Subaru Korea is offering a choice between tax coverage and special lease financing programs until the end of the month.Those buying the Legacy Sedan or the Outback during the period can choose between coverage for the 2-percent acquisition tax and a 36-month lease financing program.LegacyWith the New Forester, the company is also offering a 1 million won ($890) gift voucher in addition to the fina

 Ford Motor Co., playing catch-up in the battery-powered car market, introduced its first electric car and promised it will outperform rivals.Ford, the first U.S. automaker to offer a gasoline-electric hybrid, will start selling an all-electric version of its Focus compact car late this year. The Focus Electric’s introduction follows last year’s debut of Nissan Motor Co.’s battery-powered Leaf and

Hyundai Motor Co. announced Thursday that its Indian operation’s sales and production figures came in at above 600,000 in 2010 for the first time since its first plant went online in 1998.The company’s Indian unit, Hyundai Motor India, began producing vehicles in 1998 with an annual production capacity of 300,000 units. Hyundai’s i20The company currently has two 300,000-unit plants in India.Accord

STX Energy signed an agreement to collaborate in building two coal-fired power plants with the Korea East-West Power Co. on Thursday.Under the agreement, the companies will build two 500 megawatt power plants in Donghae, Gangwon Province with an estimated cost of 2 trillion won ($1.78 billion). The first of the two plants is scheduled to go into operation in December 2014, while the second plant i

Newly confident carmaker readies all-Chevrolet lineup for 2011 GM Daewoo Auto and Technology is pushing for a new branding strategy which could see it attaching the Chevrolet brand to all its new vehicles this year. The bold move reflects its newfound confidence from debt repayment and improved performance but has gotten mixed reactions from market watchers.The Korean unit of the U.S. auto giant p

Kia Motors Corp.’s domestic market share exceeded 30 percent in 2010 for the first time in 15 years.According to industry data, Kia’s domestic sales in 2010 increased by 17.4 percent from the previous year to come in at about 485,000 vehicles, and pushing up the carmaker’s market share by 3.6 percentage points to 33.2 percent. While Kia held more than a 30 percent market share in the early 1990s,

Hyundai Heavy Industries donated 5 billion won ($4.4 million) to the Community Chest of Korea on Monday.“I hope that the donation can in a small way help in giving hope and courage to those who are experiencing financial difficulties,” Hyundai Heavy Industries president and chief executive Lee Jai-seong said. Lee Jai-seongMonday’s donation is the latest in a series of corporate social responsibili