VW Reportedly Put a Price on the Table for GM’s Opel after Hearing Rumors about Hyundai’s Interest

German monthly publication ‘Manager Magazin’ reported in its latest issue that the Volkswagen Group has a far deeper interest in Opel than originally thought.
Citing unnamed sources close to the automaker, the financial magazine said that Volkswagen gave General Motors a rough estimate of what it is willing to pay for Opel after the German company heard rumors about Hyundai’s alleged interest in the European brand.
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2012 Hyundai Sonata Receives its First Facelift in South Korea

Hyundai has blessed the South Korean market version of its Sonata mid-size sedan with its very first mild facelift. Just don’t blink because you may very well miss it.
The light cosmetic surgery on the outside brings a revamped front grille with a little bit less chrome on top and around the sides, plus new LED taillights at the back, reshaped mirror casings and a fresh choice of alloy wheel designs including a set of 18-inch multispoke rims.
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The Truth About the Relationship Between Hyundai and Kia

Hyundai and Kia have a strange, symbiotic relationship. They share factories, parts as well as engineering knowhow and product testing duties. And yet they remain separate entities with their own marketing, distribution and styling departments.
Michael Sprague, Kia’s VP for marketing and communication describes their relationships to the New York Times likes this:
“Kia Motors America operates as a completely separate sales, marketing and distribution organization in the United States. [Hyundai and Kia share engineering efficiencies] similar in many ways to other global automakers.”
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GM Agrees to Pay Korean Workers a Record Bonus of $6,140 Each and Increase Basic Salaries by 4.7%!

The South Korean division of General Motors has agreed to a record bonus payment for its employees following a partial strike last week. This was the first organized union strike to hit GM Korea in three years and it led to a production loss of 9,700 units.
The agreement between GM Korea and the union includes a raise of basic salaries by 4.7% and, more importantly, a $6,140 (6.5 million won) bonus to each worker.
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New Gen Y Buyer Survey Spells Trouble for Detroit

Auto pricing website TrueCar studied the car buying behaviour of four million Gen Y (18 to 27 year-old) over a twenty-four month period and here’s what they found.
Scion took the crown for top brand, with 37.4% of the market and for top model (the tC coupe), with 21.2%, while second place went to Mitsubishi (32.1%) and their Lancer sedan (20.3%).
Mazda was the third most visited brand for Gen Y buyers, though only 17th in terms of model. The top four vehicle choices were Japanese, with a German in seventh place and a South Korean in ninth.
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Toyota and Honda want to Win Back Sales Share from Hyundai Sonata with New Models

Not too long ago, if someone told you that a South Korean model would challenge America’s best selling sedan, the Toyota Camry, you would have probably laughed in his or her face.
Needless to say, a lot has changed over the past few years with Hyundai and in particular its latest Sonata sedan, not only challenging, but this past May even surpassing the Camry in U.S. sales for the first time in history.
Of course, the fact that Toyota’s production capabilities were seriously affected by the aftermath of the March 11 earthquake, tsunami and nuclear disaster in Japan, played a significant role in Hyundai’s accomplishment.
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Black Card Holders Just as Likely to own a Hyundai as a Bentley or an Audi

If you are one of American Express’ very special customers, and have US$16.3 million in assets and an annual household income of around US$1.3 million, you may be granted the privilege of one of their black Centurion Cards.
Simon Cowell has one, as does Kanye West, Denzel Washington and Lindsay Lohan. Interestingly, and of more concern to readers of this blog, you might also be the proud owner of a Hyundai.

During the course of a presentation at the South Korean automaker’s Ann Arbor engineering and research centre, Hyundai’s U.S. Chief John Krafcik revealed that some 6% of “Black Card” holders own a Hyundai – a percentage shared with those who own Bentleys and Audis.
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Argentina Agrees to Allow Hyundai and Kia Imports for Peanuts – Literally…

Argentina’s exports for imports saga continues, with South Korean carmaker Hyundai agreeing to export peanuts, wine, biodiesel and soy flour to offset the US$91 million (€64 million) it added to Argentina’s growing trade deficit in 2010. Partner company / subsidiary Kia has agreed export white goods and plastics for their contribution.
The South American nation’s US$6 billion (€4.19 billion) trade deficit has already led to one Porsche distributor agreeing to export wine and olive products, while similar deals have been struck with carmakers Chery, GM, Peugeot-Citroen, Alfa Romeo, Mercedes-Benz, Volkswagen, Fiat and Ford.
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Hyundai Releases Sketches of its 2010 Equus Flagship Luxury Sedan

Hyundai has published a set of teaser renderings of its new flagship saloon that will be officially introduced in February, 2009. Codenamed VI, the new luxury sedan will sit atop the Genesis in Hyundai's car range serving as a replacement for the outdated Equus. The VI's design looks pretty aggressive in these pics, but then again all cars look good in teaser sketches...

