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Hyundai, Kia earmark $760 million to settle U.S. lawsuits over engine fires

SEOUL — Hyundai and affiliate Kia have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues including fires and failures in the United States and South Korea. The move marks the South Korean auto giant's first major effort to resolve years of trouble over engine defects that have also sparked probes by the U.S. safety regulator and prosecutors. Hyundai Motor will make a provision of about 600 billion won in its July to September earnings while Kia will book one for about 300 billion won, they said on Friday. Hyundai and Kia said in a statement that under the U.S. settlement they would install software to monitor for symptoms of engine failure and take other steps, including offering compensation options and lifetime warranties. A total of 4.17 million Hyundai and Kia models equipped with Theta II gasoline direct injection (GDI) engines, which were sold in naturally aspirated 2.0-liter and 2.4-liter displacements, and had a turbocharged derivative, will be affected by the U.S. settlement. Hyundai and Kia, together the world's fifth-biggest automaker by sales, recalled nearly 1.7 million vehicles in the United States to address the possibility of engine fires. In November, Reuters reported that U.S. federal prosecutors had launched a criminal investigation to determine if the recalls had been conducted properly. Since 2017, the U.S. safety regulator has been investigating whether the recalls covered enough vehicles and were conducted in a timely manner. The investigation comes after Kim Gwang-ho, then an engineer at Hyundai, flew to Washington in 2016 to tell the National Highway Traffic Safety Administration (NHTSA) the companies should have recalled more vehicles over the problem, citing an internal report. Hyundai Motor at that time denied allegations. The NHTSA this year opened a fresh investigation into 3 million Hyundai and Kia vehicles after reviewing reports of more than 3,000 fires that injured more than 100 people. That probe came in response to a petition seeking an investigation filed in June by the nonprofit Center for Auto Safety.

Hyundai shocks Korea with mid-engined Veloster concept

There are many things we love here at Autoblog, but one of the quirkiest is the mid-engined hot hatch, whether it's the Renaultsport Clio V6 or the Volkswagen GTI W12-650 concept. Unfortunately, we can never seem to get our hands on one - the former never having made the transatlantic journey and the latter remained strictly a concept. And now we've got one more to salivate over.
It's called, simply enough, the Veloster Midship concept, and Hyundai is unveiling it this week at the Busan Motor Show in South Korea. As you might have guessed, it's essentially a Veloster with the engine - a 2.0-liter Theta turbo four producing 296 horsepower - mounted behind the two seats. It's also got a lightweight aluminum suspension, a reinforced chassis and extreme aero to help that mid-mounted turbo engine do its thing.
The project was undertaken by the same team that developed the initial i20 WRC rally car, but unfortunately as Hyundai itself says in the press release below (released with the solitary image above), "The Midship is a concept only to explore possibilities for the Veloster chassis and is currently not related to any future production model." Which is a bit of a shame, but hardly a surprise.

First 2019 Hyundai Nexo fuel-cell vehicle delivered

Hyundai's multiple-pronged approach to electrification is helping the automaker to cover its bases as we move away from carbon-emitting internal combustion vehicles. It is entering the long-range battery-electric vehicle game with the Kona EV, and it is following up on its hydrogen strategy with the 2019 Nexo, which replaces the Tucson Fuel Cell. We've had a couple of opportunities to sample the Nexo fuel-cell crossover, and now it's making its way into the garages of the general public; Hyundai has delivered the first Nexo to a customer in California. The first Hyundai Nexo customer is Ventura resident Todd Hochrad, who took delivery from Keyes Hyundai in Van Nuys. The former scientist is no stranger to electrification, having owned hybrid and battery electric vehicles in the past. Now he'll be able to enjoy emissions-free driving (well, apart from the clean water byproduct) as well as the convenience of quick fill-ups at the hydrogen fueling station. Customers in California can buy a Hyundai Nexo for a starting MSRP of $58,300. Hyundai also offers a 36-month lease: The Nexo Blue goes for $399 a month, while the Limited leases for $449. The Nexo is eligible for a $5,000 tax credit from the state of California, and customers also receive a year of free maintenance and fueling cards good for the first three years of ownership. We've had the opportunity to drive the Hyundai Nexo fuel-cell SUV, and found it to be a pleasant drive — calm, quiet and comfortable, with a quality interior and robust driver-assist technologies. It's a shame that our limited hydrogen-fueling infrastructure will keep this car limited to certain regions in the U.S., primarily San Francisco and Southern California, for now. Related Video: