Vince Courtenay


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

Hyundai, Kia Working to Stanch Bleeding in Russia
Some analysts attribute Hyundai’s and Kia’s success to having the right products in the right place, with beneficial synergies and economies accruing from their interconnected affiliated companies.
Incentives Designed to Jump-Start Korean EV Market
Incentives for 3,090 EVs are available this year. When added to the 3,014 EVs registered nationwide at the end of 2014, plus the 10,000 proposed new incentives, the government calculates more than 16,000 EVs will be on Korean roads by the end of 2016.
Super-Luxury Automakers Follow the Money in Korea 
Many of Korea’s millionaires are just a generation or two removed from the days when their families lived humbly, so the supercars are one way to make a show of their elevated socioeconomic status.
China Strong-Arms Hyundai Into Building Fifth Plant
Hyundai Vice Chairman Chung Eui-sun said at the Cangzhou plant’s groundbreaking only that it would help increase the Beijing Hyundai Motor joint venture’s sales. He could not publicly say it was a plant Hyundai did not want to build.
Future Kias Could Carry Novo Concept’s Design DNA 
Kia assures the interior of the new concept will provide drivers and passengers with a “sanctuary from the frenzied world.”
Muscular Motorcycles Inspire Hyundai Enduro Concept 
Naming the design concept after the Enduro class of off-road racing motorcycles may seem like a reach, but Hyundai designers and engineers think the theme of rugged versatility is appropriate.
Kia Unveils All-New ’16 Optima in New York, Seoul
Styling strikes a tricky balance in presenting something new and fresh, yet recognizable as the replacement for Kia’s best-selling U.S. vehicle.
Mexico Plant Aims to Raise Kia’s Americas Profile 
Plans for the 300,000-unit-capacity facility call for growing market penetration in Mexico, exporting vehicles to markets in Central America and supporting Kia and Hyundai operations in the U.S. through exports.
Tivoli Key Piece of Ssangyong’s Turnaround Plan  1
The CUV, launched in January, is off to a solid start in Korea, despite limited availability as production ramps up. Sales accounted for 30% of the automaker’s global volume in February.
Upcoming Kia Optima Influenced by Sportspace Concept
The front end of the Optima includes the tiger nose grille opening and double cube quad headlamps shown on the Sportspace. Also similar are the side panels, attractively sculpted from fender well to fender well, and the rear end.
Lavish Rebates Fail to Jump-Start Korean EV Market 
The Korean government shares the industry’s expectations of a growing EV market despite falling far short previously. Last year’s 1,183 sales amounted to a minuscule 1.9% of the projected 60,000.
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.
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