Tag Archives: korea

Auto Workers Strike at Hyundai Motors, Kia Motor and GM

Auto workers at Hyundai Motors, Kia Motor, General Motors (GM), shipyard workers at Hyundai Heavy Industries, Daewoo Shipbuilding and Marine, and auto parts workers at Hyundai Mobis and other major components workers went on strike for four hours or more. Continue reading

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General Motors to Build New Chevrolet Malibu in Korea

Korea ranks at the very bottom — 30 out of 30 among the largest automotive markets — for auto import market access. The average among major developed economies is approximately 40% market penetration by imported automobiles, but in 2006 in Korea, the total of import vehicles from all global manufacturers in all countries entering the Korean market was around 3.6%. This is about 40,000 vehicles in a market that buys roughly one million vehicles annually. Continue reading

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Korean Hyundai Motor Profit up 46% in Q1

Hyundai Motor Company said today in a regulatory filing that profits jumped 46% in Q1 as sales were up 21% to 18.23 trillion Korean Won on a consolidated basis. South Korea’s largest automaker benefited from strong sales in China, Europe and the U.S., as competing Japanese automakers struggled with production disruptions because of the Japan earthquake. Continue reading

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Chevrolet Miray Voted Best Concept at Seoul Motor Show

The Chevrolet Miray was named Best Concept Car at the 2011 Seoul Motor Show. Journalists attending the show voted their favorite cars in three categories: Best Concept Car, Best Green Car and Best Passenger Car. The Miray, which made its world premiere in Seoul, received the most votes among concept cars on display.

The Miray roadster is significant because it was developed at the General Motors Advanced Design Studio in Seoul, increasingly the source of small car work for the U.S. based and taxpayer owned GM. Continue reading

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Chevrolet Miray Hybrid Electric Debuts at Seoul Motor Show

Chevrolet introduced the Miray concept hybrid electric vehicle at the 2011 Seoul Motor Show today. The roadster is significant because it was developed at the General Motors Advanced Design Studio in Seoul, increasingly the source of small car work for … Continue reading

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