Today’s Rare Ride is a small-medium sized five-door hatchback, and you’d be forgiven if you had no idea what it was upon first glance. It was only available to the fine people of Canada, and only for a short time.
It’s the Hyundai Pony, and it’s a beauty.
Hyundai Motor Company has, once again, found itself at the mercy of an unhappy workforce. No stranger to labor disputes, the company hinted that it might scale back its at-home labor in South Korea — presumably aware that the possible response would be negative, which it was. But the timing couldn’t be worse.
The Kona crossover is believed to be the model that will turn things around for Hyundai in the United States, but a new labor strike has put the export vehicle’s production on hold only a week after it started. (Read More…)
It’s no use continuing with the idealistic notion that North America will reject advances from Chinese-made cars on our shores. The Buick Envision is Fabrique en Chine, as well as the long-wheelbase Volvo S60, and more recently the Volvo S90. Yesterday, Steph Willems reported on a patent filing from the Guangzhou Automobile Company for its largest SUV offering, the GS8.
You don’t have to like the upcoming Chinese onslaught, but it’s necessary to accept it as reality. So, today we’re asking you to twist your mind and wring from it your thoughts on what it would take for a Chinese auto manufacturer to be successful in North America on a large scale.
Officials from the United States and South Korea held a special session in Washington on Wednesday as part of U.S. Trade Representative Robert Lighthizer’s request to consider amending the two countries’ trade agreement. The joint talks serve to reassess the countries’ five-year pact, with the Trump administration aiming to diminish America’s growing trade deficit with South Korea.
One of the largest issues concerns the automotive industry. Korean rules stipulate a cap on the number of vehicles U.S. automakers can bring into the country each year that adhere to the country of origin’s safety standards. Presently, that quota sits at 25,000 vehicles per manufacturer. However, no U.S. company has ever made full use of the quota. General Motors, which is the most popular U.S. brand in South Korea, only sold 13,150 domestically built units in 2016. (Read More…)
Snubbed by both the Germans and the Chinese, Fiat Chrysler Automobiles is continuing its journey to find the automaker that will sweep it off its feet and say, “Let’s build a factory together.” However, if CEO Sergio Marchionne maintains that FCA will be bought by an established automaker, he’s running out of options. The automotive dating pool isn’t particularly deep.
While there was some stirrings of vague Korean interest when news broke of talks between FCA and Chinese automakers, those rumors dissipated quickly. But reports of a possible business deal between Hyundai and the Italian-American company surfaced recently after Great Wall Motors shrugged off its proposed bid for Jeep. FCA later said it had not received any offer from the Chinese manufacturer.
Presumably, Great Wall would have used FCA to supplement its sport utility sales and begin making moves on North America. Another brand that might be interested in bolstering its supply of SUVs is Hyundai — something the South Korean press has been buzzing about all week. (Read More…)
Hyundai Motor Co. is squabbling with its Chinese partner, BAIC Motor, over efforts to reduce supplier costs. The automaker has already faced a myriad of problems with its Korean workforce and witnessed reduced volume in both China and North America this year.
However, its newest problem in the Far East isn’t simply a matter of tweaking its lineup. The issue also has political undertones as the North Korean missile crisis has pitted Beijing and Seoul at odds with each other. (Read More…)
Seoul Central District Court ruled against Kia Motors on Thursday, ordering the automaker to pay around 420 billion won, or $374 million, in unpaid wages. Kia employees first filed an initial lawsuit in 2011, claiming a 659 billion won wage disparity, following it up with an additional suit in 2014.
However, the automaker claims the final cost will be closer to 1 trillion won, or about $890 million, and could result in a third-quarter operating loss. Interestingly, this is roughly the same amount workers demanded over their six-year legal dispute (after interest).
“The current operational situation is such that the ruling amount is [difficult] to bear,” Kia said in a statement. (Read More…)
Hyundai Motor Group has received added attention from investors this week over expectations that the family-run business could undergo a major reorganization into a public holding, with the same separate, multifaceted structure as Hyundai Heavy Industries.
News spread that Hyundai Motor could be preparing a restructuring campaign after it issued a disclosure statement last Friday that explained it would be charging Hyundai Steel and Hyundai Glovis Co. 13.9 billion won ($12.4 million) for the use of the Hyundai brand name. This is the first time the company has ever collected from either over the use of its corporate trademark. (Read More…)
Consider it a low point in German-Korean relations.
Thanks to the diesel emissions scandal, South Korea just decertified about 68 percent of all Volkswagen, Bentley and Audi vehicles sold in that country over the past decade, Reuters reports. The country also revoked the certification of 80 model variants and leveled a large fine, meaning VW’s one-time Asian market breakthrough is truly busted. (Read More…)
Volkswagen’s Korean sales slump just became a sales cliff leading to the Challenger Deep.
The embattled automaker suspended sales of most of its models in the Asian country ahead of a environmental review that could lead to a sales ban, Reuters reports. (Read More…)
South Koreans are used to having a bunch of Americans hanging around, but the arrival of a group of Tesla employees won’t be welcomed by executives at Hyundai.
Tesla wants into the South Korean marketplace, and just posted job listings for sales and engineering positions in the Asian country, Bloomberg reports. Already registered in South Korea, the automaker plans to open up an office in Seoul and hire a recruiter based out of Japan. (Read More…)
It’s nowhere near the scale of the Volkswagen debacle, but Nissan is in hot water with the South Korean government over dodgy emissions from its diesel SUV.
That country’s environment ministry accuses Nissan of using a “defeat device” to disable the emissions controls on its UK-built Qashqai SUV, Automotive News reports. (Read More…)
Like two brothers who really, really, really can’t get along (I can’t stress enough how much they don’t get along) no matter how hard they supposedly try, the Koreas have a hot/cold relationship, to put it mildly.
One moment, the brothers are manufacturing trinkets together in Kaesong Industrial Region, a special administrative region in the DPRK. The next, the North is threatening to bomb everyone and the South shuts off the water and electricity service (literally) to its brother’s apartment.
But what if the Koreas unified; became whole again? Mike Rutherford of AutoExpress thinks it would be a car-building paradise, with Hyundai, Kia, Samsung, and SsangYong best poised to take advantage of low-cost Northern labor and cheap, cheap land.
“What do I gotta do to get you to drive out of here in a brand-new 2016 Chevrolet Malibu today?”
That, Ford and Google are moving to the country, Hyundai halts in China and Volvo’s wagon spied in some guy’s garage … after the break! (Read More…)
Hyundai announced Monday it would bring back silliness to car names and make the world’s first hybrid, plug-in hybrid and all-electric vehicle available in the same body, catering decadently to an individual’s fondness for electrons.
The Ioniq — which sounds like it’s spelled — will be unveiled January in South Korea and later next year in Geneva and New York. It will go on sale next year.
According to the automaker, Ioniq is the type of car people have been asking for: a model named after slightly obfuscated common words to fit with an over-stretched marketing philosophy rather than alphanumeric letters and symbols that require no creativity whatsoever. (God, I miss the Integra.) (Read More…)
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