Facelifted 2010 Kia Optima Revealed
24 Aug 2009, 13:26 UTC · By: Bogdan Popa / Kia recently debuted model year 2010 Optima in South Korea, a slightly facelifted model that comes with a bunch of minor improvements over the current model. The news might surprise some of you, esp...
Wanted: SsangYong Investors
12 Aug 2009, 12:36 UTC · By: Bogdan Popa / The war has ended but the suffering continues for SsangYong, who's now seeking new investors that could keep the company on the floating line. News that the government will not provide direct a...
South Korean Government Aids Ssangyong in Finding Investors
11 Aug 2009, 15:08 UTC · By: Alexandru Radu Chis / After the recent strike that spanned 77 days, the South Korean car maker resumed production today. Ssangyong is still in a difficult financial situation and tries to find investors as soon as possib...
Police Arrest Violent SsangYong Workers
10 Aug 2009, 13:07 UTC · By: Bogdan Popa / Even if the civil war at SsangYong's plant in Pyeongtaek finally came to an end last week, the police - workers standoff continues in South Korea. But this time in a less violent manner. Police...
Hyundai Says Third Chinese Plant Still in Doubt
5 Aug 2009, 07:49 UTC · By: Bogdan Popa / Following reports that the company is now planning to build a third plant in China to cope with growing demand, Hyundai today denied rumors, saying that no decision has been made until now. However,...
Kia and Hyundai Offer Incentives to Fired Employees
3 Aug 2009, 11:12 UTC · By: Bogdan Popa / Kia and Hyundai are trying a different approach in South Korea, a country which now faces gloomy predictions when it comes to new car sales in the upcoming months. The government recently shut down ...
Hyundai Releases Q2 Results
23 Jul 2009, 14:47 UTC · By: Alexandru Radu Chis / In the second quarter of 2009, the South Korean car maker registered a personal record for this time period, reporting a net profit increased by 48 percent to 811.8 bn won ($648.4 million). In the c...
New Fabris May Still Blow Up
23 Jul 2009, 09:24 UTC · By: Daniel Patrascu / After the initial threat to blow up their former place of employment was tackled by the French government's good will and willingness to sit down and talk, the 366 New Fabris workers seem to ha...
Hyundai Starts Selling the Elantra LPI Hybrid
8 Jul 2009, 11:03 UTC · By: Alexandru Radu Chis / The South Korean car manufacturer responded to the market's growing demand for fuel efficient vehicles by releasing its first production hybrid car. The Elantra LPI is a hybrid model that uses ...
SsangYong Civil War: Violent Clashes, Firebombs, 80 People Injured
1 Jul 2009, 09:48 UTC · By: Bogdan Popa / Things are getting out of control at SsangYong's plant in Pyongtaek, South Korea where more than 900 armed workers - please note, ARMED - forced the entrance in the facility. Although it mi...
GM's Daewoo Calls for Financial Aid
12 Feb 2009, 15:31 UTC · By: Bogdan Popa / With the recession still making victims among global automakers, more and more companies decide to ask for support from their local governments, explaining that financial aid is absolutely mandatory...
Ssangyong Might Be Hit By Strike, Fears Liquidation
13 Jan 2009, 12:01 UTC · By: Madalina Iancu / Even if SAIC struggles to save Ssangyong from bankruptcy, its efforts don't seem to be enough to be appreciated by the South Korean workers. According to Reuters, Ssangyong union workers hav...