Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Samsung SDI sees Q3 net grow more than 10-fold
Samsung SDI Co., the world’s top maker of plasma display panels and renewable batteries, said Tuesday its net profit jumped more than 10-fold in the third quarter from a year earlier thanks to solid battery sales and a one-off profit.Net profit came to 1.2 trillion won ($1.1 billion) in the July-September period, compared with a profit of 100 billion won the previous year, the company said in a regulatory filing.Sales increased 3.8 percent on-year to 1.5 trillion won in the cited period, while o
Oct. 30, 2012
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Toyota extends global lead over GM on quarterly gain
Toyota Motor Corp.’s worldwide sales grew 18 percent last quarter on U.S. demand for Camry sedans and Prius hybrids and helped Asia’s largest automaker expand its lead over General Motors Co., the global volume leader in 2011. Toyota delivered 2.43 million cars and trucks in the quarter that ended Sept. 30, including subsidiaries Hino Motors Ltd. and Daihatsu Motor Co., up from 2.06 million a year ago, according to figures provided by Yurika Motoyoshi, a company spokeswoman, yesterday. Its sales
Oct. 28, 2012
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BMW 1 Series unrivaled in premium compact class
BMW’s 1 Series, launched back in 2004, has been leading the global market for premium compact vehicles. The first generation, ranging from hatchback styles to coupes and convertibles, has sold more than 1.5 million units globally. BMW Korea, the Korean unit of the German luxury carmaker, recently announced the arrival of the second generation 1 Series here. According to the carmaker, the new offering from BMW combines improved power and efficiency and also boasts an unrivalled amount of space, o
Oct. 28, 2012
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Strikes dent Hyundai Motor's 3Q profit
Hyundai Motor Co. suffered a fall in third quarter profit versus the previous quarter after strikes dented vehicle production.South Korea's largest automaker said Thursday net profit fell 15 percent from the April-June quarter to 2.16 trillion won ($1.96 billion). It was Hyundai's first sequential drop in quarterly profit in a year. The result, which matched forecasts, was still a 13 percent rise over a year earlier. Its operating profit fell 18 percent from the second quarter to 2.05 trillion
Oct. 25, 2012
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Hyundai eyes million-car production in China
BEIJING ― Following territorial disputes between Beijing and Tokyo, the dramatic fall-off in demand for Japanese vehicles has been an unexpected boon for Korea’s Hyundai in the all-important Chinese market. In September, when Toyota Motor Corp. saw its Chinese sales almost halve from a year ago, Hyundai Motor’s sales in China increased by 15 percent to post record sales. Some industry watchers warn the Toyota-led sales slump could drag down the Chinese car market overall. But Hyundai seems more
Oct. 23, 2012
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Renault-Nissan alliance plans to double cost savings by 2016
Renault SA and Nissan Motor Co. said they aim to double annual cost savings from their alliance within four years, while denying a Reuters report that they are reviewing their cross-shareholdings. “We have an internal goal of 4 billion euros ($5.2 billion) in synergies in 2016,” Rachel Konrad, an alliance spokeswoman, said by e-mail. “We expect more every year.” The two plan to boost synergies from their partnership to 2.1 billion euros this year from 1.7 billion euros in 2011.Renault is not loo
Oct. 21, 2012
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Premium import car sales set for milestone
Foreign automakers expected to sell 10,000 units priced more than 100 million won in 2012Yearly sales of import cars with a price tag above 100 million won ($90,100) are expected to surpass 10,000 units for the first time in the nation.Amid the brisk sales of premium vehicles despite the economic slowdown, the import automobile industry saw its sales of cars priced more than 100 million reach 8,035 units for the first nine months of 2012, up about 10 percent over the same period last year.Accor
Oct. 21, 2012
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Hyundai, Kia enjoy brisk sales in Europe in Sept.
