There is not a single local or global debut from Buick, Cadillac or Chevrolet at the Beijing auto show whose 9-day run closes Wednesday. The only all-new entry on display is the Baojun 310 subcompact hatchback.
For the first quarter, 17,354 units of all Tivoli models, including the Tivoli Air (XLV and XLV Air in export markets) were sold globally, up 23.3% from like-2015. The Tivoli brand accounted for 48.4% of Ssangyong’s 33,666 worldwide LV sales in the quarter.
GM Korea contends ex-CEO Sergio Rocha never made a concrete promise to bring Impala production to the country if annual sales hit 10,000 units and, moreover, that total would be insufficient for a newly launched vehicle to generate a profit.
For the month, BHMC sold 100,549 vehicles, soaring 88.9% over the dismal February total of 53,226, when sales were down 17% year-on-year. Hyundai’s own China sales had fallen even further, backsliding 28% in January.
Hyundai Vice Chairman Chung Eui-Sun had been billed as a key presenter at the EV Expo, but changed plans to show Korean President Park Guen-hye how the all-electric Ioniq is produced at the automaker’s Asan plant.
Although Pawan Goenka, head of global auto operations for parent Mahindra & Mahindra, seems to favor China, CEO Choi Johng-sik says Ssangyong plans to enter the U.S. market when it launches the SIV-2, a B-segment CUV.
The project is anchored by the 105-story Hyundai Tower housing Hyundai Motor, Kia Motor, Hyundai Mobis and principal affiliated companies’ key business operations. Connected to the tower will be a 40-story, 265-room superluxury hotel and office complex.
Last year, Hyundai was the first automaker in the world to sell a vehicle powered by a hydrogen fuel cell. Hyundai Vice Chairman Woong-chul Yang makes it clear the automaker plans to be a trailblazer in hybrids as well as fuel cells....More
A massive increase in Defender thefts has followed JLR’s January termination of the all-wheel-drive workhorse’s 67-year production run. Rural insurer NFU Mutual says more than 500 Defenders were stolen across the U.K. last year....More