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Posts Tagged ‘hyundai news’

Hyundai Shows New 2016 Tucson Ahead of Geneva Debut

New ute gets sleeker look.

by on Feb.20, 2015

The 2016 Hyundai Tucson will get a new turbocharged 1.6-liter engine, but no diesel is available in the U.S.

Two weeks after teasing us with some early renderings – and another two weeks before its official debut at the Geneva Motor Show – Hyundai has offered up several complete images of the next generation Tucson sport-utility vehicle.

With a sleeker design that moves even further away from the classic, boxy SUV look of earlier versions, the new Tucson is clearly aimed at building Hyundai’s share of the booming global utility vehicle market.

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Among other things, the 2016 Hyundai Tucson will get a new turbocharged 1.6-liter engine. But U.S. buyers won’t get the diesel offered in Europe. (more…)

Hyundai Joining Commercial Vehicle Convoy

Maker non-committal on pickups in U.S.

by on Feb.19, 2015

Hyundai is looking to grow its burgeoning truck business with the Xcient heavy-duty truck.

Hyundai has had its eye on the truck and commercial vehicle market for a long time and now it’s making its move.

South Korea’s Hyundai Motor Co. announced in Seoul it plans to spend $1.8 billion by 2020 on the development of new commercial vehicles, including entering the race in the United States, to catch up with rivals in a rapidly growing global market, according to Reuters.

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In recent years, the commercial vehicle market has been re-shaped by companies, such as Nissan, Ford, Mercedes-Benz, Fiat Chrysler Automobiles and General Motors, that have replaced aging models with new more fuel-efficient vehicles that can fit more easily into heavy urban traffic. (more…)

Hyundai Veloster and Elantra Models Get Significant Upgrades for 2016

New Veloster performance edition, updated design and enhanced connectivity.

by on Feb.13, 2015

Hyundai will make just 1,200 Veloster Rally editions and they'll all come in Matte Blue.

Hyundai has two for the Windy City.

The quirky Hyundai Veloster coupe is getting some significant upgrades for the 2016 model-year, the Korean carmaker revealed during a Chicago Auto Show news conference. That includes design and connectivity enhancements, as well as a new Veloster Rally Edition.

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Meanwhile, Hyundai also used the Windy City as a backdrop to announced it is updating the 2016 Elantra GT, the compact model getting a “refreshed look,” along with the addition of some new tech features. (more…)

Kia Teases Geneva Concept: Are You the New Optima?

Show car could feature battery-based drivetrain.

by on Feb.10, 2015

Kia offers a hint of what could be the next Optima.

Kia has some big news coming in Geneva. And it’s confirming plans to reveal a new concept vehicle it says it has “created as a spacious and versatile accessory to an active lifestyle.”

Unlike other Korean concept cars of the recent past, this D-segment, or midsize, show vehicle appears – at least from this teaser image – to be nearly ready for production, which suggests that it may very well be a thinly disguised version of the next-generation Kia Optima.

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It is, the maker, hints, “a purposeful, energetic design study for the style-conscious, and as a sanctuary from the stresses of the modern world.”

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Hyundai Sketches Tease New Tucson

Korean carmaker will use Geneva as backdrop for ute’s unveiling.

by on Feb.04, 2015

Hyundai is giving everyone an early look the new Tucson ahead of its debut in Geneva.

Hyundai will roll out a major redesign of its popular Tucson sport-utility vehicle at the upcoming Geneva Motor Show. But it’s already offering a hint of what’s to come thanks to a sketch and a video that focuses in on the development process.

The updated Tucson will pick up on some of the latest Hyundai design cues, such as the signature hexagonal grille, refined by recent offering such as the second-generation Genesis luxury sedan.

