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
Derek Kreindler - Yet another superb article in a long line of fantastic writing. I aspire to write such great prose.
PonchoIndian - Sundowner, I agree with you on some levels. It seems as if rational analysis is ofter thrown out the window and replaced with deep seated...
Derek Kreindler - JS, I think the 159 is gorgeous as well but unfortunately we don’t get it here. I think that the notion that design is driving...
typ901 - Thomas, Let me know when you are in Chicago. I’ll have a beer waiting for you. Thanks for sharing.
corntrollio - But what causes that lack of promotion? The Corolla Matrix (you meant Vibe, not Volt) still...
billfrombuckhead - Detroit is building much better looking products than the Japanese. The new Fusion and Edge are quite good looking and I see them...
28-Cars-Later - On paper perhaps but I agree Porsche 911 buyers and Jaguar buyers are not mutually inclusive. I also see this as an SLK competitor.
juicy sushi - Personally, I have to disagree Derek. While it is true that most sedans have taken on a “reverse-teardrop” silhouette as a...
Trauto - +1
28-Cars-Later - These should make nice toys after the traditional Jaguar 5yr/80% depreciation.