South Korea

Kia plans first sports sedan next year as it seeks younger, more hip image, report says

10:13 am U.S. ET | Feb. 3, 2016

Kia Motors plans to launch its first sports sedan next year, people familiar with the matter told Reuters, seeking to burnish a sporty, younger image as larger sibling Hyundai Motor builds up its premium offerings....
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South Korean antitrust agency probes VW over emissions ads

Jan. 22, 2016 14:32 CET

Volkswagen Group is being probed by South Korea's antitrust regulator over claims it made in advertising relating to emissions from its cars, an official at the agency told Reuters....
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VW's South Korea chief faces criminal case over emissions recall

Jan. 19, 2016 10:55 CET

South Korea plans to file a criminal complaint against the country's Volkswagen and Audi chief. It says a recall plan for emissions-cheating cars fell short of legal requirements....
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Hyundai, Kia ordered to trim cross holdings by Korean antitrust authorities

6:52 am U.S. ET | Dec. 30, 2015

South Korea’s antitrust regulator ordered Hyundai Motor Group to cut cross-shareholdings strengthened by a merger between two steelmaking affiliates....
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Hyundai hires former Lamborghini exec Fitzgerald to shape strategy for Genesis

6:36 am U.S. ET | Dec. 28, 2015

Hyundai said it hired former Lamborghini executive Manfred Fitzgerald in the latest effort by the South Korean automaker to shed its image as a value-for-money brand....
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Hyundai expected to miss global sales target for first time since 2008

6:33 am U.S. ET | Dec. 21, 2015

Hyundai is poised to sell fewer vehicles than it projected for the first time since the global financial crisis, after an economic slowdown sapped demand in China and emerging-market earnings slumped due to unfavorable exchange rates....
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Hyundai's new eco-car receives sporty styling

12:01 am U.S. ET | Dec. 21, 2015

New renderings of Hyundai's Ioniq sedan depict sport coupelike styling with design flourishes that announce its environmental credentials....
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New Genesis G90 flagship promises 'first class' experience

7:43 am U.S. ET | Dec. 9, 2015

Genesis, South Korea's first premium auto brand, unveiled a flagship sedan it promises will compete in the “top of the luxury car market” with “world best” technologies....
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THE VW DIESEL CRISIS

VW gets record fine in South Korea for emissions cheat

Nov. 26, 2015 11:01 CET

South Korea became the first country outside the U.S. to punish VW Group for cheating in emissions tests, slapping the automaker with a record fine of 14.1 billion won ($12.31 million) and ordering a recall of 125,522 vehicles....
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WOMENOMICS

Japan's diversity drive is pushing women out of 'office lady' status and up to new heights

12:01 am U.S. ET | Nov. 9, 2015

Japan's long male-dominated auto industry is evolving. Today, women are reaching new heights, from holding key r&d posts and achieving chief engineer status to running key overseas units. What's more, Japanese automakers are pursuing publicized targets to promote more women....
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Hyundai quarterly profit falls 23% on China slowdown

8:28 am U.S. ET | Oct. 22, 2015

Hyundai reported quarterly profit fell 23 percent after a slump in China deliveries overshadowed gains in SUV sales in the U.S., Europe and South Korea....
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THE VW DIESEL CRISIS

VW could face fines in Australia, sales halt in S. Korea

Oct. 1, 2015 11:42 CET

VW Group could face millions of dollars in fines in Australia and the suspension of sales in South Korea in the wake of the automaker's admission that it used emissions-cheating software in 11 million vehicles worldwide....
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LG Chem CEO Prabhakar Patil to retire

4:20 pm U.S. ET | Sept. 29, 2015

Prabhakar Patil will retire as CEO of LG Chem Power, effective Wednesday, the battery maker said today. He will be succeeded by Denise Gray, who helped develop the Chevrolet Volt's lithium ion battery system, starting Thursday....
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GM may need to cut capacity in Korea as exports slow

10:26 am U.S. ET | Sept. 23, 2015

GM may need to cut production capacity in its South Korean operations if the company can’t increase sales of the vehicles built there, the president of the GM International division said....
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South Korea will probe VW, Audi diesel car emissions

Sept. 22, 2015 10:40 CET

South Korea said it will investigate emissions of three VW and Audi diesel cars after VW Group admitted rigging emissions tests on diesel-powered vehicles in the U.S....
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Hyundai, Kia replace China executives after sales slump

11:12 am U.S. ET | Aug. 18, 2015

Hyundai and sister automaker Kia replaced three China executives, the South Korean carmaker said today, after sales skidded in the country, the group's largest market....
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GM Korea reaches tentative wage deal with union

9:01 am U.S. ET | July 27, 2015

General Motors' South Korean unit tentatively reached an annual wage deal with its labor union today, averting a major strike at one of its key Asian production bases, a union spokesman told Reuters....
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Hyundai expects 'tepid' global sales growth amid uncertainties

6:32 am U.S. ET | July 13, 2015

Hyundai Motor Group expects “tepid growth” for global auto sales in the second half of this year because of economic uncertainties and a weak won....
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GM Korea workers approve strike over pay, output

6:57 am U.S. ET | July 1, 2015

GM employees in South Korea voted today in favor of a strike over wages and production volumes, prompted by uncertainty over the automaker's output plans as its labor costs in the country rise....
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Hyundai, Kia cut output in South Korea after sales decline

7:43 am U.S. ET | June 12, 2015

Hyundai and its affiliate Kia are reducing production after sales fell at the two Korean carmakers....
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Hyundai to boost output of Tucson SUV

2:01 pm U.S. ET | May 22, 2015

Hyundai said today it would boost output of its Tucson SUV by adding production at a South Korean assembly line that currently makes sedans in order to meet demand from markets including the United States....
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Hyundai to create shareholder-rights group after land deal irks investors

7:23 am U.S. ET | April 27, 2015

Hyundai Motor will establish a committee to represent shareholder interests when the board makes key decisions such as acquisitions, heeding calls from investors angered over a $10 billion land purchase last year....
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South Korea steps up price-fixing crackdown on auto suppliers

10:40 am U.S. ET | April 17, 2015

South Korea, supporting a global police action against auto-parts price fixing, has hit Japanese and German suppliers with a string of fines in recent weeks. The latest penalties came Tuesday, when Germany's Schaeffler and Japan's JTEKT were fined for rigging bids on tapered roller bearings to Hyundai, Kia and Hyundai Powertech....
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Bold Korean startup makes a statement with Seoul stand

12:01 am U.S. ET | April 13, 2015

South Korea's youngest would-be automaker Cony Motor Co. -- at less than a year old -- just splurged on a front-and-center stand at the country's premier auto show, right next to Bentley no less....
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HANS GREIMEL

BLOG: Meet South Korea's newest automaker

11:10 am U.S. ET | April 3, 2015

Cony Motor doesn't have a factory or a single customer. Its vehicles aren't even street-legal yet. But South Korea's youngest would-be automaker just splurged on a stand at the country's premier auto show, right next to Bentley....
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