NSP NEWS

Ssangyong Motors has opened a new era in the automobile industry labor relations by settling no-strike agreements for 8 consecutive years since 2010.

Ministry of land, Infrastructure and Transport(MOLIT) announced Monday that a public hearing on the defects of Hyundai Motors(005380) and Kia Motors was made under Administrative Procedures Act and it is considering a comprehensive review currently .

SK Lubricants (CEO: Ki-hwa LEE) released new automatic transmission oil, 'ZIC ATF Multi.' ATF (Automatic Transmission Fluid) is a lubricant for an automatic transmission in automobile which is typically called as 'Mission Oil.' As befits its name 'multi', ZIC ATF Multi meets specifications of 40 kinds of automatic transmissions from the lower-priced automobile with four to five transmission to higher-priced automobile with six to eight transmission.

Hyundai Motors got 1342.4 billion won business profit, 15.5% lower than 1588 billion won same time last year.

Attorney Jongseon Ha, from a law firm named Barun, implied that he may sue Volkswagen for new small EA288 engine which is equipped in Audi.

Hyundai-Kia Automotive Group acquired an autonomous driving license on the highways in Nevada state, USA.

A rendering image of Kia Motor’s new K7 was unveiled for the first time in the world on November 12.

BMW Korea made an apology to its customers for causing great concern, after four BMW vehicles caught in fire over the past few weeks.

Attorney Seonjong Ha from a law firm named Barun said, “the number of litigants regarding ‘cancelation the contract and demand a refund due to Volkswagen and Audi vehicles exhaust gas fabrication fraud’ against Volkswagen AG, Audi AG, Audi-Volkswagen-Korea, domestic selling agencies reached 1536 on last 6.

KAIDA, the Korea Automobile Importers & Distributors Association, announced that the number of newly registered import cars has marked 18,200 in August 2015.