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Thu, April 26, 2018 | 12:34

Biz & Tech > Automotive >

Hyundai Mobis opens design model workshop

Hyundai Mobis has opened the Design Model Workshop for full-scale design modeling with a clay modeling machine, 3D printers and various other equipment, the auto parts manufacturer said Thursday.

Automotive | 2018-04-12 16:30

Foreign carmakers fined for violating environmental law

The Korean affiliates of Fiat Chrysler Automobiles (FCA) and Mercedes-Benz have recently come under fire for not complying with the country's environmental regulations. Mercedes-Benz Korea said Monday it recently paid a 5 million won ($4,600) fine for its failure to follow a government order to supply a certain proportion of low-emission vehicles in the market.

Automotive | 2018-04-09 17:57

Gov't flip-flops on hydrogen fuel-cell vehicles

The government's recent decision to freeze the amount of subsidies for hydrogen fuel-cell electric vehicles (FCEV) has enraged consumers who have already purchased the pollution-free vehicles to reduce the nation's deadly fine dust.

Automotive | 2018-04-08 16:42

S. Korean IT firms setting eyes on car-sharing services

South Korea's IT firms are tapping deeper into the car-sharing industry, market watchers said Sunday, as demand for such services is expected to grow sharply over the upcoming years. According to the data compiled by Navigant Research, the global market for car-sharing services is expected to grow 21.8 percent annually, eventually to reach US$6.5 billion in 2024.

Automotive | 2018-04-08 10:42

Audi Volkswagen Korea resumes sales

Audi Volkswagen Korea Group Managing Director Rene Koneberg speaks during the company's press conference at the Grand Hyatt Seoul Hotel, Friday. The Volkswagen sales unit said it will release 40 new cars in the next three years and invest 10 billion won in its corporate social responsibility programs to regain trust among consumers here following recent scandals. / Korea Time...

Automotive | 2018-04-06 17:09

Kumho Tire will be managed independently

Kumho Tire has been facilitating its normalization from financial difficulties, through pursuing three principles of independent management, sustaining brand value and stabilized supply.

Automotive | 2018-04-06 14:54

Financial regulator denies concerns about Elliott

Elliott's announcement on Hyundai Motor Group's governance reform differs from the U.S.-based firm's previous interference in a merger of Samsung C&T with Cheil Industries, the chief of the nation's financial regulator said Thursday.

Automotive | 2018-04-05 16:40

Elliott demands Hyundai Motor do more for shareholders

Elliott's recent announcement on Hyundai Motor Group's governance reform plan is not seen as a provocation, because it differs from the U.S.-based firm's previous interference in the merger of Samsung C&T with Cheil Industries, analysts said Wednesday.

Automotive | 2018-04-04 15:41

MINI bolsters online marketing

BMW's iconic small car MINI is pioneering in the online sales market. The British automotive marque has led its experimental online sales to success through collaborative projects with young creators in Korea. All 100 cars of the company's latest Retro Blue edition were exclusively sold online late last month, selling out within a week. This follows the carmaker's first onlin...

Automotive | 2018-04-03 16:51

Kumho Tire union agrees on Doublestar sale

The union of financially-troubled Kumho Tire voted Sunday to accept its creditors' plan to sell the tire maker to China's Doublestar. In a vote held among 2,741 union members, 1,660 or 60.6 percent okayed the sale, which union leaders, management and creditors had agreed to in principal a day earlier.

Automotive | 2018-04-01 17:29

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Missile attack on Syria