The concern evolving around hybrid cars has always been the life and durability of their battery packs, which stemmed from the fact that batteries inevitably die out at some point. And despite Toyota’s Prius and Ford’s Escape proof that hybrid batteries can stand the test of long-term use and time, Hyundai still insists on providing [...]
Hyundai Motor Group, which consists of the Hyundai and Kia brands, has plans to invest a total of $12.2 billion research and development and facilities in 2012. The investment is a 15.6 percent increase from 2011. $4.4 billion of the investment will go into r&d efforts to “accelerate the development of eco-friendly and fuel-efficient vehicles,” [...]
Hyundai Motor Co. posted a third-quarter profit increase of 21 percent. The Korean automaker attributes sales of the Sonata and Tucson to the increase in profits. Hyundai’s net income increased to 1.92 trillion won ($1.7 billion) in the three months ended on the last day of September. Hyundai ended up beating the projections of 1.89 trillion [...]
Here’s an interesting bit of news. Despite Hyundai’s recent gargantuan success, the brand did face some problems with its most popular model, the Sonata. According to Hyundai themselves, they received complaints from some of their customers for the way their new Sonata drove. Specifically, the complaints went to the way the Sonata tracked as it [...]
A new study was released by the National Automobile Dealers Association and they found that market interest has surged significantly for the Korean and Japanese manufacturers for the second quarter of 2011. This should really be no surprise because Hyundai and Kia are the only two brands that make up for the Korean market share [...]
Hyundai today built the 1,000,000th Alabama-made Sonata sedan at the Hyundai Motor Manufacturing Alabama (HMMA). The one millionth Sonata is a 2012 limited edition 2.0 turbo with a silver paint finish. The milestone was marked by team members at the Montgomery, Ala. assembly plant cheering as President and CEO Young Deuk Lim drove the Sonata off [...]
Hyundai Kia Automotive Group, which consists of the Hyundai and Kia brand, is South Korea’s largest auto manufacturer, the second largest automaker in Asia after Toyota and the world’s fourth largest automaker after Toyota, GM, and Volkswagen. However, the two treat each other like any other automaker would treat their competitor. “Kia Motors America operates [...]
Kelley Blue Book tracks consumer brand loyalty quarterly based upon vehicles owners searching for a brand the same as their current car. This quarter had a new name at the top of the list. Where most brands have experienced a drop in loyalty numbers, Hyundai managed to succeed for the first time. The shifts in [...]
Alright – so there is no doubt that the new 2011 Hyundai Sonata is a very good looking car with a quality interior and is taking over sales in the mid-size sedan segment. Toyota is now pretty scared and is working hard on the new Camry to take back market share from the Sonata. The [...]
Hyundai Motor Co. announced that it has increased production capacity that will allow it to sell a record 600,000 cars and light tucks in the United States in 2011. The move comes as demand for the Hyundai Sonata and Hyundai Elantra grow. “We’ve now been able to secure production capacity to safely say that we [...]
