2011 Hyundai Genesis 3.8 on 2040-cars

Auto blog

Hyundai bets big on crossovers sporting diesel, electric, hydrogen powertrains by 2020

Hyundai announced a very aggressive crossover strategy for the next couple of years, with a total of eight vehicles launched between now and 2020. One of those is the already revealed sub-compact Hyundai Kona. The other seven crossovers range in size and fuel types, and Miles Johnson at Hyundai confirmed to us that all of them will be coming to the U.S. The first to launch is the aforementioned Kona, coming in early 2018. Also coming early that year is an unnamed hydrogen fuel cell vehicle. This hydrogen crossover will likely be sized and styled similarly to the FE Fuel Cell Concept shown at this year's Geneva show. A previous report about the production version stated that it would have a range of about 360 miles. Later that year will be two unnamed crossovers without any indication of size. They will also be joined by an electric crossover. In 2019, Hyundai has three crossovers planned for release. Early in the year will be a diesel-powered crossover. Hyundai gives no indication of what segment it would compete in, but so far we've only seen diesels in compact crossovers such as the Chevy Equinox diesel and upcoming Mazda CX-5 diesel. Mid-year will welcome a midsize crossover, and the year will be capped off with an A-segment crossover. Johnson also confirmed that this A-segment crossover will be smaller than the Kona. It could be an outright replacement for the Hyundai Accent hatchback, which did not return to the U.S. with the new sedan. Though we don't have much information regarding the unnamed and unspecified crossovers in the plan, Johnson did confirm that some of the crossovers in this rollout will include redesigned versions of existing offerings. This may include a new Santa Fe and Santa Fe Sport, or whatever the Santa Fe Sport will become. The company has previously stated that the Santa Fe Sport will be resized and probably renamed, and the regular Santa Fe would be larger the next time around. These changes would also make room for another small to midsize crossover. Related Video: Image Credit: Hyundai Green Hyundai Crossover SUV Diesel Vehicles Economy Cars Electric Future Vehicles Hydrogen Cars hyundai kona

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.

Hyundai shows us two more Super Bowl commercials

Hyundai is gearing up to show five commercials during this year's Super Bowl, and you've probably already seen one of them called Don't Tell that's been airing on television for weeks now. The Korean automaker has released two of the other four ads, though it looks like it might keep the headlining ad for the three-row Santa Fe, called Epic PlayDate, under wraps until the big game.
Of the two ads published on YouTube, we like Stuck the most, which features the Sonata Turbo. It presents all of the horrid things you could be stuck behind on the highway as reason enough for buying a boosted Sonata with its ample passing power.
The other commercial, called Excited, features the 2013 Hyundai Genesis. Our funny bone didn't tingle much with this one, and it contains a grammar bugaboo that's a pet peeve of some editors in the Autoblog virtual offices. Can you spot it? Scroll below to take the challenge and let us know in the comments.