bosch, south korea

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News and Information about bosch and south korea

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You also might be interested: denso, continental, bosch, south korea, kia, kia sorento, facelift, bmw, bmw 5-series, auction, rolls-royce, rolls-royce ghost, rolls-royce wraith, special edition, tesla

Denso, Continental and Bosch fined KRW114.6bn for price fixing in South Korea

South Korea's Fair Trade Commission has fined the local units of Denso Corp., Continental AG and Bosch around KRW114.6 billion ($107.99 million) for their role in fixing prices of components sold to Hyundai Motor Co. The fine comes as their counterparts in the United States, Europe and Japan continue their crackdown on price collusion among auto parts makers.

The covered parts include those for air-conditioning systems, seat belts, windshield wipers, radiators, power window motors and power steering. The Fair Trade Commission remarked that the units of Denso, Continental and Bosch had rigged prices of instrument panels and wipers sold to Hyundai and affiliate Kia Motors. Affected vehicles include Hyundai's Sonata, Elantra and Kia's Pride and Carnival.

Denso, a South Korean unit, and a Continental unit were found involved in price-fixing of instrument panels from January 2008 to March 2012 that were installed on 11 million Hyundai and Kia vehicles. Denso and another Korean unit and that of Bosch were found to have colluded on the prices of wipers between August 2008 and February 2009.

Read the entire article Denso, Continental and Bosch fined KRW114.6bn for price fixing in South Korea

Kia reveals mid-cycle facelift for 2018 Sorento in South Korea

Kia’s Sorento midsize sports utility vehicle is reaching its mid-cycle for the 2018 model year. Thus, its fans, enthusiasts and satisfied customers are expecting the Sorento to receive an update not just in looks, but also in technologies. Now, the 2018 Kia Sorento Facelift is arriving in Kia’s home market South Korea, and it is pretty appealing with its more upscale appearance.

Honestly, the mid-cycle cycle refresh for the third generation of the Sorento SUV features changes that are not so drastic, which means people wouldn’t be able recognize to them right away. These subtle changes include wider chrome fins for the Sorento’s tiger nose grille, making it look more glamorous. The headlights that flanked this tiger nose grille have also been revised for the 2018 model year and they now employ full LED (light emitting diode) technology. These LED headlamps are joined by daytime running lights that also make use of LED units.

In addition, the new 2018 Kia Sorento comes with some tweaks to the front bumper. For instance, the bottom of the retouched bumper now accommodates Kia’s ice cube-inspired fog lights that likewise employ LED technology. The changes up front are mirrored at the rear end, with the LED tail lights now donning a revised appearance. The rear end of the new Sorento also features more angular dual chrome exhaust finishers as well as reflectors that are repositioned higher than before. Completing the looks of the new Sorento is a pair of new running boards and a set of 19-inch glossy alloy wheels with a curved multi-spoke design.

Read the entire article Kia reveals mid-cycle facelift for 2018 Sorento in South Korea

10-millionth BMW 5 Series auctioned off for 75 million won in South Korea

When an automotive company reaches a certain production milestone (such as the 1-millionth car that rolled off its production line), they often keep the car. Often as a trophy or a remembrance of the success of the car. But this time, BMW decided not to keep its 10 millionth 5 Series.

Recently, the number 10 million 5-series rolled off the production line at Bavaria’s Dingolfing plant, and the company decided to ship it to Korea to put it up for auction. The lucky buyer made a bid of 75 million won.

But if you convert that amount, it actually isn’t that big for a landmark special. As per current conversion rates, 75 million won is just about 60,000 euros or $65,000. For the sake of comparison, this particular 5-series was based on the 520d, which in Germany starts just below 38,000 euros before tax, and 45,000 euros after. While in Korea, after the destination fee, it starts at 66.3 million won. So at 75 million won, the unidentified bidder would have paid for another 8.7 won (around $7,600) for the 10-millionth 5 Series. Not a bad deal, I must say.

