I admit I’ve got a sick fascination with luxury cars sold by companies not (at the time, in this market) known for luxury. There’s the Mitsubishi Diamante, of course, and the Mazda 929, and even the Volvo 262C Bertone (I’m still looking for a junked Daewoo Leganza, but either they don’t exist or— more likely— they fade into the junkyard background so perfectly that I never notice them). The Hyundai XG, well, that’s a perfect example of the “who’s laughing now?” phenomenon; just a decade ago, we all chortled at the idea of a Korean luxury sedan selling in the United States. Today, German and Japanese car-industry execs wake up screaming from Hyundai-themed nightmares. So, that makes today’s Junkyard Find of great historical significance (to me and maybe a dozen others). (Read More…)

Hyundai Auto Canada reached a settlement with consumers in a class action lawsuit over exaggerated fuel economy numbers among their Hyundai and Kia lineup of vehicles, paying a total of $46.65 million CAD ($41.85 million USD) in the deal, according to just-auto.

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Mishie writes:

Hi –

I love your blog. Its been an invaluable resource in my efforts to purchase a car. I have a pretty long daily commute and I’m a bit of a greenie so I’m really interested in purchasing a hybrid. I’ve looked at a number of models including the new Honda Accord hybrid but I’ve hesitated in buying the model I really wanted – the Prius – because of reports of acceleration and braking issues. Do those issues still persist? (Read More…)

As the yen weakened against the dollar for a second consecutive year, Honda, Nissan and Toyota all set production records in their North American plants in 2013, according to Automotive News.

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Ever wonder how product planning really works? It turns out that product planners aren’t just hired to sit around and tell car companies what to build. Apparently you have to do things like work with data and make Excel pivot tables. Which is why I’m still working here. But the 2015 Hyundai Genesis gives us an interesting example of what drives product planning decisions.

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2014 may only be a day old, but it’s already shaping up to be a rough year for Hyundai and Kia as they prepare to increase global sales by just 4 percent this year, the lowest and bleakest forecast for the Korean duo since 2003.

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While Skoda has long been the Cinderella story of the Czech Republic, Skoda could soon find itself deposed as sovereign of their domestic auto market.

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Automotive News reports that Hyundai CEO John Krafcik will be stepping down from his post as of January 1st, at the completion of his contract. While this would normally be the sort of thing reported by TTAC Staff, Krafcik has been as influential as former EIC’s Bertel Schmitt and Ed Niedermeyer in my understanding of the auto industry.

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Hyundai Motor America and Kia Motors America have agreed to pay as much as $395 million to settle class action lawsuits filed after the Korean automakers overstated fuel economy ratings on about 900,000 vehicles sold in the U.S. Hyundai’s share will be as much as $210 million while Kia will have to pay up to $185 million, according to statements issued by the companies and reports by Automotive News. The settlements must still undergo court review, expected early next year.

The lawsuits were filed after the companies disclosed in November of 2012 that approximately 600,000 Hyundais and 300,000 Kias from the 2011, 2012 and 2013 model years were sold with EPA fuel economy ratings that weren’t accurate. (Read More…)

Ryan writes:

OK, so the granddaddy of oval car logos must be the Ford blue oval, but they sure do have a lot of imitators. So, how about a Vellum Venom on Comparative Oval Logos in the Automotive Industry? Or if you don’t like this pitch, maybe put Sanjeev on it. I bet he’d do this article. (Read More…)

Following on the heels of General Motors CEO Dan Akerson’s recent resignation, Chevrolet’s chief marketing officer for the United States Chris Perry has called it a day effective immediately.

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Though Hyundai has set its sights on some sales gains in 2014 in the European market, the automaker has no plans to defend market share to the death, opting for repeat business rather than taking the Germanic approach of volume at all costs.

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A recent conversation with a blubber-lined autojourno archetype:

He: “What’re you driving this week?”

Me: “2014 Hyundai Santa Fe Limited”

He: “I hate crossovers. People should just buy wagons. In Europe…blahblahblah…diesel…estate….shooting brake…nomnomnom…where’s the bar?”

Koo-Koo-Ka-Choo, my friend The Walrus doesn’t get it.
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Everybody on the internet knows that buying new cars is just plain stupid. New cars, after all, are just “depreciating hunks of metal.” New cars depreciate an average of 20% immediately, and then go down another 15% each year after that, according to sources such as KBB and Edmunds. According to every message board I’ve ever read, buying a new car will probably cause you to lose your house, get divorced, and be sent to the Chateau d’If for thirteen years.

But how true is that? And if it is true, does it matter? Let’s find out.
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Speaking at a preview event for the next-generation Hyundai Genesis, Hyundai CEO John Krafcik defended his company’s decision to forgo establishing a seperate luxury channel for cars like the Genesis and Equus. While the rationale put forth usually revolves around the exorbitantly expensive pricetag for launching a new brand and an all-new sales network, Krafcik put it from another angle.

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