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Biz & Tech

Auto

Sun, May 16, 2021 | 17:06

Auto exports jump 53 percent on base effect, economic recovery

South Korea's exports of automobiles jumped nearly 53 percent on-year in April, data showed Sunday, on the back of the global economic recovery coupled with a base effect. The country's outbound shipments of automobiles reached 188,293 units in April, according to the Ministry of Trade, Industry and Energy. In terms of value, exports shot up 73.4 percent as South Korea sold m...

2021-05-16 11:24

[Test Drive] On the road with 'the pinnacle of luxury' Mercedes-Benz S-Class

The Mercedes-Benz S-Class has been often called the “pinnacle of luxury” whenever a new model comes out. Korea, known as a home to the biggest fans of the S-Class series, is one of the top revenue makers for the premium German sedan.

Kim Hyun-bin | 2021-05-16 10:20

Hyundai to invest $7.4 billion in U.S. by 2025, with EVs in focus

Hyundai Motor Group said Friday it will invest 8.1 trillion won (US$7.4 billion) in the United States by 2025 to produce electric vehicles, improve production facilities and increase its presence in the smart mobility solutions area.

2021-05-14 14:49

Crash, arrest draw more scrutiny of Tesla Autopilot system

Federal safety regulators are sending a team to California to investigate a fatal freeway crash involving a Tesla, just after authorities near Oakland arrested a man in another Tesla rolling down a freeway with no one behind the steering wheel.

2021-05-13 11:34

ZOE, ideal entry-level electric car

Renault Samsung's best-selling electric vehicle (EV) ZOE is the most recommended car for drivers looking for an eco-friendly vehicle, because of the car's price, safety and low maintenance costs.

Kim Jae-heun | 2021-05-12 16:23

Toyota annual net profit jumps 10.3%

Toyota's full-year net profit jumped 10.3 percent even as the pandemic hit the auto industry, the Japanese firm said Wednesday, projecting growth despite the ongoing semiconductor crisis.The global pandemic has hit automakers hard, with demand collapsing as the coronavirus forced people indoors and hit spending.

2021-05-12 14:47

Genesis vehicle sales exceed 500,000 in past 5 years

Hyundai Motor sold more than 500,000 units of vehicles under its independent Genesis brand since its launch five years ago, the company said Wednesday.

2021-05-12 10:35

Eco-friendly cars take up 71% of new public vehicles in 2020: data

Korea said Tuesday eco-friendly cars, including electric models, accounted for 71 percent of the total vehicles purchased by public organizations last year, as the country continued its efforts to go carbon neutral by 2050.

2021-05-11 10:26

GM Korea to take legal action on its CEO's exit ban

General Motors (GM) and GM Korea announced plans to file an administrative litigation against the Incheon District Prosecutors' Office for banning its CEO Kaher Kazem from leaving the country again on April 30.

Kim Jae-heun | 2021-05-10 16:06

Chip shortage weighing on automakers in Q2

Despite their strong performance in the first quarter, the country's two leading automakers are facing potential setbacks in the second quarter amid a worsening shortage of automotive chips.“Cutting production will be inevitable in the second quarter,” an analyst said, forecasting the production will be “severely disrupted as early as in May.”

Yi Whan-woo | 2021-05-09 16:07

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