Hyundai

At Kia, the No. 2 sales exec for U.S. is out

3:45 pm U.S. ET | Jan. 24, 2015
A year after the last major shakeup at Kia Motors America, the Korean automaker's No. 2 U.S. sales executive parted ways with the company last week.... Read More »

 

Kia recalls nearly 87,000 Forte sedans in U.S. due to fire risk

3:15 pm U.S. ET | Jan. 24, 2015
Kia is recalling 86,880 Forte sedans in the US because a cooling fan resistor may overheat and melt, increasing the risk of a fire, according to documents filed by federal auto safety regulators.... Read More »

 

ADAM KRAUSHAAR, HYUNDAI NATIONAL DEALER COUNCIL

New product, new marketing are key for Hyundai

2:00 pm U.S. ET | Jan. 24, 2015
From 2008 to 2011, fresh-looking Hyundai sedans arrived in U.S. showrooms, and Hyundai dealers were able to seize on the competition's struggles. The brand's market share expanded from 3 percent to 5.1 percent. For 2014, the number was down to 4.4 percent -- chipped away by resurgent Detroit automakers and Japanese brands that have caught up with Hyundai's bold designs and spent freely on incentives. Hyundai dealers, once ecstatic, are now circumspect.... Read More »

 

DON HOBDEN, KIA NATIONAL DEALER COUNCIL

Kia dealers prepare for an off-lease blitz in 2015

2:00 pm U.S. ET | Jan. 24, 2015
Several years after Kia Motors America hit the gas on leasing to accelerate its growth, Kia dealers are readying their certified pre-owned programs for a wave of cars. Kia's lease penetration rose from 6 percent in 2010 to 19 percent by the end of 2013, meaning that a larger-than-usual number of off-lease vehicles will return to dealerships in 2015.... Read More »

 

Hyundai is the latest carmaker to 'take a time out' from Super Bowl

9:08 pm U.S. ET | Jan. 23, 2015
Hyundai isn't running a Super Bowl ad for the first time since 2006. The list of auto advertisers for the game continues to dwindle this year.... Read More »

 

Kia's fourth-quarter profit drops 54% on ruble plunge

Jan. 23, 2015 11:31 CET
Kia posted a 54 percent fall in quarterly profit as a weakening ruble reduced income earned in Russia where Kia ranks No. 2 after Lada. Kia expects sales in the market to fall 12 percent this year, because the ruble's decline could force further price rises, denting demand.... Read More »

 

BILL COLE, DEALER, COLE AUTOMOTIVE GROUP

A voice for dealers, business in West Virginia Senate

2:00 pm U.S. ET | Jan. 23, 2015
Dealer Bill Cole, 58, is poised to become president of the West Virginia Senate next year, and the state's lieutenant governor.... Read More »

 

Hyundai profit falls 19% on weak yen, ruble plunge

Jan. 22, 2015 11:39 CET
Hyundai's fourth-quarter profit fell 19 percent after the weaker yen and ruble eroded overseas earnings. A weaker yen gave rivals including Toyota a competitive edge in the U.S., while a plunge in the ruble lowered the value of earnings in Russia.... Read More »

 

Kia needs India plant to offset slowing sales in Russia and China, report says

Jan. 22, 2015 12:10 CET
Kia needs to set up a factory in India to tap growth in the fast-growing market and offset slowing sales in Russia and China, a Korean newspaper reported the automaker's CEO as saying. India may become the world's No. 3 auto market by next year.... Read More »

 

Kia challenges you to out-stare NBA star Blake Griffin

8:01 am U.S. ET | Jan. 20, 2015
Kia is inviting people to a digital stare-off with NBA star Blake Griffin --- “Blink Griffin” -- with an interactive site using webcam technology that recognizes and responds to blinks.... Read More »

 

Hyundai posts biggest gain in global patent filings, report says

1:07 pm U.S. ET | Jan. 19, 2015
Hyundai posted the biggest gains in the number of patent filings over the past five years, narrowing the gap with industry leader Toyota, according to an analysis of global patent applications released today.... Read More »

 

Hyundai's segment-bending Santa Cruz

12:01 am U.S. ET | Jan. 19, 2015
Hyundai billed the Santa Cruz as a concept, but U.S. chief Dave Zuchowski can hardly hide his desire to lure "urban adventurers" with a funky compact truck.... Read More »

 

DEALER COUNCIL LEADERS

Kia dealers expect big things from Sedona

12:01 am U.S. ET | Jan. 19, 2015
Crossovers may have displaced minivans as America's most popular people-hauler, but Kia dealers have big hopes for the reworked Sedona that went on sale last fall.
Kia has increased U.S. dealers' allocation of the Sedona for 2015 based on a projection that they can sell 50,000 or 60,000 units annually, said Don Hobden, the departing chairman of the Kia National Dealer Council.... Read More »

 

DEALER COUNCIL LEADERS

Dealers to Hyundai: What's the message?

