Ssangyong considers U.S., China as Brexit hits U.K. salesTue, 23, Aug 2016
South Korean automaker Ssangyong Motor Co. will look to markets such as the U.S. and China to make up for an expected decline in shipments to the U.K. following the Brexit referendum.
South Korea widens emissions probe after VW scandalThu, 18, Aug 2016
South Korea expanded an investigation into the fabrication of emissions and noise-level test results to 23 foreign automakers, including Mercedes and BMW, after fining VW Group $16 million for violations.
VW unit chief questioned by Korean prosecutors over emissions probeThu, 11, Aug 2016
South Korean prosecutors have questioned the head of VW Group's local unit today in connection with allegations surrounding the fabrication of emissions test results for cars sold in the country. Last week, officials banned sales of 80 VW, Audi and Bentley models and fined the company $16 million for fabricating emission documents to get approval for importing cars.
GM empowered Korea team with high-stakes Bolt EVSun, 07, Aug 2016
GM's South Korean design studio was tasked in 2012 with designing the Bolt, the automaker’s most iconic technological showcase since the Volt hybrid, because of its expertise in bundling big content into small packages. The EV proved to be one of its biggest challenges yet. And in the end, the studio "broke the mold."
Fiat Chrysler may sell Magneti Marelli parts unit to Samsung in $3B deal, report saysWed, 03, Aug 2016
Samsung is in advanced talks to buy some or all of the operations of Fiat Chrysler's Magneti Marelli parts unit, Bloomberg reported. The deal could be worth $3 billion and Samsung is particularly interested in the supplier's lighting, in-car entertainment and telematics business, sources said.
S. Korea suspends sale of most VW, Audi, Bentley models in emissions probeMon, 01, Aug 2016
South Korea today suspended sales of most Volkswagen AG models in a fresh blow to the German automaker as it struggles to overcome the global repercussions of its emissions-test cheating scandal and rebuild its tattered image.
Mobis wants to crack into North AmericaMon, 01, Aug 2016
Korea's biggest supplier, Hyundai Mobis, is determined to break into more North American supply chains and is building the capacity to do it.