Read the entire article 10-millionth BMW 5 Series auctioned off for 75 million won in South Korea

Rolls-Royce pays homage to South Korea with bespoke Ghost and Wraith special editions

In 2004, the British marque Rolls-Royce officially entered South Korea with the opening of their showroom located in Seoul before opening their second showroom last September in Busan. Now RR will have not only one, but two premium cars as a way of expressing thanks to the largest cities in the Asian country, Seoul and Busan, and to celebrate more than 10 years of congenial collaboration.

Giles Taylor, Rolls-Royce design director, said that this bespoke pair that they have created offer personal spaces that represent the vibrant cities that they occupy, showing the possibilities that the world's most famous luxury house can provide.

He added that like an elegant suit, some of the most appealing Bespoke touches found in a Rolls-Royce are invisible to anyone but its owner. Or they may uncover themselves only by chance to the audience, like the colourful lining of a jacket exposed by a gust of wind as these vehicles momentarily come to a halt in the city.

Read the entire article Rolls-Royce pays homage to South Korea with bespoke Ghost and Wraith special editions

The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you were not one of the first few hundreds to sign up for the test-drive.

What I mean is that if you purchase a Tesla Model S online or at the showroom, there is a higher chance of you getting your vehicle way ahead of time, than you getting that 20- to 30-minute test drive. In fact, the wait list is so long that it would take six months for those who signed up last. And nope, that was not a typing error when I wrote six months.

The reason behind this is that Tesla only has two showrooms in South Korea, and both of them are fairly new. Each showroom can only accommodate around 10 test drives per day, giving each person the chance to take the car out for a drive for about 20-30 mins. So, ten times two, that’s just twenty people per day for the whole nation. Having said that, there’s probably around 3,600 people in line to test drive the Model S. And the only way to fix that problem is for Tesla to open more showrooms, or to accommodate more people per day.

Read the entire article There’s a six-month waiting list to test drive Tesla’s Model S in South Korea

Hyundai officially debuted the redesigned Sonata in South Korea. This has been a long time coming for auto enthusiasts after having been subjected to a short teaser campaign, spy photos, and a leaked image.

This redesign is said to be advantageous for the midsize sedan as it will now incorporate the brand’s newest design language that was first revealed with the i30 and the Elantra.

Hyundai said that for the South Korean version, all of the trim levels will be fitted with the center console having a 7-inch display as standard on the interior. However, customers will be given the option to have the 8-inch screen, if they so wish. Whether the customer decides to go for the standard trim or the premium one, the infotainment systems for both will be compatible not only with Apple CarPlay but also with Android Auto.

Read the entire article 2017 Hyundai Sonata Facelift gets South Korean debut

As the Dieselgate scandal continues its run, German carmaker Volkswagen AG and supplier Robert Bosch GmbH each reached a settlement agreement with owners of VW, Audi and Porsche diesel-powered vehicles found to be cheating emissions tests. The agreement, once approved, would entail a payment of at least $1.6 billion to accommodate specific actions – repair, buy back or compensation – meant to settle the companies’ differences with affected customers.

VW’s settlement agreement covers around 78,000 VW, Audi and Porsche vehicles powered by the group’s 3.0-liter TDI V6 diesel engine. This agreement became necessary because of the so-called Dieselgate scandal, which is basically a scheme implemented by VW to sell around 590,000 diesel-powered vehicles in the US – from model years 2009 to 2016 -- by making it seem that these units were cleaner than they actually were. Regulators have found out that VW employed a defeat device that helps these vehicles cheat on emissions tests.

Under the 3.0-liter TDI settlement program, Volkswagen would pay up to $1.2 billion in benefits assuming that 100 percent of affected customers take part; all eligible Generation 1 vehicles are bought back; and Generation 2 vehicles are fixed with an Emissions Compliant Repair to bring them to same emissions standards as they were certified.

