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Hyundai Sonata Hybrid starting price is $500 cheaper for 2018

Hyundai revealed its updated 2018 Sonata Hybrid and PHEV at the Chicago Auto Show this year. They feature freshened styling inside and out, and some mechanical updates that we expect will make the cars better to drive. Now we've learned that Hyundai has improved a couple of other things about the conventional Sonata Hybrid, one of which is the price. The starting price for the 2018 Sonata Hybrid in base SE trim is $500 less than the 2017 model. That means the SE starts at $26,385. In addition to the lower base price, the entry-level Sonata Hybrid also picks up standard blind-spot warning, lane-change assist, rear cross-traffic alert and a leather-wrapped steering wheel and shift knob. The Sonata Hybrid Limited is a bit more expensive now. Its new base price of $31,385 is $400 more than the 2017 model. But to make up for it, Hyundai has made the panoramic sunroof a standard feature. The Limited's optional Ultimate Package is now $550 cheaper, too, and includes additional safety features not previously offered, specifically automatic emergency braking and lane-keeping assist. Two more convenience features new to the Ultimate Package are a wireless phone charger and a heated steering wheel. If these updates sound like enough to get you into a new Sonata Hybrid, the good news is you won't have to wait to pick one up. They're available now at a Hyundai dealer near you. Related Video: Featured Gallery 2018 Hyundai Sonata Hybrid and PHEV View 22 Photos Image Credit: Hyundai Green Hyundai Hybrid Sedan hyundai sonata hybrid

Hyundai Motor's two R&D vice chairmen reportedly resigning

SEOUL — Hyundai Motor Group's two vice chairmen in charge of research and development have offered to resign, three people familiar with the matter told Reuters on Tuesday. R&D president Albert Biermann is likely to be named the new head of the division, two of the sources added, declining to be named as they are not authorized to speak to media. Hyundai is battling a plunge in sales, profits and its share price, and the reshuffle would be the latest since Hyundai promoted Euisun Chung in September to executive vice chairman, moving him closer to succeeding his octogenarian father as head of South Korea's second-largest group. The group has appointed new product strategy, design chiefs and replaced senior executives at its overseas operations, including China and the United States. The latest shake-up at the group, which includes Hyundai Motor and its affiliate Kia Motors, could be announced on Wednesday, one of the sources said. It is "part of a generational change Chung is pushing for," another person said. A Hyundai Motor spokesman declined to comment. The group's vice chairmen, Yang Woong-chul and Kwon Moon-sik, both aged 64, told senior officials on Tuesday that they would leave the company, the sources said, declining to say why they had offered to resign. Biermann, a former BMW performance vehicle development official, adds to a flurry of foreign executives that Chung, 48, has brought in to the company typically dominated by Koreans. In October, Thomas Schemera, also a former BMW executive, was appointed to lead product planning for autonomous cars, connected and electrified vehicles, while Luc Donckerwolke, a former Bentley design chief, was appointed to oversee design at Hyundai and Kia. Hyundai Motor's third-quarter net profit plunged by two-thirds, hit by U.S. recall costs that added to its problems. The automaker was already suffering with weak sales in its key U.S. and Chinese markets. Hyundai's share price is down more than 10 percent this quarter, despite a recent rebound driven by a share buyback plan announced on Nov. 30. Reporting by Hyunjoo JinRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Hyundai-Kia names former Audi, Lamborghini, Bentley designer as design chief

Luc Donckerwolke, former designer for both Bentley, Audi and Lamborghini, is succeeding Peter Schreyer as the lead designer for both Hyundai and Kia. This follows a significant shuffle within the Korean automaker's upper management. Schreyer — himself a former Volkswagen Group designer — will head design management. Chung Eui-sun, the son of company chairman and CEO Chung Mong-koo, was promoted as executive vice chairman. The head of Hyundai Motor America, Kyung Soo-lee, is leaving his position after just more than a year on the job. That's a lot of moving pieces at the top of Korea's largest automaker. Donckerwolke has been with Hyundai-Kia since 2015 when he left the Volkswagen Group to take over Genesis design. Some of his most famous designs include the Lamborghini Murcielago, Lamborghini Gallardo, Bentley Flying Spur and Bentley EXP 10 Speed 6. Schreyer led the design of the original Audi TT and has helped push forward Hyundai and Kia. The pair's influence can be seen and felt throughout the company's lineup. According to Reuters, part of the shakeup within the leadership follows a company announcement that third-quarter profits have fallen, sending shares to their lowest level in nine years. Related Video: