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Hyundai sued in Korea over inflated fuel economy claims

Hyundai remains in hot water in its home market after the South Korean Ministry of Land, Infrastructure and Transport alleged that the country's largest automaker, along with Ssangyong, misstated fuel economy numbers on some of its crossovers. Now, though, the country's consumers are going after Hyundai, with a lawsuit from 1,500 Santa Fe owners.
The suit was filed in Seoul Central District Court by a firm called Yeyul. Its spokesperson, Kim Woong, said the suit was a sign that angry consumers could go after the manufacturer if they're wronged by a company's product.
"It is essential that as many affected consumers as possible take part in this lawsuit to show not just the carmaker but the rest of the companies in Korea that you can get a red card if you mess with your customers," Kim told Bloomberg.

Hyundai i30 N getting 'fastback' variant

Overseas, the Hyundai i30, known as the Elantra GT here in America, has three total bodystyles. The first of course is the hatchback that we have here, and the other two include a wagon and a "fastback." The latter is basically a sedan with a liftback. It's also apparently the next Hyundai to get the N treatment based on these spy photos. There's no question this i30 fastback is an N. It has huge wheels and bright red brake calipers. The side skirts and rear bumper are more aggressive. And, like the normal hatchback and the Veloster N, it has a triangular rear light. But, unlike those two cars, this triangular light appears to be a rear fog light instead of a center high-mount brake light. This i30 N fastback also has the wide-set dual exhaust outlets of existing Hyundai N models. One major deviation we see on this fastback is the lack of a large rear wing. Both the i30 N hatchback and the Veloster N have large wings at the trailing edge of their respective roofs that just barely walk the line between classy and garish. The fastback seems to lack any wing at all, opting instead for just the little lip of the trunk lid found on the standard fastback. It could be that there's a bigger lip spoiler hidden under this prototype's wrappings, but that's still not a wing. Whenever the fastback does arrive, perhaps within a year, it will likely have the same two engine options available on the i30 N hatchback: a base version of the 2.0-liter turbocharged four-cylinder making 247 horsepower and a hotter iteration making 271 horsepower. The latter of these is the only available engine in the American Veloster N. And it's safe to say we won't be seeing the i30 N fastback in America. Hyundai has already made it clear that the i30 N hatch isn't coming to the U.S., despite the fact we get the normal i30 hatch. Since there's no Americanized i30 fastback, there's effectively no chance Hyundai would try to certify the body style solely for a niche model like the N. Related Video: Featured Gallery 2018 Hyundai i30 N Fastback spy shots View 19 Photos Image Credit: CarPix Spy Photos Hyundai Hatchback Performance Sedan i30 hyundai i30 Hyundai N

Hyundai reportedly eyeing a takeover of FCA

The CEO of Hyundai Motor Group plans to launch a takeover bid for Fiat Chrysler ahead of the planned retirement of FCA Chief Executive Sergio Marchionne next spring, Asia Times reports, citing unnamed sources close the situation. CEO Chung Mong-koo will wait for an expected decline in the Italian-American automaker's shares to make his move. Hyundai isn't commenting on the rumors, unsurprisingly, but would presumably stand to benefit by gaining Chrysler's dealer network and the lucrative Jeep brand and probably Ram, too. An FCA spokeswoman in Auburn Hills told Autoblog the company had no comment. But like any story about a possible takeover, this one gets complicated with inside players — and President Trump's posturing on international trade issues. FCA has been the subject of takeover interest before, including by Hyundai, but Marchionne has denied a merger was likely, instead saying his company was in talks with the Korean automaker about a technical partnership. In 2015, Marchionne lobbied General Motors hard, but unsuccessfully, for a tie-up; he was also spurned by Volkswagen. Marchionne had repeatedly stressed the need for car companies to merge to decrease overcapacity and better afford the massive investments needed for things like autonomous and electric vehicles. In the case of Hyundai's reported interest, there is a cast of characters. One is Paul Singer, principal of the hedge fund Elliott Management, an activist shareholder with a $1 billion stake in Hyundai and a major owner of equities in Fiat's home turf of Italy. Then there is FCA Chairman John Elkann, who reportedly disagrees with Marchionne on a successor as CEO of Fiat Chrysler but has little interest in running the company himself and would prefer a merger. Compounding things is what the Trump administration would think of a further blending of Fiat Chrysler's international DNA, though a deal with a Korean automaker is thought to be more palatable to the president and members of Congress than by a Chinese conglomerate like Great Wall Motor, which has confirmed its interest in taking over all or parts of FCA. The full Asia Times piece is here. Related Video: News Source: Asia TimesImage Credit: REUTERS/Rebecca Cook Chrysler Fiat Hyundai Jeep RAM Sergio Marchionne FCA merger takeover