Geneva Preshow: 2012 Kia Rio Revealed in Detail, gets 1.2-liter Turbo Gasoline Engine

Kia's product assault continues with the presentation of the all-new Rio subcompact, which will receive its world premiere together with the new Picanto at the forthcoming Geneva Motor Show in the beginning of March.

The latest car to be revealed by Kia boasts a far slicker exterior design than the current Rio bringing it in line with the rest of South Korean company's passenger model range. There are no photos of the interior, but Kia says its newcomer "will deliver a high level of quality previously associated with larger models" along with a wider selection of trim options.

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VIDEO: Remote Control Cars Drifting on Realistic Looking Miniature Road is Pure Ecstasy

If you enjoyed Phil's video of the RC drifters from the recent Tokyo Auto Salo, then you're in for a really special treat with this 4 minute-long clip shot at the 2010 Korea RC Street Drift Challenge. By far this is the most amazing RC drift setup that we have ever seen. Just follow the jump and you'll see what we mean.

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Hyundai Sells 3.6 Million Vehicles in 2010, up 16.3% from 2009, Net Profits Soar 78%

Hyundai continues its juggernaut-like growth breaking one record after the other. In 2010, the South Korean carmaker not only replaced Toyota as Europe’s best-selling Asian brand and passed the 500,000 sales mark in the US for the first time since entering the market in 1986, but the company also posted record sales and impressive profits.

Not including affiliate Kia Motor's results, Hyundai alone recorded global sales of 3,612,487 units (domestic plants: 1,730,682, overseas plants: 1,881,805) in 2010, which represents a 16.3 percent increase from a year earlier.

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2012 Kia Picanto: HD Photo Gallery and Official Brochure of South Korean Model

As pointed out by a Carscoop reader in a previous post, Kia has released images of the domestic market version of its Picanto city car, which will be sold as the Morning in South Korea. From the looks of it, there won't be any notable differences between the local and European market specification Picanto, which will receive its world premiere at the Geneva Salon in the beginning of March. You can read our previous post for more details including the powertrain options here. For the high resolution image gallery and the official brochure of the KDM Morning, follow the jump below.

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GM to Drop Daewoo Name and Replace it with Chevrolet in South Korea

What started a few years back with the re-branding of Daewoo's portfolio to Chevrolets in select markets including Europe, is now being rolled out globally with the replacement of the nameplate in South Korea. From now on, all of the company’s new product introductions will be under the Chevrolet badge, while GM Daewoo Auto & Technology will change its company name to GM Korea Co. The Detroit automaker said the name change is expected to be completed by the end of the first quarter this year. Read more »

Hyundai Rolls Out 2012 Grandeur / Azera in Korea, Releases Video Showing the Car's Evolution from 1986

Hyundai has been advertising the all-new generation of its Grandeur for quite some time now, but today, the automaker officially launched the large sedan in its home market. The new Grandeur, which will be badged as the 2012 Azera in the States, arrives in the Korean market six years after its predecessor’s launch in May 2005.

Codenamed HG, the 2012 Grandeur is result of three-and-a-half years and 450 billion won (about US$415 million) of research, development and testing. Positioned between the Sonata and the Genesis sedan, the new Grandeur measures 4,910mm (193.3") long, 1,860mm (73.2") wide and 1,470mm (57.9") tall. It rides on a 2,845mm-long (112") wheelbase, which is 65mm (2.6") longer than the outgoing model.

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Hyundai - Kia Group Targeting a 10-Percent Increase in Sales for 2011

For the Hyundai Motor Group and its affiliate Kia Motors, the New Year brings a new sales target as the South Korea's largest automaker said on Monday it aims to sell 6.33 million cars in 2011, which represents a 10 percent increase over 2010 when the company sold a combined total of 5.75 million units. More specifically, Hyundai delivered 3.6 million cars (up 16 percent from 2009), while sold Kia 2.1 million vehicles (+40 percent over 2009) worldwide last year.

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Hyundai Launches First 4-D Commercial for New Azera Sedan

Hyundai is banking on the latest film technologies to promote its new Azera sedan, at least on its home turf. The automaker released a new advertisement for the mid-size saloon, which is named Grandeur in its home market, in select 4-D and 3-D movie theaters in South Korea. Read more »

Saudi Arabia Signs $500 Million Deal with Korean Company to Build Cars

The King Saud University (KSU) on Sunday announced a $500 million deal with South Korea's Digm Automotive Technology to set up Saudi Arabia's first car manufacturing company. The Saudi university recently made headlines with the Mercedes G-Class-based 'Gazal 1' (pictured above) after announcing that the SUV is heading for production.

The Saudi Press Agency reported that the university's investment arm, Wadi al-Riyadh Technology, will contribute 10 to 15 per cent of the financing for the new venture, with the South Korean firm providing 30 per cent, while the rest will be covered by investors.

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Korean Designer Mixes Science and Nature in a Saab Sports Sedan Concept for 2025

Earlier this year, Swedish automaker Saab was saved from the scrapheap by Spyker and a loan from the European Investment Bank. In spite of this, nothing much has changed. The stylish new 9-5 has gone on sale overseas, with the 9-4X crossover following in Q2 2011. And the aging 9-3 trundles on, blissfully unaware that anything has happened.

