The Korea Herald

Ferrari is recession proof as ultra-luxury car sells out

Sept 18, 2011

Maserati SpA’s new sport-utility vehicle was one of the most sought-after models at the Frankfurt car show last week and Ferrari SpA predicted record sales as executives said ultra-luxury remains recession-proof.“If you go to the Ferrari stand, there aren’t any customers worried about the recession,
Volvo Korea disguising who owns it?

Sept 18, 2011

Volvo Cars Korea has been providing consumers with outdated information over the automaker’s ownership structure on its website for about a year.Though China-based Zhejiang Geely Holding Group completed acquisition of Swedish-founded Volvo Cars from U.S.-based Ford Motor in the third quarter of 2010
Ssangyong aims to sell 40,000 cars in Europe this year

Sept 14, 2011

FRANKFURT, Germany (Yonhap News) ― Ssangyong Motor Co., South Korea’s smallest automaker, aims to sell 40,000 cars in the European market in 2012 as it moves to expand its global presence, the company’s president said Tuesday.Meeting with reporters at the Frankfurt Motor Show, Ssangyong CEO Lee Yoo-
K5 hybrid listed in Guinness Book

Sept 13, 2011

Kia Motors said Tuesday that the hybrid-version of the K5, or Optima in the U.S., was registered in the Guinness Book of Records by recently posting about 27.5 kilometers per liter in fuel efficiency.Starting Aug 26, the automaker carried out a challenge driving of the sedan for 12,710 kilometers fo
Electric cars strut their stuff in Frankfurt Motor Show

Sept 13, 2011

The IAA Frankfurt Motor Show, kicking off Thursday, will pit the latest electric cars equipped with the best environmental credentials and designs. High-end brands including BMW, Audi and Volkswagen will showcase the next-generation cars at one of the largest motor shows in the world held biannually
Hyundai launches new fuel-efficient Accent ‘Blue Saver’

Sept 8, 2011

South Korea’s largest carmaker Hyundai Motor Co. on Thursday launched its new fuel-efficient Accent subcompact model on the domestic market. The new “Blue Saver” model of the popular small-sized car can run 17.7 kilometers on a liter of gasoline compared to 16.7 kilometers for the conventional 1.6-l
Small car sales rise to year high on economic worries

Sept 5, 2011

Small car sales rise to year high on economic worries 　Small automobile sales rose to a year high in August boosted by rising fuel prices and concerns for a new worldwide economic downturn.According to industry data, 38,698 small vehicles were sold on the local market in August, accounting for 53.5
Ferrari approached for listing on Hong Kong stock exchange

Sept 4, 2011
Can electric cars win in the mass market?

Sept 4, 2011

CHICAGO (AFP) ― It’s not every day that a U.S. governor accepts an invitation to the launch of a Japanese-built car, but Nissan’s all-electric Leaf offers environmental credentials that top any nationalistic concerns. “Illinois is laying the groundwork for electric vehicles and a more green economy,
BMW draws growing complaints in Korea

Sept 4, 2011

A growing number of Korean drivers have complaints about BMW vehicles even as the carmaker is securing the No. 1 position in sales among foreign automakers in the local market.According to the Korea Consumer Agency, BMW Korea saw its sales come to 17,072 units for the first seven months of the year,
Sorento boosts Kia sales in U.S.

Sept 2, 2011

Kia Motors saw its sales exceed 300,000 units in the United States for the first eight months of this year, thanks to growing popularity of the crossover utility vehicle Sorento R.The automaker said Friday that it sold 41,188 vehicles in the U.S. market in August to post 331,796 units in sales this
Ssangyong, Renault lead sales growth

Sept 1, 2011

Ssangyong Motor and Renault Samsung Motors have taken the lead in vehicle sales growth in August, surpassing competitors Hyundai Motor, Kia Motors and GM Korea.Ssangyong Motor saw its sales surge 54.6 percent in August from a year earlier on the back of brisk exports and steady domestic demand.It so
GM Korea vows to attain double-digit market share

Aug 31, 2011

GM Korea has resolved to secure more than 10 percent of the local market on a yearly basis, unveiling its plan to launch new models of the Chevrolet series. Mike Arcamone, president and CEO of General Motors’ local unit, stressed that the automaker could see “double-digit market share” in Korea at t
Kia hybrid seeks Guinness record

Aug 28, 2011

Kia Motors Corp., South Korea’s second-largest automaker, said Friday that its Optima hybrid mid-size car will try to set a new Guinness World Record for the best mileage car by driving through the United States.The Guinness challenge started with an Optima sedan leaving its production plant in West
BMW expects Mercedes-Benz to start 2012 as top seller

Aug 28, 2011

Bayerische Motoren Werke AG’s BMW, on a pace to become the top-selling luxury auto brand in the U.S. this year, will probably be outsold by Daimler AG’s Mercedes-Benz early next year, a top executive said. Updated C-Class compact Mercedes models will go on sale later this year and probably mak