The Korea Herald

[Photo News] One of kind in Korea

Nov 27, 2013
Mercedes-Benz Korea aims to double sales by 2020

Nov 27, 2013

“If you can make it here, you can make it anywhere,” said Daimler Group chairman Dieter Zetsche at a press conference marking the launch of the new S Class by Mercedes-Benz Korea in Seoul on Wednesday. He was talking about Korea being a market where customers are demanding customers and very savvy where Internet technology is concerned. And given Korea’s IT prowess, it makes sense for the German carmaker to learn and build on telematics and other driving solutions by building a Mercedes-Benz res
[Photo News] Stars of LA auto shows

Nov 24, 2013
Hyundai Motor makes last-minute checks on new, revamped Genesis

Nov 24, 2013

Hyundai Motor Group chairman Chung Mong-koo on Saturday visited the group’s steel-making affiliates to ensure quality control of steel sheets that are used in Hyundai and Kia brand vehicles, especially the long-anticipated new Genesis. “Steel sheets are crucial to the success of new vehicles, including the new Genesis,” Chung was quoted as saying during his visit to the Dangjing plants of Hyundai Steel and Hyundai Hysco, the two Hyundai-affiliated steel makers that were recently merged. The reva
Redesigned S-Class upholds supremacy of Mercedes-Benz

Nov 24, 2013

Daimler CEO to visit Seoul this week to unveil lavish limo
Honda adopts English as official language in global meetings

Nov 24, 2013

Honda Motor Co. made English the official language of global meetings as the Japanese carmaker shifts decision-making power to regional units. Chief executive officer Takanobu Ito informed global employees of the change in April, John Mendel, executive vice president of the Tokyo-based company’s U.S. sales unit, said in an interview at the Los Angeles Auto Show. Mendel was promoted to Honda’s North American management committee in 2012, in an earlier move by Ito to localize business decisions. T
VW to spend $114b in pursuit of global sales lead

Nov 24, 2013

Volkswagen AG, Europe’s largest automaker, will maintain a high level of spending on developing new vehicles and upgrading factories over the coming five years to underpin its bid to become the world’s largest automaker.VW plans to invest 84.2 billion euros ($114 billion) through 2018, the Wolfsburg, Germany-based company said today in a statement. The plan calls for a reduction in average annual spending on property, plants and equipment of about 500 million euros a year, compared with its prev
Much ado about nothing: Tesla

Nov 21, 2013

Tesla Motors was in Korea this week for its first investor relations in the country.To cut a long story short, the press and investors seemed to have made a big fuss over nothing.“The Tesla executives seemed to have nothing to say to us. We even asked if there was anything they needed to discuss with us but the answer was no,” an official at the National Pension Fund told The Korea Herald. NPS is a major institutional investor that is investing up to 80 trillion won in the local stock market. It
Tesla undecided on launching in Korea

Nov 18, 2013

Electric carmaker more interested in securing investment from pension fund
Mahindra reaffirms support for Ssangyong

Nov 17, 2013

Mahindra & Mahindra, the largest shareholder of Ssangyong Motors, reaffirmed its support for the carmaker at a meeting with lawmakers from Korea’s opposition political parties, stressing that Ssangyong will invest up to 1 trillion won ($940.9 million) to produce three new products by 2017.“Chairman Anand Mahindra and president Pawan Goenka both showed their unwavering support for Ssangyong,” Mahindra’s publicists said Sunday. Mahindra is chairman and managing director of Mahindra & Mahindra, whi
LG takes initiative in electric cars

Nov 17, 2013

New auto unit may join up with LG Chem’s battery division for more synergy
Pushing the limits at Hyundai Motor’s desert track

Nov 17, 2013

New Genesis honed for greater agility at Mojave Desert proving ground
New S-Class to be unveiled on Nov. 27

Nov 17, 2013

Mercedes-Benz Korea is expected to introduce the sixth-generation New S-Class flagship sedan to Korea on Nov. 27, the carmaker said Sunday.Dieter Zetsche, chairman of Daimler AG and head of Mercedes-Benz Cars, will visit for the first time to unveil the New S-Class. Intelligent drive, essence of luxury and efficient technology are the three terms used to describe the new model that comes in a dynamic new silhouette and design, the company said.New features including the Driving Assistance Packag
[Photo news] Add to lineup

Nov 14, 2013
Renault Samsung Motors to begin early QM3 sales

Nov 14, 2013

Renault Samsung Motors will sell 1,000 units of its QM3 crossover during December ahead of its official release, the company said on Thursday.It will be a one-time sale until the QM3 hits local shelves in earnest in March. The QM3 had initially been expected to start selling here earlier but high demand in Europe pushed back the date.Korea will be the first region in Asia where the QM3 will be available this year. Preorders will start on Nov. 20, RSM said. The QM3 1.5 diesel’s official fuel econ