SOUTH KOREA: Fuel economy disclosure coming
The South Korean government will make it mandatory for local carmakers to disclose vehicles' fuel economy starting in the second half of next year.
The latest measure for improving management of vehicles' fuel economy was announced by the nation's Ministry of Knowledge and Economy (MKE), Maeil Business Newspaper reported.
Prior to the announcement of the measure, the government disclosed car models and ordered correction of their economy only when the fuel economy of involved models was inflated by more than 5%, the allowed margin of error.
Hyundai Motors and Kia Motors were recently accused of overstating economy and lost the market's trust in the US. The disgrace has raised voices in the home market that fuel economy of car models needs to be made public in Korea as well, propelling the nation's government to introduce the measure for management of fuel economy.
The Seoul authorities will also adopt air and other resistance assessments to boost credibility of carmakers' own economy tests.
In addition, the authorities will narrow the permitted margin of error for fuel economy from -5% to -3%, and increase the ratio of testing subjects to the total volume of cars for sale to 10%.
Based on the new measures, the MKE plans to develop an improved, more comprehensive fuel economy management system by the end of this year by incorporating opinions from experts and the car industry.
The media days for the 2013 Frankfurt Internationale Automobil-Ausstellung (IAA) are 10 & 11 September. Each of the following vehicles is a world premiere at the show....
An i30 was the one millionth car produced at Hyundai's factory in Nošovice, Czech Republic this week. Production started at the 'greenfield' plant on 3 November 2008, when a previous generation i30 mo...
New vehicle sales in the Philippines increased by 21% to 14,888 units in April, from 12,304 in the same month of last year, according to data released jointly by the Chamber of Automotive Manufacturer...
- COMMENT: What is normal in Russian maelstrom?
- Regulatory concerns grow in China
- Emerging markets in trouble (1)
- VEHICLE ANALYSIS: SEAT Alhambra 2.0 TDI
- THE WEEK THAT WAS: The August harvest...
- Mercedes 'guilty' of China parts price fixing
- Ford recalls 160,000 cars to fix wiring problem
- Serious concern on Russia auto sanction rumours
- ZF's TRW plans hit a Bosch hitch - report
- Volvo Cars hails new engineering architecture
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- New Engines Aiming for 60% Thermal Efficiency Japanese Automobile Manufacturers Rising to the Post-HEV Challenge
- Global Database of the Top 1000 Motor Vehicle Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Tesla: The Californian start-up that made head way on the automotive giants
- Brazilian automobile industry - Right strategy for tough times