Mercedes-Benz is expected to reach the 7,000 mark in sales of the new E-Class this year as its chief executive Britta Seeger had previously predicted.Last month, the German carmaker sold more than 1,400 units, up from 866 in August. As of the end of July, it had sold more than 2,000, which suggests that the company will be capable of comfortably achieving the 7,000 goal, especially considering that the car was launched only in June. Packaged in a brand new design and grill, and with prices start

Jaguar Land Rover Korea on Saturday held the 2013 Land Rover Han River Yacht Race jointly with the Seoul Yacht Association to help boost sports in Korea, the company said. It also marked the launch of the All-New Range Rover Sport on Friday.The Land Rover Han River Yacht Race was the largest cruising yacht race to be held on the Hangang River to date. Land Rover Korea also said it made a 200 million won ($188,600) donation to the Seoul Yacht Association to help nurture young yacht players and th

BEIJING (Yonhap News) ― Hyundai Motor Co., South Korea’s top carmaker, said Sunday that annual sales of its vehicles in China will likely reach 1 million units for the first time this year, despite an economic slowdown in the world’s largest auto market. Hyundai began its Chinese sales campaign in 2002 by establishing a joint venture with local partner Beijing Automotive.In the first nine months of the year, Hyundai saw its sales in China jump 28 percent from a year earlier to 760,916 units. “In

Renault Samsung Motors has started to mass produce the SM3 Z.E. in its Busan plant, the carmaker said on Monday.Starting next year, the company plans to produce up to 4,000 of the vehicles annually with the aim of becoming a leader in the electric car industry.“Electric cars will be the engines of growth leading the green growth of Korea,” said Francois Provost, chief executive of the company, adding Renault Samsung Motors had every intention of fully supporting the initiative. In the ten “pione

Volkswagen AG’s nine-month sales topped 7 million vehicles for the first time as demand in China more than offset a decline in Europe. Deliveries rose 4.8 percent to 7.03 million cars and trucks, the Wolfsburg, Germany-based automaker, the region’s largest, said Friday in a statement. September sales gained 7 percent to 856,900 vehicles. The maker of VW, Audi and Porsche vehicles is relying on growth in China, the world’s largest auto market, to balance slumping demand in Europe, where sales are

Porsche AG is looking to enter 15 new countries by the end of the decade, mainly in Africa, as part of its growth strategy. “We’re covering new markets where we have not been in yet,” Bernhard Maier, Porsche’s global sales chief, said in Shanghai at the opening of its largest dealership in the world. “We’re aiming to go into an additional 15 countries by the end of the decade.” He said Porsche would look to north Africa, without specifying which markets. Expanding into new countries would help P

A British magazine has praised the G2, the latest flagship smartphone of South Korean tech giant LG Electronics Inc., by calling it the new king of Android.Stuff said in its September issue posted on its website that the G2 marks LG’s magnificent return to form on the smartphone scene and it has rocketed straight to the top of its top 10 smartphone list.“It dispatches its arch-rival’s offering with relative ease. This is a faster, nicer-screened and crisper-cameraed device than the Samsung Galax