Car Manufacturing Sales Drop

Highlights:

• Global chip shortages continue to affect car production.

The worst chip shortage in decades is experienced currently all around the world. These Semiconductor chips are used in everything: smartphones, smart fridges, computers, and ...

S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL

Highlights –

• S. Korea’s automobile exports rose to 53% in April.
• In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
• Hyundai Motor Co. saw its exports jump 40.3 percent in April.
• SsangY...

S. KOREAN COLLECTIVE CARMAKER’S SALES ON SUVs ROSE 4.8 PERCENT IN JANUARY 2021

Highlights –

• S. Korean collective carmaker’s sales on SUVs rose 4.8 percent in January 2021.
• The data is by Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp., and SsangYong Motor Co.
• Domestic sales of the ...

EARLY RETIREMENT FOR UP TO 600 WORKERS AT MITSUBISHI MOTORS CORP.

Highlights –

• Early retirement for up to 600 workers at Mitsubishi Motors Corp.
• The automaking company is considering the process to start from mid-November.
• The move comes as a part of the company’s restructuring plan.

KUMHO TIRES BUILDS CREDIBILITY AS PREMIER TIRE SUPPLIER FOR COMPACT SUVS

• Kumho Tire has reaffirmed its # 1 spot in domestic sales by supplying tires for new small sport utility vehicles (SUV’s), the tire maker said Tuesday.
• Currently, small SUVs are currently in the limelight in South Korea’s auto market with their reasonable price tag a...

New Nissan CEO pledges profitability repair and no capital ties with Renault

Makoto Uchida, the new Nissan CEO said that though Nissan Motor Co is involved in commitment of automaking alliance with French automaker, Renault SA, the future will not see the company looking to deepen its ties. New CEO explained on Monday. The first day of the new chief executive had him expl...

Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. Move to Reestablish Position

Nissan Motor Co., Renault SA, and Mitsubishi Motors Corp., auto-making partners, intend to assign a general secretary to keep a check on approaching ventures and aid in re-establishing their position following the removal and arrest of Carlos Ghosn, founder of the alliance.

On Friday, t...