors Co., said Tuesday its July sales fell 9.9 percent from a year earlier due to weak domestic sales.  GM Korea sold a total of 41,406 vehicles in July, down from 45,977 units tallied a year earlier, the company said in a statement.  (Yonhap)Exports declined 3.2 percent to 30,605 from 31,617 over the cited period. Domestic sales also plunged 25 percent to 10,801 units from 14,360 during the same period, it said. The sales slump was mainly affecte

Hyundai Mobis Co. ranked seventh in a global car parts makers' sales rankings last year, down one notch from a year earlier, due to lower demand from its captive buyers, an industry association said Tuesday. The country's biggest auto parts maker by sales took seventh place, with sales of 30.5 trillion won ($27.2 billion) in 2016, the Korea Automobile Manufacturers Association said, citing data from Automotive News in the United States. Back in 2006 when Automotive News began to announce the ran

A Seoul law firm has requested the nation’s antitrust agency look into allegations that German carmakers colluded on diesel control and other parts for decades, raising concerns such a cartel could have restricted the principle of free market competition here.Ha Jong-sun, a lawyer at Barun Law Firm, said Monday that he had filed a petition against five German car brands operating here for an investigation. The list included Volkswagen, Audi, Porches, Mercedes-Benz and BMW.A spokesman at the Fair

GM Korea sales chief says automaker set to sell 1 millionth Chevrolet in Aug.

New BMW 4-series are seen on a test drive in Busan, Friday. (BMW Korea)BUSAN -- BMW Korea, the local unit of the German luxury carmaker, unveiled Friday an upgraded version of its 4-series, adding variety to its popular series.The new lines introduced were the 4-Series coupe, convertible and gran coupe, as well as the high-performance models M4 coupe and M4 convertible.“The new 4-series cars have bodies that are 40 millimeters lower than 3-series cars. Enhanced suspension and a new control syste

SsangYong Motor, the local unit of India’s Mahindra & Mahindra, has added diversity to South Korea’s sport utility vehicle market with its latest premium full-size G4 Rexton SUV, the company said Thursday. The G4 Rexton replaced the Mohave SUV made by Kia Motors as the best-selling large-size SUV here for two straight months since its release in May. The model recorded sales of 2,703 units in May and 2,708 units in June, according to the company. SsangYong Motor’s premium large-size SUV, the G4

SsangYong Motor Co.'s union has accepted a wage deal to avoid any production losses amid tough competition from rivals, the company said Thursday."The company and its union shared the view that a stable labor-management relation is essential in increasing sales of the G4 Rexton SUV and maintaining its leading status in the subcompact SUV market," the company said in a statement. The 3,451-member union held a vote to decide whether to accept this year's wage deal or not. A total of 3,295 workers

Kia Motors Corp. said Thursday its second-quarter net profit plunged 53 percent from a year earlier on weaker demand for its vehicles in China and the United States.For the three months that ended on June 30, net profit declined to 389.6 billion won ($350 million) from 825.8 billion won a year earlier, the company said in a statement. "On top of political tension with China over the installation of a US missile defense system in South Korea, which Beijing objects to, high US incentive costs and

(Yonhap)Hyundai Motor, South Korea‘s largest automotive company by sales, showed a decline in earnings in the second quarter of this year due to weakened profitability, the company said Wednesday.The company’s profits totaled 24.3 trillion won ($21.6 billion), down 1.5 percent on-year between April and June this year, while its operating profits plummeted 23.7 percent on-year to 1.3 trillion won.The net profit for the second quarter this year was drastically slashed 48.2 percent compared to the

Jumping into the market for B-segment crossovers in South Korea, Renault Samsung, the local unit of the French automaker, unveiled a revamped QM3 on Wednesday, highlighting the design heritage of the European country.Known as the Captur in Europe, the crossover utility vehicle was No. 1 in the segment in the market there three years in a row. But to make it appealing in Korea, where masculine German designs are favored, Renault Samsung added “charismatic features” to the existing design. “The ne

The Ministry of Land, Infrastructure and Transport has ordered local and multinational automakers to recall a combined 1.3 million vehicles so far this year. The number is expected to hit record high by the year’s end. The past record has been 1,369,925 vehicles in 2004.The spike in the number this year is driven by compulsory vehicle recalls by Hyundai Motor and Kia Motors, which are ordered to recall a combined 979,687 cars this year, a ministry official said.

South Korea has ordered carmakers, domestic and multinational, to recall more than 1.3 million vehicles so far this year, with the figure expected to set a record high in 2017, the transport ministry said Wednesday. A total of 1,308,758 vehicles have been ordered to be recalled this year through Wednesday in 172 cases, according to the Ministry of Land, Infrastructure and Transportation.In the next one to two weeks, the number of cars subject to recalls is expected to exceed the country's record

NAMYANGJU -- A 150-kilometer, two-and-a-half hour drive proved that Kia Motors Corp.'s Stonic subcompact sport utility vehicle is perfect for people wanting an entry-level fuel-efficient crossover that is responsive to drive.In a mix of urban and expressway driving that took place from western Seoul to Namyangju in Gyeonggi Province, the Stonic subcompact SUV achieved unrivaled mileage numbers while proving to be an excellent performer, well-suited to wooing customers in their 20s and 30s.After