Nissan, BMW, Porsche face fuel economy probes in S. KoreaTue, 14, Feb 2017
South Korea has filed a complaint against Nissan alleging the automaker manipulated the fuel economy test results of its Infiniti Q50. BMW and Porsche are also being investigated. The latest action comes after sales of some Nissan, BMW and Porsche cars were banned because of emissions and noise-level irregularities.
Nissan used defeat device in Qashqai diesel, South Korean court rulesThu, 09, Feb 2017
A South Korean court ruled against Nissan in an emissions case, siding with the government in its accusations that the automaker had used a so-called defeat device in some diesel variants of its Qashqai SUV. The models were produced at Nissan's UK plant and use 1.6-liter diesels from Renault.
South Korea wants to dispel 'misunderstanding' on U.S. trade pactTue, 07, Feb 2017
South Korea's trade minister said his country will seek to explain the benefits of its free-trade agreement with the United States to the Trump administration, as the pact enacted in 2012 comes under fresh scrutiny.
Discounts drive Hyundai profit to 5-year low; uncertain 2017 aheadWed, 25, Jan 2017
Hyundai Motor posted its lowest quarterly profit in about five years, hurt by the cost of steep discounts on small sedans. The automaker cautioned it expected more uncertainty ahead as competition and protectionism increase.
Hyundai, Kia plan $3.1 billion U.S. investment, consider new plantTue, 17, Jan 2017
Hyundai and Kia said they will spend $3.1 billion in the U.S. in the next five years, joining other vehicle manufacturers in announcing investment plans amid threats from President-elect Donald Trump of higher levies on auto imports from Mexico.
Volkswagen executives indicted by S. Korea prosecutorsWed, 11, Jan 2017
South Korean prosecutors indicted seven current and former executives and employees of Volkswagen Group's local unit for alleged violation of the Clean Air Conservation Act and other charges as part of a year-long investigation into emissions cheating at the group.
S. Korean Volkswagen exec gets jail term in emissions scandal falloutFri, 06, Jan 2017
Korea bans sales of some BMW, Porsche, Nissan models in emissions probeMon, 02, Jan 2017
South Korea banned the sale of 10 models built by BMW, Porsche and Nissan after an investigation found the automakers fabricated documents related to emission tests. The three manufacturers were slapped with total fines of $5.9 million.
Blindsided by SUV boom, Hyundai Motor trims costs, perksMon, 26, Dec 2016
Headed for a fourth straight annual profit decline, Hyundai Motor is trimming its cost fat. The automaker has been hit by its exposure to weak emerging markets and a product lineup that features more sedans than SUVs, just as SUVs have become more popular.
S. Korea to slap VW with record fine, pursue execs over emissions adsWed, 07, Dec 2016
BMW, Porsche, Nissan face sales ban on some models in S. KoreaTue, 29, Nov 2016
South Korea plans to disallow sales of some Porsche, BMW and Nissan models after finding errors in certification documents for the carmakers' imported vehicles. The country's environment ministry also plans to fine the automakers a combined $5.56 million.
Hyundai net income falls 11th straight quarter as strikes cut productionWed, 26, Oct 2016
Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.07 trillion won ($943 million) while net income fell for an 11th consecutive quarter to its lowest level in more than four years.