Hyundai Motor Co., Korea’s leading automaker, said Tuesday that its September sales jumped 14.1 percent from a year earlier, fueled by strong overseas demand for its vehicles. The carmaker said it sold a total of 359,560 vehicles last month, with overseas sales soaring 17.4 percent on-year to 303,307 units. The increase, however, was offset by a 1.1 percent dip in domestic sales, which reached ...

South Korean imports of U.S. beef increased sixfold over the past four years, raising alarms for the domestic livestock industry, a lawmaker said Sunday. The volume of U.S. beef imports rose from 14,112 tons in 2007 to 84,821 tons last year, according to Rep. Kwon Kyung-seok of the ruling Grand National Party, who cited data from the Korea Customs Service. The total amount of U.S. meat imports,...

GM Chevrolet’s new model, the Malibu, will debut in Korea on Tuesday, GM Korea officials said Monday. A live stream for the launch will be available online, they added. The introduction of the Malibu comes six months after the company’s announcement that the new model will go into production at the Bupyeong complex’s plants. Korea is the first among 100 countries where the new model is to be ma...

Volkswagen AG, General Motors Co. and Ford Motor Co. led the first increase in European car sales in four months, helped by new models ordered earlier this year. Registrations rose 7.8 percent to 787,435 vehicles from 730,646 units a year earlier, the Brussels-based European Automobile Manufacturers Association said today in a statement. That narrowed the eight-month sales decline to 1.1 percent...

Daimler AG’s Mercedes-Benz, seeking to become the top-selling luxury brand in the U.S., added a two-door compact C-Class to its lineup to attract younger buyers from Bayerische Motoren Werke AG’s BMW. The C-Class coupe, which arrived at dealerships this month, may boost sales of the nameplate by as much as 20 percent going forward, Ernst Lieb, head of U.S. operations for Mercedes, said last week...

Hyundai Motor and Kia Motors are about to see their yearly combined exports exceed 2 million units for the first time in 2011. In particular, the Korean won’s recent depreciation against major currencies such as the dollar and the yen will likely be a favorable factor for the automakers’ coming exports in terms of price competitiveness. According to the Korea Automobile Manufacturers Associatio...

Hyundai Motor and its affiliate Kia Motors have been successful in expanding their market share in China, taking 9.7 percent of the market between January and August. The companies, ranked third in the Chinese market, have the short-term goal of overtaking General Motors which posted an 11.2 percent market share during the same period. According to data held by automobile manufacturers in China...