South Korea’s leading automakers Hyundai Motor Co. and Kia Motors Corp. saw steady sales growth in Europe last month despite the region’s contracted demand in the midst of the financial crisis, industry data showed Thursday.Hyundai and Kia, the flagship companies of Hyundai Motor Group, sold a combined 73,000 units in September in 27 European countries, up 3.7 percent from a year ago, according to the data.Their market share rose 0.9 percentage points to 6.6 percent last month.For the first nine
Oct. 18, 2012
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Gov't mulls extending tax break on diesel for e-trade
The government is moving to extend various incentives for diesel imports that are traded electronically in a move to further stabilize energy prices that might have a large impact on overall consumer prices, market observers said Thursday.They said the government has already decided to extend the incentives until the end of next year. Most of the incentives, which include a full tax exemption, as
Oct. 18, 2012
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Ford board said to deliberate on Mulally successor
Ford Motor Co.’s board discussed a succession plan for chief executive officer Alan Mulally at its monthly meeting on Friday, according to a person familiar with the discussions. The board is preparing to promote Mark Fields to chief operating officer from president of the Americas as part of a plan to have him eventually succeed Mulally, said the person, who asked not to be named revealing board deliberations. Such a move would make clear the succession plan at the second-largest U.S. automaker
Oct. 14, 2012
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Toyota learned of window defect before recall
Toyota Motor Corp. first learned in 2008 about a defect in power-window switches that last week prompted it to recall 7.43 million vehicles worldwide for fire hazards, according to documents filed with U.S. regulators. Toyota, based in Toyota City, Japan, received a report in September 2008 from the U.S. about “an unusual smell” from the power-window master switch and “thermal damage” to the switch, the company said in a report posted Friday on the U.S. National Highway Traffic Safety Administra
Oct. 14, 2012
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Honda’s record sales led by new compacts in emerging markets
Honda Motor Co. president Takanobu Ito forecast growth over the next two to three years will be led by sales of its range of new Fit vehicles as Japan’s third- biggest automaker expands in emerging markets. “We will see the good uplifting effect from the Fit series,” Ito, 59, said Friday in an interview at his Tokyo office, where Honda’s spaceman-like Asimo robot greets visitors by name. “So around the world, I believe 2013, 2014, 2015 will be years of growth.” Ito’s focus on the Fit, a vehicle
Oct. 14, 2012
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Avante challenged by new K3, SM3
Import brands set to fuel competition in compact car marketHyundai Motor’s flagship compact Avante has never lost its top-seller position in the nation’s small family car segment in the past 12 years.The Avante sold 81,256 units in the first nine months of this year, making up more than 60 percent of compact car sales here. However, the game seems to be changing in the second half of the year, as other carmakers are revving up the competition with their new models. For now, industry watchers say
Oct. 14, 2012
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Hyundai, Kia forecast to log record sales in Q4
South Korean automakers Hyundai Motor Co. and Kia Motors Corp. are forecast to post record sales in the final three months of the year on increased production and growing overseas demand, analysts said Thursday.“Hyundai and Kia will likely expand production in local plants by encouraging overtime work until the end of the year, with their overseas factories growing steadily,” said Lee Hyung-sil, an analyst from Shinyoung Securities Co.“Their factories will continue to operate at full capacity as
Oct. 11, 2012
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Hyundai, Kia thrive in China as Japanese cars stumble
Hyundai Motor and affiliate Kia Motors forecast sales in China will exceed their targets as South Korea’s two largest carmakers benefit from a wave of anti-Japan protests in the world’s largest vehicle market.The two carmakers will probably sell more vehicles in 2012 than the 1.25 million they had projected, Seoul-based Hyundai Motor said in a statement Sunday. Combined deliveries rose to 127,827 units last month, or 9.5 percent higher than the previous record set a year earlier, it said.Non-Jap
Oct. 9, 2012
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Imported car sales jump 20.6% in September
Sales of foreign-made vehicles in South Korea jumped 20.6 percent in September on-year to reach a record high, fueled by sales promotions and a steady demand for premium models, a trade association said Monday.A total of 12,123 imported vehicles were sold here last month, exceeding the 12,000-level for the first time since foreign cars first made inroads into the South Korean market in 1987, according to the Korea Automobile Importers and Distributors Association. The figure also represents a 14
Oct. 8, 2012
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Japanese car sales in China tumble on anti-Tokyo protests
Mazda Motor Corp.’s deliveries in China tumbled to the lowest in 19 months as anti-Japan protests flared in the world’s largest vehicle market, fueling concern larger automakers such as Toyota Motor Corp. will follow suit.Mazda reported Friday China deliveries dropped 35 percent last month to 13,258 vehicles, meaning the company didn’t even match its sales during the aftermath of last year’s tsunami in Japan and floods in Thailand. Mitsubishi Motors Corp. said Saturday Chinese sales plunged 63 p
Oct. 7, 2012
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California gas stations shut as oil refiners ration supplies
Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. are beginning to shut pumps as the state’s oil refiners started rationing supplies and spot prices surged to a record. Valero Energy Corp. stopped selling gasoline on the spot, or wholesale, market in Southern California and is allocating deliveries to customers. Exxon Mobil Corp. is also rationing fuel to U.S. West Coast terminal customers. Costco’s outlet in Simi Valley, 64 kilometers northwest of Los Angeles, ran
Oct. 7, 2012
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Whisky to fuel cars as professor drives recycling
Martin Tangney has a vision that combines romantic historical and cultural images of Scotland with a business of the future: He wants to turn the waste from making whisky into fuel for vehicles. “The beauty is its simplicity,” says Tangney, 47, founder of Celtic Renewables Ltd., an Edinburgh-based company that grew out of his research work as director of the Biofuel Research Centre at Edinburgh Napier University. “Scotch Whisky is synonymous with Scotland, like bagpipes and kilts.” The professor
Oct. 7, 2012
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Hyundai seeks premium ranks with new design
Design chief hints new Genesis will become a game-changerIt was on a rare occasion that Hyundai Motor’s design center opened its doors to the media. To enter the guarded facility, visitors are required to pass through two checkpoints. At the first one, all identification cards and laptops are submitted, while security stickers seal shut the cameras, including those in mobile phones. Security seems air-tight at this Gyeonggi Province-based facility, more so at this time as the next generation Gen
Oct. 7, 2012