Hyundai-Kia Automotive Group has set their global sales target at 7.6 million units this year, slightly higher than that of last year. As uncertainties such as global trade disputes persist, the automotive group set its sales goal as conservatively as possible, hoping for an earnings improvement com
SsangYong Motor Co., part of Mahindra Group of India, announced on Jan. 2 that it sold a total of 143,309 vehicles in 2018 – 109,140 units in domestic sales and 34,169 in exports including CKD kits.In 2018, SsangYong showed a similar sales performance to 2017, recording a growth for nine consecutive
The Korean auto industry is in shock from the scheduled implementation of a new minimum wage system. If weekly holidays are included as working hours when calculating the minimum wage, the burden of wage increases on five South Korean automakers is estimated at 700 billion won (US$626.68 million) a
Ssangyong Engineering & Construction has landed an underground highway construction project worth US$750 million (850 billion won) from Singapore.The Korea-based global builder announced on Dec. 26 that it has been chosen to build the N102 and N111 sections of the North South Corridor (NSC) promoted
SsangYong Motor announced on Dec. 21 that the G4 Rexton, the company’s new flagship sports utility vehicle (SUV), has been selected as the ‘Premium SUV of the Year’ in India.The selection was made by the world-renowned auto magazine Autocar. An award ceremony was held in Mumbai, India on Dec. 19 (lo
SsangYong Motor announced on Dec. 12 that it signed a memorandum of understanding with SK Telecom and the global map service company Here to develop a high-definition (HD) map for self-driving vehicles.The MOU was signed on Dec. 11 by Lee Tae-won, head of SsangYong Technology Research Institute, Par
SsangYong Motor Co. has launched its first direct overseas sales company in Australia, announcing a new start to expand global sales, the company announced on Dec. 5.SsangYong Motor held a brand launching ceremony on Nov. 29 and 30 (local time) at the Crown Metropol Hotel in Melbourne, Australia, at
Renault Samsung will stop production of the Nissan Rogue at its Busan plant in September 2019 with the expiration of its contract with Nissan, industry analysts said on Nov. 30.Renault Samsung has been producing the Rogue, a popular sports utility vehicle, for Nissan since August 2014. It is the mod
SsangYong Motor is set to launch its flagship models, including the Rexton Sports, in the Australian market.To penetrate the Australian market, the carmaker will set up a subsidiary in Australia, its first overseas sales corporation, in December, the company said on Nov. 28.SsangYong plans to expand
Korean automakers’ domestic sales increased in October, brightening their prospect of attaining annual sales goals.The aggregate domestic sales of the five Korean automakers, including Hyundai Motor, Kia Motors, GM Korea, Ssangyong and Renault Samsung, totaled 139,957 units in October, up 23.60% fro
SsangYong Motor Co., part of the Mahindra Group, announced on Nov. 1 that it sold a total of 13,424 vehicles in October 2018 – 10,082 units in domestic sales and 3,342 in exports including CKD kits.SsangYong achieved the best monthly sales this year in October with an increase of 24.9 percenter over
As Korea's finished car producers are suffering from a deepening slump in business performance, the Korean automobile industry as a whole is undergoing an unprecedented crisis.Concerns about the industry are growing as the domestic automobile industry is vertically integrated. In this system, th
SsangYong Motor Co. said on Oct. 19 that it placed first in a recent British car brand satisfaction survey.SsangYong ranked No. 1 in the Honest John Satisfaction Index 2018 with a score of 90.3. Honest John is a British online auto website. SsangYong is the only brand that exceeded 90 points in the
Renault Samsung Motors is suffering from a double whammy of sluggish sales and labor strikes this year. Both domestic sales and exports are backpedaling, deepening its financial difficulties.Renault Samsung sold a total of 101,683 units in the first eight months of this year, down 8.3 percent from t
SsangYong Motor Company, part of India's Mahindra Group, announced on Oct. 1 that it sold a total of 10,799 units in September 2018 – 7,689 units in domestic sales and 3,110 in exports including CKD kits.SsangYong’s sales in September 2018 fell 18 percent over September 2017. The company witness
South Korean automakers will highly likely reach their annual sales targets this year. In the Korean car market, sales have been recovering in the second half due to the effects of a cut in the individual consumption tax. Exports have been also improving thanks to the effects of new models despite b
Oxley Tower to be located in KLCC, MalaysiaSsangyong Engineering & Construction has won new contracts worth a total of 420 billion won in Malaysia and Dubai. The project in Malaysia is to build the Oxley Tower and that in Dubai is to build a new Andaz hotel.The Oxley Tower, 339 meters in height, is
Korean automakers are raking their brains to cope with the emerging trend of shunning diesel SUVs, which have been their mainstays for years. Kia Motors and Ssangyong Motor are expected to respond to the market change by offering environment-friendly cars such as hybrid and electric SUVs.According t
The Hyundai Motor Group showed a sales growth of 9.2% last month, with domestic sales growing 7.4% and exports 9.5%. The company's performance was outstanding compared with other domestic automakers. SsangYong Motor and Renault Samsung Motors posted an increase in domestic sales but their export
South Korean construction companies Daewoo Engineering & Construction and Ssangyong Engineering & Construction announced on Sept. 3 that they have signed a formal contract to build Woodlands Health Campus (WHC) hospital in Singapore for US$700 million (782.2 billion won).The WHC project consigned by