Unlike the front-wheel drive Equus, the VI will adopt the Genesis' rear-wheel drive architecture as Hyundai wants to make it a more credible competitor against the Lexus LS460, BMW 7-Series and Mercedes-Benz S-Class. Powertrain options will. include a 3.8-liter Lambda V6 engine and a 4.6-liter Tau V8 while a top-of-the-range stretched limousine edition that will bow in the second half of 2009 will feature a 5.0-liter variant of the Tau V8.

Compared to the Equus, the VI will be longer, wider and taller measuring 5,160mm in length, 1,900mm in width and 1,495mm in height. The sedan's highlights will include a second-generation Vehicle Stability Management System (VSM2), a Lane Departure Warning System (LDWS) that employs a vision sensor to monitor traffic lane markers and a Pre-Safety Seatbelt System which on detecting an imminent front-end collision, will automatically reel-in the safety belts to maximize the safety of the occupants.

For the time being, Hyundai has no plans to export VI to the North American or European markets.

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Global Car Sales to Drop 7.7% to 60 Million Units in 2009, according to Hyundai Chairman

South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that the company expects global sales to drop at least 7,7 percent to 60 million units in 2009 from around 65 million in 2008. "Next year will be a critical time for all automakers as there could be a big industry wide shake-up amid slowing sales and overcapacity", Choi said, according to Hyundai spokesman Ki Jin Ho.

"Even Toyota is predicting an operating loss, which was unthinkable before," Choi said in his speech to the company's employees.

As for Hyundai and its Kia affiliate, the company adjusted its forecast for 2008 sales this month from 4.8 million to 4.2 million. Currently, the two automakers have a combined production capacity of around 5.3 million vehicles annually.

Via: Bloomberg

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Hyundai Genesis Coupe to Star in Race-Inspired Super Bowl Ads

Hyundai will air its first two television advertisements for the new 2010 Genesis Coupe during the Super Bowl XLIII on Sunday, February 1, 2009. The two distinct 30-second spots will see race driver Rhys Millen getting behind the wheel of the 306HP Genesis Coupe 3.8L V6. Millen will navigate the rear-wheel drive sports car around the 2.54-mile, 12-turn race track at Road Atlanta in Northeast Georgia to show off the Genesis Coupe's capabilities.

The first commercial that will air in the first half of the game will be choreographed to music performed by Yo-Yo Ma in the version. A second musical talent will be introduced in the following 30-second spot, featuring re-edited precision driving footage matched to a completely distinct soundtrack.

"Genesis Coupe is Hyundai's most dynamic performance car ever and it is the second-consecutive all-new model introduction from Hyundai to debut during the Super Bowl," said Joel Ewanick, vice president of Marketing, Hyundai Motor America. "So many elements come together in these advertisements that showcase the Genesis Coupe's design and performance that we know it will cast a halo over the entire brand."

Aside from the range-topping 3.8-liter V6 version, the Genesis Coupe will also be offered with a 30-mpg 2.0-liter model with a low-pressure intercooled four-cylinder turbocharged engine producing 210 horsepower.

Source URL: http://sparesomeribs.blogspot.com/search/label/Hyundai
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2010 Hyundai Sonata / i40, Tuscon and i30 Facelift Shown on Korean TV

The Korean Broadcasting System (KBS), South Korea's premium public broadcaster, recently aired a program that focused on Hyundai's R&D facility located in Namyang, Korea. Among other things, the show revealed a prototype model of the next-generation Hyundai Sonata undergoing testing as well as a camouflaged 2010 Hyundai Tuscon and a designers sketch depicting what appears to be a proposal for facelifted i30 hatchback. The new Sonata that will be called i40 in Europe and other international markets, is due to arrive in Hyundai's dealerships by early-2010.

Based on a newly developed platform, the 2010 Sonata will be offered with an array of engines including Hyundai's new 2.0- and 2.2-liter turbo diesels with outputs of 184HP and 200HP respectively, as well as a 2.0-litre petrol engine available in naturally aspirated and turbocharged versions.





Source: KBS1 , Via: TheCarBlogger

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2009 Hyundai Elantra Touring Priced from $18,495

Hyundai has just released U.S. pricing information for its new Elantra Touring five-door compact model which is sold in Europe as the i30 Crossover Wagon. Prices start from $18,495 for the entry-level model and $19,995 for one featuring a Premium-Sport package. In the U.S., the Elantra Touring is offered exclusively with the same 2.0-liter inline four-cylinder engine found in the Elantra sedan. With a manual transmission, the Elantra Touring's mileage is 23 mpg city and 31 mpg highway while with the optional four-speed, automatic transmission, the Hyundai's EPA rating is 23 mpg city and 30 mpg highway.

The entry level model's standard equipment includes air conditioning, power windows, heated mirrors, remote keyless entry with alarm, steering wheel-mounted cruise control and audio controls, eight-way adjustable driver's seat with lumbar support, a cooled glove box and an integrated 172-Watt AM/FM/XM Satellite Radio/CD/MP3 audio system with six speakers, USB input and auxiliary input.

The Premium-Sport package adds a power sunroof with tilt and slide functions, heated front seats and 17-inch alloy wheels with P215/45VR17 tires. The all-new 2009 Elantra Touring will be available at Hyundai's dealerships in the first quarter of 2009.

