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Hyundai Motor heir Euisun Chung takes over from father after 20 years in waiting

SEOUL — Hyundai Motor Group appointed Euisun Chung as group chairman on Wednesday, cementing his succession from his octogenarian father in a move likely to give impetus to the world's fifth-largest automaker's push into electric vehicles and flying cars. In the first generational handover at the South Korean automobile giant in 20 years, Chung, 49, said he hoped to lead change at South Korea's second-biggest conglomerate as it battles to stay ahead of the pack in a time of rapid technological innovation in the global auto industry. "Carrying on their bold and innovative legacies, I feel privileged, yet also a sense of great responsibility for opening a new chapter of Hyundai Motor Group," Chung said in his inauguration speech to employees. Chung identified autonomous driving, electrification, hydrogen fuel cell, robotics and Urban Air Mobility (UAM) — industry jargon for flying cars — as his initiatives for the future. Hyundai Motor shares were trading up 0.3% after rising as much as 2.5% after the appointment, while the wider market was down 0.6%. Kia Motors and Hyundai Mobis fell 1.6% and 1.1%, respectively.   Legacies Hyundai Motor Group earlier on Wednesday said Chung had been promoted to chairman from executive vice chairman, replacing his father, Mong-Koo Chung, who was made honorary chairman. Key affiliates of Hyundai Motor Group, including Hyundai Motor, endorsed his inauguration unanimously. The appointment makes Chung the latest third-generation leader to take over one of South Korea's family-led conglomerates, which have been credited with lifting the war-stricken country out of poverty since the 1950s. His father took the wheel of the group in 2000 and transformed the company, once mocked for poor vehicle quality, into the world's No.5 automaker. The 82-year-old has been stepping back from frontline operations in recent years, and gave up his board seat in Hyundai Motor earlier this year. Euisun Chung has played an increasingly visible leadership role since September 2018 when he was promoted to executive vice chairman. Hyundai Motor Group invested $1.6 billion in a self-driving technology joint venture with U.S. Aptiv, forged a partnership with Uber on electric air taxis and invested in ride-hailing firm Grab. In July, Chung set a goal to win more than 10% of the global market for battery EVs by 2025.

Hyundai Elantra interior teased

Hyundai doesn't seem too concerned about keeping the next-gen Elantra a secret. Following a recent teaser image of the updated exterior, the Korean company is now giving the world a look at the inside of its upcoming sedan. Similar to the outside, this monochrome rendering shows a minimalist overhaul for the interior. The controls are limited to a few buttons near the gearshift, some nobs on the center stack, and the functions on the steering wheel. The infotainment system is positioned at the center of the dashboard and is flanked by the HVAC vents. For a slight visual flourish, the dash wears a two-tone finish with a lighter shade on the bottom. A piece of trim stretches across the whole width to break up the colors. Hyundai confirmed the next-gen Elantra's debut at the 2015 Los Angeles Auto Show in November. That leaves a lot of time for even more teasers. Rumors suggest the powertrain range might include a turbocharged 1.6-liter four-cylinder, which produces 175 horsepower and 195 pound-feet of torque in the 2016 Tucson.

Hyundai Palisade three-row crossover interior spied for the first time

Most other mainstream automakers have full-size three-row crossovers, but not the two Korean automakers. That's about to change. The Kia Telluride and Hyundai Palisade have both been previewed in concept form, but are making their way into the public eye. These new spy photos give us a good look at the new Hyundai's interior. It looks like a more premium environment than the one in the recently introduced 2019 Hyundai Santa Fe. Specifically, note the separate bands of silver buttons and other bits of alloy trim. These are different pieces than what you'll find in other Hyundai models, and are almost reminiscent of the original Hyundai Genesis cabin. However, it does seem to share the new Santa Fe's floating center screen and steering wheel. It's difficult to see if the digital instrument cluster carries over, too. The rear seats have been folded completely flat and we can see what appears to be power-folding controls. There also seem to be bins on each side of the third row, but they could also just be missing cupholder units. That seems likely since cupholder count is a pretty key three-row family crossover element (the Subaru Ascent has 19). The exterior is upright and boxy, though it's difficult to see through the camouflage if some of the Santa Fe's curves carried over. Even through the covering, the grille and headlights are definitely familiar. Expect some other elements from the Hyundai Grandmaster concept to make it to production, too. Related Video: Featured Gallery Hyundai Palisade 3-Row Crossover Spy Photos View 14 Photos Image Credit: KGP Photography Spy Photos Hyundai Crossover SUV hyundai palisade