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Ex-Hyundai CEO Krafcik joins TrueCar board amidst IPO plans

Former Hyundai Motor America CEO John Krafcik has had a tumultuous year. Last June, he won the Automotive Executive of the Year from DNV Business Assurance. Then in December, he suddenly announced he was stepping down from his leadership role at the Korean automaker on January 1, with some suggesting it was because the company's sales growth was too far below forecasts. Now, it looks like the exec has landed a new role on the board of directors of online car shopping website TrueCar.
According to The Wall Street Journal, Krafcik's role will be to build relationships with automakers and dealers, but the job at TrueCar won't be full time. Since leaving Hyundai, Krafcik has also been doing consulting work in Silicon Valley. "It's helped me understand what I might want to do, full, full time. I am just taking things at the appropriate pace," he said to the Journal.
Krafcik, who is widely considered one of the industry's top executives, took the helm at Hyundai America in 2008 and led it to an increase in sales and market share. He was with the company when it won North American Car of the Year awards in 2009 and 2012 for the Genesis and Elantra, respectively.

Honda, Hyundai and Kia get best word-of-mouth recommendations in US

Forget advertising, incentives and, yes, even our excellently crafted vehicle reviews, sometimes the best way for automakers to sell cars is still good ol' fashioned word of mouth. In an attempt to measure this "word of mouth" power, The Boston Consulting Group, a management consulting firm, has created a new study called the Brand Advocacy Index (BAI). The index takes a look at how various industries perform from person to person. Those industries include automotive, smartphones, grocery, mobile telecommunications and banking.
The study polled more than 32,000 individuals across Europe and in the US to come up with the top 55 brands in these various industries. On the automotive side of things, the top brands in the US were Honda, Hyundai and Kia, all tied at 63 percent. On a global scale, Volkswagen and Toyota scored the highest with a 65-percent BAI rating (both in France). The average BAI for auto industry players tallied 50 percent.
As for companies in other industries, Apple's iPhone was the index's top-rated smartphone, Trader Joe's was the highest recommended grocery store, Virgin was sat atop the mobile telecom industry and USAA was the top retail bank. Scroll down for the full press release on the new study.

Hyundai Genesis V8 HTRAC may come with performance orientation

When the second-generation Hyundai Genesis arrives in dealers, customers looking for the new all-wheel-drive variant will need to settle for the 3.8-liter V6. This is no bad thing, as the V6 is a sound engine, but what if you want that brawny, 429-horsepower, 5.0-liter V8? For now, you're stuck spinning the rear wheels.
A report from AutoGuide, though, claims that the new HTRAC all-wheel-drive system could be mated up to the Genny Sedan's optional V8 engine at a later date, as part of a new performance version. According to spokesman Miles Johnson, a performance-minded Genesis, perhaps in the same vein as the first-generation R-Spec, is being looked at by the powers that be at Hyundai and that there "may be a market demand for such a model."
Whether it'd add on to the V8's 429 ponies, or simply shore up other parts of the car while adding the AWD system remains to be seen. Of course, if we hear any more on an AWD, V8-powered, performance version of the new Genesis Sedan, we'll be sure to let you know.