The Korea Herald

Novelis supplies aluminum for Hyundai’s Ioniq

Jan 19, 2016

Atlanta-based Novelis, a global leader in aluminum rolled products, announced Tuesday it is supplying its high-strength and lightweight aluminum solutions for Hyundai Motor’s Ioniq hybrid. Ioniq is Korea’s first car developed on an exclusively eco-friendly platform. According to Novelis, Hyundai’s new Compact hybrid vehicle has adopted Novelis’ lightweight aluminum for the hood and tailgate, providing approximately 40 percent weight savings versus steel for these parts. The lighter weight reduce
Hyundai’s green car Ioniq to hit U.S. market in Q3

Jan 18, 2016

Hyundai Motor will roll out its first full-on “green car,” the Ioniq, in the U.S. market in the third quarter of the year, Automotive News reported Monday. Hyundai’s Ioniq hybridThe U.S. media outlet quoted Hyundai Motor America CEO Dave Zuchowski as saying the company will bring the hybrid and all-electric versions of its Ioniq five-door hatchback in the third quarter to the market. The plug-in hybrid electric vehicle version will follow the suit in the future. A Hyundai spokesman refused to c
Hyundai, Kia log 2nd-fastest sales growth in France

Jan 18, 2016

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their sales in France grow at the second fastest clip among car brands there last year, industry data showed Monday.The two South Korean carmakers sold a combined 53,114 units in France last year, up 17.1 percent from a year earlier, according to the data provided by a local automobile association and the Korea Trade-Investment Promotion Agency.The on-year growth rate marked the second sharpest following a 19.1 percent gain of Merc
Preorders for Kia's new K7 top 4,500 units in 4 days

Jan 18, 2016

Preorders for the all-new K7 sedan of Kia Motors Corp. have topped 4,500 in just four days since its media debut last week, a sign that it is receiving a favorable initial market response, company data showed Monday.Since accepting preorders for the K7 starting last Tuesday, one day after a media preview event, Kia Motors, the country's second-largest carmaker, said that the deals have surpassed 4,500 as of Friday. On Jan. 11, Kia Motors unveiled the K7 to the media, saying it will compete with
Kia design chief labels New K7 ‘the future’

Jan 17, 2016

Peter Schreyer, president and chief design officer at Hyundai Motor Group, said Sunday that the New K7, to be released later this month by Kia Motors, will be the future of the company’s design.“The most important thing for us was to think about the future customers,” Schreyer said in a video interview released on the day.The new midsize sedan has several contemporary and futuristic features, including a stretched window graphic going down the side, alongside the negative seam in front, making t
Hyundai Motor fastest-growing auto brand in Germany

Jan 15, 2016

South Korea’s leading carmaker Hyundai Motor, sold a record number of cars in Germany in 2015, data showed Friday. The company was also found to have logged the fastest sales growth among major car brands in the European country. In total, Hyundai Motor sold some 108,434 cars in Germany in 2015, reflecting an 8.6 percent rise from a year earlier, according to data compiled by a local automobile association. The figure was the largest ever, exceeding the previous record of 101,522 units set in 20
Samsung heiress ends storied marriage

Jan 14, 2016

Ending a long-drawn dramatic episode that captivated the nation, Lee Boo-jin, the eldest daughter of Samsung Group chairman Lee Kun-hee, legally ended her 17-year marriage Thursday.　According to Samsung officials, the Seongnam branch of the Suwon District Court ruled in favor of the 46-year-old chaebol scion who filed for divorce from her husband Lim Woo-jae in October 2014. 　 Lee Boo-jin YonhapLee, who heads Samsung affiliate Hotel Shilla, had reportedly fallen out with her 48-year-old husband
Hyundai Motor aims to sell 30,000 units of Ioniq hybrid this year

Jan 14, 2016

Hyundai Motor Co., South Korea's leading carmaker, started selling the Ioniq hybrid, its first dedicated green car model, on Thursday, with an aim to sell as many as 30,000 units this year.The Ioniq is a green car developed through its own platform as opposed to vehicles with designs and production based on existing gasoline or diesel models. Hyundai Motor plans to expand its lineup to electric vehicle and plug-in electric vehicle versions later on.Hyundai Motor said it aims to sell 15,000 units
Sales of Volvo vehicles jump 42.4% in 2015

Jan 14, 2016

Volvo was a rising star among foreign car brands outside of German luxury ones in 2015, as its sales jumped 42.4 percent to 4,238 units from the previous year.The S60 midsize luxury sedan from the Swedish automaker was the best-selling model here. Its sales rose on-year 61.2 percent to 1,122 units in 2015, Volvo Car Korea said in a press release Thursday. The product lineup of Volvo Cross Country. Volvo Car KoreaThe V40 hatchback and XC60 sport utility vehicle were two other models lifting sales
Renault Samsung unveils SM6

Jan 13, 2016

TAEAN, South Chungcheong Province -- Renault Samsung Motors unveiled the SM6, a face-lifted version of the Renault Talisman, which has been exclusively redesigned to satisfy local tastes, in South Korea on Wednesday.　The SM6, released by France-based Renault as the Talisman in July 2015, is a premium midsize sedan codeveloped by designers and engineers at Renault and Renault Samsung. 　Targeting drivers in their 30s and 40s, the vehicle touts exclusive driving technologies as well as a longer whe
GM denies speculation of another pullout from Korea

Jan 13, 2016

GM Korea president James Kim denied the speculation of a possible pullout from Korea again, saying the rumor is groundless, Yonhap news agency reported Wednesday. His comment was made during a meeting with the local press during the 2016 Detroit Auto Show on Tuesday. Kim said GM considers Korea is one of the important markets and so it will roll out new cars to boost sales this year, the report added. (Yonhap)The repeated rumor that the U.S. automaker could leave the country was recently reignit
Hyundai Motor's sales in India hit all-time high in 2015

Jan 13, 2016

South Korea's top automaker Hyundai Motor Co. saw its sales in India hit an all-time high in 2015 despite an overall economic slump, industry data showed Tuesday.According to the data provided by its local unit, Hyundai Motor sold 476,001 cars in India last year, up 15.7 percent from a year earlier. Its share in the local passenger car market also rose to a record high of 17.3 percent. Strong demand for such new models as the Creta crossover SUV and the i20 Active led the way. In particular, Hyu
Renault Samsung unveils SM6 in Korea

Jan 13, 2016

TAEAN, South Chungcheong Province -- Renault Samsung Motors unveiled the SM6, a facelifted version of the Renault Talisman which has been exclusively redesigned and upgraded to meet local tastes, in South Korea on Wednesday.The SM6, released by France-based Renault as the Talisman in July 2015, is a premium midsize sedan codeveloped by Renault and Renault Samsung which is positioned as a more upscale vehicle lying between the SM5 and SM7.“The SM6 is set to set a new standard for Korea’s midsize
BMW to expand ties with Korea in e-mobility

Jan 12, 2016

Chairman of German luxury carmaker expects to see further growth in Korea
Genesis G90 makes global debut in Detroit

Jan 12, 2016

Hyundai Motor Group vice chairman Chung Eui-sun on Monday unveiled the Genesis G90 at the North American International Auto Show in Detroit, targeting the world’s largest luxury car market. Aiming to sell more than 5,000 units in the inaugural year, Hyundai said the G90 ― the flagship sedan of the company’s newly launched stand-alone premium brand Genesis ― will lead the company’s repositioning in the global luxury auto market. “We will march toward our new goal of luxury,” Chung said at the med