2009 Elantra Touring Manufacturer's Suggested Retail Pricing

• Touring M/T Standard Equipment Five-Speed M/T with B&M Sport shifter $18,495

• Touring A/T Standard Equipment Four-Speed A/T $19,295

• Touring M/T Premium-Sport Five-Speed M/T with B&M Sport shifter $19,995

• Touring A/T Premium-Sport Four-Speed A/T $20,795




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Hyundai Reveals New Six-Speed Auto Transmission

Set to be rolled out on selected models in 2009 onwards, Hyundai's new six-speed automatic transmission promises to boosts fuel economy by 12% and is 12kg (26.5 lbs) lighter and has 62 fewer parts than a 5-speed auto transaxle. With the introduction of the new transmission, Hyundai becomes only the third company in the world to develop its own six-speed automatic transaxle after Toyota and a GM/Ford joint venture.

Designed for transverse engine applications in cars and SUVs, the new compact transaxle that went into production in December will be offered in a total of five variants to accommodate a wide range of petrol and diesel engines. Overall, 16 different Hyundai models will get this transmission.

"The strength of our design is its completely unique layout, which makes it smaller, more compact and lighter than any other six-speed on the market today," said Hong-Min Kim, the project manager of the transaxle at Hyundai R&D Centre.

The new tranny will make its debut in the new Hyundai Grandeur equipped with a 3.3-litre V6 petrol engine. Hyundai said that in this application, the new gearbox delivers a 12.2 percent gain in fuel economy and is 2.5 percent quicker in zero to 62mph (100km/h) acceleration times (7.8sec versus 8.0 sec).It also delivers an 11 percent improvement in 60km/h to 100km/h overtaking performance (4.0 sec versus 4.5 sec).

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Hyundai and Kia Freeze Amdinistrative Wages and Reduce Production

As the recession deepens and car sales across the world plunge, automakers are trying to pull every trick out of the book to reduce their losses. Hyundai and its affiliate Kia Motors said in a joint statement released today that they will freeze wages for administrative workers and reduce production at their plants by cutting down on their operations by an average of four hours a day in December. The two Korean automakers said that they expect to sell around 4.2 million vehicles in 2008, which is approximately 600,000 units less than originally planned.

Via: Bloomberg

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2010 Kia Soul Mini-MPV Scooped Inside and Out

First of all, allow us to say that it is not at all certain that Kia's new mini MPV model will use the Soul name. However, the car which bears the codename YN, does share the same platform with the new Kia Soul as well as with the Hyundai i20. Set to take the fight to the Opel Meriva, Nissan Note and Honda Jazz when it's launched at the end of 2009, Kia's new little MPV will offer more space and practicality than its faux-crossover Soul sibling.

The prototype model's heavy camouflage does not allow us to see any exterior details other than the large panoramic roof, but it is apparent that Kia's mini MPV will be less flashy and funky than the Soul. Inside, as is evident from the scoop photos, the mini MPV uses the same three-gauge instrument panel and three-spoke steering wheel as the Soul, though the center console has been completely redesigned. Buyers should expect to find lots of clever folding seats and plenty of storage compartments.

Powertrain options will include 1.6-liter petrol and diesel engines, both producing an output of 126HP, while some markets will also get a 115HP 1.6-liter diesel and a 142HP 2.0-liter gasoline engine.

The new mini-MPV will be manufactured by Kia's sister brand Hyundai at the company's new factory at Nosovice in the Czech Republic, although Korean versions are likely to be built in Korea. Production of Hyundai's version of the mini-MPV, which will replace the Matrix, will start in the Czech factory in 2010.

Expect to see Kia's little minivan making its global premiere at the Geneva Motor Show in March 2009.












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2010 Hyundai Tuscon SUV Scooped

The second-generation model of Hyundai's Tucson SUV that is due for a market launch in mid-to-late 2009 has been caught by our spy photographers outside the Korean firm's European headquarters in Germany. Even though the prototype model seen here was wrapped around with enough plastic to prevent prying eyes from catching a glimpse of the SUV's styling details, the sloppier rear roofline suggests that the 2010 Tuscon will look less robust and even more "crossoverish" than the current generation model.

Our spy photographers also managed to snap a few shots of the compact SUV's interior which was totally uncovered. The 2010 Tuscon's dashboard has been completely overhauled with the center console featuring a similar design to that of the i30 hatchback.

Developed on Hyundai's compact architecture, the Tuscon will share the same platform with the forthcoming Kia Sportage. Like the current model, the new Tuscon will be offered in both front-wheel drive and all-wheel drive versions.

Hyundai's new proposal in the compact SUV segment will feature a revamped petrol engine line-up. In Europe and other selected markets the Tuscon will also be available with Hyundai's newly developed 4-cylinder turbo diesel that will be offered in two versions with 2.0- and 2.2-liters displacement and outputs of 184HP and 200HP respectively. Both diesel units will be matted to either a 6-speed automatic transmission or a 6-speed manual gearbox.








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