As Samsung Electronics is acquiring Harman International Industries, an American auto component supplier, for US$8 billion (9.34 trillion won), LG Electronics and Hyundai Motor are trying to remain calm. This is because LG Electronics has been working together to produce various products, such as pr
Hanwha Q Cells, the solar business unit of Korea’s Hanwha Group, has signed a 141 megawatt (MW) solar photovolataic module supply deal with Mahindra Susten Pvt. Ltd. (MSPL), a new renewable energy unit of India’s Mahindra Group.Under the agreement, Hanwha Q Cells will supply Hanwha SolarOne’s HSL72
According to industry sources, each of GM Korea, Renault Samsung Motors and Ssangyong Motors showed a positive year-on-year growth in terms of cumulative domestic sales in the first 10 months of this year. GM Korea is expected to rank third in the South Korean market at the end of this year followin
SsangYong Motor Company, part of the Mahindra Group, today announced on Nov. 1 that the company sold a total of 13,728 units in October 2016 – 9,450 units in domestic sales and 4,278 in exports.SsangYong’s October sales grew by 2.8% compared to the same month last year, exceeding 13,000 units in fiv
The era of Korean self-driving car has come. The South Korean government, such as the Ministry of Science, ICT & Future Planning (MSIP) and the Ministry of Land, Infrastructure and Transport (MOLIT), has allocated new telecom frequencies for autonomous cars and expanded its test bed sector to roads
SsangYong Motor Company, part of the Mahindra Group, announced on October 19 that for three cumulative quarters of this year from January to September 2016, the company has recorded sales of 111,683 units, revenue of 2.6279 trillion won (US$2.36 billion), operating profit of 20 billion won (US$18.0
Ssangyong Motors announced on Oct. 11 that it signed a letter of intent with Shaanxi Automobile Group in Xi’an, China, in order to set up a joint venture.According to the agreement, Ssangyong Motors is to conduct a feasibility study before the construction of its car manufacturing facilities in Chin
The Korea Automobile Manufacturers Association announced on October 9 that a total of 258,026 vehicles were manufactured in South Korea last month, down 22.7% from a year ago, and the number reached the lowest level in 11 years.This shrinkage can be attributed at least in part to strikes by workers
Ssangyong Motor Co., the South Korean unit of Indian automaker Mahindra & Mahindra, announced that it unveiled the LIV-2 SUV concept at the 2016 Paris Motor Show in France on September 29 (local time) for the first time in the world. The LIV-2 concept previews the Y400 model which is a flagship SUV
The traditional slow month of August, coupled with labor strike, saw domestic automakers’ domestic sales sharply drop.According to Hyundai Motor on August 1, their domestic sales slid 17.6% to 42,112 units from a year before. In particular, Hyundai Motor inked drops in sales of all kinds of passenge
The July auto sales in South Korea fell, though the figures marked an all-time high in the first half of the year. Market watchers also take a dimmer view of sales in the second half since automakers face many problems to solve, including strike, wage negotiation, owner risk as well as the end of th
SsangYong Motor Company, part of the Mahindra Group in South Korea, announced on Aug. 1 that the company sold a total of 12,784 units in July 2016 – 7,546 units in domestic sales and 5,238 in exports.SsangYong’s July sales surged by 8.2% over the same month last year thanks to an uptrend in exports
Ssangyong Motor, the sport utility vehicle maker owned by India’s Mahindra Group, has become the first Korean automaker to finalize this year’s wage bargaining. The company’s management and labor managed to finish the wage bargaining without a strike for the seventh consecutive year since 2010 for i
SsangYong Motor Company, part of the Mahindra Group, announced on July 2 that the company sold a total of 14,167 units in June – 9,750 units in domestic sales and 4,417 in exports including CKD kits.The company achieved its highest-ever monthly sales in June, up 14.5% from a year earlier, helped by
Ssangyong Motor announced on June 29 that it will push to expand global sales of Tivoli Air (XLV) by launching the model in the overseas market.The local auto maker recently held its launching and test-driving events for media in Köln and Wuerzburg, Germany. Earlier, in May this year, the automaker
Ssangyong New Zealand, the official Ssangyong Motor distributor in New Zealand, conducted a marketing campaign at the New Zealand National Agricultural Fieldays 2016, which was held at Mystery Creek Events Centre, Hamilton, New Zealand, for four days from June 15.This year’s event was the 48th year
Ssangyong Motor Co. announced on June 13 that it held a ceremony to celebrate the Tivoli achieving 100,000 units of production.The Tivoli, which was launched in January, ranked first in terms of sales in the sport utility vehicle (SUV) market. The brand passed 100,000 mark in 17 months, nine months
It has been found that five automakers in South Korea – Hyundai Motor Company, Kia Motors, GM Korea, Renault Samsung Motors and Ssangyong Motors – sold 145,815 cars in the domestic market and 616,166 cars abroad last month. The combined amount does not include their exports of semi-finished products
Korea Airports Corporation (KAC) is exporting its airport equipment patent technology to Equatorial Guinea in Africa. The company announced on May 19 that it will install build boarding bridges and baggage handling systems with using its patent technology at the passenger terminal building of Mongom
It has been found that South Korean automakers sold a total of 740,036 cars last month, down 7.23% from a year ago. In the domestic market, they recorded a sales volume of 139,617 to post a year-on-year increase of 4.24%. The domestic sales volume rose for the third consecutive month.Hyundai Motor C