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...
- ANALYSIS: What does TPP mean for autos?
- THE WEEK THAT WAS: Volkswagen, diesel, recalls
- COMMENT: Tesla Model X - the elephant in the room
- VEHICLE ANALYSIS: Redesigned Vauxhall (Opel) Astra
- Q&A: Magna’s CTO on the autonomous car
- Aston Martin mulls new factory location
- JLR confirms Brazil plant will assemble Evoque
- LA SHOW: Facelifted Porsche 911 AWD variants
- EXCLUSIVE: Fiat UK returning to C segment in 2016
- Magna does deal to acquire Stadco
- Global light vehicle engine technologies market- forecasts to 2030
- Ford Motor Company (F) - Financial and Strategic SWOT Analysis Review
- Global light vehicle OE exhaust & emissions aftertreatment systems - forecasts to 2030
- Global light vehicle safety systems market- forecasts to 2030
- Global light vehicle electric motors market- forecasts to 2030