Vince Courtenay


Vince covers South Korea and other markets in the Asia/Pacific region.

Korea’s Hyundai Under Sustained Fire From Imports
The Golf outsold the Hyundai i30 in Korea last year, marking the first time a foreign-brand model beat any locally built Hyundai. Total import sales surged 25.6% from like-2014.
Hyundai Cuts Price of Tucson FCV 43% in South Korea
The South Korean automaker is slashing the price of the Tucson fuel-cell vehicle in its home market and will drop European prices next month.
Chairman, Son Look to Shed Stock in Hyundai Affiliate 
Chairman Chung Mong-Koo and Vice Chairman Chung Eui-Sun earlier this month found no takers for 5 million shares of Hyundai Glovis with an asking price of roughly $1.3 billion.
Korea’s Ssangyong Enters Tivoli in Global Ute Game 
If directors of Indian parent Mahindra & Mahindra approve launching the compact SUV in the U.S., it would take at least two years for sales to begin.
Renault Samsung Hopes SM5 LPG-Fueled Taxi Fares Well 
It may be the first time an automaker has targeted its flagship vehicle toward the taxi market to achieve its overall sales goal.
Hyundai Doubles Down on Expanding China Capacity 1
When the two new plants are up and running at full design capacity, the Beijing Hyundai JV will have total capacity for producing 1.65 million passenger vehicles per year in China.
Renault Samsung Rides QM3 to Korea Import Primacy 
While the QM3’s domestic sales target for all of 2014 was set at 8,000 units, through November the automaker had sold some 14,000 and had a 2-month-long waiting list for more.
High-Performance Star Bolts From BMW for Hyundai-Kia 
Albert Biermann is known as the development brains behind BMW’s coveted M-Series cars based on various BMW models, but with modified drivetrains and other changes to achieve high-powered performance.
Game of Inches for Small-Car Importers Eyeing Korea
Foreign automakers can import their small cars into Korea, but without city-car certification they must compete against homegrown models that meet the requirements and entice buyers with many government incentives.
Sibling Rivalry 
Officially they’re separate companies, but group Chairman Chung Mong-koo has Hyundai and Kia working closely in concert as he looks to maximize efficiencies and continue to move the two up the world rankings of biggest and best-loved brands.
Rogue May Be Light at End of Tunnel for Korea’s Samsung Motors 1
Launch of the Nissan CUV is helping Samsung better utilize its Busan assembly plant and push global sales up by double-digit rates.
Hyundai Motor Deal Validates Chung’s Gangnam Style 
Anger over the Hyundai chairman’s Gangnam real-estate splurge seemingly was outweighed by the more than $25,000 in higher wages and added bonuses for every fulltime worker. Analysts who were skeptical but not publicly critical of the Gangnam deal now are saying it was a brilliant, forward-thinking move.
Renault Samsung Union Caves on Wage Demands; Increase, Bonuses Modest 
Wages will increase only 65,000 won per month, but it is the first hike for workers at the hard-pressed company in the past two years. Unions also won special bonuses and a pledge to add more workers.
Hyundai Goes Gangnam Style With Plan for $10 Billion HQ, Theme Park 
The automaker appears to be back in expansion mode, with its planned Seoul complex and significant investment in additional capacity in China.
Renault Samsung Launches Flagship SM7 Nova 
The new model is loaded with features, including Nissan’s venerable VQ V-6, available as an option. Wi-Fi replaces Bluetooth, and use of magnesium in spots cuts the weight of the revamped sedan.
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