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“Our new compact SUV will be a big step forward for the Hyundai brand globally,” said Peter Schreyer, president and chief design officer of Hyundai Motor Group, in a statement accompanying the Tucson sketch. (more…)

Hyundai Goes for the Hybrid Two-fer with Sonata

Maker rolls out hybrid and plug-in hybrid for 2016.

by on Jan.13, 2015

Hyundai introduced the 2016 Sonata hybrid and plug-in hybrid at the Detroit Auto Show. Photo credit: Len Katz

Hyundai jumped into the midsize hybrid vehicle fray this week with both feet, or versions anyway: gas-electric and plug-in hybrid with the Sonata at the Detroit Auto Show.

The plug-in version is new for Hyundai and marks the first time the Korean automaker has offered one. The Sonata PHEV can travel 22 miles in pure electric mode, which the maker claims is farther than any other midsize PHEV. Sonata PHEV is expected to deliver 93 MPGe combined in EV mode based on internal estimates.

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It’s powered by a 9.8-kWh lithium polymer battery and a 50-kW electric motor. Recharge time ranges from two and a half hours at a 240V Level 2 charging station to five hours using a standard 120V outlet. (more…)

Hyundai Santa Cruz Concept Asks: When is a Truck Not a Truck

by on Jan.13, 2015

Hyundai hopes show-goers will give thumbs up to the potential segment-busting Santa Cruz concept. Photo credit: Len Katz

In today’s crowded market, automakers are constantly looking for new opportunities, so called “white spaces” where they can target a new niche of buyers.

After years of toying with the idea of entering the pickup truck market, Hyundai may have come up with an alternative in the form of the Santa Cruz Concept making its debut at this year’s North American International Auto Show.

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Santa Cruz , starts with a 5-seat crossover-like cabin mated to a shortened, pickup-style bed. But don’t call it a pickup, insists Hyundai Director of Corporate Planning Mark Dytko. “No everyone who needs an open bed wants a pickup,” he says.

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Hyundai Reveals $74 Billion Investment Plan

Annual spending will exceed previous record by 35%.

by on Jan.07, 2015

Hyundai Motor Group is going to invest about $74 billion into the company during the next four years.

In an effort to expand its line-up and add much-needed production capacity, Hyundai Motor Group plans to invest almost $74 billion over the next four years.

The move was announced barely a week after Chung Moon-koo, the chairman of the group that controls both Hyundai and Seoul-based affiliate Kia, forecast the group will see its slowest growth in a decade as it deals with increased competition and a weaker global economy. Hyundai officials have also said that once-booming growth has been restricted by limited production capacity in key markets including North America.

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At 81 trillion Korean won, the spending plan by the world’s fifth-largest automaker works out to a 35% annual increase for each of the four years compared with 2014’s previous record investment level of 14.9 trillion won. (more…)

Korean Carmakers Could See Growth Stall

Chairman forecasts tough year ahead.

by on Jan.02, 2015

Hyundai Motor Group Chairman Mong-Koo Chung.

After nearly a decade of rapid sales growth, Korean carmaker Hyundai Motor Group could be facing some serious headwinds in the year ahead.

Chung Moon-koo, the chairman of the group that controls both Hyundai and its Seoul-based affiliate, Kia, forecast the group will see its slowest growth in a decade as it deals with increased competition and a weaker global economy.

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During a New Year’s speech to employees, Chung predicted the world’s fifth-largest automaker will generate only 2.5% more sales in 2015. He also warned that the Hyundai Motor Group will need to cut costs, increase productivity and take other steps to cope with competition from Japanese makers like Toyota, Nissan and Honda who are benefiting from a cheap yen.

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Hyundai – Kia Sales to Hit Record 8 Million

But profits under pressure.

by on Nov.25, 2014

A fuel-cell version of the popular Hyundai Tucson went on sale in the U.S. market last summer.

Hyundai Motor Co. and its sibling Kia Motors Corp. are collectively heading for an all-time sales record of 8 million this year.

On the downside, Hyundai is facing serious pressure on earnings as the Korean won gains strength. That creates a disadvantage when compared to Japanese rivals who have watched earnings soar on the weak yen.

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“The market still does not look rosy,” Chung Mong Koo, who serves as chairman of both Hyundai and Kia, said in the statement. “Let’s overcome the unfavorable market situation and show our automobile industry’s competence.”

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