Tag: Korea
The Korean word for ‘five’ sounds like “oh,” as in, “Oh, Snap!” or “OMG.” So in Korea, that makes Kia’s new K5 a “K.O.,” at least in name. But does Kia’s new Camccord fighter actually land a knockout on the all-important D-Segment, or is it a mere win by decision?

If there’s a maxim the auto industry can take to the bank, it’s this: focus wins. Knowing a brand’s advantages and maintaining a laser-like focus on them is the way to win in the car game, and it’s a lesson Hyundai has clearly learned. Over the last several years, Hyundai has caught the media’s attention by moving into the luxury and coupe segments with its Genesis, but the real offensive is still coming. The redesigned Sonata was the tip of the spear, giving Hyundai a top-notch competitor in the all-important D-Segment, and next up are similarly improved versions of the Elantra and Accent. These three models have been some of Hyundai’s most enduringly successful nameplates, and as this graph proves, they’ve been responsible for much of the brand’s recent sales growth. They’ve even maintained decent momentum towards the end of their model lifes. With the new Tucson replacing the Santa Fe as Hyundai’s top-selling crossover, Hyundai has been able to maintain a competitive crossover nameplate for several years now, but even the hot CUV segment likely won’t provide as much juice to Hyundai sales as the redesigned Elantra and Accent. Meanwhile, Hyundai’s entries into the luxury and sporty space seem to have amounted to little more than a distraction… the lurking danger for every automaker.
This is a big week for TTAC. A really properly big week. We’ve just had our new budget approved, and as a result, we’ve got some masthead changes to announce shortly… including the hiring of the newest member of Team TTAC, who just happens to be one of my favorite auto writers on the whole damn Web. We’re waiting on a few last-minute details before we make these big announcements though, so in the meantime you’ll have to make do with a smaller announcement: though you might not know it from the content that’s gone up so far today, this week will be Korea Week at TTAC.
Why? Because the rise of the Korean automakers has been one of the biggest automotive stories of the last decade. Twenty years ago, just as Japanese brands were gaining mass-market acceptance in the United States, Korean brands were the punchline of America’s new-car market. But like the Japanese before them, the Korean automakers persisted and successfully entered the automotive mainstream, both with their own brands, and as developers of captive imports and global products for American automakers like GM. Now, with the automotive industry still reeling from the economic downturn, Hyundai and Kia are poised to make serious inroads on the US market, with new products that are capturing the attention of the media and the public.
Over the next week, we’ll explore the history of the Korean automakers, their rise to power, and the vehicles that they built along the way. We’ll also be featuring reviews of the newest products coming out of Korea, starting with one of the Web’s first reviews of the 2011 Kia Optima (Korean-Market Spec), directly from our man in Korea. So pull up a chair, break out the BiBimBap, and stand by for a week of Kimchi-flavored coverage here at TTAC!
Ur-Turn is your weekly opportunity to contribute to TTAC. Every Weekend we select a piece submitted to our contact form, and publish it as a showcase for the diverse perspectives of TTAC’s readers. Today’s contribution comes from Nick Naylor, who explores the street-level reality of American cars in Asia, and the prospects of American exports to Asia.
As a frequent TTAC poster and lifelong enthusiast, some of my favorite topics and articles are the ones in which vehicles are found outside their cultural context. Paul’s classic Mustang on the streets of Paris, for example, struck me as a particularly beautiful image. “Real” American cars are of special interest to me—cars designed predominately for the North American market, built there, and exported. You don’t see too many of these outside of North America–for a myriad of reasons I need not get into here. That said, when I see a Cadillac, or an American Ford product in an Asian or European city—it invokes a similar feeling to what Paul experienced seeing the Ford and the Hummer in Paris. In this time of Obama’s pledge to double exports in 5 years, with cars being a particular sticking point with Korea, it is American made vehicles that he must be most interested in selling, not Chinese-made Chevy Sails. Is it possible?
With this on my mind, and camera in hand; I recently spent three weeks between China (Hong Kong and Guangdong province), Korea (Seoul) and Japan (Tokyo). What I observed follows below. There’s no reports, sales numbers, or data here…just observations and supporting photos.
