Hyundai Veloster on 2040-cars

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Hyundai looking to add plant in Mexico

Mexico is rapidly becoming the go-to place for North American auto production, and companies including Toyota, General Motors, and Audi are all building new plants, expanding or shifting some production there. Now, Hyundai is investigating joining them in the future. "I'm sure that over the years we'll see production of Hyundai products in Mexico," Pedro Albarran, managing director for the automaker in Mexico, said to Bloomberg. Albarran indicates that a likely location for such a factory might be the state of Nuevo Leon, where Kia also has a forthcoming $1 billion plant. The site would be an ideal location near suppliers. It's probably going to be a while before any of Hyundai's models start coming out of Mexico. According to Bloomberg, the automaker wants to wait to make a final decision until sales there reach around 50,000 annual units, and that benchmark isn't expected until 2018. While Kia's plant is slated to have a capacity around 300,000 vehicles a year when it opens in 2016, Albarran thinks Hyundai might start smaller at just over 100,000 annual examples. Some of those would likely include subcompact models for the Mexican market. The Korean automaker was rumored to be looking into a factory south of the border as far back as 2013.

Hyundai NA CEO Krafcik awarded Automotive Executive of the Year

Hyundai North America CEO John Krafcik is this year's Automotive Executive of the Year. DVN Business Assurance presents the award each year, and this year, Robert Djurovic, executive director of the award program, said Krafcik won the nod because he "reshaped the way Hyundai approaches the market with consumer focus, compelling design and enduring value." While speaking at the award ceremony, Krafcik said that he was humbled by the recognition and that he accepted the accolade on behalf of Hyundai team members, dealers and suppliers.
Krafcik joined Hyundai in 2004 as the vice president of product development and took on duties as chief executive in 2008. Since then, the automaker has seen a flurry of new products and a substantial jump in market share. His efforts have also helmed Hyundai to two North American Car of the Year awards in 2009 and 2012 for the Genesis and Elantra, respectively. Krafcik also helped Hyundai navigate through the company's fuel economy debacle that began late last year, in which the automaker admitted it overstated the efficiency ratings of many of its automobiles.
The Automotive Executive of the Year Award has been recognizing industry leaders since 1964. You can read the full press release below for more information.

New Hyundai Veloster N sports a big wing under its camouflage

Hyundai is deep into development of the second-gen Veloster, the follow-up to the odd asymmetric hot hatch. The first car was good, but it wasn't quite great, missing the mark on a number of details. In the intervening years, Hyundai products have improved across the board and no longer require any hedging or justification as a value proposition. Hopefully the same is true with the new car. The spy photos we have hear appear to show the Veloster N, the high performance version of the hatch. N is Hyundai's new in-house tuner. The group is working on a more powerful version of the i30, known in the US as the Elantra GT. Despite the camouflage, we can see that the Veloster in these photos has a number of upgrades that give away the N tuning. This includes large wheels, big brakes with red calipers, big exhaust outlets, and what appears to be a large Civic Type R-style wing. There are few other details we can make out, but the most obvious and notable is the asymmetric door setup. The car will have two doors on the passenger side and just one on the driver's side, just like the first model. We don't know how much power the car will make, but expect somewhere close to 250 horsepower from a turbocharged four-cylinder. Look for a full reveal sometime in the next year. Related Video: Featured Gallery Hyundai Veloster N spy shots View 16 Photos Spy Photos Hyundai Hatchback Performance hyundai veloster n