Hyundai is making a major push into the commercial vehicle market with a $1.8 billion global investment through 2020. That money includes plans to launch a model in the segment in the US at some point in the future.
Korea's other, other, other automaker reveals its first all-new model in years... and the one that could launch it into the North American market. Say hello to the SsangYong Tivoli, ahead of its debut at the 2015 Geneva Motor Show.
Hyundai has a slight revision ready for the Veloster in its South Korean home market. Along with some interior and exterior styling tweaks, the biggest change is a seven-speed dual-clutch gearbox for the Turbo model.
An article in the Daily Kanban suggests, the sun is setting on GM Korea, and it could already be well into dusk. GM's move into China, the Chevrolet exit from Europe and years of labor strife are driving the division over the edge.
After not being part of the 2014 Formula One season, it was surprising to see the Korean Grand Prix on the calendar for 2015. However, the "TBC" next to the race didn't inspire too much confidence. The round has been removed from the latest released schedule, but its loss might have cleared room for a replacement event.
Uber's CEO in South Korea faces charges that could carry a sentence of up to two years in prison and a maximum fine of 20 million won – equivalent to approximately $18,000. The prosecutor's office, however, is not expected to make any arrests connected to the indictment.
South Korean buyers hoping to stomp on the throttle to hear the thundering V8 of the Chevrolet C7 Corvette have reason to be a little depressed, it seems. The South Korean government has no interest in hearing the 'Vettes angry growl. We're afraid it's just too darn loud.
Hyundai's controversial decision last September to move its Korean headquarters to an expansive (and expensive) new facility was met with a swift backlash by shareholders. After making the biggest land purchase in South Korean history, the company's share price took a nine-point nose dive.
The Toyota Prius is the undisputed king of the hybrid market, but Hyundai and Kia are hoping to challenge its reign in the coming years with their own dedicated model. However, in all likelihood this is the same technology being shared between them. "We will take the lead in the future by raising the competitiveness of our environment-friendly cars like hybrid-only cars, plug-in hybrid cars and fuel cell hydrogen cars," Hyundai Motor CEO Kim Choong-ho said to Reuters, during the launch of anothe
Every time we see a display from SsangYong, Korea's fourth-largest automaker, we're startled at the pace with which it is upping its game. Just a few short years ago, its show stands were littered with discordant designs that bordered on the comical – the original Rodius and Korando still have us biting our tongues. But now look at them – the XIV-Adventure (above) and XIV-Air concept (below) may not be design standouts, but they are perfectly contemporary, with some interesting detai
Here in North America, Hyundai has been historically known as a purveyor of affordable, content-laden everyday cars and crossovers. More recently, it's also been pushing upmarket and attempting to gain respect for its sporting joneses. In other parts of the world, however, the Korean automaker is a major force in commercial vehicles, providing everything from chassis cabs and dump trucks to fullsize motor coaches. Now, it's looking to push further overseas, squarely into Europe's already mature
Doing things Gangnam style apparently costs a serious chunk of change, because Hyundai is reportedly paying roughly $10 billion for 19.6 acres (79,342 square meters) of land in the trendy district of Seoul, South Korea, to serve as the location for its new headquarters. That eye-popping number represents the highest amount ever paid for a plot of land in South Korea, according to Reuters. The hefty price tag reportedly scared investors enough for stock prices to sink dramatically.
After a valiant effort, Indian automaker Mahindra eventually had to give up its attempt to bring a small, cheap pickup truck to the United States, but it hasn't completely given up. Korean automaker Ssangyong, which Mahindra controls, might have a confusing name, but it's taking the first, tentative steps toward bringing its inexpensive SUVs across the Pacific.
Korea is not without its domestic automobiles that would be suitable for transporting a visiting head of state: the Hyundai Equus comes to mind. Failing that, a Genesis sedan would do the trick. Maybe even a Kia K900 or a Renault Samsung SM7. But those familiar with Pope Francis and his taste in transportation won't be surprised that His Holiness has chosen something decidedly more modest for his visit to South Korea.
The ridesharing service Uber promises to connect people needing a lift with drivers offering one, and it appears to be pretty useful. After all, you can use it to summon Optimus Prime. For many cab drivers around the world, though, the app is basically the bane of their existence. The French passed a law mandating wait times before pickups in January, and 30,000 European cabbies staged a mass protest in June. The latest group hoping to ban Uber is the government of Seoul, South Korea.