• Popular Stories

  • Today's Birthdays

    1. Lloyd-TX
      Lloyd-TX
      (62 years old)
  • Similar Content

    • By William Maley
      Hyundai has been seeing its sales declined as it doesn't have enough crossovers and SUV to feed the growing demand by consumers. This, in turn, is causing profits to drop, making investors disappointed. Because of this Hyundai is going crazy with cutting costs.
      Reuters reports that Hyundai's cost-cutting measures include reducing the number of business-class flights, annual trips for overseas workers to see family, and cutting back on fluorescent light bulbs. 
      "We're trying to address a mismatch between the market trend and our product line-up. That's a longer term plan. For now we're trying to save every penny," said a source.
      Hyundai is working overtime to get new crossovers out the door starting with a B-segment model in 2018. In the meantime, Hyundai is redirecting exports from low-demand markets to the U.S.
      Source: Reuters
       

      View full article
    • By William Maley
      Hyundai has been seeing its sales declined as it doesn't have enough crossovers and SUV to feed the growing demand by consumers. This, in turn, is causing profits to drop, making investors disappointed. Because of this Hyundai is going crazy with cutting costs.
      Reuters reports that Hyundai's cost-cutting measures include reducing the number of business-class flights, annual trips for overseas workers to see family, and cutting back on fluorescent light bulbs. 
      "We're trying to address a mismatch between the market trend and our product line-up. That's a longer term plan. For now we're trying to save every penny," said a source.
      Hyundai is working overtime to get new crossovers out the door starting with a B-segment model in 2018. In the meantime, Hyundai is redirecting exports from low-demand markets to the U.S.
      Source: Reuters
       
    • By William Maley
      Hyundai Motor America is on the hunt for a new CEO as David Zuchowski has been fired today. Automotive News broke the story this morning after learning from sources about the change. Hyundai has confirmed Zuchowski's departure this afternoon and said W. Gerald Flannery will take over as interim CEO. Dealers were told about the decision last night and employees were notified earlier this afternoon.
      Zuchowski joined Hyundai back in 2007 as the U.S. sales chief and would become CEO at the beginning of 2014. Sources tell Automotive News that Zuchowski was fired because he was unable to meet internal sales objectives. Hyundai was one of the few manufacturers that saw success during the 2008 recession. But in the past few years, Hyundai's growth has been dwindling. 
      2010: 24 percent 2011: 20 percent 2012: 9 percent 2013: 3 percent 2014: 1 percent 2015: 5 percent 2016 (so far): 1.3 percent The reason for the shrink in growth comes down to Hyundai being weak or not having crossovers in certain segments. As we reported last month, Hyundai will be adding a new subcompact crossover in 2018, followed by an even smaller one. Also, the Santa Fe lineup would see some changes. However, it wasn't enough to keep Zuchowski as CEO.
      “We appreciate Dave’s decade of service to Hyundai, especially his leadership as president and CEO, which has made us a stronger organization. I look forward to working closely with our dealers, affiliates, senior management and our talented and hard-working employees across the country to realize Hyundai’s full potential,” said Flannery in a statement.
      Source: Automotive News (Subscription Required), The Truth About Cars, Hyundai
      Press Release is on Page 2


      W. GERALD FLANNERY NAMED INTERIM PRESIDENT AND CEO OF HYUNDAI MOTOR AMERICA
      FOUNTAIN VALLEY, Calif., Dec. 21, 2016 – Hyundai Motor America today announced a continuation of a reorganization that began late this year by appointing W. Gerald (Jerry) Flannery as interim president and CEO, effective immediately. He succeeds Dave Zuchowski who will be leaving the company.
      Flannery, who has been with Hyundai since 1987 and is responsible for all legal matters in the U.S., will retain his duties as Chief Legal and Safety Officer. He is widely recognized as an authority on automotive product liability, regulatory and safety matters. His immediate focus will be enhancing the company’s brands, accelerating change for growth and customer satisfaction opportunities in the U.S. market.
      “We appreciate Dave’s decade of service to Hyundai, especially his leadership as president and CEO, which has made us a stronger organization,” Flannery said. “I look forward to working closely with our dealers, affiliates, senior management and our talented and hard-working employees across the country to realize Hyundai’s full potential.”
      Since joining Hyundai during its infancy in 1987, Flannery has been instrumental in leading the company through periods of rapid change and positioning it for steady growth. Recently, he created Hyundai’s first safety office in North America. Previously, Flannery was a senior attorney in the Office of the General Counsel at Ford Motor Co.
      A search for Zuchowski’s replacement will begin immediately.

