The Korea Times - Home

Site Map PDF Subscription Register LogIn
Site Map PDF Subscription Register LogIn

Wed, April 25, 2018 | 03:09

Biz & Tech > Automotive >

Tug-of-war begins between GM, Korea Development Bank

GM Korea continues to face a bumpy road ahead until it gets itself back on track as its two largest stakeholders - General Motors and the Korea Development Bank - square off over the details of the rescue plan for the troubled automaker. General Motors is demanding the state-run bank confirm its investment in its struggling Korean unit by April 27, while the KDB says it will ...

Automotive | 2018-04-24 19:30

Mobis' electric stabilization system

This combined photo shows the difference in a car's movement when driving on a slalom course after applying Hyundai Mobis' electrical Active Roll Stabilization (eARS), top, and before applying it, bottom. The auto parts supplier said Tuesday it recently finalized development of the eARS system after five years of research. Unlike existing oil-pressure stabilization systems, t...

Automotive | 2018-04-24 17:32

Elliott reveals intent toward Hyundai Motor

Activist hedge fund Elliott has revealed its true reason for holding a significant stake in Hyundai Motor and its affiliates: realizing capital gains by pressuring the carmaker to take steps to bolster shareholders' interests.

Automotive | 2018-04-24 16:56

GM Korea labor-management reaches tentative agreement

The union and management at troubled GM Korea reached a tentative last minute agreement on the survival of the company here Monday, before a deadline for a potential bankruptcy filing. Both sides worked over the weekend to narrow their differences and finally managed to agree on the relocation of workers from the firm's closed Gunsan plant and allocating a new car model to be...

Automotive | 2018-04-23 16:51

Porsche, BMW officials indicted for doctoring gas emissions documents

Three officials of the South Korean unit of Porsche AG have been indicted for doctoring documents required for the local government's certification in relation to gas emissions, prosecutors said Monday. The Seoul Central District Prosecutors' Office said the accused, one surnamed Kim and two others, have been charged without physical detention on the counts of document falsif...

Automotive | 2018-04-23 10:19

SSCL recognized for supporting disabled

Stuttgart Sports Cars Ltd. (SSCL), the largest authorized Porsche dealer in Korea, received an appreciation plaque Friday from the Korea Association of Welfare Institutions for Persons with Disabilities, the welfare institute which was approved by the Ministry of Health and Welfare. According to the Porsche dealership, Sunday, it has been recognized for its efforts to support...

Automotive | 2018-04-22 17:01

'Hyundai Motor made right decision'

Fair Trade Commission Chairman Kim Sang-jo has reaffirmed his positive view about Hyundai Motor Group's governance reform plan during a meeting with foreign correspondents in Seoul, Friday. “I think Hyundai made the right decision at the right time,” he was quoted as saying. “The conglomerate's decision was beyond the expectations of local analysts. It opted to pay 1 trillion...

Automotive | 2018-04-22 16:58

'EV no longer tomorrow's wonder, it's trend of today'

Though we talk about electric vehicles (EVs), self-driving cars and other cutting edge functions of cars every day, there is the doubt in many that those technologies are still tomorrow's wonder, thinking that “they may change the way how we drive drastically in the near future, but not tomorrow, next week or next month.”

Automotive | 2018-04-22 10:35

GM talks break down, could file for receivership

GM Korea could move to file for court protection, as talks between the company's management and union over a self-rescue plan broke down Friday. The company held a board meeting to look into such an option for bankruptcy protection. However, the union said it will seek to reach an agreement by next Monday.

Automotive | 2018-04-20 22:18

Free tire check for trucks

A Kumho Tire employee checks a truck's tire in this promotional photo. Kumho Tire said Wednesday it will host a two-day free tire check event at rest areas on four expressways for trucks starting today. The company has been hosting this event every year. / Courtesy of Kumho Tire

Automotive | 2018-04-19 17:20

1 2 3 4 5 6 7 8 9 10

Missile attack on Syria