South Korea

Korea's Halla to buy Visteon's auto climate businesses in China, India

11:48 am U.S. ET | Jan. 10, 2013
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 »

 

NUTS & BOLTS

Ex-Audi designer Schreyer is a Kia president without the pressure

Jan. 7, 2013 06:01 CET
It has yet to be shown that star designers can be transformed into heads of big car company divisions. So when designer Peter Schreyer was named president of Kia Motors over the holidays, we wondered about the wisdom of the move.... Read More »

 

FINAL ASSEMBLY

Schreyer is a president without the pressure

12:01 am U.S. ET | Jan. 7, 2013
It has yet to be shown that star designers can be transformed into heads of big car company divisions. So when German designer Peter Schreyer was named president of Kia Motors over the holidays, we wondered about the wisdom of the move.... Read More »

 

Hyundai, Kia forecast smallest growth in global sales in 7 years

Jan. 3, 2013 06:01 CET
Hyundai and smaller affiliate Kia forecast their slowest sales growth in seven years as a slowing global economy and strengthening won saps demand. The two companies plan combined sales to rise 4.1 percent to 7.41 million vehicles in 2013, Chung Mong Koo, chairman of both Hyundai and Kia, told employees during a new year address in Seoul Wednesday.... Read More »

 

Hyundai, Kia forecast smallest growth in global sales in 7 years

12:34 am U.S. ET | Jan. 2, 2013
Hyundai Motor and smaller affiliate Kia Motors forecast their slowest sales growth in seven years as a slowing global economy and strengthening won saps demand. The two companies plan combined sales to rise 4.1 percent to 7.41 million vehicles in 2013, Chung Mong Koo, chairman of both Hyundai and Kia, told employees during a new year address in Seoul Wednesday.... Read More »

 

Kia Motors promotes chief designer Schreyer

12:01 am U.S. ET | Dec. 31, 2012
Kia Motors Corp. has promoted chief designer Peter Schreyer to the role of president, the first foreigner to attain the position at the company, as the South Korean automaker seeks to elevate its global profile.... Read More »

 

Tower International sells Korean parts operations

9:29 am U.S. ET | Dec. 28, 2012
U.S. automobile parts maker Tower International Inc. sold its South Korean operations to Seco, a privately owned Korean auto parts supplier, for about $47 million in cash.... Read More »

 

Free trade pacts prompt Koreans to eye imports over Hyundai, Kia

12:01 am U.S. ET | Dec. 22, 2012
Two trade deals and a shift in Korean consumer sentiment have cut domestic sales of Hyundai, Kia and the country's three other automakers by 5.2 percent this year, according to the Korea Automobile Manufacturers Association.... Read More »

 

Chevrolet aims to keep defying Europe's sales slump

Nov. 28, 2012 06:01 CET
Chevrolet Europe Managing Director Susan Docherty has the task of maintaining the brand's growth in a slumping market. In the first 10 months, Chevrolet's European sales grew 1.9 percent to 150,402, according to industry association ACEA. Docherty took over the top job at Chevrolet Europe on Jan. 1, moving from her previous role as GM 's head of international sales and marketing based in Shanghai.... Read More »

 

FROM THE CURRENT ANE PRINT ISSUE

Are Korean automakers winning the right way in Europe?

Nov. 14, 2012 06:01 CET
While struggling European carmakers reduce production and consider plant closures, Hyundai and affiliate Kia are reporting record sales. The Korean brands attribute buoyant sales to their lean organizations and modestly priced, desirable new cars. Others disagree.... Read More »

 

Toyota plans to export U.S.-made Venzas to South Korea

11:51 am U.S. ET | Nov. 14, 2012
Toyota plans to export its Kentucky-built Venza crossover to South Korea, the first time the vehicle will be sold outside North America. Venza exports are forecast to be about 600 units annually, said Bob Carter, Toyota senior vice president of automotive operations.... Read More »

 

Source: Cruze may be built in Europe

12:01 am U.S. ET | Nov. 12, 2012
General Motors said it won't build the next-generation Chevrolet Cruze in Korea, raising the possibility that it might shift production to Europe to help boost efficiency at its money-losing Opel unit.... Read More »

