The Korea Herald

Can Genesis open new chapter for Hyundai?

Nov 12, 2015

Hyundai Motor vice chairman Chung Eui-sun makes a presentation on the vision of Genesis, the firm's new luxury brand, in Seoul on Nov. 4. YonhapHyundai Motor has made a splash in the auto industry since the nation’s top automaker, which had focused on the mass market, officially launched its premium brand Genesis on Nov. 4 to take on the global luxury car market. Through its artist’s rendering released Tuesday, the G90 (EQ 900 in Korea), the first model of Genesis showed it is bold and sleek en
Kia Motors' sales in Mexico grow for fourth straight month in Oct.

Nov 12, 2015

Kia Motors Corp., South Korea's second-ranked carmaker, saw its sales in Mexico grow for the fourth straight month in October, industry data showed Thursday.According to the data provided by a local automotive association, Kia Motors sold 1,829 cars in Mexico, up 6.9 percent from a month earlier.Since entering the Mexican market for the first time in July, Kia Motors has posted on-month sales growth for four straight months. Kia Motors is currently aiming to join the top 10 players in the Mexica
Kia Motors' Soul emerges as No. 1 seller in overseas markets

Nov 12, 2015

The Soul box-type vehicle emerged as the best-selling car in overseas markets for South Korea's No. 2 carmaker Kia Motors Corp. this year, industry data showed Thursday.According to the data, Kia Motors sold a cumulative 177,457 units of the Soul overseas during the January-October period of the year, the largest among its vehicle models sold overseas.The sales figure exceeded the previous leader Pride subcompact, whose sales came to 176,979 units during the same period. This is the first time t
Volkswagen, Nissan, Mercedes-Benz, Maserati to recall 28,197 cars in Korea

Nov 11, 2015

Volkswagen, Nissan, Mercedes-Benz and Maserati will recall 28,197 cars sold in South Korea for safety-related mechanical defects, the transportation ministry said Wednesday.According to the Ministry of Land, Infrastructure and Transport, a combined 27,811 Passats, CCs, Jettas, Tiguans and three other models made by the German auto giant Volkswagen have problems with their clock springs that can lead to a malfunction in vehicle horns and cause air bag warning lights to light up.The spring is a co
Hyundai Motor heir apparent raises company stake

Nov 11, 2015

Hyundai Motor Co. Vice Chairman Chung Eui-sun bought an additional stake in the country's leading automaker on Tuesday as part of efforts to tighten his grip on the company and protect shareholders' value, the company said.Chung, the son of Hyundai Motor Group Chairman Chung Mong-koo, spent nearly 300 billion won ($259.3 million) in purchasing around 1.84 million shares, or 0.84 percent, in Hyundai Motor from Hyundai Samho Heavy Industries Co.The purchase was made during after-hour trading and C
Hyundai Motor not to hike EQ900 prices just due to brand change: official

Nov 11, 2015

South Korea's leading automaker Hyundai Motor Co. will not raise the prices of its first Genesis model much just because of the recently announced brand change, a high-ranking company official has said. The EQ900, the top-of-the-line model of six Genesis models to be developed, will be officially launched Dec. 9 in the domestic market, the vice president-level official said. Its overseas edition, the G90, will be introduced early next year."We will not raise the prices of the EQ900 significantly
Hyundai Motor unveils first Genesis model

Nov 10, 2015

Carmaker boasts new luxury car EQ900 armed with advanced tech
Hyundai Motor unveils 1st Genesis model in media preview

Nov 10, 2015

Hyundai Motor Co., South Korea's largest automaker, unveiled rendered images and other details of the EQ900 on Tuesday, the first model under its new global brand name of Genesis that will officially be launched next month.The EQ900 is also the latest edition of Hyundai Motor's Equus flagship luxury model, which was consolidated with the Genesis brand, and the top-of-the-line of six models to be launched under the Genesis brand in the years to come. It was unveiled in Hwaseong, south of Seoul, w
Hyundai, Kia rank 1st in German sales

Nov 9, 2015

Hyundai Motor Co. and smaller affiliate Kia Motors Corp. led in sales among foreign brands in Germany in October despite the overall weak demand, industry data showed Monday.According to the data by a German automotive association, the two South Korean carmakers sold a combined 14,131 units in October, the largest monthly sales among foreign brands there.Hyundai Motor saw its sales inch up 0.4 percent on-year to 9,084 units, while Kia Motors' sales expanded 4.2 percent over the same period to 5,
Google, Tesla, others wait for DMV’s self-driving rules

Nov 8, 2015

SAN JOSE, California ― When the Florida Highway Patrol pulled him over this month for driving too fast, Brooks Weisblat didn’t bother telling the officer that his Tesla Model S had been driving itself.“That would have definitely got me a ticket,” said Weisblat, who got a warning notice instead.Florida doesn’t have a driver’s handbook dictating robot rules of the road. No state does, but California could become the global model next year when it publishes first-in-the-world consumer rules for sel
Plug-in hybrid to become buzzword in 2016

Nov 8, 2015

In the aftermath of the Volkswagen emissions-cheating scandal, carmakers ― both foreign and domestic ― are rushing to introduce more environmentally friendly cars, in particular, plug-in hybrid electric vehicles, next year. “Of course it would be more eco-friendly if we could have the full-electric vehicles because they emit no greenhouse gas at all. But given the situation that EVs are pricier and generally cannot run a long distance on a single charge, PHEVs are considered the optimal product
BMW appoints Korea sales chief as Malaysia CEO

Nov 7, 2015

Han Sang-yun, new CEO of BMW MalaysiaHan Sang-yun, head of sales at BMW Korea, will lead BMW Malaysia as the new managing director and CEO from January 2016, according to BMW AG on Friday. Han is the first Korean CEO to lead an overseas branch of the German luxury carmaker except the Korean market. The new head of BMW Malaysia has more than 20 years of work experience in different sectors of the auto industry from sales to marketing and product management and will be able to apply his experience
Hyundai Motor launches global luxury brand Genesis

Nov 4, 2015

Against the backdrop of the emblem of the company’s global luxury brand Genesis, Hyundai Motor vice chairman Chung Eui-sun speaks at a launch event in Seoul on Wednesday. Hyundai MotorHyundai Motor, the nation’s top automaker, launched its global brand “Genesis” on Wednesday in response to the fast-growing luxury auto market.The carmaker said it chose Genesis -- the model name of its full-size sedan -- for its global luxury brand, considering the car’s global presence. The Genesis brand will be
Japan unveils futuristic cars in Tokyo auto show

Nov 1, 2015

The biannual Tokyo Motor Show, one of the world’s top five automotive fairs, has been the perfect venue to look into directions Japanese carmakers are taking.The 2015 Tokyo auto show, which kicked off at the Tokyo Big Sight on Wednesday, features cutting-edge auto technologies of Japanese car manufacturers, including Toyota, Nissan and Honda.In particular, Japan’s global leadership in green cars such as plug-in hybrids and fuel cell vehicles is taking center stage at the trade show, as German di
[Photo News] Porsche introduces the new Macan GTS

Nov 1, 2015

THE NEW PORSCHE MACAN GTS -- The new Porsche Macan GTS boasts a maximum 360 horsepower as a model fusing together the Macan S and the Macan Turbo. The vehicle has the 3-liter bi-turbo engine of the Macan S as well as Porsche’s double clutch and traction management systems for flexible power distribution between the front and rear axles. (Porsche Korea)