Vince Courtenay


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

Hyundai Readying Launch of Nexo Fuel-Cell Vehicles
A Hyundai spokesman tells WardsAuto the automaker has targeted 2018 global sales of 3,000 Nexo fuel-cell electric vehicles, more than 12 times the number of Tucson FCEVs sold worldwide last year.
Korean President Rides In, Praises Hyundai’s Nexo AV
Korean President Moon Jae-in says he had been concerned Korea might be behind other nations in developing eco-friendly vehicles, but a ride in the autonomous Nexo hydrogen-electric vehicle showed him otherwise.
GM Korea Sales in Tailspin; No New Models for Plants
No new products for its plants are forthcoming, and industry-watchers see that as a red flag indicating the parent company’s lack of confidence in GM Korea’s sustainability.
GM Korea Vies for Domestic EV Leadership With Bolt
Analysts note 5,000 units is a bold target for GM Korea, considering only 13,724 EVs of all types were sold in Korea in all of 2017.
Hyundai Workers OK Wage Pact; Tentative Deal at Kia
Strikes during 2017 reportedly caused Hyundai to suffer production losses of some 77,000 vehicles valued at 1.62 trillion won in revenue. But the automaker says output of the Kona subcompact CUV, a key new product, has not been affected.
Hyundai, Workers Union Reach Second Wage Deal
Despite the agreement being reached during the day shift, workers on the afternoon shift walked off the job for an additional six hours. The tentative agreement will go to union members for a ratification vote Jan. 15.
GM Korea Union Accepts New Wage; Hyundai, Kia Still in Limbo
A tentative agreement had been reached in the 25th round of negotiations Dec. 30. The company did not report production losses caused by a series of partial strikes that occurred last year.
Hyundai Workers Back on Job But Threaten Strike
The president of the Korea Metal Workers Union’s Hyundai branch issued a statement saying the company has not offered a wage package better than the one the union rejected in late December and said partial strikes would resume beginning Thursday.
Hyundai Workers in Korea to Vote on Contract Offer
Hyundai is under duress of strike action at a time when it has a vital new model, the Kona compact CUV being introduced in the U.S. and Europe, and is suffering huge sales drops in China.
Korean Automakers Endure Stormy Labor Relations
If the union wins the same wage increase from GM Korea as it seeks from Hyundai and Kia, analysts believe, it will push GM’s strategic planners to look for ways to cut the money-losing, strike-prone subsidiary loose from the parent company’s portfolio.
Opel Import Cutbacks Latest Dilemma for GM Korea
On learning of Opel’s plan to drastically cut imports, leaders of the GM Korea branch of the Korean Metal Workers Union went to news media encouraging them to write articles demanding the company pledge to not cut production volumes.
Local Leaders Rally Support for Embattled GM Korea
To many, the outpouring of support for the U.S.-owned company is reminiscent of the Korean economic crisis of the late 1990s, when citizens donated family gold jewelry and other precious metals to help refill their nation’s empty coffers.
Korea’s No.4 Automaker Ssangyong Eyeing U.S. Market
Ssangyong Chairman Pawan Goenka is quoted as saying that once the board approves the investment plan it will take 3½ years to enter the U.S. market. That would occur in 2020, when Ssangyong plans to unveil an all-electric SUV, or 2021.
GM Korea Chief Mum on Embattled Automaker’s Future
GM Korea President Kaher Kazem’s failing to directly respond to specific questions about a possible pullout has only intensified speculation that GM indeed may decide to withdraw its operations if analysis indicates recovery is not possible, some analysts believe.
Ssangyong Abandons Plans for China Joint Venture
A Ssangyong spokesman says changes in laws governing foreign automakers’ investments and pending environmental regulations are factors, as is the impact of China’s ongoing boycott of Korean-made products and services.

Jan 18, 2018

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More


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