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Thu, May 25, 2017 | 10:07

Biz & Tech > Automotive >

Ssangyong G4 Rexton seeks to lead Korea's SUV market

Ssangyong Motor, which has enjoyed surging popularity of the Tivoli small-size sport utility vehicle (SUV), seeks to continue its momentum with the newly launched G4 Rexton large-size SUV. Named with the slogan “Great 4 Revolution” a Ssangyong official said the G4 Rexton is a premium SUV that inherits the carmaker’s vehicle DNA of rear-wheel drive and next-generation body fra...

Automotive | 2017-05-24 19:42

Kia Motors introduces Stinger sports sedan

Kia Motors has introduced its highly Stinger sports sedan. It is the fastest sedan among domestically produced models. The nation’s second-largest automaker first unveiled the model’s concept design during the 2011 Frankfurt International Motor Show. It took six years to get the model ready for mass production.

Automotive | 2017-05-23 16:50

Korea emerges as top Asian importer of Benz, BMW

Korea has become Asia’s largest importer of Mercedes-Benz and BMW vehicles this year, as the two German carmakers sold more vehicles in Korea than Japan for the first time ever. Chinese motorists buy more Mercedes-Benz and BMW vehicles than Koreans do. But both firms roll out and sell their models through joint ventures with local Chinese firms. Hence, Korea is the populous c...

Automotive | 2017-05-21 16:20

Equus, Maybach to carry President Moon

The public has been interested in President Moon Jae-in’s choice of state vehicles since he formally took office last week. As Moon began his term immediately without a presidential transition period, he is expected to use vehicles the President Security Service provides. However, the vehicles can be changed based on his choice.

Automotive | 2017-05-18 17:03

Volkswagen Korea vies to resume sales soon

Volkswagen Korea is striving to resume sales, while its sister brands _ Audi and Bentley _ have made major progress to rebuild their reputations here. A Volkswagen Korea official said Thursday it has put forth great efforts to market its models again for the first time since the global emissions-rigging scandal broke in 2015. But observers say the German carmaker’s unit here ...

Automotive | 2017-05-18 16:46

Ssangyong Motor advances into Middle East market

Ssangyong Motor has opened a dealership in Saudi Arabia, aiming at re-entering into the Middle East market after a four-year absence. According to a press release Wednesday, the carmaker held an opening ceremony for its first dealership in four years in the capital Riyadh with about 100 people, including Ssangyong Motor and Abdullah Saleh Al Bazie Automotive officials as well...

Automotive | 2017-05-17 19:55

Kumho Tire hit by 'China discount'

Kumho Tire sales have plunged on increasingly reluctant foreign buyers as Double Star Tires is poised to acquire Korea’s second-largest tire maker, industry analysts said Tuesday. Automakers and tire dealers abroad, particularly those in North America and Europe, are concerned that the quality of Kumho tires will deteriorate under Double Star’s management due to the latter’s lack of managerial knowhow and technological prowess. Double Star is the world’s 34th largest by sales, while Kumho is the 14th largest. Buyers also expect the prices of Kumho tires will decline after the mid-tier Chines...

Automotive | 2017-05-16 16:40

Kia Motors introduces Niro plug-in hybrid

Kia Motors introduced the Niro plug-in hybrid electric vehicle (PHEV) Monday, expanding its eco-friendly Niro sport utility vehicle (SUV) lineup. The Niro PHEV is the nation’s first SUV model with a PHEV powertrain that has a drive range of 840 kilometers when fully charged and with a full tank of gas.

Automotive | 2017-05-15 17:04

Hyundai Motor seeks to improve quality

Hyundai Motor is gearing up to improve its product quality after the government imposed a recall order on around 240,000 of its cars. The Ministry of Land, Infrastructure and Transport ordered a recall of 12 Hyundai Motor vehicle models last week, including the Genesis sedan and Kia Sorento sport utility vehicle. It marked the first time for the carmaker to face such a government-initiated order.

Automotive | 2017-05-15 17:01

New gov't may stop Kumho Tire sale to Double Star

President Moon Jae-in may prevent Double Star Tires’ acquisition of Kumho Tire in response to concerns among Jeolla residents who overwhelmingly voted for him in the May 9 presidential election, analysts said Wednesday. If he does, this could provide a boon to Kumho Asiana Group Chairman Park Sam-koo who has been struggling to take back control of the group’s tire unit. Kumho Tire runs two of its three domestic plants in the region, in Gwangju and Gokseong, South Jeolla Province. Moon has expressed negative views toward the mid-tier Chinese tiremaker’s takeover of Kumho Tire, raising concern...

Automotive | 2017-05-10 17:45

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Park's impeachment