Hyundai Motor Group vice chairman Chung Eui-sun on Monday introduced the Genesis G90 to the world at the North American International Auto Show, 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 reposition itself among the global luxury automakers. “We will march toward our new goal of luxury,” Chung said at t

Technicians check the audio system in Kia’s new K7 sedan at the carmaker’s R&D center in Hwaseong, Gyeonggi Province, on Monday. The automakers’ new flagship sedan with eight-speed transmission boasts enhanced fuel efficiency and driving performance. The new K7’s price tag ranges from 30.8 million won ($24,940) to 39.4 million won depending on power trains and options. Kia Motors　

Hyundai Motor Group said Sunday it appointed Korean architect Kim Jong-sung as the head of a multibillion-dollar project to build the Hyundai Global Business Center in Samseong-dong, an affluent business district in southern Seoul, by 2023.　The 82-year-old architect, part of the first generation to develop the nation’s modern architecture, will coordinate various architecture projects developed for the landmark multipurpose business complex on the 79,342-square-meter site, the company officials

New cars by local automakers will focus on three themes to prop up their market share following fierce competition from foreign brands

South Korea’s leading steelmaker POSCO said Sunday it is showcasing its automotive steel plate technology for the first time at this year’s North American International Auto Show taking place in Detroit, Michigan, from Jan. 11-24.Aiming to appeal to global automakers, POSCO is presenting its self-developed advanced automotive steel technology and some 30 types of futuristic car components to be used in next-generation cars at the annual U.S.-based auto show.The steelmaker will be promoting its s

Hyundai Motor’s new hybrid EV challenges Toyota’s all-new Prius, armed with competitive fuel efficiency and driving performance

Hyundai Motor Group chairman Chung Mong-koo on Monday set a global production and sales target of 8.13 million units for the world’s fifth-largest carmaker in 2016. The target is about 1 percent down from 2015’s goal of selling 8.2 million units. The carmaker managed to sell 8.01 million units last year, about 2.4 percent short of its initial target. Chung attributed the volatile Chinese market to the shortcoming. “As we all can see, the Chinese market has been weaker than expected, which is the

The facelifted version of Kia Motors’ sleeper-hit sports utility vehicle, the Mohave, will return to the market in February after a six month-hiatus in production. The Mohave is marketed as the Borrego in North America. According to market reports, the new Mohave will be adjusted with a selective catalytic reduction device attached to its signature V6 3.0 liter-engine in order to reduce greenhouse gas emissions, thus meeting the tightened Euro 6 emission regulations. Kia Mohave. Kia MotorsIt wil

Reflecting global economic woes, the Korean car market is expected to shrink this year, but with robust sales in the sport utility vehicle sector, a local think tank has suggested. “This year, a total of 1.76 million units of cars are expected to be sold in Korea, which is about 3.1 percent down from 1.82 million in 2015,” said Park Hong-jae, chief of the Korea Automotive Research Institute. The institute under Hyundai Motor Group attributed a lack of new models to come ― mainly in the SUV secto

Ssangyong Motor’s management and labor union reached a landmark agreement Wednesday to incrementally rehire a group of workers dismissed in 2009 and normalize their relations.　The official settlement concludes a six-year-long dispute that began when Ssangyong Motor laid off 2,646 workers, or some 37 percent of its workforce, in April 2009, sparking mass strikes and protests from the dismissed employees.Ssangyong Motor CEO Choi Johng-sik (center), labor union leader Hong Bong-seok (right) and hea