Ssangyong Motor, owned by India's auto giant Mahindra & Mahindra, said Monday that sales of the recently unveiled Tivoli Air have surpassed 5,000 units in just a month since its official launch.The Tiovli Air is a long-body version of its popular Tivoli crossover sport utility vehicle, boasting more luggage room. It was launched on March 8. Ssangyong Motor's Tivoli Air (Yonhap)As of Friday, accumulative sales of the Tivoli Air have reached about 5,100 units on a contract basis, according to Ssan

GM Korea's planned launch of the new Malibu next month is expected to intensify competition in the midsize sedan market here where major automakers are already clashing with their latest popular models, industry sources said Monday.The midsize sedan market here is being dominated by such popular models as Hyundai Motor's Sonata and Kia Motors's K7. Recently, Renault Samsung Motors unveiled the SM6, which has been drawing a better-than-expected market response.  GM Korea's Malibu midsize sedan (Y

Import car market has seen double-digit growth despite Hyundai’s dominance

BMW’S NEW X1 MODEL -- BMW Korea launched its new X1 xDrive 18d model this month. It has a higher fuel efficiency compared to the previous model xDrive 20d launched in February. The new BMW X1 xDrive 18d is priced from 51.4 million won ($44,606). (BMW KOREA)

FORD LAUNCHES MOBILE APP -- Ford Korea said Friday it is introducing a mobile application “Ford Owners App” for maximizing customer satisfaction. Using the app, drivers can obtain information on the location of Ford’s 27 service centers in Korea. It also provides service center call service, round-the-clock emergency dispatch service, and alerts drivers on regular check-ups. (Ford Korea)

Jaguar Land Rover’s premium compact sedan XE surpassed the Audi A4 in sales in the first quarter of this year, industry data showed. According to the Korea Automobile Importers and Distributors Association, the Jaguar XE was the third highest selling model in the segment of imported premium compact sedans, breaking into the top three position for the first time since its launch in Korea in September.  Jaguar XE (Jaguar Land Rover Korea)XE’s sales figures came in at 534 units in the January-March

South Korea's top automaker Hyundai Motor Co. took up three out of the top 10 best-selling import cars in Germany, industry data showed Saturday, reflecting its robust sales in the European market.According to the data compiled by the German Association of the Automotive Industry, Hyundai sold 2,116 units of Tucson, a sport utility vehicle in the country last month, which ranked third after the Nissan Qashqai and the Fiat 500.The Hyundai Tucson, which first reached the European market in the sec

Hyundai Motor said Friday it will debut its car-sharing service -- based on its hydrogen fuel cell electric vehicle -- in Munich, Germany this summer, partnering with hydrogen fueling supplier Linde Group.It will be the world’s first car-sharing service based on hydrogen EV cars, the Korean automaker said. Hyundai’s Tucson ix35, its hydrogen fuel cell electric vehicle. (Yonhap)Under the brand name of BeeZero, Hyundai will deploy 50 Tucson ix35 vehicles. The vehicle can travel about 600 kilometer

Domestic sales by automakers in Korea hit their quarterly high during the first three months of this year, bolstered in part by the government's push to extend a tax cut on car purchases, industry data showed Friday.Five automakers, including Hyundai Motor, and Kia Motors, along with two commercial vehicle manufacturers, including Tata Daewoo, sold a combined 368,492 cars during the January-March period. This is up from the previous year's 362,856 units.This represented the best first-quarter sa

Tightened taxation rules affected sales of luxury company cars with price tags exceeding 100 million won ($86,600), most of which are foreign car brands, in the first quarter of this year, an industry source said. According to the Korea Automobile Importers & Distribution Association, the number of imported cars registered by companies fell to 19,564 units in the first three months, a 20.5 percent drop from the same period of last year. “Behind the sharp fall is the tightened tax deduction rule

Jaguar Land Rover Korea will strengthen its certified used car business by opening five more preowned car showrooms this year, the company said on Thursday. The firm started the business in 2014, opening the first showroom for its approved preowned cars in Seoul for the first time in the Asia Pacific region. Recently, it opened the second showroom in Janganpyeong where the nation’s biggest used-car market is located.  The showroom for preowned Jaguar Land Rover cars in Janganpyeong, Seoul. (Jagu

Kia Motors, Korea's second-ranked carmaker, is expected to start operations at its plant in Mexico as planned amid reports that negotiations over the local government's promised incentives seem to be making some headway, industry watchers said Thursday.Media reports have raised speculation that the May launch of the plant located in the northern Mexican state of Nuevo Leon might face a hurdle as the local government sought renegotiations on incentives and other benefits it earlier promised to lu

Porsche Korea, the local unit of the German luxury car brand Porsche, will recall 5,908 Cayenne sports utility vehicles for problems in their foot pedals, the Korean transport ministry said Thursday.A clip may have become dislodged from the pedal bracket, which could lead to a malfunction in the braking system while driving, according to the Ministry of Land, Infrastructure and Transport.The problem has been detected in 5,908 Cayenne SUVs produced between Jan. 15, 2010 and Jan. 11, 2016.Free rep

Sales of imported cars in Korea grew 8.1 percent in March from a year ago, on benefits of an extended tax cut, data showed Wednesday.According to the Korea Automobile Importers and Distributors Association, a total of 24,094 foreign cars were registered last month, compared to 22,280 units last year. Sales in March also surged 53.7 percent from 15,671 units in February, it added.Sales of foreign cars may have recovered due to the government extending its tax cut program for new car owners until

Transactions of used cars in Korea hit a record high in February, government data showed Wednesday, amid a protracted economic slump.A total of 283,875 second-hand cars were registered in February, marking the largest number in any past February results, according to the data compiled by the Ministry of Land, Infrastructure and Transport.For the first two months of the year, total registrations of used cars reached 572,599, up from 542,225 units tallied over the same period last year.The number