Korea's exports of used vehicles jumped over 20 percent on-year during the first quarter, helped by the weak local currency that boosted their price competitiveness in overseas markets, industry data showed Wednesday.According to the data provided by trade and automotive associations here, Korea exported 59,142 used cars during the January-March period, up 23.4 percent from the same period a year earlier. Of the total, 42,352 units were passenger vehicles, while the remainder was trucks and othe

South Korea’s largest automaker Hyundai Motor and American tech giant Cisco Systems have agreed to cooperate on connected car technologies, the automaker said Tuesday. The announcement came as Hyundai Motor vice chairman Chung Eui-sun and Cisco Systems CEO Chuck Robbins met in Seoul to discuss the two firms’ future smart car business.   Hyundai Motor vice chairman Chung Eui-sun (third from left) and Cisco Systems CEO Chuck Robbins (fourth from left) pose after a meeting at the carmaker’s headqua

NISSAN UNVEILS NEW MIDSIZE SEDAN -- Nissan Korea unveiled its new midsize sedan All-New Altima, which has a combined fuel efficiency of 13.3 kilometers per liter, in Seoul on Tuesday. The price of the new sedan starts from 29.9 million won ($26,270). (Nissan Korea)

Kumho Tire unveiled Monday its new commercial music video made in collaboration with K-pop singer Psy.The tire company said in a statement, “We have created this commercial video by combining the company’s brand slogan ‘Better, All-Ways’ with Psy’s hit music ‘Good Day Will Come.’” Still cuts of Psy’s music video made in collaboration with Kumho Tire (Kumho Tire)The video, which was made to raise the company’s brand profile through music, was unveiled on YouTube channels and China’s media platfor

Ssangyong Motor plans to beef up sales marketing in China as part of efforts to diversify its global client base after struggling from weak sales in Russia – its main importer – due to economic recession and a weak ruble. The Korean unit of Indian auto giant Mahindra & Mahindra said on Monday the firm would start sales of its new mid-size SUV Tivoli Air in China (XLV in global market)  after unveiling it at the Auto China 2016 in Beijing next week. Tivoli Air of sangyong Motor “With a more enhan

Hyundai Motor and Kia Motors, Korea's leading automakers, are recalling a combined 14,926 passenger cars for problems with their steering and lighting systems, the transport ministry said Monday.Hyundai's YF Sonata and Kia's K5 mid-sized sedans were found to have glitches in the electronic control unit of the steering system that could lead to a short circuit when it's raining, according to the Ministry of Land, Infrastructure and Transport.The problem has been detected in 7,794 YF Sonatas produ

Mercedes-Benz Korea is capitalizing on its old car restoration project to raise customer satisfaction and brand loyalty.

Volvo Cars is seeking to restore its reputation for car safety with its new high-end XC90 sport utility vehicle in Korea, a global battlefield for luxury cars. Last Thursday, the Korean unit of the Swedish luxury carmaker hosted a seminar with a safety specialist from its headquarters to elaborate on the safety features of the new XC90.  Dr. Lotta Jakobsson, a senior technical specialist on injury prevention at Volvo Cars, presents the booster seat of Volvo’s all-new XC90 as an example of car sa

The accumulated sales of Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have reached over 100 million units this week, company officials said Saturday, a feat achieved in less time than most other global automakers.The combined accumulated sales of the country's two leading auto companies reached over 100 million cars as of Friday, according to the officials.Together, the two automakers make up Hyundai Motor Group, the world's fifth-largest producer of vehicles by sales. The achiev

Kia Motors Corp., South Korea's No. 2 carmaker, said Friday that it plans to showcase its Niro hybrid SUV at a motor show to be held in China later this month in a bid to test customer response ahead of its official launch there.The Niro crossover SUV will be displayed at the Beijing International Automotive Exhibition, which kicks off on April 25, according to the company. The Niro is to be launched in China in October.  (Yonhap)Kia Motors' first hybrid SUV whose production is based on its own

Whether to import the popular Impala sedan or manufacture it at home is becoming a seed of labor dispute between GM Korea‘s management and its union.Last week, the Korean unit of U.S. General Motors decided to continue importing Chevrolet’s premium sedan Impala instead of producing them here.But the automaker’s labor union said in its statement that the management’s decision is tantamount to breaking trust between labor and management, warning that the company “will have to pay a huge price for

Sales of three luxury German carmakers -- Mercedes-Benz, BMW and Audi --set a record high of 8.8 trillion won ($7.6 billion) in sales last year, exceeding the combined figures of three smaller Korean automakers, excluding Hyundai and Kia, company data showed Thursday. Among foreign car brands here, sales of Mercedes-Benz were tops last year, soaring up to a record high of 3.1 trillion won in 2015, a 42.5 percent increase from a year ago.BMW and Audi followed with a 2.88 trillion won and 2.8 tril

Law firm Barun urged Volkswagen Korea to disclose the source code of engine control units in its cars Tuesday, claiming that its recall plan has problems.On behalf of 4,338 customers who bought Volkswagen cars, the local law firm is currently leading a class-action suit against the German carmaker involved in an emissions manipulation scandal. Local law firm Barun lawyer Ha Jong-sun speaks during the press conference. (Barun)Speaking at a news conference in Seoul, Barun lawyer Ha Jong-sun said t

April will be a landmark month for the global success of Hyundai Motor Group as its cumulative global sales is poised to surpass 100 million units. The Korean automotive giant said Monday that the combined global sales of its two automakers -- Hyundai Motor and Kia Motors -- reached 99.7 million units in March, and is expected to cross the 100-million mark this month. “Few automakers in the world have achieved such a sales record in the global market,’’ said Kim Pil-soo, an automotive engineerin

GM Korea, the Korean unit of General Motors, posted a record net loss of 986.8 billion won ($861.2 million) in 2015, the worst business performance since its launch in 2002 here, according to industry sources Monday. The net loss is 2.8 times higher than that of 2014. GM Korea cars wait to be loaded for shipment to overseas market in Korea. (Yonhap)It also registered 594.4 billion won in operating loss on annual revenue of 11.94 trillion won last year, four times more than that of 2014.“The pull