Hyundai Capital America has launched foreclosure proceedings against the owners -- auto industry veteran Michael Saporito and ex-NFL linebackers Jessie Armstead and Antonio Pierce -- of Hyundai and Kia dealerships in Pennsylvania accused of failing to repay loans.
The 2020 Kia Telluride will become the biggest crossover in the brand's lineup and executives hope Saturday's launch during New York Fashion Week will help the new light truck capitalize on the shift to crossovers with some extra cachet.
Described as a "house of cards" in court records, a once rapidly expanding dealership group with stores in Michigan, Pennsylvania and New Jersey is now facing lawsuits from Nissan and Hyundai's captive finance arms as the survival of its stores is in question.
Former VW Group designer Luc Donckerwolke has found an unexpected amount of freedom as styling boss at Hyundai. This leads to some advantages and disadvantages, he explained in an interview with Automotive News Europe.