2011 Kia Hybrid Optima Ex Low Miles 4 Dr Sedan Automatic, 2.4l Snow White Pearl on 2040-cars

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Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.

Watch the 2020 Technology of the Year presentation to Kia

CHICAGO — Kia's Blind Spot System won the 2020 Autoblog Technology of the Year Award. Watch the presentation at the 2020 Chicago Auto Show as Editor-in-Chief Greg Migliore hands the trophy to Kia Corporate Communications Director James Bell, followed by a Q&A of how the tech works. Autoblog editors judged the system, which combines blind spot monitoring and active crash avoidance features, as the best in our testing last fall. Kia beat out Mercedes E-Active Body Control, Subaru DriverFocus and Ram's MultiFunction tailgate. Every year, Autoblog editors test the latest technology features. Tech of the Year began in 2013, and Tesla, Lexus and Cadillac are among the previous winners. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.     Related Gallery 2020 Autoblog Technology of the Year Award Presentation Kia Technology Technology of the Year Truck SUV

Kia Venga puts a fresh face on mini minivans

Minivans in America have grown to become anything but mini. That's not the case overseas, however, where Ford offers the B-Max, Citroen the C3 Picasso and Kia the Venga. On the European market now since 2009, the Venga shares its underpinnings with the Soul and with the Hyundai i20. The shape which Peter Schreyer sketched for it won a prestigious iF Design Award upon its debut, but five years later, it was time for a bit of a refresh. Debuting alongside the updated Rio at the Paris Motor Show, the new Venga has received some updated sheetmetal, an upgraded cabin and enhanced equipment – all the better for transporting a (small) family around some European metropolis, where the streets are narrow and the parking even tighter.