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.
Johannes Thammer, CEO of Audi VW Korea; former CEO Trevor Hill; and former VW Korea CEO Park Dong-hoon face criminal charges for their alleged roles in selling rigged vehicles in Korea between 2011 and 2013 and allegedly falsifying test data used to obtain compliance certification for emissions and NVH levels.
Dealership manager Woo Young Kwan says the electronic display is bringing people inside where they can ask sales representatives about the vehicles they have studied in the holograms, and view the actual ones that are on the floor.
Kia predicts the new Morning version of the Picanto will win back Korea’s city-car crown from GM Korea’s New Spark, which ranks fifth among the country’s 10 best-selling passenger vehicles. The current-generation Morning is No.7.
GM announced in June it would begin exporting the all-new, Mexican-made Cruze hatchback, while production of the Cruze sedan will continue at Lordstown, OH. The Gunsan factory is building the new-generation Cruze for the Korean domestic market and selected export markets.
The Malibu accounted for 24% of GM Korea’s domestic sales in November with 4,149 units sold, up 389% over just 848 in like-2015, and helped GM Korea set a record with 17,236 total deliveries, up 51% year-over-year.
Exports to Europe have picked up since the automaker expanded into Denmark, Sweden and Norway, resumed shipments to Russia that had been frozen in January and began penetrating Middle Eastern markets including Iran and Egypt.
Industry sources say Kia has lost production of 64,000 vehicles valued at 2.1 trillion won. Hyundai, which has double the production capacity of Kia in Korea, lost almost exactly twice as many builds: 130,000 vehicles valued at 3.1 trillion won.
“The voluntary pay cut is effective this month for an unspecified duration,” a spokesman tells WardsAuto. Participating are executives at Hyundai Motor, Kia Motors and more than 50 major affiliated companies within the Hyundai Group.
GM Korea President and CEO James Kim says Korean customers had expected the Bolt to be offered locally, although a spokesman for the automaker earlier this week said GM only was “studying” whether to offer the EV there.
For the 23rd year in a row, top powertrain engineers from around the world gathered to celebrate the winners of the Wards 10 Best Engines competition. Trophies were awarded at a ceremony in Detroit during the North American International Auto Show.
We call out vehicles with problematic fit-and-finish, materials, ergonomics or unfortunate design choices. Each of these items resulted in points deducted as WardsAuto editors selected the 2016 Wards 10 Best Interiors.