Did you know that the Volt’s most important and priciest ingredient comes from Korea? The Volt battery is made by LG Chem, the battery arm of the Korean company formerly known as Lucky Goldstar. Noises coming from Korea indicate that GM might be building more Volts than thought. How do the Koreans know that? GM ordered more batteries. (Read More…)
Well, it seems that the wrecked US-Korean trade pact only affects U.S. food exports to Korea. It most certainly does not seem to have any influence on Hyundai. Hyundai expects to set a company record for annual U.S. sales next week already, and to sell even more in 2011. (Read More…)
The rest of the world is busy tearing down tariff borders by entering free trade agreements, such as the one between South Korea an the EU. Japan doesn’t want to stand on the sidelines and is in FTA negotiations with the EU. At the same time, the U.S. and Korea yesterday shitcanned their free trade plans. The reason? Cars. Allegedly. (Read More…)
Hyundai’s Sonata overhaul has been well-received by critics and customers, and the next-gen Elantra looks set to move the magic to the C-segment. But what of the Accent? If there’s a vehicle left in Hyundai’s lineup that recalls the bad old days of Hyundai’s bargain-basement past, it’s the current sub-$10k base price Accent. Of course, that’s all about to change, as a new Accent is hitting the roads in Korea… and like most of Hyundai’s new product, it looks like a huge step up from its predecessor. TTAC’s man in Korea, Walter Foreman, was kind enough to send in this mega-dump of over 80 images of the new Accent, noting
The car is 172 inches in length with a 101.2 inch wheelbase and a height of 57.3 inches. No news on the claimed curb weight yet.The 1.4 liter engine is rated at 108 hp and 37.8 mpg with the 5-speed auto and 42.3 with the 6-speed manual [all mpg numbers on Korean test cycle].The 1.6 liter engine is rated at 140 hp and 39.3 mpg with the 6-speed auto and 42.8 with the 6-speed manual.
The recently-debuted Chevrolet Volt ads are built around the same basic assumption that drove the design of the Volt’s extended-range electric (EREV) drivetrain: Americans will not tolerate running out of vehicle range. So severe will be America’s Range Anxiety®, GM is guessing, that its electric vehicle (EV) consumers would be happy to lose some electric range and pay a significant price premium compared to the pure-electric competition in order to fill up on gas when they forget to plug in. But while we wait for this psychological insight to prove true across the broader market, recent news seems to show that GM has forgotten about another beloved American freedom: the freedom of choice. For example, the choice to buy a GM-made “pure” EV. To find that kind of freedom you have to go to China…
Although the Korean Won has stayed strong this year, hurting the profitability of Korean exports, Hyundai has banked $1.2b in profits in the first three quarters of 2010, reports Automotive News [sub]. Analysts had expected the resurgent automaker to earn closer to $1b in profits, but they say that an even stronger Yen has helped Hyundai cut into the sales of its Japanese competitors. And with a new Elantra, Equus, Sonata Wagon, Veloster sports coupe and other much-anticipated products about to hit the market, Hyundai is expected to keep its momentum rolling. Fujio Ando, adviser at Chibagin Asset management explains
As we’ve noted before, Hyundai and Kia have been quick to exploit the weakness of the domestic auto industry by advertising their American-made cars as American-made cars. Now, they’re taking the attack to a whole new level, as Hyundai USA President John Krafcik tells CNN Money that his brand will build 80 percent of its vehicles in the United States by next year. If the Korean brand can actually achieve that goal, it would make Hyundai’s lineup the most American-built full line on the market. And though he insists that Hyundai doesn’t make decisions about production based on PR, Krafcik can’t help but twist the knife, saying
I’m going to build my three best selling cars in the US. Ford builds its best selling car in Mexico.
Oh snap!
This weekend sees the first ever South Korean Formula 1 Grand Prix. This is a push into new markets for Formula 1. This is why they are trying to push into North America and the Middle East. But it seems that it’s receiving a cool reception from the very people whom they are trying to woo. Namely, the car business. (Read More…)
Launching a new car division is tough. A monumental task, you might say. And it has to be executed just right. I’ll give you an example, look at Lexus. When Lexus was launched in the United States, it was a hit. It didn’t take much to separate American drivers from their Cadillacs, Lincolns and Buicks. Now compare this to the European launch. Lexus never really took off. Why? Well, a good reason would be that when Lexus starting exporting to Europe, Germany was making luxury cars to a high standard already, so Lexus was nothing special. Hyundai knows this. (Read More…)
In the eighties, the European auto makers were quaking in their boots at the prospect of a “Japanische Welle” (Japanese wave). Having seen the huge damage the Japanese brands inflicted on Detroit during the seventies and early eighties, they braced themselves for a similar onslaught. It never quite happened. Now they’re wondering if the Koreans are going to succeed where the Japanese fell short. There are plenty of indications to suggest they will. In Germany, probably the most auto-chauvinistic of all the European countries, the Golf-class Hyundai i30 (above) is currently the number one selling import car, not counting VW’s captive import brand Skoda. Toyota and Honda’s European market share is down, and Hyundai’s is up, and growing quickly. Is the Hyundai Welle unstoppable? (Read More…)
































































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