      View full article
    • By William Maley
      Hyundai Motor America is on the hunt for a new CEO as David Zuchowski has been fired today. Automotive News broke the story this morning after learning from sources about the change. Hyundai has confirmed Zuchowski's departure this afternoon and said W. Gerald Flannery will take over as interim CEO. Dealers were told about the decision last night and employees were notified earlier this afternoon.
      Zuchowski joined Hyundai back in 2007 as the U.S. sales chief and would become CEO at the beginning of 2014. Sources tell Automotive News that Zuchowski was fired because he was unable to meet internal sales objectives. Hyundai was one of the few manufacturers that saw success during the 2008 recession. But in the past few years, Hyundai's growth has been dwindling. 
      2010: 24 percent 2011: 20 percent 2012: 9 percent 2013: 3 percent 2014: 1 percent 2015: 5 percent 2016 (so far): 1.3 percent The reason for the shrink in growth comes down to Hyundai being weak or not having crossovers in certain segments. As we reported last month, Hyundai will be adding a new subcompact crossover in 2018, followed by an even smaller one. Also, the Santa Fe lineup would see some changes. However, it wasn't enough to keep Zuchowski as CEO.
      “We appreciate Dave’s decade of service to Hyundai, especially his leadership as president and CEO, which has made us a stronger organization. I look forward to working closely with our dealers, affiliates, senior management and our talented and hard-working employees across the country to realize Hyundai’s full potential,” said Flannery in a statement.
      Source: Automotive News (Subscription Required), The Truth About Cars, Hyundai
      Press Release is on Page 2


      W. GERALD FLANNERY NAMED INTERIM PRESIDENT AND CEO OF HYUNDAI MOTOR AMERICA
      FOUNTAIN VALLEY, Calif., Dec. 21, 2016 – Hyundai Motor America today announced a continuation of a reorganization that began late this year by appointing W. Gerald (Jerry) Flannery as interim president and CEO, effective immediately. He succeeds Dave Zuchowski who will be leaving the company.
      Flannery, who has been with Hyundai since 1987 and is responsible for all legal matters in the U.S., will retain his duties as Chief Legal and Safety Officer. He is widely recognized as an authority on automotive product liability, regulatory and safety matters. His immediate focus will be enhancing the company’s brands, accelerating change for growth and customer satisfaction opportunities in the U.S. market.
      “We appreciate Dave’s decade of service to Hyundai, especially his leadership as president and CEO, which has made us a stronger organization,” Flannery said. “I look forward to working closely with our dealers, affiliates, senior management and our talented and hard-working employees across the country to realize Hyundai’s full potential.”
      Since joining Hyundai during its infancy in 1987, Flannery has been instrumental in leading the company through periods of rapid change and positioning it for steady growth. Recently, he created Hyundai’s first safety office in North America. Previously, Flannery was a senior attorney in the Office of the General Counsel at Ford Motor Co.
      A search for Zuchowski’s replacement will begin immediately.
    • By William Maley
      As a number of manufacturers are running away from diesel (and who can blame them), Chevrolet is running towards it with the introduction of the Cruze Diesel early next year. Now Chevrolet has announced pricing for the diesel variant.
      The Cruze Diesel will begin at $24,670 for the six-speed manual and $26,270 for the nine-speed automatic. Like the previous Cruze Diesel, the new model will only be available in the LT trim which nets you LED daytime running lights, seven-inch infotainment system, and six-speaker audio system. The diesel will also get the optional Convenience package as standard - keyless entry, push-button start, power driver's seat, and heat for the front seats. 
      In terms of options, a leather package for $1,125 is available for both transmissions. The automatic also gets the option of the Sun/Sound/Confidence package. The 'too many words for a name' package adds a Bose nine-speaker audio system, an 8-inch infotainment system, a color screen for the trip computer, power sunroof, blind-spot monitoring, rear parking sensors, and rear cross-traffic alert. This package adds $3,680.
      It should be noted this pricing is for the sedan. The Cruze Diesel hatchback isn't due till 2018.
      Source: Car and Driver, Roadshow
      Pic Credit: William Maley for Cheers & Gears

      View full article
  • Recent Status Updates

  • Who's Online (See full list)