GM Korea Co., the South Korean unit of U.S. auto giant General Motors Co., has outlined a plan to compensate owners of its Cruze compact for exaggerated fuel economy claims, the government said Wednesday.   The transportation ministry said it recently received a plan from the country's third-largest original equipment manufacturer, stating that the combined mileage for the 1.8-liter version of the compact front-wheel drive car did not meet the stated 12.4 kilometers per liter of fuel.    The Cru

Foreign-brand cars will see their combined market share surge to 27 percent in Korea by 2020, Marketing Insight, an automotive market research firm, said Tuesday in a report. The report predicted that foreign brands would continue to expand their market share in the coming years to claim 20 percent by 2016 and 27 percent by 2020. “Considering the outlook is based on conservative conditions, it is also likely that the 27 percent market share could be reached earlier than expected,” the report add

The head of South Korea's Korea Automobile Manufacturers Association (KAMA) was picked Thursday as the new chairman of an international body tasked with sharing of information among leading carmakers around the world.   Kim Yong-geun was named to head the Paris-based International Organization of Motor Vehicle Manufacturers, better known by its French acronym OICA, at the group's latest roundtable general assembly underway in Seoul.   He is the first South Korean national to take the post and wi

Global carmakers may soon have to revise their sunroofs as related safety standards are expected to be toughened in the coming years following the South Korean government’s recent findings about ceramic coating weakening glass. According to the Ministry of Land, Infrastructure and Transport on Wednesday, a team of local researchers found last year that ceramic coating, which is widely used to reduce noise and store heat, can weaken the glass used for the sunroofs. The new findings came as consum

Kia Motors is holding its largest-ever gathering of global dealers in Seoul this week, with more than 260 representatives from the carmaker’s global operations and dealers from 110 countries in attendance. The five-day event, which kicked off Monday and continues through Friday, consists of business meetings; test-drives of new models; visits to Kia’s R&D center and the Dangjin factory of Hyundai Steel, the steelmaking unit of Hyundai Motor Group; and cultural programs.A business conference will

A Swiss father and his son who gained millions of Facebook followers through their Ferrari SpA fan pages sued the social media company and the carmaker claiming they teamed up to illegally seize control of the websites.The lawsuit filed in California state court follows earlier legal spats in Europe between Olivier and Sammy Wasem and the sports car company over their “Ferrari Fan Page” and a separate “Formula 1 Vision” page.“Ferrari wanted it,” the Wasems said in a complaint filed Oct. 14 in Sa

Volkswagen AG will recall about 1.02 million cars in China and the U.S. to fix possible defects related to the rear suspension.Europe’s largest automaker informed the National Highway Transport Safety Administration that 400,602 Jetta sedans built from 2011 to 2013 and 41,663 Beetle models produced from 2012 to 2013 will be checked, VW spokesman Pietro Zollino said by phone.“The axle is safe,” Zollino said. “The problem can only occur with cars that had some sort of accident like a collision bef

Tesla Motors Inc. shares dropped to their lowest level in more than two months after last night’s unveiling of an all-wheel drive Model S and driver-assisting tools.Chief executive officer Elon Musk had created a buzz around the event by tweeting about it on Oct. 1. The debut of the newest Tesla electric car went “largely as expected,” and that could potentially “take some wind out of the sails” of the more bullish investors, Bank of America wrote. The updates in part show that Tesla is playing