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Showing posts with label Korea. Show all posts
Showing posts with label Korea. Show all posts

Tuesday, July 19, 2011

2012 Hyundai Sonata Receives its First Facelift in South Korea


Hyundai has blessed the South Korean market version of its Sonata mid-size sedan with its very first mild facelift. Just don’t blink because you may very well miss it.

The light cosmetic surgery on the outside brings a revamped front grille with a little bit less chrome on top and around the sides, plus new LED taillights at the back, reshaped mirror casings and a fresh choice of alloy wheel designs including a set of 18-inch multispoke rims.

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The Truth About the Relationship Between Hyundai and Kia


Hyundai and Kia have a strange, symbiotic relationship. They share factories, parts as well as engineering knowhow and product testing duties. And yet they remain separate entities with their own marketing, distribution and styling departments.

Michael Sprague, Kia’s VP for marketing and communication describes their relationships to the New York Times likes this:

“Kia Motors America operates as a completely separate sales, marketing and distribution organization in the United States. [Hyundai and Kia share engineering efficiencies] similar in many ways to other global automakers.”

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Ferrari World Design Contest: And the Winner is….


For the past few months, design students from 50 universities across the globe took up Ferrari’s challenge of designing a future supercar for the famous Italian brand. Now, following the completion of the second phase in which seven schools were chosen to move to the final round, we have a winner.

Drum-roll please…and the winners of the Ferrari World Design Contest are…the students from Seoul’s Hongik University. The South Korean school finished first ahead of the second-placed IED of Turin in Italy and London’s Royal College of Arts.

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Saturday, July 16, 2011

GM Agrees to Pay Korean Workers a Record Bonus of $6,140 Each and Increase Basic Salaries by 4.7%!


The South Korean division of General Motors has agreed to a record bonus payment for its employees following a partial strike last week. This was the first organized union strike to hit GM Korea in three years and it led to a production loss of 9,700 units.

The agreement between GM Korea and the union includes a raise of basic salaries by 4.7% and, more importantly, a $6,140 (6.5 million won) bonus to each worker.

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Thursday, July 14, 2011

Toyota and Honda want to Win Back Sales Share from Hyundai Sonata with New Models


Not too long ago, if someone told you that a South Korean model would challenge America’s best selling sedan, the Toyota Camry, you would have probably laughed in his or her face.

Needless to say, a lot has changed over the past few years with Hyundai and in particular its latest Sonata sedan, not only challenging, but this past May even surpassing the Camry in U.S. sales for the first time in history.

Of course, the fact that Toyota’s production capabilities were seriously affected by the aftermath of the March 11 earthquake, tsunami and nuclear disaster in Japan, played a significant role in Hyundai’s accomplishment.

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Thursday, June 23, 2011

Renault Koleos SUV Refreshed for the 2012 Model Year


It’s only three years old, but it’s apparently time for the Renault Koleos compact SUV to receive its first facelift. The changes include an exterior makeover and new interior trim, plus noticeable CO2 and fuel consumption savings in the case of the crossover model’s range of diesel powerplants.

The first thing you’ll notice on the updated model is the brand new fascia, evidently inspired by the newly launched Latitude sedan, which like the Koleos, is the product of Renault Samsung Motors in Busan, South Korea.

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Monday, June 20, 2011

Argentina Agrees to Allow Hyundai and Kia Imports for Peanuts – Literally…


Argentina’s exports for imports saga continues, with South Korean carmaker Hyundai agreeing to export peanuts, wine, biodiesel and soy flour to offset the US$91 million (€64 million) it added to Argentina’s growing trade deficit in 2010. Partner company / subsidiary Kia has agreed export white goods and plastics for their contribution.

The South American nation’s US$6 billion (€4.19 billion) trade deficit has already led to one Porsche distributor agreeing to export wine and olive products, while similar deals have been struck with carmakers Chery, GM, Peugeot-Citroen, Alfa Romeo, Mercedes-Benz, Volkswagen, Fiat and Ford.

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Tuesday, June 14, 2011

Renault Samsung Debut New SM7 Saloon in South Korea


The Renault-Nissan alliance’s South Korean subsidiary Samsung has presented the production version of its SM7 sedan model, which was displayed as a thinly disguised concept car at the 2011 Seoul Motor Show this past April.

Putting aside some minor details such as the lower parts of the front and rear bumpers, and the less extravagant choice of alloy wheels, nothing else has changed from the concept model.

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