2012 Hyundai Veloster Base Hatchback 3-door 1.6l on 2040-cars
Antioch, Tennessee, United States
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Hyundai, union reach tentative labor deal
Thu, 05 Sep 2013According to Reuters, South Korea's labor unions may have reached a tentative deal with Hyundai following a compromise between the two sides on wages. Workers have staged a number of stoppages since August 20, which have cost the South Korean giant 1.02 trillion won - around $1.1B US. It also represents just over 50,000 units of production. That vehicle total sounds like a lot, but it's a small enough figure that Hyundai can apparently catch up with weekend and overtime shifts. We'd wager that this is why US inventories haven't been hit quite so hard aside from the battering already taking place. The proposal will now go before the union's rank and file.
If ratified, the new agreement will see workers getting a 5.14-percent raise in base salaries, along with 8.5-million-won (roughly $7,800) bonuses. Those concessions are a far cry compared to what the union was initially demanding, though. Early proposals included a 56.25-gram gold medal for each employee (worth about $2,400) and a 10-million won bonus (about $9,100) for employees whose children chose not to attend college. The union also sought a bonus worth two months' salary for workers that have been with the company for over 40 years, but this was negotiated down to a flat rate of six-million won ($5,464).
Based on Reuters' report, the work stoppages must have taken a real toll on Hyundai - its domestic sales dropped 20 percent last month, while exports were down nine percent. Those startling figures must have put some fire under the Hyundai bargaining team.
2013 Hyundai Veloster Turbo: April 2013
Wed, 01 May 2013Learning To Love Understand You
I will admit, I haven't had the nicest things to say about our long-term 2013 Hyundai Veloster Turbo since its arrival in our fleet earlier this year. I can't exactly say that I've bonded with our turbocharged Hyundai, despite the fact that I've driven it quite a bit since its arrival in the Autoblog Garage. Several of my friends will no doubt recall me saying things like, "I love everything about this car - except driving it," which is a shame, since the driving aspect is what's supposed to make this car so special. I'm a big fan of the base Veloster, and this one has the extra power bump that the naturally aspirated could really benefit from. So what gives?
Recently, I took a trip to the south of France, where I drove the brand-new Ford Fiesta ST along the lovely roads of the Alps. I adored that car - it's everything a hot hatch should be, and it's priced right, too. But when I came home and picked up the Veloster Turbo at the airport, I found myself disappointed. The Ford I drove in Europe was similar to the Hyundai in terms of size, function, equipment and price, but it was far better to drive. To be fair, that car wasn't even out to benchmark when the Veloster Turbo debuted, but my already sour feelings only got worse at that moment.
2015 Hyundai Genesis appears uncovered [UPDATE]
Thu, 17 Oct 2013Hyundai gave us a tease of its second-gen Genesis sedan courtesy of the HCD-14 Genesis Concept displayed at this year's Detroit Auto Show, and while we've seen numerous spy shots of the car testing since (both on and off the track), all were heavily camouflaged. That all changed today when the South Korean site bobaedream.co.kr posted an image of the new luxury sedan sitting out completely uncovered (click the image to enlarge).
While we can't see much more than the face of the new Genesis sedan, it does appear to be a striking improvement over the current car that debuted back in 2008. The jutting, upright grille is very similar in appearance to the HCD-14 Concept, while the headlights and fascia look like a combination of Mercedes S-Class and E-Class. The body creasing isn't as dramatic as the concept, but the roofline and glasshouse look to be almost identical to the show car. Based on how finished the car looks in this picture, our guess is that we could see Hyundai's new Genesis at an upcoming auto show like LA or Detroit.
UPDATE: Per the request of the individual pictured next to the Hyundai Genesis in the original photo that spurred this story, we have removed said image from the post. You can still see the new Genesis here at the source, for the moment.