Read the entire article VW and Bosch to pay at least $1.6B to customers over Dieselgate scandal

Given the number of emission scandals that has grabbed the headlines last year, South Korea’s Ministry of Environment has banned the sales of certain Nissan, Porsche and BMW models. At least ten vehicles were found to have false emission test results, including Porsche’s Panamera S E-Hybrid, 911 GT3, Cayman GTS, 918 Spyder, Cayenne S E-Hybrid & Turbo and Macan S Diesel. Nissan’s Qashqai and Infiniti Q50 were also included as well as BMW’s X5 M SUV.

The three carmakers were fined a total of $5.9 million (equivalent to 7.7 billion won) for the 4,523 affected units sold and registered locally. According to Reuters, BMW and Nissan’s local divisions have said that something would be done to correct the fabricated documents to get back their certifications while Porsche, at this time, could not be reached to comment on the issue.

South Korea last year has banned a total of 32 models from Bentley, Audi and Volkswagen following the Dieslelgate cheating controversy. Volkswagen Group paid $15.98 million (or 17.8 billion won) to the South Korean government for falsification of documents. Among the vehicles banned since August 2016 are the Audi RS7 and the Volkswagen Golf.

Read the entire article South Korea bans sales of selected Nissan, Porsche and BMW models

Barely a week after Hyundai released some drawings of its redesigned 2018 Hyundai Azera, the South Korean carmaker made public actual images of the mid-size sedan. The updated Azera (referred to as Hyundai Grandeur in South Korea) features a new appearance with a couple of styling revisions. In addition, the new Hyundai Azera is now loaded with new technological elements that make it more contemporary both in looks and features.

Upon closer inspection, it is fairly easy to tell that the new Azera takes inspiration from the brand’s new design language, called “Fluidic Sculpture.” This styling theme made its debut on the Hyundai Sonata model and is defined by two characteristic side creases in the sheet metal. One of these creases commences just behind the headlamps, then runs to on top the fender and through the back door. The other crease commences ahead of the rear door handle and then goes upward.

While Hyundai has said that the new Hyundai Azera “spearheads a new era” of design for the South Korean carmaker, there have been observations about several styling similarities with the new offerings of the Genesis premium brand. Nonetheless, Hyundai is hoping that this new design language – marked by heavily sculptured and dynamic appearance – would be the brand’s new selling point.

Read the entire article Hyundai reveals 2017 Grandeur in South Korea, previews 2018 Azera

Renault-Nissan plans to increase its shipment of Nissan Rogue crossovers from South Korea to the United States by 38 percent this year to cater to increasing demand in North America. The alliance had planned to build 80,000 US-bound Rogues at Renault’s site in South Korea, but demand has tipped them to build 30,000 more to 110,000 units.

Nissan commenced production of the Rogue crossover in South Korea in 2014, which has allowed Renault Samsung, its partner’s local unit, to use the idle capacity at its South Korean plant. Renault Samsung saw its local sales dwindle by almost half in 2012, no thanks to increasing competition from Hyundai Motor Co. and German carmakers.

Renault Samsung, however, has seen its sales recover since then. The Rogue crossover is Nissan’s No.2 model in terms of sales in the US, with the Altima midsize sedan reigning as the brand’s best-seller.

Read the entire article Renault-Nissan to build 30,000 more US-bound Rogues in Korea

A supposed United States-bound Mitsubishi midsize sedan won’t make it to its destination, no thanks to a sudden appreciation of the South Korean won against the US dollar and the Japanese yen. The sedan was planned to be sourced from Renault-Nissan Alliance’s Busan assembly plant in South Korea, and dealers have been excited about it since it was announced in November 2013.

Mitsubishi, however, terminated the feasibility study after failing to reach a “win-win” outcome for the project. One executive told __ that a very strong Korean won proved the project as simply too expensive. A spokesman for Mitsubishi said the carmaker is looking into other options for launching a new sedan in US, as its sales were hurt by an aging Lancer compact sedan and the dropping of the Galant.

The project could have been a win-win situation for both Mitsubishi and Renault-Nissan. It would fill what seems a missing link in Mitsubishi’s US lineup while helping Renault-Nissan securing work for its underused site in South Korean. While Mitsubishi could have source a new sedan from Nissan from a plant in North America, the latter’s sites in the region are already working at full capacity.

