Reuters calls it “one of the more bizarre joint ventures in car-making,” and it is coming to an end. South Korea’s Unification Church, better known as the Moonies, is giving up its investment in the one and only carmaker in North Korea, Pyeonghwa Motors. “Giving up” is carefully chosen: The church will walk away from the business, and donate its 70 percent stake to North Korea. (Read More…)
Posted in Korea, News Blog
Tagged as Bertel Schmitt, Moonies, North Korea, Pyeonghwa, Unification Church
Tagged as Bertel Schmitt, Moonies, North Korea, Pyeonghwa, Unification Church
Recent Comments
niky - My 626 had motorized air vents. In 1996. I have been eternally befuddled by how such useful items have gone missing from “cheap cars” since then, leaving us to...
carguy - The F-Type is undeniably beautiful and seemingly competent but it will have an uphill battle ahead from the established competition. At $81K base for the V6 S model (and...
schmitt trigger - Thomas; your writing is superb. After reading your articles, I always reflect for a while about them. back to the article; The Japanese Imperial...
edgett - Thanks for a great story – the ride to Costco and then the wonderful meeting with the elderly Japanese man. The writing is exceptional and you were...
PrincipalDan - Beautiful cars do not automatically equal sales. Wasn’t 1985 a banner year for car sales in the United States? I can’t think of...
Volt 230 - Hopefully this “improved” Yaris’ reliability will not go down to the level of...
Mrb00st - I dunno, having driven a MKV Jetta with a 2.5/6-speed auto and a 2.0TDI/6-speed DSG back to back, i’m gonna have to...
mulled whine - Meanwhile in hiphop news…. producer Harry Fraud and the rapper Action Bronson, are about to release a...
Neb - I think the Metropolitan be one of those very few cars that not only gets lots of attention, but gets lots of female/not interested in cars attention. Fully...
mechimike - I’ve got a Metroplitan in my backyard…resting in pieces. A previous owner sliced the car in half for a project that apparently became aborted....