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Thu, March 4, 2021 | 09:41
LG, Magna to launch $1 bil. JV for electric car parts
LG, Magna to launch $1 bil. JV for electric car parts
LG Electronics said Wednesday that it had agreed with Magna International to launch a joint venture (JV) to produce electric vehicle (EV) components in a bid to strengthen its foothold in the auto parts industry.
Kim Yoo-chul | 2020-12-23 17:05
SsangYong receivership to speed up HAAH's acquisition
SsangYong receivership to speed up HAAH's acquisition
SsangYong Motor's decision to file for court receivership is expected to help the ailing carmaker speed up the process of finding a new owner, according to industry officials, Tuesday.
Nam Hyun-woo | 2020-12-22 16:51
Volkswagen Passat GT targets young professionals
Volkswagen Passat GT targets young professionals
Volkswagen is eyeing robust sales among young professionals with the new Passat GT, which features cutting-edge drive assist technologies and a sleek look at reasonable prices, according to the brand, Tuesday.
Nam Hyun-woo | 2020-12-22 13:23
SsangYong files for court receivership
SsangYong files for court receivership
SsangYong Motor, the Korean affiliate of Mahindra & Mahindra (Mahindra), filed for court receivership with a Seoul court, late Monday, after it missed repayments of a total of 150 billion won to foreign financial institutions and its main creditor the Korea Development Bank (KDB).
Kim Yoo-chul | 2020-12-21 16:40
Hyundai Motor Group betting big on Genesis GV80 in US
Hyundai Motor Group betting big on Genesis GV80 in US
Hyundai Motor Group is set to jump on the SUV bandwagon in the United States with the GV80, a large-size SUV model from the group's luxury brand Genesis.
Baek Byung-yeul | 2020-12-20 16:54
Hyundai reshuffles top execs, launches generation shift
Hyundai reshuffles top execs, launches generation shift
Hyundai Motor Group has reshuffled its top brass, promoting figures in charge of the group's future growth businesses to higher positions in the automotive conglomerate.
Nam Hyun-woo | 2020-12-15 17:14
'The future is electric, and Audi Volkswagen Korea is prepared'
'The future is electric, and Audi Volkswagen Korea is prepared'
In the past few years, the presence of Audi and Volkswagen vehicles in the Korean automobile market have been kept at a low level after their importer, Audi Volkswagen Korea (AVK), was slapped with a sales ban in 2016 following a global emissions scandal involving Volkswagen Group.
Nam Hyun-woo | 2020-12-14 16:21
What will Hyundai's robot business look like?
What will Hyundai's robot business look like?
As Hyundai Motor Group announces its acquisition of robot company Boston Dynamics, attention is on how the automotive giant will unfold its robot business.
Nam Hyun-woo | 2020-12-13 16:45
Hyundai Motor to acquire 80% stake of Boston Dynamics from SoftBank
Hyundai Motor to acquire 80% stake of Boston Dynamics from SoftBank
Hyundai Motor Group said Friday its affiliates and its chairman will buy an 80-percent stake, worth up to 900 billion won ($828 million), in U.S. robotics firm Boston Dynamics in the latest move to propel its future mobility business.
2020-12-11 18:30
New fair trade rule forces Hyundai to restructure governance
New fair trade rule forces Hyundai to restructure governance
Hyundai Motor Group is under growing pressure to revamp its shareholding structure between units after revisions to Korea's Fair Trade Act strengthening regulations on intra-affiliate trading passed the National Assembly.
Nam Hyun-woo | 2020-12-11 16:46
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