The Korea Herald

Genesis brand test-bed for Hyundai power shift

Nov 20, 2015

Experienced global talents, attracted by junior Chung, play key role in evolving Genesis brand
VW CEO says compensation will happen, but slowly

Nov 19, 2015

LOS ANGELES -- Volkswagen America CEO Michael Horn on Wednesday made a public apology over its emissions scandal, but said that full compensation will take time. “We will take the responsibility, but it will take time,” Horn said at the Volkswagen’s press briefing for the 2015 Los Angeles Auto Show, explaining that the company is still in talks with the U.S. environment authorities about the case. He said that the first step into the remedies has been taken, successfully. 　“Starting Nov. 9, we h
Hyundai, Kia debut new Elantra, Sportage in U.S.

Nov 19, 2015

Peter Schreyer, president and chief design officer of Kia Motor Corporation, introduces the 2017 Elantra during the press briefing for the 2015 Los Angeles Auto Show at the L.A. Convention Center on Wednesday. Hyundai Motor CompanyLOS ANGELES -- Hyundai Motor America unveiled the All-New 2017 Elantra during the 2015 Los Angeles Auto Show on Wednesday in the carmaker’s push to boost U.S. sales.The car, which debuted in Korea as the Avante AD earlier this year, is expected lead the compact car mar
Kumho Tire launches giveaway event with winter tire purchase

Nov 19, 2015

Kumho Tire has launched its regular seasonal giveaway event for those purchasing winter tires until Dec. 15, company officials said.Customers who purchase the WinterCRAFT KW27 and other winter tires at Kumho Tire dealerships across the country will receive a moisturizing body lotion set. Kumho Tire's promotional poster for winter tires. Kumho TireAdditionally, Kumho Tire dealerships in Seoul, Incheon and parts of Gyeonggi Province are also offering a service where they store customers’ old tires
[Newsmaker] Hyundai gears up to push Genesis in U.S.

Nov 18, 2015

The Genesis G90, introduced as EQ900 in Korea (Hyundai Motor) FOUNTAIN VALLEY, California -- For quite a long time, Hyundai cars have been perceived as decently-priced high-quality vehicles in the U.S. But many things are about to change now as the company is gearing up to launch its premium brand Genesis in the world’s largest upscale automobile market. "We will present the first flagship sedan Genesis G90 (to be released as EQ900 in Korea) at the Detroit Motor Show in January. The market is qu
Telsa sees 'great potential' in S. Korea: exec

Nov 18, 2015

South Korea has "great potential" and is a market that Tesla Motors Inc. hopes to expand into in the future, one of its co-founders said Wednesday, stopping short of giving any specific business plans. Jeffery B. Straubel, chief technology officer of Tesla and its co-founder along with Elon Musk, made the remarks during a question-and-answer session following his keynote speech at a forum under way in Ilsan, west of Seoul."I can't give a very specific answer on when we will exactly start selling
Watchdog says will limit 'excessive' insurance payments for expensive cars

Nov 18, 2015

South Korea's top financial watchdog said Wednesday that it will move to stop what has been called ridiculous amounts of money paid in insurance to expensive car owners involved in accidents, a move that will help prevent insurance bills of wrongdoers from skyrocketing but may work to the disadvantage of owners of such vehicles.The move follows a recent series of widely published incidents where owners of expensive, imported cars were strongly criticized for running up high repair costs, causing
Hyundai, Kia to unveil Avante, Sportage in North America

Nov 18, 2015

Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will unveil their latest editions of the Avante and the Sportage at a motor show currently underway in the United States, industry sources said Wednesday.Hyundai Motor set up a booth in which it will showcase a total of 17 vehicles during the Los Angeles Auto Show that kicked off on Tuesday local time. Kia Motors put 31 vehicles on display during the event. Of them, Hyundai Motor's latest edition of the Avante subcompact and Kia Motors
City car sales dip after tax cut: data

Nov 18, 2015

Sales of city cars dropped for the past two months after the government lowered taxes on autos in August, prompting consumers to buy mid- and large-sized vehicles over smaller ones, industry data showed Wednesday.According to the data, the country's overall auto sales jumped to some 164,000 units in October from 149,000 in September and 139,000 in August.But sales of city cars with an engine capacity of less than 1,000 cc remained dull or fell slightly with 13,600 units sold in October, 15,000 i
[Photo news] Ferrari's strongest spider debuts in Seoul

Nov 17, 2015

Ferrari Japan managing director Reno De Paoli, who is also in charge of the Korean market, poses next to the new 488 Spider, the Italian supercar’s latest and most powerful Spider, featuring the patented retractable hard top, a new engine and a fresh design, at the launch event in Seoul on Wednesday. The base price for the car starts from 380 million won ($325,000). FMK
Renault Samsung's cumulative sales in Korea top 1.5 mn units

Nov 16, 2015

Renault Samsung Motors Co., the local unit of French auto firm Renault S.A., said Monday that its cumulative sales in South Korea have topped 1.5 million units since its debut here 15 years ago.Its cumulative sales in South Korea stood at 1.52 million units as of end-September, according to data provided by Renault Samsung Motors.Its total sales, including overseas shipments of vehicles produced in Korea, have reached around 2.4 million units, the data showed.During the January-October period, i
Lexus ties with K-music to market compact sports sedan

Nov 15, 2015

　Lexus, Toyota’s premium vehicle brand, ran a collaboration project with the Korean music scene to promote sales of its newly launched IS200t, a compact sports sedan, targeting local car lovers in their 20s and 30s. 　The company held a hip-hop concert-type launching event in Seoul last Wednesday, inviting around 300 potential customers and media officials to celebrate and showcase the new vehicle equipped with a new turbocharged engine and an enhanced automatic transmission system for a more dyn
Kia to recall 256,000 Souls in U.S.

Nov 15, 2015

South Korea's No. 2 carmaker Kia Motors Corp. is voluntarily recalling 256,000 units of its box-shaped vehicle, the Soul, in the United States due to faulty steering, the company said Sunday.Kia Motors said the models include those produced between 2014-2016, along with an electric model.The recall is to fix defective adhesives used in the automobile's steering that could cause parts to fall apart.Kia said the problem does not pose an immediate danger to safety.The company said it plans to condu
Mid-sized models take up 20% of Hyundai's China sales

Nov 15, 2015

Hyundai Motor Group, the world's No. 5 automaker, said Sunday its mid-sized models took up more than 20 percent of its combined sales in China through October this year.Hyundai Motor Co. and Kia Motors Corp. shipped 263,610 mid-sized cars to China over the January-October period, taking up 20.5 percent of the combined sales of 1.28 million units.The mid-sized models accounted for only 8.5 percent of Hyundai Motor's Chinese sales in 2008, but the number gradually increased to 15.3 percent in 2011
Imported diesel car sales in S. Korea drop amid emissions scandal

Nov 13, 2015

Sales of imported diesel vehicles in South Korea hit the lowest level in a year in October as customers seem to be shunning diesel models following the worldwide emissions scandal, industry data showed Friday.According to the data by the Korea Automobile Importers and Distributors Association, imported diesel car sales here came to 11,057 units in October, the smallest monthly figure since October last year, when they reached 11,001 units. The October sales marked a 20 percent drop from Septembe