Industry

  • Recall order for 9,000 imported cars from Benz, Honda and Ford
    Recall order for 9,000 imported cars from Benz, Honda and Ford In a widening probe triggered by Volkswagen's emissions-cheating, three foreign carmakers including Mercedes-Benz have been ordered to recall some 9,000 cars brought into South Korea due to defective parts, transport authorities said Thursday. The recall followed an intensive safety check into faulty parts of imported cars that began after Volkswagen was accused of faking emissions results for some of its diesel models. Mercedes-Benz Korea will recall 1,135 E-class s June 2, 2016
  • Prosecutors seize Volkswagen cars for probe into emissions-cheating
    Prosecutors seize Volkswagen cars for probe into emissions-cheating South Korean prosecutors seized 950 Volkswagen cars Wednesday as part of their probe into the German company which has been accused of faking emissions tests. Prosecutors said three models -- A1, A3 and Golf -- were seized at the Volkswagen depot in the southwestern port city of Pyeongtaek. The move followed a raid by prosecutors in February into the offices of Volkswagen's local unit at the request of South Korea's environment ministry. The German auto giant has June 1, 2016
  • green cars could be a risk to walkers: Yonhap
    green cars could be a risk to walkers: Yonhap Hybrid or electric-powered cars could be much more dangerous to pedestrians than traditional vehicles because of their silence, a report said. According to the report by Hyundai Marine & Fire Insurance Co., walkers are 1.6 times more likely to be run over by a quiet hybrid or electric car than by one with a gas or diesel engine outside schools, in residential areas and on other back roads. The accident rate for slow-moving hybrids on back roads was 5.5 percent, compared to June 1, 2016
  • BMW recalls thousands of cars in South Korea for faulty parts
    BMW recalls thousands of cars in South Korea for faulty parts ​ German car giant BMW will recall about 3,500 cars sold in South Korea after safety regulators discovered defective parts including a fuel pump and an airbag control unit, officials said Wednesday. BMW Korea will voluntarily recall 1,751 vehicles, including 320d and 12 other models, sold in 2014 after admitting that there could be possible "flaws" in their fuel pump, the transportation ministry said in a statement. The move came in the middle of a safety check in May 18, 2016
  • [UPDATES] Nissan to be fined for manipulating emissions tests
    [UPDATES] Nissan to be fined for manipulating emissions tests ​ An environment ministry official points to a device used by Nissan to fake emissions test. Japan's Nissan Motor will be ordered to recall a compact diesel model of its vehicles sold in South Korea with a fine of 280,000 US dollars for manipulating emissions tests, South Korea's environment ministry said Monday. Nissan was found to have faked emissions results for its Qashqai compact crossover by using a defeat device, the ministry said. Qashqai, produced by an May 16, 2016
  • Popularity of GMs new Malibu grows in South Korea
    Popularity of GM's new Malibu grows in South Korea General Motors' new mid-sized sedan Malibu is enjoying a good response from consumers, garnering some 2,000 orders in advance on Thursday, only a day after its new version was unveiled in South Korea. The new model under its Chevrolet brand has been a steady seller in the global market. It comes with a 1.5-liter or 2.0-liter gasoline engine. The 1.5-liter model offers a fuel economy of 13 kilometers per liter with a maximum 166 horsepower. In South Korea, the pric April 28, 2016
  • Hyundais Q1 profit down due to poor sales in emerging markets
    Hyundai's Q1 profit down due to poor sales in emerging markets South Korea's top automaker Hyundai Motor vowed Tuesday to launch new models in Russia and other strategic points abroad as a business slump in emerging markets undercut sales and profits in the first quarter of this year. Hyundai said its first-quarter net profit fell 10.8 percent on-year to 1.77 trillion won (1.54 billion US dollars). Operating profit dropped 15.5 percent on-year to 1.34 trillion won while sales rose 6.7 percent to 22.35 trillion won. The company s April 26, 2016