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Sun, August 19, 2018 | 11:17

Biz & Tech > Automotive >

Korean auto industry worried over US car tariff probe

The possibility of the United States imposing new tariffs on imported cars is fueling worries among South Korean automakers already grappling with weak demand in the key export market and intensifying competition, industry watchers here said Thursday.

Automotive | 2018-05-24 16:05

Ssangyong Motor hosts outdoor events for customers

Ssangyong Motor has hosted various outdoor events for its customers, in its efforts to liven up to the reputation of its SUVs, the company said Monday.

Automotive | 2018-05-24 15:15

Kumho Tire supplies tires for Volkswagen Atlas

Kumho Tire is supplying its Crugen Premium tires as the factory-standard tire for the 2018 Volkswagen Atlas SUV, signifying it is back on track for resuming full operation, the tiremaker said Wednesday.

Automotive | 2018-05-23 17:19

GM to launch Chevy cars Koreans want

GM's Korean affiliate will roll out Chevrolet cars that Koreans want to see on the road here, GM Korea President Kaher Kazem said Wednesday, in what appears to be a bid to regain the trust of domestic consumers amid its efforts to normalize its operation.

Automotive | 2018-05-23 17:17

What's next for Hyundai Motor's halted restructuring plan?

As Hyundai Motor Group (HMG) saw its proposed governance restructuring plan halted amid hostile market responses, keen attention is on what the group's next move will be. According to analysts on Tuesday, HMG is expected to propose a renewed plan on overhauling the shareholding structure between its units in the near future, but will not likely change the backbone of the halt...

Automotive | 2018-05-22 17:08

Hyundai Motor withdraws restructuring plan

Hyundai Motor Group (HMG) has decided to withdraw a proposed plan to overhaul its cross-shareholder structure. Accordingly, Hyundai Mobis, which would have started the plan by spinning off its divisions and merging them with Hyundai Glovis, said its board decided to cancel a May 29 shareholders' meeting aimed at approving the spinoff merger.

Automotive | 2018-05-22 08:52

Hyundai withdraws overhaul plan on opposition

Hyundai Motor Group on Monday withdrew a key spinoff merger plan in a setback to its corporate restructuring amid stepped-up opposition campaigns by some investors.

Automotive | 2018-05-21 20:34

Hyundai Mobis boasts self-driving tech

SEOSAN, South Chungcheong Province - Hyundai Mobis unveiled its proving grounds in this coastal city to media, Wednesday, for the first time after the company began operating the R&D facility last June.

Automotive | 2018-05-17 16:46

Hyundai Motor pitches spinoff of its auto parts unit

Hyundai Motor Company's CEO sent a letter Thursday urging Hyundai Mobis shareholders to okay a proposed spinoff-merger plan for the latter, as the automotive group's first step in a group-wide shareholding restructuring.

Automotive | 2018-05-17 16:42

'Institutional Shareholder Services wrong about Mobis spinoff'

Hyundai Motor Group (HMG) said Wednesday the opposition to its plan to spin off its auto parts unit Hyundai Mobis by Institutional Shareholder Services (ISS) is based on “erroneous” understanding and “misleading the market.”

Automotive | 2018-05-16 16:46

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