GM Korea unveiled its electric car, the Chevrolet Spark EV, at a ceremony in Incheon on Tuesday, saying it will begin selling the vehicle in October.“The pure electric Spark EV represents another step forward on GM’s roadmap to providing a variety of solutions that benefit our environment and our customers,” said Sergio Rocha, CEO of GM Korea. “As GM’s first fully electric vehicle in the domestic market, it demonstrates Korea’s important role in GM’s long-term global vehicle strategy.”The Spark

After six years, carmaker succeeds in turnaround on upbeat Korando sales

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Park Dong-hoon, chief executive of the Volkswagen brand at Audi Volkswagen, has joined Renault Samsung Motors as the chief of sales and marketing. “It was not an easy decision, especially since I had worked for eight years side by side with Volkswagen Korea. But I feel it’s time now to apply my know-how to other areas within the auto industry,” Park said regarding his relocation.Park had been with Volkswagen since 2005. Under his leadership, the carmaker’s annual sales jumped from 1,635 to over

Cadillac’s entry luxury sedan was beyond what I’d imagined. I had seen the photos but wasn’t sufficiently prepared for what appeared to be the sportiest and most dynamic member of the classic U.S. auto brand. While not straying too far from the original Cadillac look featuring the trademark emblem and grille ― and did you know the shutters open and close at different speeds for better fuel economy? ― the ATS touted sleeker lines and an uplifted beltline that accentuated a youthful image. The elo

Design chief Karim Habib says dream car is ‘next BMW

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Elon Musk, the billionaire co- founder of Tesla Motors Inc., received $4.3 million in stock-based pay for work on the Model X sport-utility vehicle that the board found probable the company will complete later.Chief Executive Officer Musk’s earnings made up more than 20 percent of the $19.3 million in stock-based compensation Tesla reported for the second quarter. The pay, which doesn’t vest unless the work gets done, was among three adjustments of more than $16 million that Tesla used to explai