Ingolstadt, Germany (DPA) ― Audi has revealed an ultra-light concept car designed for congested urban areas combining what it says are elements of a racing car, a fun car and an urban car fitted intoa radical new idea. Audi urban conceptOrientated strictly on light weight construction the wheels are

MobilityAug. 21, 2011

Munich (DPA) ― BMW is offering the X3 Sports Activity Vehicle with an extended range of engines promising more performanceand greater fuel efficiency as well as options including a real-timetraffic information function. BMW X3From the European autumn this year the X3 will come with a choiceof three

MobilityAug. 21, 2011

Global automaker Volvo is recalling 447 cars in South Korea due to a detective hose that could lead to leakage of power steering fluid, the government said Thursday. Volvo-S80The vehicles subject to the recall are the S80 passenger sedans produced between March 8, 2006, and May 16, 2007, according t

MobilityAug. 21, 2011

Kia Motors Corp. and GM Korea Co. have been in keen competition to dominate the growing “city car” market at home as high fuel prices continue to burden households.According to the Korea Automobile Manufacturers Association, local sales of automobiles with engine displacements of up to 1 liter grew

MobilityAug. 21, 2011

Toyota Motor Corp.’s Lexus, set to lose its position as the top-selling U.S. luxury car brand after 11 years, is revamping its line to regain sales lost to Daimler AG’s Mercedes-Benz and Bayerische Motoren Werke AG’s BMW. The 2013 Lexus GS 350 goes on sale in February with a new look, larger interio

MobilityAug. 21, 2011

Kim Nak-hoe, director general of tax analysis and international tax affairs at the Finance Ministry, was picked to head the Tax Tribunal, a state agency empowered to resolve tax disputes. Kim Nak-hoeThe tax expert began his career as a public servant in 1984 at the Ministry of Government Administrat

Aug. 21, 2011

Homeplus said that its COO Do Sung-hwan has been named as the chief executive of Tesco Malaysia.  Do Sung-hwanHomeplus started its operation here in 1999 as a joint venture between Samsung Group and Tesco. Currently, the U.K.-based retail giant holds almost 95 percent of company shares. In 12 y

IndustryAug. 21, 2011

Epson Korea Co., the South Korean unit of Japan's Seiko Epson Corp., said Saturday that its Web site has been hacked, causing the private information of 35 million users to be leaked."We have discovered through an internal investigation that the customers' data were leaked. We apologize for causing

TechnologyAug. 20, 2011

FSS chief: Insurers need to brace for external uncertaintiesFinancial Supervisory Service Gov. Kwon Hyouk-se urged commercial banks Friday to resume their suspended household loans.“The FSS will instruct the banks to resume the lending,” Kwon told reporters before attending a meeting with chief exec

Aug. 19, 2011

Researchers in the Netherlands have discovered a way that might create artificial skin that is bullet-proof, according to the Daily Mail.Scientists produced genetically modified goats whose milk has a similar protein as that used in spiders’ silk. They extracted the protein and used it to create the

TechnologyAug. 19, 2011

American researchers predict that if there really are alien civilizations, they are likely to be hostile to the Earth, the Daily Mail reported.Viewed from a third party, Earth may be seen as being hazardous as it shows an abnormal increase in temperature and therefore aliens may conduct a preemptive

TechnologyAug. 19, 2011

SAN FRANCISCO (AP) -- Computers, like humans, can learn. But when Google tries to fill in your search box based only on a few keystrokes, or your iPhone predicts words as you type a text message, it's only a narrow mimicry of what the human brain is capable.The challenge in training a computer to be

TechnologyAug. 19, 2011