The Korea Herald

Hyundai Mobis focuses on technology, environment, human values

Latest products from Korea’s top auto parts maker turn heads at Seoul Motor ShowHyundai Mobis Co., South Korea’s largest automobile parts manufacturer, is grabbing the limelight at the Seoul Motor Show with its latest products emphasizing environmental and human values as well as technological edge. The event is underway at the KINTEX exhibition center in Goyang, Gyeonggi Province on the largest s

April 6, 2011

Hyundai Mobis focuses on technology, environment, human values

GM Korea launches Chevrolet Captiva

GM Korea Co., the Korean unit of U.S. automaker General Motors Co., unveiled the new Chevrolet Captiva sports utility vehicle in Korea on Tuesday.The new Captiva is the first Chevrolet SUV to be launched here since GM Korea, formerly GM Daewoo Auto & Technology, decided to replace all its GM Daewoo vehicles with Chevrolet models.The Captiva is the fifth Chevrolet vehicle to be launched here with t

April 5, 2011

Discount on Mercedes-Benz collection

Mercedes-Benz Korea is holding an online event offering 20 percent discount coupons to those who join the Mercedes-Benz Collection homepage to mark the German carmaker’s 125th anniversary. The Mercedes-Benz Collection consists of Mercedes-Benz memorabilia including clothing and accessories. The offer, available until April 20, is available to those joining the website for the first time. In additi

April 3, 2011

Free iPad2 with Cadillac

GM Korea, the distributor of Cadillac vehicles in Korea, is offering iPad2 tablet computers with all Cadillac vehicles purchased during the Seoul Motor Show.The show is open until April 10.To mark GM Korea’s participation in the show, the company is offering the iPad2 for customers who sign purchase contracts before the show’s end, and receive their vehicles before the end of the month. Cadillac

April 3, 2011

Chrysler begins free checkup campaign

Chrysler Korea is holding the “2011 Refresh Campaign,” which offers free checkup services for Chrysler vehicles registered before Dec. 31, 2007 until the end of the month. Models pose with the compact sport utility vehicle New Compass released by Chrysler Korea last month. (Yonhap News)Owners of Chrysler, Jeep and Dodge vehicles registered before the specified date will be offered a comprehensive

April 3, 2011

Fiat to up its Chrysler stake to 35 percent

TURIN, Italy (DPA) ― Fiat intends to increase by 10 percent its current 25 percent controlling interest in U.S. carmaker Chrysler, the chief executive of both companies, Sergio Marchionne, said Wednesday.“We will soon bring our stake in Chrysler to 35 percent, Marchionne said during a Fiat shareholders’ meeting at the Italian company’s Turin headquarters, indicating the move would happen soon.Figu

April 3, 2011

Hyundai tops Asian car brands’ U.S. gains as quake impact looms

Hyundai Motor Co., Korea’s largest carmaker, posted a 32 percent gain in U.S. sales in March to lead Asia-based manufacturers while Toyota Motor Corp. reported a monthly decline. Deliveries dropped 5.7 percent for Toyota. Nissan Motor Co. said Friday it had a 27 percent gain and Honda Motor Co.’s sales rose 23 percent as the three biggest Japan-based brands braced for the full effect of the countr

April 3, 2011

Korean carmakers record 10.8% sales rise in March

Sales of five automakers in Korea rose 10.8 percent in March from a year earlier on strong demands for new vehicles in both domestic and overseas markets, the companies said Friday.The combined sales of the automakers came to 649,994 units, compared with 586,561 units sold in March 2010. Domestic sales rose 8.1 percent on-year to 133,273 units in March with overseas sales also soaring 11.5 percent

April 3, 2011

[Meet the CEO] Renault Samsung to enter mini car market

CEO says carmaker will boost cooperation with Samsung GroupNow in its 11th year, Renault Samsung Motors Co. has grown rapidly to become a major automobile exporter with the aid of its parent Renault S.A. of France.While the company has expanded its presence at an unprecedented rate, with exports growing 600-fold from 2000 to 2010, Renault Samsung is now eyeing bigger things in the future. In an in

April 3, 2011

[Meet the CEO] Renault Samsung to enter mini car market

New vehicles highlight start of Seoul Motor Show

(The General Motors concept car / Yonhap News)The start of the 2011 Seoul Motor Show Thursday was highlighted by the introduction of various new vehicles ranging from concept cars making their international debuts to new models that will soon reach customers throughout the globe.The event started with a press day at the Korea International Exhibition Center (KINTEX). It will be open to the public

