2007 Hyundai Azera Limited Sedan 4-door 3.8l on 2040-cars

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Hyundai reveals CEO's pay for first time ever

Thanks to some government pressure, Hyundai's billionaire chairman, Chung Mong Koo, has revealed just how much he gets paid each year. Honestly, the amount is a bit lower than we'd expect considering he helms such a huge industrial empire. The 76-year-old chairman brought home $13 million in 2013, $5.2 million of which came from Hyundai's automotive business while both Mobis and Hyundai Steel chipped in $3.94 million, each. For reference, Ford CEO Alan Mulally netted $23.2 million in 2013, although the vast majority of that money came from stock options.
The push for Chung to reveal his pay was part of a larger effort by the South Korean government called the Financial Investment Services and Capital Markets Act. The act forces several thousand companies to release info on annual pay, bonuses and severance for employees earning over $5 million won ($469,000), according to Bloomberg.
"With the disclosure of the executives' compensation, the pressure to deliver better profits will increase," said Heo Pil Seok, the CEO of Midas International Asset Management. It seems to be working, as Hyundai shareholders, of which Midas is one, have seen their shares increase by 6.1 percent in 2014, which includes a 1.2-percent jump as of yesterday, according to Bloomberg.

2015 Hyundai Sonata already recalled for bad wiring harnesses

It's barely arrived in dealerships, and already, Hyundai is recalling its 2015 Sonata. A total of 2,138 vehicles are facing issues with a wiring harness that could limit the amount of power steering help and in some cases, making it difficult to shift out of Park. Most of the cars are not yet in customer hands.
This is a followup action to a very quiet stop-sale that was issued to dealers in early June, which originally included a recall of 1,790 vehicles across the continental US and 58 vehicles in Puerto Rico. That figure eventually grew to a total of 2,080 vehicles in the US and 58 in the Caribbean territory.
Only the 2.4-liter, naturally aspirated model is affected, and of the 2,100-plus sedans, only 12 of them are in the hands of customers, according Hyundai spokesman Jim Trainor. Each customer has been notified and asked to report in for free repairs. As of this writing, there are no reports of injuries or crashes due to the issue.

2014 Hyundai Tucson gets DI engines, styling tweaks, priced from $21,450*

Despite being overhauled for the 2010 model year, not much attention has been paid to the Hyundai Tucson crossover in recent times. But when its overseas twin, the ix35, received modest updates at this year's Geneva Motor Show, we knew it'd only be a matter of time before the US-spec model was blessed with similar tweaks. So, without further ado, meet the ever-so-slightly enhanced 2014 Tucson.
The most significant mid-cycle change is found under the Tucson's hood, where two new direct-injected four-cylinder powerplants are found. On the base end, there's a brand new 2.0-liter "Nu" inline-four, good for 164 horsepower and 151 pound-feet of torque. These numbers represent a loss of one measly horsepower, but five more foot-pounds of torque. Nothing significant here, and fuel economy is only slightly better - 23/29 miles per gallon city/highway versus the 22/29 rating of the 2013 model. Uplevel Tucson models use a revamped 2.4-liter engine, also featuring direct injection, which produces 182 hp and 177 lb-ft of torque - gains of six hp and nine lb-ft, respectively. That said, fuel economy for the front-wheel-drive, automatic transmission model has actually suffered some - 2013's rating of 21/30/25 mpg (city/highway/combined) has fallen slightly to 21/28/24. Both front- and all-wheel drive are available on all trim levels.
As far as visual enhancements go, the 2014 Tucson now uses projector-beam halogen headlamps up front and LED taillamps out back, and redesigned 17- and 18-inch alloy wheels are fitted, depending on trim level. Inside, two new cabin colors are available - beige and brown - the navigation system has been enhanced with a choice of two touchscreen interfaces, and there are now two-stage reclining rear seats.