German brands enjoy sales boom in KoreaMay 21, 2013 06:01 CET  South Korea has become a growth market for BMW, Mercedes and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »
Hyundai, Kia losing ground to luxury imports at home as tariffs fall 12:01 am U.S. ET | May 19, 2013  Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 percent from 28 percent in the past two years, according to Korean industry groups, as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »
GM to discuss labor woes with S. Korea president, union rep saysMay 7, 2013 14:29 CET  GM will discuss labor woes in South Korea with the country's president, the automaker's CEO was quoted as saying by its Korean union, a move that could complicate already troubled relations with its work force in the country. GM makes most of the Chevrolet vehicles it sells in Europe in Korea.... Read More »
Kia Q1 profit tumbles 35% on reduced production, won 9:10 am U.S. ET | April 26, 2013  Kia posted a 35 percent drop in first-quarter profit after production at its main domestic factories fell and the won strengthened against the yen.... Read More »
GM Korea gets a big boost, but it also faces big risks 12:01 am U.S. ET | April 22, 2013  General Motors is doubling down on its South Korean bet, despite gathering clouds over its operations here. Now GM will boost investment in South Korea by 60 percent over the next five years.... Read More »
HyundiMobis says it has $530 million lamp order from Chrysler 12:01 am U.S. ET | April 16, 2013 South Korea's Hyundai Mobis said on Tuesday it won a $530 million order to supply automotive lamps to U.S. automaker Chrysler Group LLC -- its biggest lamp deal ever.... Read More »
Hyundai puts growth on hold 12:01 am U.S. ET | April 15, 2013  Hyundai Motor Co.'s limited global production capacity is capping the company's growth, a top executive says. The company is squeezing nearly every unit possible from its assembly plants.... Read More »
PRODUCTION LINE Hyundai seeks tech cred from fuel cells 12:01 am U.S. ET | April 15, 2013  Hyundai Motor Co. wants to transform itself from a fast follower to a global pacesetter in automotive technology as the erstwhile bargain brand moves upscale. As part of its image overhaul, Hyundai wants to claim industry leadership in hydrogen fuel cells.... Read More »
GM cuts Korean production on weak Chevrolet sales in EuropeApril 9, 2013 10:21 CET  General Motors is increasing production cuts at one of its Korean plants because of slow Chevrolet sales in Europe. GM's Korean unit produces most of the Chevrolets sold in Europe and more than 40 percent of those sold globally.... Read More »
GM Korea's contingency plan provokes union ahead of talks 9:45 am U.S. ET | April 9, 2013  GM has warned it could shift operations from South Korea in the longer term due to rising tension with the North, angering its Korean union which accuses the firm of using the instability as leverage ahead of tough annual labor talks.... Read More »
As Korea gets hot, automakers remain cool 12:01 am U.S. ET | April 8, 2013  The expressway from downtown Seoul to the city's auto show venue is lined with tank traps, barbed wire and guard towers. Mounting tensions with North Korea are a chilling reminder why. Automakers there have long factored this into their business plans.... Read More »
ASIA As Korea gets hot, carmakers stay coolApril 8, 2013 06:01 CET The expressway from downtown Seoul to the city's auto show venue is lined with tank traps, barbed wire and guard towers. Mounting tensions with North Korea are a chilling reminder why. Automakers there have long factored this into their business plans.... Read More »
Refining the Hyundai-Kia brand plan 12:01 am U.S. ET | April 8, 2013  Only two months into his new job as the first joint global design chief of Hyundai and Kia, Peter Schreyer is guarded about his burgeoning makeover plans. But this much, he says, is clear: The sibling brands need more distinct identities.... Read More »
As imports gain, South Korea steps in 12:01 am U.S. ET | April 8, 2013  A price-fixing probe in South Korea pours cold water on imports, just as new free-trade agreements with Europe and the United States began to open the car market in a country once known as the Hermit Kingdom.... Read More »
Kia eyes BMW, Audi; aims to add technologyApril 5, 2013 06:01 CET  Not only is Kia benchmarking BMW and Audi; it is crawling out of the shadow of its bigger corporate sibling, Hyundai. Its new goal: model its own brand identity after Volkswagen's as it seeks to be mass-market yet one notch above the pack in terms of quality and flair.... Read More »
GM reviews South Korea operations as tensions rise with NorthApril 5, 2013 06:01 CET  GM CEO Dan Akerson said the automaker is making backup plans for its operations in South Korea as tensions with North Korea heighten. Chevrolet Europe gets most of its cars from South Korea.... Read More »
GM reviews South Korea operations as tensions rise with North 9:26 am U.S. ET | April 4, 2013  General Motors CEO Dan Akerson said the automaker is making backup plans for its operations in South Korea as tensions with North Korea heighten.... Read More »
German automakers face trade probe in KoreaApril 2, 2013 12:18 CET Four German automakers have been raided by South Korea's Fair Trade Commission on suspicion of price fixing and collusion, the importers' association says. The authorities hit BMW, Mercedes, Audi and Volkswagen just a month after the combined market share for non-Korean automakers topped 10 percent for the first time, following recent free-trade pacts.... Read More »
Kia aims to add technology, protect quality 12:01 am U.S. ET | April 1, 2013  Not only is Kia benchmarking BMW and Audi; it is crawling out of the shadow of its bigger corporate sibling, Hyundai. Its new goal: model its own brand identity after Volkswagen's as it seeks to be mass-market yet one notch above the pack in terms of quality and flair.... Read More »
GM to produce next-generation electric car in South Korea 8:40 am U.S. ET | March 28, 2013  GM plans to produce its next-generation electric cars in South Korea, the head of its South Korean unit told Reuters on Thursday, as the U.S. carmaker tries to revive momentum for the stalling vehicle technology.... Read More »
Hyundai will show luxury coupe concept in Seoul 1:19 pm U.S. ET | March 21, 2013  Hyundai said it will show a luxury sports coupe concept next week at the Seoul Motor Show that could hint at a design direction for the next-generation Genesis Coupe.... Read More »
GM pledges $7.3 billion investment in S. Korea unitFeb. 22, 2013 13:32 CET  General Motors said it would invest $7.3 billion in its South Korean unit over the next five years -- an amount which will likely help relieve concerns that the U.S. automaker was set to reduce its presence in the country. Last year, the automaker said it would not build its next-generation Chevrolet Cruze in Korea, raising the possibility that it might shift assembly to Europe to help boost efficiency at its money-losing unit Opel.... Read More »
GM South Korean unit to spend $7.3 billion to expand 7:29 am U.S. ET | Feb. 22, 2013  GM's South Korean unit plans to invest 8 trillion won ($7.3 billion) over five years to expand in a country where it made four of every 10 Chevrolets sold worldwide last year.... Read More »
Visteon says employees to stay put at U.S. HQ after Asia deal 3:09 pm U.S. ET | Jan. 11, 2013  Despite a deal that will consolidate its climate business in Asia, supplier Visteon says employees at its headquarters in suburban Detroit will stay put.... Read More »
Korea's Halla to buy Visteon's auto climate businesses in China, IndiaJan. 11, 2013 06:01 CET South Korea's Halla Climate Control has decided to buy Visteon's automotive climate units, almost four months after the American auto-parts supplier announced the plan for combining the businesses to make them more competitive.... Read More »
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