12:01 am U.S. ET | Jan. 19, 2015
With a wave of products coming in 2015, including the redesigned Elantra compact car and Tucson crossover, Hyundai needs to focus on sending a consistent message to customers, says Adam Kraushaar, chairman of the Hyundai National Dealer Council.... Read More »

 

Hyundai Mobis to build $418 million parts factory in Mexico

6:29 am U.S. ET | Jan. 16, 2015
Hyundai Mobis, an automotive parts affiliate of Hyundai Motor and Kia Motors, said it has signed a deal to build a $417.71 million factory in Mexico to meet demand from the South Korean automakers.... Read More »

 

WORLDS COLLIDE

International CES fast becoming high-tech world's auto show

12:01 am U.S. ET | Jan. 12, 2015
The International CES in Las Vegas is fast becoming the high-tech world's own auto show. This year's meeting spotlighted the intersection of the two spheres in areas such as safety, autonomous driving and entertainment.... Read More »

 

Hyundai gets into EV game with Sonata plug-in

2:30 pm U.S. ET | Jan. 12, 2015
The next Chevrolet Volt will have Korean competition. Today at the Detroit auto show, Hyundai revealed its first battery-powered vehicle: a plug-in hybrid version of the Sonata midsize sedan that will go on sale this year.... Read More »

 

A good year, but not for everyone

12:01 am U.S. ET | Jan. 12, 2015
Thirteen brands set U.S. sales records last year. The lucky 13: Honda, Subaru, Porsche, Nissan, Kia, Mercedes-Benz, Maserati, Land Rover, Hyundai, BMW, Audi, Jeep and Ram.... Read More »

 

Hyundai Motor Group plans to invest $73 billion by 2018

6:38 am U.S. ET | Jan. 7, 2015
South Korea's Hyundai Motor Group, the world's fifth-largest automaker, said it would spend $73 billion over four years on expanding capacity, building a new headquarters and developing new vehicles.... Read More »

 

DECEMBER U.S. AUTO SALES

FCA, GM, Toyota, Subaru drive market to 11% gain

6:00 am U.S. ET | Jan. 5, 2015
Led by double-digit sales increases at Fiat Chrysler, GM, Hyundai-Kia, Toyota and Subaru, the auto industry closed out a stellar 2014 with a blockbuster December as consumers took advantage of year-end deals, lower fuel prices and an improving economy. Light-vehicle sales rose 11 percent in December -- slightly above forecasts -- and 6 percent to 16.53 million for the year. The annualized pace of sales hit 16.92 million units, the third-fastest sales rate of the year.... Read More »

 

13 sales records, but that's no record

12:01 am U.S. ET | Jan. 5, 2015
There are lots of ways to gauge really good years in the auto industry, but here's one of the best: how many brands set sales records.... Read More »

 

HYUNDAI

A thin crossover lineup; restless dealers

12:01 am U.S. ET | Jan. 5, 2015
A thin crossover lineup has kept Hyundai from capitalizing on the segment's boom.... Read More »

 

KIA

A wave of new products

12:01 am U.S. ET | Jan. 5, 2015
Kia executives, seeing minority groups as a growth opportunity, hired a dedicated agency last year, Chicago-based Lime Green, to handle multicultural communications.... Read More »

 

SECRET SERVICE

Inside the hush-hush competitive world of concept cars

12:01 am U.S. ET | Jan. 3, 2015
Protecting the secrets of industry rivals while simultaneously working with them to outshine one another can be a peculiar position.... Read More »

 

Hyundai, Kia forecast slowest global sales growth in 9 years

9:49 pm U.S. ET | Jan. 1, 2015
Hyundai Motor and Kia Motors forecast their weakest sales growth in nine years as they run out of capacity to increase output and competition intensifies in major markets.... Read More »

 

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