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S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL
Highlights –
- S. Korea’s automobile exports rose to 53% in April.
- In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
- Hyundai Motor Co. saw its exports jump 40.3 percent in April.
- SsangY...
S. KOREAN CARMAKERS SAW A JUMP IN SALES BY 77% IN APRIL
Highlights –
- S. Korean carmakers saw a jump in sales by 77% in April.
- The five carmakers sold a combined 630,691 vehicles in April.
- Hyundai reported its sales to double to 345,777 units from 167,693 a year ago.
- Kia's sa...
S. KOREA’S EXPORTS OF AUTOMOBILES INCREASE BY 35 PERCENT IN FEBRUARY
Highlights –
- S. Korea’s exports of automobiles increase by 35 percent in February.
- In February, outbound shipments of automobiles were 161,886 units.
- Hyundai saw overseas sales increase by 40.4 percent in terms of units. ...
S. KOREAN COLLECTIVE CARMAKER’S SALES ON SUVs ROSE 4.8 PERCENT IN JANUARY 2021
Highlights –
- S. Korean collective carmaker’s sales on SUVs rose 4.8 percent in January 2021.
- The data is by Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co.
- Domestic sales of the ...
GM KOREA TO RETHINK FUND INFLOW IN MAIN PLANT AMIDST ONGOING STRIKE
- GM Korea Co., the South Korean unit of General Motors Co., said Friday it will weigh its decisions and reconsider investing in its main plant as its union continues to strike for higher wages.
- GM Korea will mull over making an investment in the company's No. 2 Bupyeong plan...
GMR GROUP DECIDES TO SEPARATELY LIST ITS AIRPORT BUSINESS
In order to raise funds worth Rs 5,000 crore, country’s largest airport operator, GMR Group founded by GM Rao has taken a decision to separately list its airport business. This proposal was passed by the company’s board on Thursday that will see the holding company, GMR Infrastructure...
SELF DRIVING CAR LAUNCHED BY HONDA AND GM
Highlights
- Carmakers launch new self-driving car
The two renowned automakers GM and Honda, having more than 160 years of experience between them have launched the Origin, a new self-driving vehicle.
The electric car which is a six-se...
KIA MOTORS STILL FACING LABOR DISPUTES
Labor disputes in some of the major automakers are acting as a barrier towards growth. Korea's labor dispute is due to a low wage deal for the year 2019. Of the country's popular five carmakers, Hyundai Motor Co. and SsangYong Motor Co. have already settled the deal before entering 2020.<...
MERCEDES-BENZ 2019 PERFORMANCE IN KOREA IS RECORDED AS THE BEST
Mercedes-Benz's performance in the year 2019 was marked as the best in the Korean market, since its entry into the market. Mercedes-Benz outperformed Korea-based automaker GM Korea. This is the first time in the history of the Korean Automobile market that an imported-car brand has recorded a...
Shtembuliak, Shuvalova Are World Junior, Girls' Champions 2019
Obscure Ukrainian GM Evgeny Shtembuliak has won the World Junior Championship. WIM Polina Shuvalova of Russia has won gold in the young ladies segment, her second big showdown this month as she won the World Under 18 Girls Championship in Mumbai, India, two weeks back. The World Junior Championsh...
Will the GM strike affect the Korean Auto scene?
As there are strikes at the United States-based carmaker General Motors, similar strikes are going on in the Korean counterpart of General Motors. The Korean auto sector has seen this first hit since the auto industry crisis has started, which is a good sign as the crisis came to the nation at th...