March 31, 2011

New vehicles highlight start of Seoul Motor Show

Renault Samsung decides to cut output by 20 pct

Renault Samsung Motors Co., the South Korean unit of French automaker Renault SA, said Wednesday it will cut its output by about 20 percent from next month due to an undersupply of parts from quake-hit Japan. The company is said to import up to 18 percent of all parts for its vehicles from Japanese suppliers, largely because of Renault's strategic alliance with Japan's Nissan Motor Co. Ren

March 30, 2011

Jaguar gives special tributes to the legendary E-Type

HAMBURG, Germany (DPA) ― The Jaguar E-Type is arguably one of the most beautiful cars ever built, stunning the motoring world when it was unveiled at the Geneva Motor Show 50 years ago with its sleek aerodynamic form and racing car engine.“It’s impossible to overstate the impact the E-Type had when it was unveiled,” said Jaguar’s current design director Ian Callum at this month’s show in Geneva. H

March 27, 2011

Jaguar gives special tributes to the legendary E-Type

Hankook Tire starts social contribution project

The country’s largest tire maker Hankook Tire is launching a safety campaign and a social contribution campaign, both of which will run until the end of the year, from Monday. In the safety campaign, the company’s employees will show customers visiting sales outlets tire-related safety tips that are specific to different seasons of the year.In addition, those purchasing selected products ― Ventus

March 27, 2011

New Audi TT hits local market

Audi Korea launched the new Audi TT on the local market on March 21.The updated TT comes with a turbocharger 2-liter TFSI engine that puts out 211 brake horsepower, up 11 brake horsepower from the previous model. Matched with its 6-speed S-Tronic dual clutch automatic transmission, the vehicle manages 11.3 kilometers per liter of fuel. New Audi TTThe vehicle’s upgraded powertrain allows it to reac

March 27, 2011

Lamborghini offers first marketing promotion

The local sales operation of Italian supercar Lamborghini is offering registration tax-coverage for the Gallardo models, in its first-ever sales promotion event.With the price of the vehicle rising to almost 400 million won ($360,000) on the Korean market, those purchasing the vehicle while the offer lasts stand to gain as much as 30 million won. The Gallardo lineup consists of LP560-4, LP560-4 Sp

March 27, 2011

Lamborghini offers first marketing promotion

Seoul motor show to reveal Ssangyong, GM Korea’s plans

GM Korea and Ssangyong set for all-out promotion of new brand and visionThe year has yet to enter its fourth month, but 2011 has already been eventful for GM Korea Co. and Ssangyong Motor Co. In January GM Korea began the process of revamping. The company changed its name from GM Daewoo Auto and Technology, and replaced the GM Daewoo brand with that of Chevrolet.While GM Korea sought to sharpen it

March 27, 2011

Seoul motor show to reveal Ssangyong, GM Korea’s plans

Kia Motors exports reach 10 mln vehicles

Cumulative exports by South Korea's second-largest automaker Kia Motors Corp. surpassed 10 million units on Thursday, a feat achieved 36 years after it started overseas shipments in 1975, the company said. It took 30 years for Kia Motors to reach the 5 million unit export mark, but only six years since 2005 to reach 10 million. The number only includes vehicles shipped from South Korea.Overs

March 24, 2011

Hyundai taps into Brazil car market

Hyundai Motor Co. launched the midsized truck Mighty in Brazil on Monday, tapping into South America’s largest commercial vehicle market. The Mighty trucks sold in Brazil will be shipped as complete knockdown kits and assembled at CAOA Group’s facility in Anapolis in the state of Goias, the company said.CAOA Group is also responsible for sales of Hyundai vehicles in Brazil.The company has set the

March 22, 2011

Audi introduces new Audi TT in S. Korea

Audi Korea, the local importer and distributor of luxury German car brand Audi, introduced the facelift version of the Audi TT sports coupe in South Korea Monday. Audi Korea introduced the new Audi TT (Yonhap News)The new Audi TT comes in two trims -- the Audi TT Coupe 2.0 TFSI Quattro and Audi TT Roadster 2.0 TFSI Quattro.They both come with a four-cylinder 2.0-liter gasoline engine that produces

March 21, 2011

Honda suspends orders for Japan-Built car

Honda Motor Co., the Japanese carmaker that builds most of the autos it sells in the U.S. at North American plants, is temporarily halting orders from U.S. dealers of Japan-built models after a suspension of production there following last week’s earthquake.Honda informed U.S. Honda and Acura dealers, who typically order vehicles six weeks in advance, of the suspension yesterday in a memo, said Ch

March 20, 2011