This is the Hyundai ix20, a a European-style subcompact MPV in the style of Honda’s Fit. Or, more precisely, in the style of Kia’s Venga. In fact, the similarities between the new Hyundai and its Kia-branded predecessor are strong enough to hint at a future of GM-style brand differentiation issues for the Korean concern. And here’s the real irony: both cars share a platform with the Kia Soul, an American-style B-Segment MPV (possibly the only car to fit that description). Couldn’t Kia have rocked the Soul and left the ix20/Venga segment to Hyundai? Or was the Venga simply too good-looking to die? Either way, these two taught twins are a bit close for comfort.
Remember when Hyundai was famous for cheap, tiny hatchbacks instead of sculpted, Lexus-alike sedans? Though Hyundai’s first hybrid will be based on its popular Sonata, its first-ever EV is based on its old-school i10 hatchback. The AP reports that the BlueOn (remember, blue is the new green) will be delivered to Korean government fleets this year, with sales to the public starting in 2012. Hyundai hasn’t disclosed whether the BlueOn’s pricetag will be as old-school Hyundai as the i10, but with only 87 miles of EV range and 80 MPH from 16.4 kWh of Lithium-polymer batteries, it looks like low-cost city transport is the name of the game. But with a planned production volume of 2,500 units per year, the BlueOn shows how far Hyundai still has to come before catching up with the Nissans and Mitsubishis of the EV world. Then again, Hyundai’s come from behind before…
Hyundai plans to raise its worldwide production capacity (including Kia) to 6.5 million a year by 2012, company sources told The Nikkei [sub]. To put that into perspective: In 2009, the Hyundai/Kia chaebol sold 4,645,776 cars. To put it further into perspective: GM sold 6.5m cars worldwide in 2009. Here is the expansion blueprint: (Read More…)
When Renault and Nissan signed an agreement to form an alliance, few expected it to work. In fact, according to the book “Shift” (or was it “Turn Around”?), Bob Lutz was quoted as saying that Renault would be better off taking the money they spent on the Nissan stake, putting it on a ship, sailing it into the middle of the ocean and sinking it. Another accurate prediction from the One of Maximum Bullsh*t. The reason that the Renault-Nissan has worked so well so far is, according to Carlos Ghosn, communication. Without communication, how can you expect your partner to understand you? Sounds simple, right? Not to Hyundai and Kia. (Read More…)
A few days ago, TTAC reported that Vladimir Putin issued an ultimatum to foreign car makers, “invest here or else”. 4 days later, VW announced that they were planning a new assembly line at GAZ, and more capacity at their Kaluga plant in Russia. Coincidence? Probably. But it seems like others are following suit. Pretty bloody quickly. (Read More…)
Subaru and Hyundai/Kia have been two of the strongest-growing brands in America over the past year or so, but even their momentum wasn’t enough to prevent “uh-oh” moments this month. Subaru sales fell 23 percent, despite another strong showing from Outback (+37%, 8,053). Forester and Impreza, which launched Subaru to a 52% sales jump last August, were down 39 and 42 percent respectively. Hyundai was another big winner in last year’s C4C sales glut, and its volume was down considerably by comparison last month. Accent and Santa Fe were down by 50 percent or more, but the redesigned Sonata did manage to nearly double its August 09 volume. Even Genesis was up (as was Tucson), but Hyundai still ended the month with a 11 percent overall sales decline. The biggest contributor: Accent, which sold 3,844 compared to 10,099 in August 2009. Kia fell about 23 percent, as Forte, Sorento, Sedona and Soul gains were offset by huge declines in Rio, Spectra, Optima and Sportage. Full numbers after the jump…
Did we mention that Hyundai is doing well in the U.S.? Sales up 21 percent for the year. Hyundai cars sold in the U.S. average about 30 miles per gallon, the best fuel efficiency in the industry. Jack Baruth loves his 2005 Hyundai Accent so much that major portions had to be redacted such as not to conflict with indecency laws. Can Hyundai do much better than that? They think they can. How? No idea. (Read More…)
It’s come to my attention that many TTAC readers are extremely disturbed by my willingness to share the lurid details of my Technicolor lifestyle with all of you. Some of you don’t believe anything I say; others believe it all and are simply horrified. After some quiet counseling with my spiritual advisor, I’ve decided to confine myself to traditional auto-writing for a while. Unfortunately, I made this decision after completing the review you’re about to read. For your comfort, I’ve redacted the ridiculous jargon, shocking sexual audacity and repulsive images of the ghetto. Whenever you see a word in brackets, like this –> [Wildflower] < -- it means that I've changed the text from the original. Please read on in total bliss, knowing you will not be offended - JB
As previously discussed, I’m a little short on cars at the moment. Therefore, when I heard that there was a spot open for the 2011 Ford Edge preview, just 403 miles away in Nashville, TN, I didn’t know how I was going to get there. Luckily, I know a [fellow] who was more than willing to help. [He] is a former exotic [animal trainer] who now works as a hair-[spring winder at a major Swiss-watch company]. Somehow [he] escaped from [his] last relationship with a free 2005 Hyundai Accent GL automatic. I’m not sure how [he] got it; when I asked [he] said something about a particularly vigorous reverse [cowboy]. No matter. We decided to head down to Nashville for some auto reviewing and an all-night [recording] session. (Read More…)
