Feb 16 2015 10:00 AM | Hyundai NewsHyundai is pouring $1.8 billion by 2020 for a new offensive in commercial vehicles. This new offensive will include the U.S. getting some of these new vehicles.
According to Reuters, the majority of this investment will go into research and development of vans, trucks, and buses. The remainder will go into raising production of current models.
Commercial vehicle sales are expected to rise 30 percent in each of the next five years and Hyundai want a nice slice of it. Currently, sales of Hyundai's commercial vehicles fell in all the markets it sells in at the moment.
Hyundai also plans on introducing "premium models in North America and Europe." No timeframe was given for this.
Jan 16 2015 08:15 AM | Hyundai NewsHyundai seems to be going backwards with the current Sonata. Unlike the previous model which was stealing sales from competitors, the newest model doesn't have the same effect. The reason? Looks.
“I told the story to our parent company (of driving the old Sonata) home, (and) people were rolling down their window at stop signs, following me, (asking), ‘What is that? Where can I get it?", said Dave Zuchowski, Hyundai Motor America CEO to Wards Auto.
“And I don’t get that” with the new one. “That was free advertising, right? People would seek us out because we look different. And we don’t get that now.”
When the current Sonata was shown at the New York Auto Show, Zuchowski said that the Sonata didn't have to...
Sep 15 2014 10:25 AM | Hyundai NewsAt first glance, a new set of spy photos shows what appears to be a Hyundai Genesis sedan that has been stretched. But according to Automobile Magazine, what we are looking at is the next-generation Equus flagship.
The mule appears to be riding on a longer wheelbase. This is hinted by a large piece of sheetmetal riveted behind the rear doors. Also giving some credence that we're looking at the next Equus. Driving along with the mule was a BMW 7-Series.
Not much is known about the next-generation Equus, but Automobile Magazine speculates that the model will share the Genesis' platform and come with the option of all-wheel drive. As for when we'll see the model, 2016 or 2017 seems very likely.
The Hyundai Veloster is a departure for the Korean automaker. With a unique style and a asymmetrical door layout, the Veloster has been the black sheep when compared to other models. But a new report says the Veloster may not get a second act. An unna...
Dave Zuchowski, the new CEO of Hyundai Motor America has some ideas for new products in segments where the company doesn't compete. The first is an addition of a third premium model to join alongside the Genesis and Equus. "That's one of the con...
DAVE ZUCHOWSKI NAMED PRESIDENT/CEO OF HYUNDAI MOTOR AMERICA COSTA MESA, Calif., December 27, 2013 - Hyundai Motor America today announced that President and Chief Executive Officer John Krafcik will step down upon the successful completion of h...
November 26th, 2013 Drew Dowdell Managing Editor - CheersandGears.com It is a couple of days before the Thanksgiving holiday here in the U.S. and most of the northern and eastern parts of the country are bracing for a major snow storm to hit. In...
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