Vince Courtenay

Vince
Courtenay
Correspondent,
WardsAuto

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

Articles
Audi VW Korea Asks for Leniency in Dieselgate Case
Audi VW Korea Managing Director Johannes Thammer and Vice President and Executive Director Jung Jae-kyum admit mistakes had been made in documenting emissions and NVH certification test results, the vehicles still met Korean standards.
Kia Workers Join Hyundai Counterparts in Partial Strike 1
Negotiators representing 48,000 Hyundai workers held a 14th bargaining session with management Thursday, but the talks broke off after two hours. Both sides say they are far apart on most of their respective demands.
Hyundai Says 1,700 Units Lost on Strike’s First Day
The Hyundai Motor Branch of the Korean Metal Workers Union’s demands include a 7.2% wage increase, bonuses equivalent to 30% of each union member’s net 2015 income and reinstatement of all laid-off workers.
Hyundai Workers Approve Strike Action
The Hyundai Branch of the Korean Metal Workers Union plans to conduct targeted walkouts during a 4-day period beginning July 19.
Tesla Quickly Could Dominate Korea’s Tiny EV Market
Tesla could become Korea’s top seller of all-electric vehicles almost overnight, because the market is minuscule. According to the Korean Automobile Manufacturers Assn., only 1,183 all-electric vehicles were sold in the country in 2014.
Former VW Korea Chief Labeled ‛Suspect’ in Emissions Scandal
The scandal has taken its toll on VW-brand sales. Once challenging BMW for the top importer spot, VW has seen deliveries plunge 33% so far in 2016.
Hyundai’s Union Threatens Walkout 1
Some of the union demands include a 152,000 won average monthly wage increase and the perennial request for distributing 30% of the previous year’s net profits among the workers as bonuses.
VW Faces Pressure to Match U.S. Dieselgate Payout in Korea
Prosecutors are aggressively pursuing criminal action while VW and Audi vehicle owners continue to push for a big cash settlement.
Korea’s RSM Not Bringing Spain-Built QM3 Output Home
CEO Park Dong-hoon confirms the automaker will continue importing the vehicle into its home market, saying “If the QM3 is produced in Korea, its price will be higher due to expensive labor costs.”
Hyundai Not Tooting Horn Over Hot-Selling Porter
Hyundai does not offer an explanation for the Porter’s popularity in Korea. Some pundits speculate a poor economy has led many entrepreneurs to go into the street-vending or delivery business, thus boosting demand for lightweight pickups.
GM Korea Flexing New Muscle With Camaro SS
Some 300 pre-orders for the new Camaro SS have been received in just two weeks in Korea, says GM’s local affiliate. Total sales of the Camaro RS V-6 it replaces last year numbered a mere 48.
Kia Mexico Moves Forward Despite Hardball Stance by Trump-Like ‛El Bronco’ 3
Kia refuses to discuss the details, but government officials in Nuevo Leon say Kia agreed to increase purchases from local Mexican suppliers, accept a reduction in the previous 20-year tax exemption to a 95% exemption for five years and let the state off the hook for paying for electricity and water.
Korean President Park’s Trip to France Boost for Fuel-Cell Vehicles
Twenty MOUs are signed between the South Korean and French governments during Park’s state visit, calling for technological cooperation in such areas as renewable clean energy and autonomous vehicles.
Kia Compact, Hyundai City Car Fail ASEAN Crash Tests
Both the Kia Morning and Hyundai Eon lacked airbags and received zero stars for adult-occupant protection. The Morning scored 1.48 points and Eon none of a possible 16. For child-occupant protection, both models achieved 1-star ratings.
Ssangyong Cops SUV Deal With Peru’s National Police
Executive Director Young-han Song says the Rexton W scored the highest in the competition for durability and safety. He notes it Ssangyong’s largest single fleet sale to a foreign government.
Insights

Jul 26, 2016
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WardsAuto 2016 Dealer F&I 150 (PDF)

U.S. top 150 dealerships ranked by F&l revenue for 2016. Includes dealership name, owner, city, state, new vehicle units, used vehicle units, total revenue, and finance and insurance revenue....More

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