2014 Hyundai Sonata Gls on 2040-cars

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Hyundai sticks to EV rollout plans, sees solid growth this year

SEOUL — Hyundai Motor said on Thursday it would not delay plans to roll out new electric vehicles and was upbeat about prospects for continued growth this year — a contrast to recent steps by rivals to cut back on EV output. Electric vehicle sales are growing strongly but not as much as carmakers had forecast, with demand hit by high interest rates. "We do not plan to dramatically reduce EV production or our line-up due to likely near-term hurdles as we believe EV sales will grow longer term," Seo Gang Hyun, an executive vice president at the South Korean automaker, told an earnings briefing for analysts. The Hyundai Motor Group, which encompasses the Hyundai, Kia and Genesis brands, said in April it plans to launch 31 EVs by 2030. This includes the launch of the Ioniq 7 SUV next year. Seo said Hyundai's EV sales next year could be slightly lower than previously expected, but the automaker had the production flexibility to boost output of gasoline engine cars if demand shifted that way and he did not expect a significant impact on overall sales. When asked about the impact on Hyundai Motor of the United Auto Workers (UAW) union reaching a tentative labour deal with Ford, Seo said the company expects the deal will have an impact on wage increases at its U.S. factories, but such costs could be covered as the automaker has been putting effort into reducing costs, such as in logistics. Hyundai Motor, which is not a member of the UAW, operates an assembly plant in Alabama and is building a factory to produce EVs in Georgia. For the third quarter, Hyundai booked a net profit of 3.2 trillion won ($2.4 billion), more than double its year-earlier result and beating an LSEG SmartEstimate of 2.9 trillion won, with the automaker helped by a favourable exchange rate. Sales also increased, climbing 8.7% to 41 trillion won on solid demand for high-margin gasoline SUVs. Sales of EVs and hybrids also grew, up by a third to 169,000 units. This month has seen a flurry of downbeat EV announcements. Citing flattening demand for EVs, GM said it would delay production by a year of Chevrolet Silverado and GMC Sierra electric pickup trucks at a plant in Michigan. Ford is temporarily cutting one of three shifts at the plant that builds its electric F-150 Lightning pickup truck. Tesla is also slowing plans for a Mexico factory, while GM and Honda announced on Wednesday that they were ending a $5 billion plan to develop lower-cost EVs together.

The new Hyundai Veloster will have a driver-focused interior

We've had a number of solid glances at the Hyundai Veloster's exterior while testing, but this is our first look at the car's interior. And it's a seriously good look. About the only thing hiding the dashboard is some snazzy zebra-print vinyl wrap. We can tell from these new spy photos that the Veloster's interior is more focused on the driver than other Hyundais. The center stack is canted slightly toward the driver, and it's a bit asymmetrical, favoring the person behind the wheel. At the top of the center stack is a large touch screen that protrudes from the dash, but it looks a bit more integrated than the screen found in the Elantra GT, as it's nestled between two air vents. We have reason to suspect this is a Veloster Turbo model, which may be renamed Veloster Sport to fit nomenclature used on the Elantra line. The steering wheel is leather-wrapped and has a metallic red accent in the bottom spoke, just like the wheel in the Elantra Sport models. The shifter also has an accent in the same red color as the one on the wheel. We doubt this could be a Veloster N, though, as the seats don't seem aggressive enough, and there don't appear to be any accents in the performance sub-brand's trademark light blue. We expect to see this interior fully revealed, along with the rest of the Veloster lineup, by the end of the year. It will be available in three versions, an entry-level model, a peppier Turbo or Sport version with the outgoing model's center exhaust and more aggressive looks, and a high-performance N model that will probably use the Elantra i30 N's 271-horsepower turbo engine. The Veloster N will also have the most aggressive looks, featuring a large rear wing. Related Video:

Hyundai pickup truck sounding more likely

Hyundai looks poised to get into the pickup market, according to the latest report from Automotive News. The Korean automaker revealed the Santa Cruz concept at the Detroit Auto Show this past January, previewing a vehicle that combines the best attributes of a pickup truck with those of a small crossover – sort of like a Honda Ridgeline, but smaller. It's an idea whose time has come, says Hyundai's US chief Dave Zuchowski. "We're assuming that it's going to get done," he told AN. "It's just not officially done yet." He expects it to be approved sometime within the next decade, and when it does enter production, Zuchowski said it could emerge as the first diesel-powered Hyundai offered in America. The biggest challenge, however, may not lie in convincing the head office in Seoul to give it the green light. The company's plant in Montgomery, AL, is strained enough producing the Sonata, Elantra and Santa Fe. In order to produce the pickup as well, Hyundai would need to either expand the current plant or build a new one.