Kia

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

Hyundai to build 2 factories in China to better compete with VW, GM

7:41 am U.S. ET | Dec. 30, 2014

Hyundai will build two factories in China, its first new manufacturing plants since 2012 as the South Korean automaker bets on growth in the world's biggest car market even as the economy slows.... Read More »

Hyundai, Kia promote younger execs, with eye on succession planning

7:57 am U.S. ET | Dec. 26, 2014

Hyundai Motor and affiliate Kia Motors promoted younger executives in moves analysts said would help smooth an eventual leadership succession at the family-owned conglomerate.... Read More »

Hyundai Motor hires longtime BMW executive in performance-car push

9:26 pm U.S. ET | Dec. 21, 2014

Hyundai and affiliate Kia hired Albert Biermann, chief engineer for BMW's M performance cars and light trucks, to develop performance models and improve ride and handling. As executive vice president, Biermann will become the South Korean automakers' second-highest foreign executive after design chief Peter Schreyer, formerly of Audi.... Read More »

AvtoVAZ blames supplier woes for Lada's loss of No. 1 spot

Dec. 20, 2014 06:01 CET

AvtoVAZ blamed supplier problems for Ladas failure to have the No. 1-selling car in Russia last month after the Kia Rio outsold the Lada Granta.... Read More »

BILL COLE, DEALER, COLE AUTOMOTIVE GROUP

A voice for dealers, business in West Virginia Senate

12:01 am U.S. ET | Dec. 1, 2014

Dealer Bill Cole, 58, is poised to become president of the West Virginia Senate next year, and the state's lieutenant governor.... Read More »

Q&A

Hyundai needs a design hierarchy, Schreyer says

12:01 am U.S. ET | Nov. 28, 2014

Hyundai Motor Group President Peter Schreyer gave Kia a fresh, familywide look after being hired from Volkswagen Group in 2006. Now he's doing the same for Hyundai, for which he took design responsibility in 2012. Schreyer, 61, wants to give Hyundai the equivalent of Kia's "tiger nose" grille so all of the brand's vehicles have a familiar face.... Read More »

Hyundai-Kia says it will sell record 8 million vehicles globally in 2014

6:22 am U.S. ET | Nov. 24, 2014

Hyundai and Kia said better-than-expected sales in Brazil, China and India will help them sell a record 8 million vehicles this year, even as a stronger won erodes profitability.... Read More »

Mercedes, Mini top J.D. Power sales satisfaction rankings

1:00 pm U.S. ET | Nov. 13, 2014

Mercedes-Benz ranked highest in sales satisfaction among luxury brands in the J.D. Power 2014 U.S. Sales Satisfaction Index Study released today. For a fifth consecutive year, Mini ranks highest among mass-market brands, with a score of 727.... Read More »

Automakers adopt protocols to handle, protect consumer data in connected car era

12:01 am U.S. ET | Nov. 13, 2014

Hoping to harness customer data to offer more services without eliciting an outcry over the misuse of personal information, major automakers today agreed to industry-wide principles to handle consumer data and safeguard individual privacy going forward.... Read More »

Hyundai Motor, Kia to spend $616 million to buy back shares

7:14 am U.S. ET | Nov. 11, 2014

Hyundai Motor and Kia Motors will buy back a combined 670 billion won ($616 million) of stock after their purchase of a Seoul property for three times the assessed price spurred a sell-off.... Read More »

Hyundai, Kia vow to raise mpg 25% by 2020

12:01 am U.S. ET | Nov. 10, 2014

Hyundai and affiliate Kia Motors aim to raise the average fuel economy of their vehicles by 25 percent by 2020.... Read More »

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