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Hyundai missing Q1 earnings targets blamed on slow US sales

Slow US growth is hampering profits at Hyundai. In its first quarter financial statement, the Korean automaker reported a profit of 1.93 trillion won ($1.86 billion). According to Reuters, this is less than analysts' expectations and nearly the same as last year.
According to the report, US sales fell by 3 percent in Q1 2014. To make matters worse, the high value of the South Korean currency caused lower profits on models exported from there. On the bright side, Hyundai's Chinese sales rose by 9 percent, according to Reuters. It's also working on building a fourth factory there.
The company has had a rough time in the US throughout the quarter. John Krafcik, the CEO of Hyundai of America, stepped down on January 1, and the company was already predicting slow growth in sales for 2014. Falling quality scores for the Sonata and Elantra aren't helping matters either. However, there may be hope on the way. The second-generation Genesis Sedan was introduced to the US in Detroit, and the redesigned Sonata was recently shown in New York. Successful launches of these important models could prove crucial.

Hyundai adds tech to Blue Link, offers it free for 3 years

Hyundai has not only thrown more technology at its 2018 lineup, the tech will be less expensive. At the New York Auto Show, the South Korean automaker announced that Blue Link remote services will be free for three years on the 2017 Ioniq and on all 2018 models, starting with the Sonata, Elantra GT, and Santa Fe Sport. The remote services include all three packages currently offered as options with a Blue Link subscription: Connected Care, Remote, and Guidance. Among the included features are automatic collision notification, a monthly vehicle health report, remote lock and unlock, stolen vehicle recovery assistance, and remote start with climate control. That last function gets an update for 2018 that allows control of the rear defroster and heated side mirrors on the coming Sonata and Elantra GT. The whole shebang tallies 10 features in the Connected Care Package, 12 features in the Remote Package, and 3 features in the Guidance Package. But wait, there's more: the SD-card-based navigation maps get free downloads for three years. Blue Link subscribers can already access remote functions with a smartphone and a smartwatch. For 2018, Amazon Alexa (via the Tap, Echo, and Echo Dot) and Google Assistant (via the Google Home speaker) become control devices. You can tell either gadget to start your car and set the climate control, to send an address to the navigation system, or start and stop the charging of an Ioniq. Right now, if a new buyer subscribes to Blue Link, he gets three free months of the Remote and Guidance packages, and a free year of the Connected Care Package. After the trial, each package costs $99 per year. By offering the packages free for three years, Hyundai dangles a savings of nearly $750 in front of those who can wait for the new models. Be sure to read this accompanying post about the Sonata's design. Related Video:

2016 Hyundai Genesis Coupe gets minor update, price bump

Hyundai is releasing the Genesis Coupe for the 2016 model year with a new six-inch color display in the center stack in place of the previous dot-matrix display. That's it. Oh, except for a price increase. The coupe still packs a 3.8-liter V6 as standard, driving 348 horsepower and 295 pound-feet of torque to the rear wheels through either a six-speed manual or eight-speed automatic transmission. For some buyers, the Genesis Coupe makes for a compelling alternative to the likes of the Nissan 370Z (which only has two seats) and the Infiniti Q60 Coupe (which is significantly more expensive). Now starting at $26,950 (in base form with the manual), the 2016 model comes in $200 more expensive than the 2015 model. The R-Spec starts at $29,900 for 2016 (representing a $400 increase), and the top-of-the-line Ultimate model lists at $33,750 (or $350 more than the outgoing model). 2016 GENESIS COUPE OFFERS ENHANCED STANDARD COLOR DISPLAY WITH POWERTRAIN AND CONTENT TO SATISFY PERFORMANCE COUPE BUYERS Standard 348-Horsepower, 3.8-liter Direct-injected V6 engine FOUNTAIN VALLEY, Calif., November 6, 2015 – Hyundai's popular Genesis Coupe continues to enhance its appeal in the fiercely-competitive sport coupe segment. Genesis Coupe offers a 348-horspower, 3.8-liter direct-injected V6 standard, ensuring its buyer maximum powertrain performance at a very affordable price point. This powertrain ensures Genesis Coupe continues to carry its recognized success as a rear-drive, high-output performance sport coupe for everyday enthusiasts. For 2016, Genesis Coupe adds a new 6-inch color center display to the center stack, replacing the former dot-matrix display. 2016 Genesis Highlights - New, vivid 6-inch color center-stack display replaces dot-matrix display 2016 Genesis Coupe Transmission MSRP 3.8 Base M/T $26,950 3.8 Base A/T w/Shiftronic® $28,150 3.8 R-Spec M/T $29,900 3.8 Ultimate M/T $33,750 3.8 Ultimate A/T w/Shiftronic® $34,950 AGGRESSIVE DESIGN TO MATCH DYNAMIC PERFORMANCE The Genesis Coupe strikes a menacing demeanor, with an aggressively designed front fascia, grille, headlights, LED daytime running lights, fog lights and hood with heat extractor cues. The side view reveals aggressive 18- and 19-inch alloy wheel designs with deep dimensional sculpting. Finally, the rear taillights provide a visual spark via premium LED illumination.