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AUTOMOTIVE NEWS EUROPE E-MAGAZINE Chevrolet slumps in EuropeJune 10, 2013 06:01 CET  Chevrolet -- General Motors' best-selling brand globally -- is falling further behind rivals in Europe as the region's buyers turn their backs on the marque's aging product lineup. Steep declines of Chevy's best-selling models in Europe pushed down the brand's sales in the region by 33 percent to 45,706 in a total market down 7 percent, according to industry body ACEA. Chevy's market share was 1.1 percent, down from 1.5 percent during the same period last year.... Read More »
Hyundai, Kia to ride out sales lull 12:01 am U.S. ET | June 10, 2013 Hyundai and Kia just turned in another lackluster sales report. The South Korean brands had become industry standouts in recent years, posting sales growth even amid the depths of the 2008-09 recession and drawing praise for their distinctive designs. But with production capacity maxed out, their U.S. growth has stalled.... Read More »
Kia aims to conquest upscale shoppers 12:01 am U.S. ET | May 27, 2013  Kia's near-luxury Cadenza sedan -- priced from around $36,000 and equipped to swipe customers from the Acura TL and Lexus ES -- underscores how far the marque has come since its days as a value brand for used-car intenders. Where it goes from here is less clear.... Read More »
With Cadenza, Kia stakes out turf in near-luxury market 12:01 am U.S. ET | May 27, 2013  Kia loaded its new U.S. flagship Cadenza sedan with high-tech content and upscale touches, hoping to seize on the rising image of its brand to steal customers from competitors such as the Acura TL, Lexus ES and Toyota Avalon.... Read More »
German brands enjoy sales boom in KoreaMay 21, 2013 06:01 CET  South Korea has become a growth market for BMW, Mercedes and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »
Hyundai, Kia losing ground to luxury imports at home as tariffs fall 12:01 am U.S. ET | May 19, 2013  Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 percent from 28 percent in the past two years, according to Korean industry groups, as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »
Subaru, Mitsubishi small crossovers top new crash test 12:01 am U.S. ET | May 16, 2013  The Subaru Forester and Mitsubishi Outlander Sport have won top honors from the Insurance Institute for Highway Safety, becoming the only small SUVs to ace the group's new "small overlap" crash test.... Read More »
Hyundai mulls 4th China plant, vice chairman says 2:31 am U.S. ET | May 10, 2013  Hyundai Motor is considering building a fourth car plant in China, its vice chairman said today, as the company seeks to increase production overseas to counter the effect of a firm local currency, a falling yen, and labor issues.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE Kia Europe boss sees growth despite tough marketMay 9, 2013 06:01 CET  Kia Europe President Brandon Yea believes the brand will continue its growth in the region this year despite tough economic conditions. Kia is sticking to its target of boosting annual sales to 420,000 by 2016 in the EU and EFTA markets from 338,000 last year. The brand's vehicle sales were up 3.5 percent in the first quarter in a market down nearly 10 percent.... Read More »
LATEST LAUNCHES Kia aims to conquer with new CarensMay 8, 2013 06:01 CET  Kia aims to break European automakers' leadership in the medium minivan segment with its new Carens... Read More »
Hyundai chief blunts talk of new U.S. plant 1:22 pm U.S. ET | May 6, 2013  Hyundai Motor Group does not immediately plan to build a new car factory in the United States, Chairman Chung Mong-koo said today, downplaying speculation that the South Korean automaker would soon announce production facilities in the key market.... Read More »
Kia Q1 profit tumbles 35% on reduced production, won 9:10 am U.S. ET | April 26, 2013  Kia posted a 35 percent drop in first-quarter profit after production at its main domestic factories fell and the won strengthened against the yen.... Read More »
Kia prices Cadenza large sedan at $35,900 4:19 pm U.S. ET | April 19, 2013  Kia has set the starting price of its new range-topping Cadenza sedan at $35,900, including shipping, to target the high-end of the large sedan segment.... Read More »
Hot Hyundai-Kia hit icy patch in first quarter 12:01 am U.S. ET | April 15, 2013  Hyundai-Kia U.S. retail sales, excluding fleet sales, totaled about 248,900 vehicles in the first quarter, down 9 percent from last year. Meanwhile, major competitors all increased sales to retail customers.... Read More »
Hyundai-Kia raises fleet sales as retail sales slide 12:01 am U.S. ET | April 15, 2013 To counteract slumping U.S. retail sales, Hyundai-Kia Automotive ratcheted up deliveries of vehicles to fleet buyers in March.... Read More »
As Korea gets hot, automakers remain cool 12:01 am U.S. ET | April 8, 2013  The expressway from downtown Seoul to the city's auto show venue is lined with tank traps, barbed wire and guard towers. Mounting tensions with North Korea are a chilling reminder why. Automakers there have long factored this into their business plans.... Read More »
ASIA As Korea gets hot, carmakers stay coolApril 8, 2013 06:01 CET The expressway from downtown Seoul to the city's auto show venue is lined with tank traps, barbed wire and guard towers. Mounting tensions with North Korea are a chilling reminder why. Automakers there have long factored this into their business plans.... Read More »
Refining the Hyundai-Kia brand plan 12:01 am U.S. ET | April 8, 2013  Only two months into his new job as the first joint global design chief of Hyundai and Kia, Peter Schreyer is guarded about his burgeoning makeover plans. But this much, he says, is clear: The sibling brands need more distinct identities.... Read More »
Dealership regroups after the murder of a sales manager on the job 3:26 pm U.S. ET | April 5, 2013  Florida dealer A.J. Hiers and his staff are coming to terms with the violent death of a colleague killed on the job on March 30. John Pratt, 64, was murdered while test driving a vehicle.... Read More »
Kia eyes BMW, Audi; aims to add technologyApril 5, 2013 06:01 CET  Not only is Kia benchmarking BMW and Audi; it is crawling out of the shadow of its bigger corporate sibling, Hyundai. Its new goal: model its own brand identity after Volkswagen's as it seeks to be mass-market yet one notch above the pack in terms of quality and flair.... Read More »
Hyundai to take 'global action' to fix brake light switchApril 4, 2013 06:01 CET  Hyundai and its affiliate, Kia, will take "global action" to fix a potentially faulty brake light switch, after they said they planned to recall almost 1.9 million cars in the United States. The move may mean the world's fifth-biggest automaker ends up recalling even more vehicles than that number, Hyundai's U.S. record, and is a stark warning that it may have sacrificed quality standards for rapid expansion.... Read More »
Hyundai, Kia recall 1.7M vehicles for faulty brake switch 8:35 am U.S. ET | April 3, 2013  Hyundai Motor and Kia Motors are recalling vehicles in the United States to replace a faulty switch that can prevent brake lights from illuminating and trigger other problems. About 1.7 million vehicles are involved. It is the second major recall involving the stop lamp switch, following the callback of more than 500,000 Hyundai vehicles in 2009.... Read More »
Kia down again; March sales fall 15% 3:46 pm U.S. ET | April 2, 2013 Kia Motors America’s March sales tumbled 15 percent from the all-time monthly sales record set in March 2012, the company said today.... Read More »
Kia aims to add technology, protect quality 12:01 am U.S. ET | April 1, 2013  Not only is Kia benchmarking BMW and Audi; it is crawling out of the shadow of its bigger corporate sibling, Hyundai. Its new goal: model its own brand identity after Volkswagen's as it seeks to be mass-market yet one notch above the pack in terms of quality and flair.... Read More »
NEW YORK AUTO SHOW Some dazzled N.Y.; some blew their noses 12:01 am U.S. ET | April 1, 2013  As West Coast Editor Mark Rechtin considered the vehicles unveiled at the New York auto show, he encountered a design trait we're destined to see more of: Sleek, sloping hoods are being replaced with bulkier snouts and corners.... Read More »
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