Read the entire article Strong South Korean won sealed off Nissan-made Mitsubishi sedan

Wolf-Henning Scheider has resigned from Robert Bosch to join engine parts maker Mahle. He was chief of Bosch's automotive division. Bosch is now grouping all automotive activities grouped under the new mobility solutions business sector, and has assigned Rolf Bulander to take over Scheider’s role.

Bulander will also be in charge of Bosch’s diesel systems, gasoline systems, and starter motors and generators divisions as well as for the electrical drives division. Dirk Hoheisel, meanwhile, will take charge of Bosch’s automotive steering business as well as the chassis systems control, car multimedia, and automotive electronics divisions.

Assuming Scheider’s sales and marketing roles will be Markus Heyn, who was most recently president of the Bosch diesel systems unit. He will also be in charge of the automotive aftermarket division and the ETAS and Bosch Engineering subsidiaries.

Read the entire article Wolf-Henning Scheider quits Bosch, joins Mahle

By 2025, fuel-cell technology will be less costly due to greater economies of scale and will be commercially viable for mass use in vehicles, according to Wolf-Henning Scheider, head of Bosch's automotive division. Fuel cell vehicles still have to gain acceptance due to prohibitive development costs despite their capability to travel five times longer distance than electric cars and take less time to refuel.

Scheider remarked that fuel cell vehicles are a viable alternative to other zero-emission vehicle technologies. He quipped that while fuel-cell powertrains might still be twice as costly to build than those found in electric cars in 2025, the higher operating range of fuel-cell cars would make them a viable alternative.

Carmakers developing fuel cell vehicles include Daimler, Hyundai, Nissan, Ford, General Motors, Toyota and Honda and General Motors are all developing fuel-cell vehicles. Toyota and Honda have plans to commence sales of fuel-cell vehicles next year.

Read the entire article Bosch exec says fuel-cell tech will be commercially viable by 2025

Everyone loves sports cars and most of you folks are in love with the proper sound delivered by a powerful V8 engine. Still, it appears that South Korean buyers will not be able to enjoy the sound of the V8 engine found on the Chevrolet Corvette Stingray as the vehicle is currently being delayed by the country’s regulation on automobile noise.

These words came from Chevrolet Korea CEO Sergio Rocha, who also said that only 12 Corvettes are imported to Korea every year, which means that bringing the Corvette Stingray to Korea makes no sense. As a result, the company will not try to spend its resources and convince lawmakers to change the noise law only to sell 12 vehicles per year.

For those who don’t know, the 2014 Corvette Stingray is powered by a 6.2-liter LT1 V8 engine that produces 450 hp and 450 lb-ft (610 Nm) of torque. The engine is bolted to a seven-speed manual transmission as standard, while as an option Chevrolet offers a six-speed automatic transmission with paddle shifters.

Read the entire article Corvette Stingray not coming to South Korea as its V8 engine is too noisy

With ZF Friedrichshafen's planned acquisition of TRW Automotive on full blast, another German supplier is bound to benefit from the transaction, albeit unexpectedly. Bosch recently announced plans to gain full control of its 50-50 steering joint venture with ZF.

That came after Bosch’s partner disclosed intentions to sell its stake in the joint venture – which build electronic steering systems critical to development of driverless cars – to the largest supplier in the world and purchase TRW for $105.60 a share. ZF has to let go of its holdings in the joint venture, ZF Lenksysteme, to avoid antitrust issues in the acquisition of TRW.

ZF doesn’t have to worry about losing a place in the steering segment since TRW also has a steering systems business largely involved in developing technology that could pave way for autonomous driving. ZF will have to pay TRW around $12.4 billion in cold cash, based on equity value.

Read the entire article Robert Bosch is silent beneficiary of ZF’s TRW takeover

South Korea seems to like the luxurious vehicles produced by Bentley as the British carmaker owned by VW Group already sold 196 vehicles through August, beating last year’s total sales of 170 units.

