BMW 5 Series maintains lead in South Koreas premium imported car market
BMW 5 Series maintains lead in South Korea's premium imported car market

SEOUL, November 12 (AJP) - German automaker BMW sold more than 20,000 units of its 5 Series here during the first 10 months of this year, maintaining its lead in the premium imported car market, it said on Thursday. Sales of the sedan reached 21,552 units through October, slightly up from 21,364 units in the same period last year, making it the best-selling import in its segment in South Korea. The automaker attributed the strong performance to the sedan's wide range of optio

Genesis rolls out flagship GV90 electric SUV
Genesis rolls out flagship GV90 electric SUV

SEOUL, November 10 (AJP) - Genesis, Hyundai Motor's luxury brand, began selling its first full-size flagship electric sport utility vehicle (SUV) at local dealerships here on Tuesday, months after unveiling it in San Francisco in August, the automaker said on Tuesday. Inspired by a traditional moon jar, the GV90 is equipped with distinctive features and several new technologies that Genesis says are industry firsts such as a roof airbag and hidden pillarless coach doors. It w

Hyundai teams up with French gas giant on hydrogen vehicles in China
Hyundai teams up with French gas giant on hydrogen vehicles in China

SEOUL, November 9 (AJP) - Hyundai Motor Group is teaming up with French industrial gas company Air Liquide to expand its hydrogen-powered vehicle business in China, the South Korean automaker said on Monday. HTWO Guangzhou, its first overseas production base for hydrogen fuel-cell systems, signed a memorandum of understanding (MOU) with Air Liquide's Chinese subsidiary during this year's China International Import Expo in Shanghai, which opened last week and runs through Tue

Hyundai, Kia see domestic EV sales surge last month
Hyundai, Kia see domestic EV sales surge last month

SEOUL, November 9 (AJP) - Hyundai Motor and affiliate Kia saw their electric vehicle sales in South Korea nearly double in October, driven by growing demand for more affordable models. Some 12,267 EVs were sold in the domestic market last month, up 95.9 percent from 6,261 a year earlier and 62.5 percent from September, according to data released by the automakers on Monday. Their combined sales from January through October reached 116,159 units, up 77.1 percent from the same peri

Chinas BYD makes rapid strides in Korean ride-hailing market
China's BYD makes rapid strides in Korean ride-hailing market

SEOUL, November 4 (AJP) - Chinese electric vehicle maker BYD has rapidly expanded its presence in South Korea's commercial taxi market. According to an analysis of data from the Ministry of Land, Infrastructure and Transport obtained through lawmaker Kang Deuk-gu of the ruling Democratic Party (DP), about 305 new BYD electric taxis were registered in the first eight months of this year, up from just 20 during the same period last year. The figure was a more than 15-fold i

Hyundai, Kia post record US sales last month amid surging demand for EVs
Hyundai, Kia post record US sales last month amid surging demand for EVs

SEOUL, November 4 (AJP) - Hyundai Motor and its affiliate Kia posted their highest-ever U.S. sales last month, thanks to growing demand for hybrid and electric vehicles (EVs). Hyundai Motor and its affiliate Kia posted record U.S. sales last month, as demand for hybrid and electric vehicles (EVs) continued to grow. The two automakers sold a combined 160,083 vehicles in the U.S. in October, up 9.5 percent from a year earlier, marking their highest-ever sales for the month. Hyu

Hyundai Motors assembly line in Ulsan halted over staffing dispute
Hyundai Motor's assembly line in Ulsan halted over staffing dispute

SEOUL, November 3 (AJP) - One of two production lines at Hyundai Motor's plant in Ulsan was halted Monday after unionized workers blocked a Genesis G80 hybrid test vehicle from entering the line amid a dispute over staffing for new models. The stoppage began at around 9 a.m. at the plant's Genesis assembly unit as Hyundai sought to place the test vehicle on the line ahead of future mass production. Company managers urged workers to resume production, but the line remained

Hyundai Motor suffers sluggish sales in October
Hyundai Motor suffers sluggish sales in October

SEOUL, November 2 (AJP) - Hyundai Motor saw its sales decline last month while its affiliate Kia posted strong growth, largely driven by robust demand for sport utility vehicles (SUVs). According to sales figures released on Monday, the automaker sold some 329,773 vehicles worldwide in October, down 6.3 percent from a year earlier. Its domestic sales fell 8.9 percent to 49,042 units, while overseas sales dropped 5.9 percent to 280,731 units. In contrast, Kia sold 291,219 vehicl

Renault Korea to roll out limited edition of its flagship SUV
Renault Korea to roll out limited edition of its flagship SUV

SEOUL, November 2 (AJP) - A limited-edition version of Renault Korea's flagship Filante is set to be released this week, the automaker said on Monday. Slated for release Thursday, the Noir edition of the high-end sport utility vehicle (SUV), based on the automaker's top-tier trim, features exclusive black styling inside and out. Its name comes from the French word for black, and production will be limited to 1,000 units. The SUV is priced at 51.94 million won (US$36,000)

Hyundai to invest $450 million to expand plant in Alabama
Hyundai to invest $450 million to expand plant in Alabama

SEOUL, October 29 (AJP) - Hyundai Motor plans to invest US$450 million in its U.S. plant to increase production of hybrid vehicles and extended-range electric vehicles (EREVs), expanding its manufacturing base in North America, the automaker said on Thursday. At an investment blitz at its plant in Montgomery, Alabama, Hyundai said the funds would be used to build facilities for producing new engines, install equipment for future Tucson and Santa Fe SUV models, and introduce technolo