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Sun, August 20, 2017 | 12:50

Biz & Tech > Automotive >

GM Korea appoints new CEO

GM Korea has appointed GM India President Kaher Kazem as its new president and CEO, effective Sept. 1. Succeeding outgoing CEO James Kim, who resigned from the company after suffering a low sales performance, Kazem will also be appointed as chairman of the board of directors. “We are pleased to have Kaher taking over GM’s key operations in Korea,” said Stefan Jacoby, presiden...

Automotive | 2017-08-17 16:42

Hyundai reveals next-generation eco-friendly car

Hyundai Motor showcased its next-generation fuel cell electric vehicle (FCEV) during an unveiling event at the 63 Convention Center on Yeouido, Seoul, Thursday. Along with the carmaker’s other eco-friendly models, it opened a new FCEV exhibition booth at Yeouido Hangang Park, promoting its leading FCEV technology.

Automotive | 2017-08-17 16:37

Shinsegae chooses BMW over Mercedes

Shinsegae has decided to allow BMW, not Mercedes-Benz, to open a showroom at its Starfield Goyang, the “shopping-themed entertainment park,” north of Seoul, which is expected to attract tens of thousands of shoppers every day. Mercedes-Benz Korea, headed by CEO Dimitris Psillakis, wanted to have a showroom at the shopping mall, which will open on Aug. 24, but failed to secure...

Automotive | 2017-08-14 16:55

Mercedes-Benz Korea to introduce flagship S-Class sedan next month

Mercedes-Benz Korea will introduce the facelift of its flagship S-Class sedan models here next month. Under the German luxury carmaker’s philosophy of “the best or nothing,” a Mercedes-Benz Korea spokesperson said the facelifted S-Class fleet presents a new set of standards in the nation’s luxury flagship sedan segment with its new design and extensive innovation.

Automotive | 2017-08-14 13:58

Kia trial feared to shake foundation of Korea Inc.

The Kia Motors workers’ ordinary wage case trial, the result of which is due this week, is expected to stir up a whirlwind not only in Korea’s automobile industry but also in the nation’s other industries as well.

Automotive | 2017-08-12 00:54

Hyundai unionists go on strike again, Ssangyong workers opt to cooperate

Union workers at Hyundai Motor walked out Thursday for the first time this year. Its sister brand Kia Motors’ union members also agreed to go on strike last month, but recently decided to delay it until after their summer holidays. Unions of the nation’s two top carmakers seem to take strikes for granted whenever they demand more wages and benefits every year. The practice is in stark contrast to Ssangyong Motor’s successful wage negotiations.

Automotive | 2017-08-11 17:17

New ITF secretary-general seeks balanced organization

Kim Young-tae, newly elected secretary general of the International Transport Forum (ITF), is set to transform the organization into a more interactive platform by bringing in more non-European countries. The ITF, established in May 2006, is a ministerial-level forum which deals with transport policies within the OECD and is the only global body with a mandate for all transpo...

Automotive | 2017-08-10 17:12

Korea struggles in global battery competition

Batteries are considered the centerpiece not only in future cars but also in almost every high-tech industry. Although boasting a world-class level in related technologies, the nation’s battery industry is seemingly losing turf for political reasons. Industry insiders have called for immediate government support, but they criticize that authorities still sit idly by and just watch Korean firms losing business to their Chinese and Japanese rivals.

Automotive | 2017-08-10 15:54

Japanese carmakers benefit from German cars' deteriorating credibility

Japanese carmakers are enjoying sales at the expense of mounting suspicions of German carmakers’ possible collusion on technology as well as the resurfacing “diesel gate” scandal. German auto brands once dominated the nation’s imported vehicle market with their diesel-engine models, but are now losing market share to Japanese carmakers’ surging popularity in the hybrid-engine...

Automotive | 2017-08-07 16:04

Ssangyong Tivoli wins sales bout against Hyundai Kona, Kia Stonic

The Ssangyong Motor Tivoli SUV maintained its bestselling position last month against a series of competing carmakers’ challenges in the nation’s booming compact SUV market division.

Automotive | 2017-08-06 17:45

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