As a result, by the end of the year, Bentley will introduce in South Korea the Continental GT3-R as well as the new Mulsanne Speed which will make its world debut next month at the 2014 Paris Motor Show.

Moreover, Bentley introduced today in South Korea the V8-powered version of the Flying Spur, which costs around $272,000 in the market. The current leader on the South Korean market is Mercedes-Benz, while Bentley is on the second place.

Read the entire article South Korea sees new Bentley models as brand’s sales exceed expectations

ZF Friedrichshafen is resuming discussions to exit its joint venture with Robert Bosch, a move that if successful would allow it to successfully acquire TRW Automotive Holdings, people privy with the matter told Bloomberg. The parties plan to resume talks this week following a short break due to summer holidays.

ZF wants to divest its 50-percent stake in the steering-systems venture to Bosch to avoid antitrust problems since TRW boasts of a significant presence in steering systems, people privy with the matter said. The sources said if Bosch agrees with ZF, a deal to acquire TRW could come as early as next week. ZF and Bosch established the joint venture in 1999, which now boasts of around $5.5 billion in annual sales.

Both ZF and TRW have agreed on the broad outline of a merger, one of the sources told Bloomberg. The parties have talked about a price of between $105 and $110 per share, although the final figure is still under negotiations.

Read the entire article ZF Friedrichshafen resumes talks over exit from Robert Bosch JV

The 2015 Kia Sorento was introduced in South Korea and as a result, the manufacturer released more details about its third-generation SUV. Featuring a lower roofline and a higher beltline as well as a swept-back shape, the 2015 Sorento shows an increased length of 4,780 mm (+95 mm), a height reduced to 1,685 mm (-15 mm) and extra width (+5 mm to 1,890 mm).

Depending on the market, the vehicle will offer power outputs that will range from 172 to 270 hp. The 2015 Sorento will carry a 2.4-liter gasoline direct injection (GDI) unit, 2.4-liter and 3.3-liter multi-point injection (MPI) engines as well as revised 2.0-liter and 2.2-liter ‘R’ turbodiesel engines.

Europe will only get the 2.2-liter turbodiesel and the 2.4-liter GDI engines while a final decision on the UK lineup has yet to be made. Regarding the design, we 2015 Sorento comes with a new tiger-nose grille featuring a distinctive 3D diamond patter which was first featured on the Kia Cross GT Concept.

Read the entire article 2015 Kia Sorento makes its debut in South Korea, more details and specs released

ZF Friedrichshafen is aiming to become the second-largest parts supplier in the world, but that target is being put on hold by negotiations to exit a joint venture with Robert Bosch, people privy with the matter told Bloomberg. ZF is seeking to sell its stake in the joint venture before it could complete an agreement to acquire TRW Automotive Holdings.

Breaking down the partnership, however, is complex and several key parties are away for summer holidays, the sources said. ZF wants to close the deal with TRW in the first half of September, the people told Bloomberg. ZF and TRW have discussed a sale at a price of around $105 to $110 per share, although the final amount is still under negotiations.

In July, ZF and its advisers at Citigroup Inc. and other banks had been exploring a proposal that values TRW at between $110 and $112.50 per share, two people told Bloomberg last month.

Read the entire article Talks over Bosch venture exit stalling ZF’s acquisition of TRW Automotive

Sergio Rocha, chief executive of GM Korea, disclosed that labor costs in the country may surge 15 percent. Because of this, he described the 2014 wage negotiation as the most critical negotiation that the carmaker will have with the local union. In an interview with Bloomberg, Rocha said he will do “everything possible and impossible” to guarantee that GM has a sustainable future.

Companies in South Korea are clenching their teeth for higher labor costs after the Supreme Court ruled in December 2013 that periodic bonuses and other compensation should be counted in workers’ base pay.

The Hyundai-Kia group is also facing unions in court over the same matter. Rocha remarked that including bonuses and other benefits into the base pay will make labor cost grow substantially, noting that ruling is not good for GM Korea, for the industry, and for Korea Inc.

Read the entire article GM Korea could see 15% labor cost increase following high court ruling
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