BMW Korea launched the new R1200R roadster motorcycle on the local market on Tuesday. The bike is fitted with a 1,170 cubic centimeter engine that puts out 110-brake horsepower, and manages 24 kilometers per liter when traveling at 90 kilometers per hour.  BMW R1200RThe vehicle also comes with a number of safety features including automatic stability control and anti-lock braking systems as standa

Mobility March 20, 2011

Hyundai Motor Co. added the new U2 diesel engine to the i30 and i30CW compact car lineup on Wednesday. The new 1.6-liter U2 diesel engine puts out 128-brake horsepower, and manages 18.1 kilometers per liter with automatic transmission, and 22 kilometers per liter with manual transmission, which according to the company is about 10 percent more efficient than the older diesel engine. i30The engine

Mobility March 20, 2011

After return to profit in 2010, carmaker hopes new models bring growth and stabilityWith its takeover by Mahindra and Mahindra Ltd. now complete, troubled carmaker Ssangyong Motor Co. is hoping to strengthen its product lineup, expand into new markets and rebuild its reputation. “Ssangyong caused much trouble for Korea, and to do this (revive the company) creditors and others involved had to make

Industry March 17, 2011

Hanwha Engineering and Construction Co. has won a $220 million refinery facility contract in Kuwait.Under the deal signed Monday, the company will update fire detection and alarm systems at three refinery facilities near Kuwait City, and two office buildings, the company said.The project, issued by the state-run Kuwait National Petroleum Co., is to be completed in 30 months, the builder said.“The

Industry March 16, 2011

Kia Motors Corp.’s midsized sedan K5 and the compact SUV Sportage R are to receive the top prizes in this year’s Red Dot Design Award, the carmaker announced Tuesday.According to Kia, this is the first time Korean automobiles have been selected to receive the top honors in the German design award. K5 (top) and Sportage RThe K5 has been selected as the Best of the Best award winner in the automobil

Industry March 15, 2011

Mahindra and Mahindra completes acquisition of Korean automakerSsangyong Motor Co. will invest 240 billion won ($212 million) in developing new products and building its brand, new CEO Lee Yoo-il said at the press conference announcing the completion of Mahindra and Mahindra Ltd. on Tuesday.The Indian company was chosen as the preferred bidder for Ssangyong in August 2010, about 18 months after th

Industry March 15, 2011

Annual event draws 12 Korean and 23 foreign carmakersThe upcoming Seoul Motor Show is set to be the biggest yet, with new offerings from domestic and foreign carmakers.This year’s Seoul Motor Show, to open with a media preview on March 31, will be packed with 12 domestic carmakers and 23 foreign brands.In comparison, last year’s Busan International Motor Show had only two foreign carmakers ― Lotus

Mobility March 14, 2011

 Subaru Korea is offering special deals including tax coverage and financing programs until the end of the month.During the period, the company is offering acquisition tax coverage and 1 million won ($888) discount with the Legacy sedan and the Outback crossover utility vehicle.OutbackOutbackThose buying the Forester will also receive acquisition tax coverage, and those who are required to wait fo

Mobility March 13, 2011

Chrysler Korea launched the new Jeep Compass on the local market on Sunday.According to the company, the latest version of the Compass comes with a host of convenience and safety features, including a nine-speaker sound system, cruise control and anti-theft systems.The vehicle also comes with a voice-activated multimedia system with MP3 and DVD player and 30 gigabit hard disk, the company said. Th

Mobility March 13, 2011

Ssangyong Motor Co. is operating a free checkup campaign until March 19 to mark the launch of its new crossover utility vehicle Korando C.During the period, free checkup services are available at 326 service centers across the country. All Ssangyong vehicles excluding large commercial vehicles are eligible to receive services.The checkup will go over 10 items including the air conditioning system,

Mobility March 13, 2011

GM Korea Co. is holding an online promotion event for Chevrolet vehicles offering one each of the six Chevrolet models ― Aveo, Camaro, Cruze, Captiva, Orlando and Spark.The event, which will run from Tuesday until April 30, requires contestants to write short notes about the six Chevrolet vehicles at the event’s website at www.event.chevrolet.co.kr in the first stage.In the second stage, contestan

Mobility March 13, 2011