Hyundai’s most famous superbowl ad may have imagined executives at Lexus and BMW getting steamed at the success of the Genesis, but that’s not necessarily where the upstart Korean brand is making the biggest impression on competitors. In fact, it’s Hyundai’s ability to market value so successfully, even in the premium space, that’s got the other automakers steamed. But instead of getting mad at Hyundai’s building momentum and reputation, GM’s getting even. Having already poached away former Hyundai marketing boss (and the man behind this ad) Joel Ewanick to lead GM’s entire marketing effort, GM just snagged Ewanick’s replacement as VP Marketing at Hyundai, Chris Perry, to head up Chevrolet marketing [via Automotive News [sub]. That’s right, two VP’s of marketing from the same upstart Korean brand, both poached away by GM… You think The General might be looking for people who can tell the momentum-turnaround, finally-getting-some-respect-around-here storyline? (Read More…)
When Apple releases a new product, people wait in line for it. Steve Jobs talks, everyone buys. Apple often runs out of stuff that is in high demand. Usually, people will wait. Hyundai has a similar problem. But maybe not a similar solution. (Read More…)
Another month, another sales record for Hyundai/Kia. At this point, it’s getting tough to expect anything else. Elantra took top honors for the Korean concern last month, as Hyundai USA CEO John Krafcik confirms that sales of the new Sonata and the Santa Fe are both capacity restrained at this point. Krafcik tells Automotive News [sub] that an undisclosed US production capacity increase is in the works, as Hyundai is selling Sonata and Santa Fe faster than they can build them. Soul and Sorento are hitting their stride for Kia as well, with the Soul cresting 8k units last month and the Sorento topping 9k. But perhaps one of the best signs that Hyundai/Kia are in a good place is that only the aging Accent failed to beat its Cash-for-Clunker-driven July 2009 number. We’ll see what happens next month, but further out, Krafcik tells AN [sub] that Hyundai is targeting a 50 MPG fleet average for 2025. Even with no plans to sell pickups in the US, Hyundai’s prospects look bright in this market.
The Korea Times reports that the Seoul Central District court has ordered the union of a subcontractor of Hyundai-Kia to remove a picture from the walls of the union headquarters. A court order? To take down a picture? Why? (Read More…)
Our Korea-based contributor Walter Foreman already suspected that the new Hyundai Avante might be one of the world’s first mass-market compact car with a self-parking feature (similar systems are offered on the Toyota Prius and Euro-market VW Golf), and this video proves that he was dead right. What’s still not clear is whether self-parking is standard on the new Avante (launching August 2 in Korea), or whether it will be offered when it comes stateside as either the 2011 or 2012 Elantra. This would be the ultimate challenge for such technology, as legal concerns allegedly kept Volkswagen’s pioneering system out of the US. Still, Hyundai had the cojones to equip its mass-market C-segment car with technology that just a few years ago was available only on the Lexus LS. That’s exactly the kind of decision that has Hyundai raising eyebrows across the industry.
Our Korean contributor Walter Foreman hipped us to this, one of the first videos of the 2012 Hyundai Elantra taking to the streets [via DaumTV]. Of course, in Korean spec it’s called the Avante, but when it finally gets sold stateside, it’s sure to be known as the “baby Sonata.” Or perhaps “that car that makes the Cruze look so deathly boring by comparison.” Or possibly, “a precisely scaled execution of Hyundai’s fluidic sculpture design language.” Or, if Hyundai’s really successful over the next year or so, people will refer to it as “just the new Hyundai.” It’s amazing how much change people can become accustomed to.
24/7 Wall Street seems to believe that Hyundai’s junior brand could go away in the next year and a half, as it named Kia to its “Ten Brands That Will Disappear in 2011” list. This despite the fact that Kia’s first-half sales were up 15 percent over the first half of 2009, and Kia’s rolling 12-month sales are over 22 percent higher than its performance in the previous 12 months. So, why does 24/7 Wall Street see Kia disappearing?
Kia Motors Corporation is one of the two car brands of Hyundai of South Korea. It has always been a marginal brand. Its stable mate, Hyundai USA, has a reputation for high quality cars like the Sonata and Genesis. Kia sells “low rent” cars and SUV nameplates like the Sorento and Rio. As GM and Ford have already discovered, it is expensive to maintain multiple brands and storied car names, including Pontiac, Saturn, and Mercury, are disappearing. Most Kia cars sell for $14,000 to $25,000. Hyundai has several cars in the same price range. Hyundai’s Sonata has quickly become one of the best-selling cars in America, and its Genesis flagship model competes with mid-sized BMWs and Mercedes. The parent company will take a page from several other global car companies and dump its weakest brand.
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