Korean design student Youngho Jong is looking towards Saab’s future with his 2025 Advanced Warning System Vehicle concept: a rakish, four-door saloon with coupe-like styling. And no headroom, by the looks of it, but that’s a forgivable oversight. More interesting to us, however, is how he used his knowledge of nature and human psychology to come up with a vehicle that isn’t just smart, it’s downright sinister.

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Hyundai Evaluating the Creation of a Separate Genesis Brand to Compete with Lexus, May Build a BMW 3-Series Rival

If you were wondering what's next on the Hyundai and Kia Group's agenda of world domination, the answer is the addition of a third brand to the firm's portfolio to compete head on with Japan's Lexus and Infiniti, and possibly even Germany's finest, including BMW and Audi.

The luxury arm would most likely be called Genesis and include the South Korean firm's current rear-wheel drive offerings such as the Genesis Sedan and Coupe, plus the soon-to-be-launched onto the American market, Lexus LS-rivaling Equus.

The automaker, which saw its U.S. market share increase by an overly impressive 50 per cent in the past two years, would further enhance the range of the Genesis brand with a compact sports saloon in the likes of BMW's best-selling model, the 3-Series, and a crossover utility vehicle to compete with the Lexus RX 350.

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Kia Sketches New Picanto City Car Ahead of Geneva Show Debut

We've known for a while now that Kia is preparing a successor to its Picanto city car, but today, the South Korean automaker came out with a pair of official renderings and a short announcement which said the small hatchback will get its world premiere at the Geneva International Motor Show in March 2011 and go on sale in Europe in late Spring. Read more »

VIDEO: Bang, Bang, Bang it's the 2012 Hyundai Azera Sedan

Having wow'd us with teaser renderings at first followed shortly after by official real-life photographs, Hyundai continues to build hype around its all-new-2012 Azera before the full reveal by giving the car a promotional role in a South Korean TV drama called "The Fugitive Plan B".

While official information around the new Azera, which will be sold as the Grandeur in its home market, remains scarce, one of our South Korean readers, Jinhwan H. claims that word around local news sites is that the car will be offered locally with a choice of three engines. These include the Sonata's 2.4-liter GDI with 200hp and 184.4lb-ft torque, a 3.0-liter V6 GDI delivering 263hp and 225.7lb-ft torque plus a 3.0-liter LPI running on Liquefied Petroleum Gas with 230hp, 204.7lb-ft torque.

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2012 Hyundai Azera - Grandeur: First Official Pictures

Shortly after releasing some teaser renderings of the all-new Azera or Grandeur in South Korea and other markets, Hyundai today dropped the first real life photos of its full size sedan that slots between the Sonata and the Genesis. The pictures were escorted by a South Korean-language press release, but aside from a recap of the car's design features, Hyundai did not reveal any other details on the Azera.

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Hyundai Teases All-New Azera / Grandeur, Slots Between Sonata and Genesis

Hyundai is getting ready to lift the wraps of its fully redesigned Azera large sedan that will slot between the front-wheel drive Sonata and the rear-wheel drive Genesis when it arrives in dealerships. The automaker released the first teaser sketches of the 2012 Azera, which will be badged as the Grandeur in South Korea and other markets. The styling reflects Hyundai's 'fluidic sculpture' design language taking cues from both the smaller Sonata and larger Genesis with a hint of Equus at the rear with the pronounced rear wheel arches.

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GM's South Korean Plant First to Produce New Chevy Aveo

General Motor's South Korean Daewoo unit announced today that it will handle initial production of the new Chevrolet Aveo at its local Bupyeong plant in Incheon. The new Aveo will make its debut under the Daewoo brandname in the South Korean market in the first half of 2011 before a global rollout as a Chevrolet.

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GM Preparing Demo Fleet of 202HP Cruze EVs for South Korea

South Korea is really getting serious about electric vehicles. Following the news last week of a Kia CUV EV to join Hyundai's BlueOn i10, GM has announced it will build a demonstration fleet of battery-powered Chevrolet Cruze sedans from the end of October.

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Korea Wants Better Trade Agreement with US, Should Improve Automobile Sales

The South Korean ambassador to the USA, Han Duk-soo, wants to get more free trade between the States and our peninsular pals in Asia, and President Obama is looking to have the finer details worked out by next year.

To do so, the ambassador is pushing for "business leaders" in Michigan - a state where Hyundai/Kia invests $900 million annually - to support an agreement that could assist both countries in moving some more metal (and fruit). In his own words, American car imports into Korea "can and should be increased a lot more".

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Hyundai Officially Confirms U.S. Sales of New Elantra at the End of 2010 - Plus New Gallery with 42 Photos

Hyundai has finally confirmed what's been rumored for months; that the all-new 2011 Avante saloon, the predecessor of which we came to know as the Elantra, is heading to North American shores.

"The new compact sedan will also make its way to overseas markets including U.S. starting the end of the year," Hyundai said in an official statement, without disclosing any more details. Unless the company changes its plans, expect to see Hyundai's baby Sonata making its first public outing in the States at the Los Angeles Auto Show in mid-November.

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2011 Hyundai Elantra / Avante gets Video Debut

There's not much to say about the new 2011 Hyundai Elantra that hasn't already been said, but thanks to a Carscoop tipster, we can show you a new video of the domestic market version, which is called the Avante and goes on sale in South Korea in the beginning of August. In global markets, the Avante will be pitted against the sedan variants of the Toyota Corolla and Honda Civic. Be sure to check out our previous post on the new Elantra here after you watch the video after the jump.

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