South Korea’s National Assembly is pressuring Hyundai and other family-controlled company groups to reorganize into regulated, transparent business organizations with greater shareholder control and responsibility.
Tesla has not been able to persuade the government to reconsider the uniqueness of its larger, longer-range EVs and the charging requirements for their high-capacity batteries. Subsidies instead are going to smaller EVs using slower chargers.
Analysts believe Audi VW Korea’s legal response to the false-advertising fine is only the tip of the iceberg. Co-CEO Marcus Hellman and his company’s lawyers also must defend several current and former executives against criminal indictments.
The “We Care” voucher campaign affects neither the current recall of 27,000 VW Tiguan models in Korea, nor future recalls that will be made to correct emissions-control or noise, vibration and harshness problems in 80 Audi and VW models.
Some analysts speculate China’s refusal to certify the LG Chem and Samsung SDI battery packs is a response to South Korea’s decision to deploy the U.S.-built Terminal High-Altitude Aerial Defense missile system to guard the country against attacks by China.
GM Korea President and CEO James Kim says the Korean government and industries must persuade the Trump Admin. to maintain the Korea-U.S. free-trade pact and develop ways to attract more investment from the U.S.
The automaker reported 2016 global sales of 257,345 vehicles, up 12% year-on-year, aided by the introduction of the homegrown QM6 midsize SUV, and contract production of the Nissan Rogue compact CUV for export to the U.S. and Canada.
CEO Dimitris Psillakis says the 200 billion-won investment is earmarked for construction of eight new sales outlets and seven new service centers across Korea, bringing the totals to 50 and 55, respectively.
WardsAuto editors are evaluating about 30 vehicles as part of the 2017 Wards 10 Best Interiors competition. Today's gallery focuses on the '17 Alfa Romeo Giulia, a 5-passenger luxury sport sedan with a sticker price of $50,490.