Kia

Hyundai Europe to add ix25 small SUV, source says

Oct. 28, 2014 15:36 CET
Hyundai will sell a version of the ix25 subcompact SUV in Europe and the U.S. starting in 2017, a company source told Automotive News Europe. The move would give Hyundai a competitor in Europe's booming small SUV segment.... Read More »

 

Kia to build production version of GT concept

12:01 am U.S. ET | Oct. 20, 2014
Kia's GT concept, a four-door luxury coupe that turned heads at the 2011 Frankfurt auto show, will be produced for sale in the U.S. The new Kia halo car is expected to appear in 2017, according to a person familiar with the company's plans.... Read More »

 

Hyundai on a quest for capacity

12:01 am U.S. ET | Oct. 20, 2014
Hyundai needs a new assembly plant to keep up with crossover demand, says U.S. boss Dave Zuchowski. Until then, Hyundai will likely get production from sibling brand Kia's factories in Mexico and Georgia.... Read More »

 

Kia scores LeBron James as first 'luxury ambassador'

4:48 pm U.S. ET | Oct. 16, 2014
NBA superstar LeBron James, following his high-visibility return to the Cleveland Cavaliers this season, has signed on with Kia Motors America as its first luxury ambassador.... Read More »

 

Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014
Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts.... Read More »

 

Fleet adds little to Sept. sales gain

12:01 am U.S. ET | Oct. 13, 2014
Among the seven largest volume automakers, light-vehicle sales through dealerships rose 11 percent, while fleet was a mere 3 percent higher.... Read More »

 

Dealers turn to governments for incentives

12:01 am U.S. ET | Oct. 13, 2014
A small but growing number of dealerships are obtaining tax breaks or government funds in connection with their facility improvements.... Read More »

 

Toyota remains most valuable automotive brand

2:02 pm U.S. ET | Oct. 9, 2014
Toyota was named the best automotive brand worldwide for the 11th straight year, followed closely by Mercedes-Benz and BMW, in Interbrand's ranking of the 100 most valuable brands.... Read More »

 

Hyundai reaches wage deal with union after work stoppages

11:30 am U.S. ET | Sept. 29, 2014
Hyundai Motor reached a tentative wage deal today with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes.... Read More »

 

Hyundai unions plan more strikes to protest $10B land deal

6:44 am U.S. ET | Sept. 26, 2014
Workers at Hyundai Motor Group pledged more strikes as the two carmakers and their biggest supplier finalized a $10 billion purchase of plum real estate in Seoul's ritzy Gangnam district for a new headquarters.... Read More »

 

Hyundai, Kia unions plan partial strikes after $10 billion land deal

7:06 am U.S. ET | Sept. 23, 2014
Labor unions at Hyundai Motor and affiliate Kia Motors are planning partial strikes after a record $10 billion bid to buy property in Seoul's Gangnam district.... Read More »

 

GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse.... Read More »

 

Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.... Read More »

 

Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.... Read More »

 

Hot August sales shrivel inventories

12:01 am U.S. ET | Sept. 15, 2014
Strong auto sales in August drained dealer lots, pushing U.S. inventories to the lowest level in months.... Read More »

 

Kia prices Soul EV at $33,700, above Leaf

3:54 pm U.S. ET | Sept. 11, 2014
The Kia Soul EV, Hyundai Motor Group’s first all-electric vehicle, will cost $33,700 before shipping and government incentives when it arrives in U.S. dealerships this fall.... Read More »

 

Toyota scouting Mexico for assembly plant, reports say

2:50 pm U.S. ET | Sept. 10, 2014
Toyota, the last of the world's major automakers without a full assembly plant in Mexico, is scouting the country for possible factory sites, two people with direct knowledge of the matter said.... Read More »

 

Kia to boost Forte supply -- in 2016

12:01 am U.S. ET | Sept. 1, 2014
Kia is evaluating which nameplates it will assemble as part of "a range" of compact models to be built at the plant in Monterrey that Kia announced last week.... Read More »

 

Kia targets 270,000 sales of the new Sorento next year

Aug. 28, 2014 10:05 CET
Kia unveiled its redesigned Sorento, saying it aims to sell 270,000 units of the SUV globally next year as the automaker seeks to maintain its momentum in the U.S., Europe and other key markets.... Read More »

 

Kia says it will build 'range' of small cars at new plant in Mexico

2:59 pm U.S. ET | Aug. 27, 2014
Kia plans to produce “a range” of small cars for markets including the United States at its $1 billion plant in Monterrey, Mexico, after production begins in the first half of 2016, the company said in a statement.... Read More »

 

Kia to unveil plans for assembly plant in Mexico, sources say

6:14 pm U.S. ET | Aug. 26, 2014
Kia will announce plans Wednesday to construct an assembly plant in Mexico, its first in the country, according to two sources with knowledge of the matter. The South Korean automaker will build the factory in the Monterrey area of northern Mexico, a senior automotive industry source in Mexico City told Automotive News.... Read More »

 

Dealership Buy/Sell

12:01 am U.S. ET | Aug. 25, 2014
BUYER: Garcia Automotive Group
SELLER: Lawton Davis
OLD NAME: Galles & Davis Cadillac-Subaru, Albuquerque, N.M.
NEW NAMES: Garcia Cadillac, Garcia Subaru
MORE: Ryan Morris and Keeley Bedford of Tim Lamb Group were the advisers.... Read More »

 

Kia brings back hamsters for Soul EV ad campaign

12:49 pm U.S. ET | Aug. 21, 2014
Kia rolled out the new “fully charged” ad campaign for the Soul EV today, featuring Adam Levine's falsetto on the new Maroon 5 track “Animals” and, of course, the Kia hamsters.... Read More »

 

Blessing from Pope Francis may help sell a few Souls

12:01 am U.S. ET | Aug. 18, 2014
Kicking off a five-day visit to South Korea last week, the pope slipped into the back of a Kia Soul and rolled down a window to wave at the welcoming party, including President Park Geun-hye.... Read More »

 

2016 Sorento longer, lower, roomier

12:01 am U.S. ET | Aug. 18, 2014
Kia has released the first images of the 2016 Sorento, which will be longer, lower and have more interior space than the outgoing version... Read More »

 

 
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