The Korea Herald

China car market to begin recovery in 6-12 months

Jun 19, 2011
GM offers Transformers pre-screenings

Jun 19, 2011

GM Chevrolet cars featured on “Transformers: Dark of the Moon”GM Korea Co. is offering customers an opportunity to apply to watch a pre-screening of “Transformers: Dark of the Moon” in advance of its opening to the Korean public, the company said. The third installment of Michael Bay’s Hollywood blockbuster will be available for pre-screening by Monday June 20 on Chevrolet’s event website at www.e
Renault Samsung bullish on new SM7

Jun 19, 2011

Marketing chief says new SM7 beats rivals, firm recovering from Japan quake impactThe revamped SM7, to be released within three months, will be successful in the country’s upper largesized sedan market with its improved driving comfort, Frederic Artaud, marketing chief at Renault Samsung, predicted Sunday. “As showcased and proved at the Seoul Motor Show 2011, Renault Samsung is highly confident o
Foreign carmakers’ market share rises to 6.5%

Jun 13, 2011

Foreign carmakers saw their combined market share in Korea climb by 1 percentage point over the past year.They captured 6.5 percent of the local market with sales of 42,700 vehicles between January and May, up from 5.5 percent with 34,318 units during the corresponding period of last year.In May, the foreign carmakers posted 6.8 percent market share by selling 8,777 units, according to the automot
Hyundai Mobis wins Mitsubishi, Subaru order

Jun 12, 2011
Small cars to take up half of import market

Jun 12, 2011

Small vehicles with low engine displacement are expected to account for 50 percent of the total sales of import vehicles in South Korea as early as the third quarter.The ratio of cars with an engine capacity of less than 2.0 liters to the total number of cars sold came to 45.2 percent in May.They sold 3,969 small-sized cars ― at low and medium priced ― out of the total 8,777 units last month, acco
Hyundai Motor halts Asan plant operation following suicide

Jun 9, 2011

Hyundai Motor Co. was forced to halt output at one of its plants in South Korea Thursday after unionized workers talked off their job after one of their colleagues committed suicide, the company and union said.Assembly workers laid down tools at Hyundai's plant in Asan, about 100 kilometers southwest of Seoul, from 2:30 p.m., claiming that one of their leaders committed suicide earlier in the day
Korean auto parts makers target Brazil

Jun 9, 2011

Korea’s auto parts manufacturers are aggressively seeking inroads into Brazil, the world’s fourth-largest automobile market.Brazil has emerged as the world’s sixth-largest automobile producer and sold about 3.6 million vehicles last year, grabbing the world’s fourth place.The active advancement of local companies has been fueled by the recently growing demand for made-in-Korea components in the So
Sales of imported vehicles jump 22 pct in May

Jun 7, 2011

SEOUL (Yonhap) -- Sales of imported vehicles in South Korea surged 22 percent last month from a year earlier on demand for new models and aggressive marketing strategies by local dealers, a trade association said Tuesday.A total of 8,777 imported vehicles were sold here in May, compared with 7,193 units sold a year earlier, according to the Korea Automobile Importers and Distributors Association (
Audi launches next generation A6 Avant

Jun 5, 2011

INGOLSTADT, Germany (DPA) ― Audi is launching the next generation A6 Avant with a choice of six engines, lightweight components and such features as a rear hatch opening in response to a sensor signal.Fuel consumption has been reduced by as much as 18 percent compared with the previous model, according to Audi. Topping the engine lineup is the new 3.0 TDI with twin-turbo technology and 230kW/313 h
BMW pays tribute to 1930s sports car

Jun 5, 2011

MUNICH (DPA) ― BMW is paying tribute to a 1930s sports car with an exciting new show car called the BMW 328 Hommage which is fitted with all that modern technology has on offer and design cues reminiscent of the classic built 75 years ago.“With the BMW 328 Hommage, we wish to pay homage to the passion and inventiveness of the fathers of the BMW 328”, said Karl Baeumer,CEO of BMW Group Classic, at
U.S. to sell remaining Chrysler stake to Fiat

Jun 5, 2011

WASHINGTON (DPA) ― The U.S. government is selling its remaining 6-percent equity in carmaker Chrysler to Italy’s Fiat SpA for $500 million, the U.S. Treasury Department announced last week.“After the completion of this transaction, Treasury will have fully exited its TARP investment in Chrysler Group LLC,” the department said in a statement.TARP refers to the Troubled Asset Relief Programme launch
Volvo P1800 celebrate 50th anniversary

Jun 5, 2011

The Volvo P1800 has turned 50. The eye candy of classic style lovers debuted in 1961, and shaped the image of Volvo as a maker of vehicles with style and diamond-hard durability. The design by Peitro Frua later morphed the sports car into a Grand Turismo Estate that inspired the Volvo 30 ― the modern equivalent of the P1800. The 1800 model boasts world famous durability, with the 1800S headed for
Mercedes-Benz offers free check-ups

Jun 5, 2011

Mercedes-Benz Korea is offering check-ups and coolant replacement free of charge until June 25, the company said. Available at 23 services across the country, the promotional offer celebrates 125 years of its business operation. The local office of German carmaker is also offering 16 percent discount on selected components as part of the offer. “The check-ups are to help drivers prepare their summ
Renault Samsung opens supply support center

Jun 5, 2011

Renault Samsung Motors began operating the global supply support center for Korea-made components, expanding opportunities for parts suppliers in the overseas market. The company opened a consultation desk for part suppliers within its Purchasing Division located in its technical center in Giheung, south of Seoul, to answer their inquiries about exports. “Through the operation of the Global Supply