 

GM won't build next-generation Chevy Cruze in South Korea

12:00 pm U.S. ET | Nov. 6, 2012
GM said it won't build its next-generation Chevrolet Cruze small car in South Korea, raising the possibility that it might shift assembly to Europe to help boost efficiency at its money-losing unit there.... Read More »

 

Hyundai, Kia mileage claims to harm brand value, Interbrand says

6:56 am U.S. ET | Nov. 5, 2012
Hyundai and Kia have harmed the value of their brands by overstating the mileage of some of their vehicles, market researcher Interbrand said today.... Read More »

 

Kia stock falls despite 28% gain in quarterly net income

11:53 am U.S. ET | Oct. 26, 2012
Kia Motors reported a 28 percent gain in quarterly profits, but the results were lower than expected because of South Korean labor protests. Kia stock fell the most in five months in Seoul trading.... Read More »

 

Hyundai profit beats estimates on China, i10 minicar in Europe

Oct. 25, 2012 08:19 CET
Hyundai reported profit that exceeded analysts' estimates as it benefited from anti-Japan protests in China and the i10 minicar helped the company buck the slump in Europe.... Read More »

 

EU rejects French request to monitor South Korean car imports

Oct. 22, 2012 20:04 CET
EU regulators rejected France's demand to monitor imports of South Korean cars more closely. European carmakers opposed the agreement, saying it would give an unfair edge to Hyundai and Kia.... Read More »

 

GM seeks to gain near complete control of South Korea unit

9:37 pm U.S. ET | Oct. 21, 2012
GM is looking to gain close to complete control of its South Korean unit by buying a 17 percent stake held by the unit's second-biggest shareholder, a move that has renewed concerns it could be paving the way for restructuring steps.... Read More »

 

New CEO looks to recast Visteon as smaller, more profitable

Oct. 18, 2012 06:01 CET
Visteon, Ford's former in-house megasupplier that produced everything from instrument panels to headlights, is about to get a lot smaller. Under new CEO Tim Leuliette, 62, the company could downsize itself to climate control. In an interview, Leuliette spelled out his plans to recast Visteon.... Read More »

 

Hyundai promotes non-Korean as VP in charge of public relations

11:10 am U.S. ET | Oct. 17, 2012
Hyundai has promoted its global public relations chief to vice president -- a rare-advancement for a non-Korean executive at the carmaker’s global headquarters. Frank Ahrens, 48, an American, joined Hyundai as director of global public relations in 2010. His appointment to vice president of global corporate communications took effect Oct. 11... Read More »

 

THE SUPPLIER SPEAKS: TIM LEULIETTE, CEO, VISTEON

New CEO looks to recast Visteon as smaller, more profitable

12:01 am U.S. ET | Oct. 15, 2012
Visteon, Ford Motor Co.'s former in-house megasupplier that produced everything from instrument panels to headlights, is about to get a lot smaller. Under incoming CEO Tim Leuliette, 62, the company could downsize itself to climate control. In an interview, Leuliette spelled out his plans to recast Visteon.... Read More »

 

GM to boost Spark imports

12:01 am U.S. ET | Oct. 15, 2012
General Motors is increasing imports of Chevrolet Spark minicars for sale in the United States.... Read More »

 

GM to import more Chevy Sparks from Korea

3:52 pm U.S. ET | Oct. 11, 2012
General Motors is increasing imports of Chevrolet Spark minicars for sale in the United States following a stronger-than-expected launch here.GM recently upped its order for Sparks from the Korea plant that produces the car, Cristi Landy, marketing director for Chevrolet small cars, told Automotive News.... Read More »

 

Steel giant seeks auto partnerships

12:01 am U.S. ET | Oct. 8, 2012
South Korean steel conglomerate Posco Ltd. plans to spend at least $2 billion to create as many as 200 joint ventures -- many with U.S. auto suppliers.... Read More »

 

Visteon goes Asia-centric with climate control venture

12:01 am U.S. ET | Oct. 8, 2012
Visteon CEO Tim Leuliette is moving the headquarters of his most profitable division -- reincarnated as a joint venture -- to South Korea as part of his effort to recast Visteon as an Asia-centric company.... Read More »