Mercedes-Benz Korea, the local unit of the luxury car division of Daimler AG, has introduced the second-generation of its passenger vehicle, the CLS 63 AMG, in Korea. The new CLS 63 AMG comes with a new V8 5.5-liter biturbo engine that is smaller than the 6.2-liter engine in the previous version, but generates more horsepower and torque while consuming less gasoline. The new engine produces a m...

Renault Samsung Motors on Sunday unveiled its updated QM5 crossover utility vehicle that aims to enhance the carmaker’s image as a quality manufacturer of upper-end cars. The new QM5 is a makeover of the existing vehicle with streamlined exterior lines, rearranged headlamps and a radiator grille that gives it a more “urban” style that could be more attractive to Korean consumers. The company, w...

Portion of small vehicles continues to drop in American sales over a decade Hyundai Motor had been regarded as a minor player in the United States and had focused on finding a niche. Its main target was the small-sized vehicle market. Hyundai Motor and its affiliate Kia Motors saw small vehicles account for more than half in their North American sales in 2001. But the portion of small cars in ...

SINGAPORE (AFP) ― BlackBerry maker Research in Motion is banking on Indonesia and other populous markets for growth in Asia, while it faces intensifying competition worldwide from rivals like the iPhone. The Canadian firm had one of the most prominent stands at the CommunicAsia telecom fair that ended Friday in Singapore, where industry executives gather annually to check out new technology and ...

Firms met regularly to fix cheese prices, antitrust watchdog says The nation’s four major dairy companies were fined a combined 10.6 billion won ($9.8 million) for fixing prices of their cheese products, the antitrust agency said on Sunday. Seoul Milk, Maeil Dairies Co., Namyang Dairy Products Co. and Dongwon Dairy Foods were subject to the penalties, the Fair Trade Commission said. Seoul Milk...

The European Union Chamber of Commerce in Korea is turning up the heat on the Korean government to reduce non-tariff barriers and modify regulations to align them with international standards. On Friday, a week ahead of the tentative implementation of the Korea-EU free trade agreement, the EUCCK published a report outlining non-tariff issues regarding access to the Korean market in 20 categories...