SEOUL, May 26 (Korea Bizwire) – Volkswagen Group Korea has embraced its role as a corporate citizen by establishing a nonprofit foundation to commemorate two decades in the South Korean auto market. On May 23, the company, led by President and CEO Till Scheer, announced the launch of the Volkswagen Group WE: Foundation, a philanthropic [...]
SEOUL, Nov. 15 (Korea Bizwire) — Mercedes-Benz Korea and three other car companies will recall over 10,000 vehicles due to defective components, the transportation ministry said Wednesday. The companies, which also include BMW Group Korea, Volkswagen Group Korea and domestic electrified van manufacturer Jeis Mobility, are voluntarily recalling a total of 10,981 units of 20 [...]
SEOUL, Aug. 9 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it has received an order from Volkswagen AG to supply a core electric vehicle component for the German carmaker’s EV platform. In the “large-scale” supply deal, Hyundai Mobis will supply battery supply assembly (BSA) parts to Volkswagen, which [...]
SEOUL, July 26 (Korea Bizwire) — South Korean owners of Volkswagen vehicles have faced disappointment in their lawsuit filed for compensation over the local unit of German carmaker’s manipulation of emissions documents, which resulted in the revocation of emissions certifications. The Seoul Central District Court ruled in favor of Volkswagen Group Korea and a Volkswagen [...]
SEOUL, Feb. 1 (Korea Bizwire) — The South Korean unit of German carmaking giant Volkswagen AG has put a stop to all new car sales, igniting consumer complaints. According to industry sources, Volkswagen Korea asked dealers to temporarily suspend the release of all types of its cars last week without informing them of the reason. [...]
SEOUL, Sept. 29 (Korea Bizwire) — Criticism is mounting over Volkswagen Korea, which is allegedly delivering its brand-new model faster to customers who obtain financing from its auto finance service with an annual interest rate of more than 7 percent. According to industry sources, Volkswagen Korea’s official dealers are informing customers who make reservations for [...]
SEOUL, Sept. 15 (Korea Bizwire) — Volkswagen Korea on Thursday launched the all-electric ID.4 SUV in its first debut outside of Europe, as it sees South Korea “essential” for its e-mobility business. Volkswagen Korea said it will gradually expand its electric vehicle lineup, as South Korea is one of the fastest-growing and pioneering EV countries. [...]
SEOUL, March 31 (Korea Bizwire) — Volkswagen Group Korea said Thursday it will launch a total of 22 new and upgraded models under its four brands this year to boost sales amid the prolonged COVID-19 pandemic. The 22 models include the Volkswagen ID.4 all-electric SUV, the Audi A3 compact and Q4 e-tron, and several new [...]
Umicore and Volkswagen AG plan to establish a joint venture to build up precursor and cathode material production capacities in Europe to supply Volkswagen AG’s European battery cell production, making a considerable contribution to the region’s transition towards cleaner mobility. This partnership will be the first of its kind in the European automotive market. It [...]
SEOUL, July 22 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Thursday it recently began supplying tires for Volkswagen’s all-electric ID.4 SUV this year. Hankook Tire has provided the high-performance Ventus S1 evo3 ev tires for the ID.4 model since the second quarter of the year, the company [...]