2010 Kia Cee'd Facelift: First Official Photo

Here's the first official photo of the updated 2010 Kia Cee'd facelift that made its way into the internet ahead of the compact hatchback's premiere at this fall's Frankfurt Motor Show. As anticipated, the Cee'd features a new fascia inspired by Kia's latest production and concept cars likes the Forte and KND-5 sedans. The cosmetic tidy-up includes the Korean firm's signature grille surround flanked by a pair of reshaped headlamps, plus a new bumper and hood design.

Furthermore, Kia's VW Golf contender also features restyled exterior mirrors with integrated turn signals while our spy shots suggest minor updates at the rear including a new set of tail lamps and quite possibly, a redesigned bumper.

As many of you might remember, a couple of weeks ago we showed you a trio of leaked shots of the 2010 Cee'd's dashboard which has been upgraded with new controls for the air-condition and audio system on the center console, a restyled steering wheel and updated gauges on the instrument panel.

Via: Automarket & Kia-World

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.

Sales revenue rose 15.4 percent to 36.8 trillion won (US$ 33 billion) from a year earlier thanks to the introduction of new cars and an improved product mix, while operating profit also soared 44.4% to 3.2 trillion won (US$2.8 billion). Net profit increased 77.8 percent to 5.3 trillion won (US$4.8 billion).

South Korea's largest automaker has set even higher goals for 2011, stating that it plans to "reinforce its internal competitiveness" and achieve a global sales target of 3.9 million units.

2010 Daewoo Matiz aka the New Chevy Spark Scooped in Korea

What we will get to know as the new Chevrolet Spark in North America and Europe will be sold in South Korea and perhaps other Asian markets as the Daewoo Matiz. Spotted by the crew over at Noticias Automotivas somewhere in Korea without any sort of camouflage whatsoever, the 2010MY Matiz is a carbon-copy of its Spark sibling minus the Chevy grille, side skirts and large alloy wheels which seem to make a big difference in the city car's appearance.

Same goes for the interior which is identical to the Spark, although the Korean market version of the car does get its own unique trim options.

The 2010 Daewoo Matiz will most likely be offered in Korea with a similar engine lineup to the European Chevy Spark that is powered by a choice of 1.0 and 1.2-litre gasoline engines developing 66 and 78HP respectively. European sales of the new Chevy Spark will start towards the end of the year while North American customers will have to wait until the end of 2010 - beginning of 2011.

Via: Noticias Automotivas

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.

"This important new brand strategy is designed to strengthen our commitment to the Korean market, recognizing it as one of the strongest-performing countries within GM’s global operations," said Mike Arcamone, President and CEO of GM Daewoo. “We cannot afford to sit still, and instead, choose to make a bold move with the launch of Chevrolet in Korea."

GM noted that three Daewoo models including the Alpheon (a re-badged Buick LaCrosse) sedan and the Labo and Damas mini cars, will not carry the Chevrolet nameplate and will be marketed under independent brands.

Outside the U.S., Chevrolet is planning an aggressive vehicle launch plan this year with the introduction of eight new models including the Camaro, Orlando MPV, Aveo sub-compact, plus an unnamed new SUV model and a new premium midsize sedan.

The Detroit automaker said that GM Daewoo has "played a lead role" in the design, engineering and manufacturing of the Chevrolet Cruze global compact sedan, the new Chevrolet Spark global mini-car, and the new Chevrolet Aveo global small car, adding that currently one out of every four Chevrolet vehicles is manufactured in Korea.

“Chevrolet has enjoyed success in mature markets in North America and Europe, as well as in emerging markets in Asia Pacific, CIS countries, and Latin America,” said Arcamone. “We are confident our customers in Korea will embrace Chevrolet as well.”