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Hyundai boosted production in March, so now its cars sit in U.S. ports

SEOUL — As Detroit's automakers shut production in March due to the coronavirus pandemic, South Korea's Hyundai cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world's fifth-largest auto group. Hyundai ramped up domestic production to as much as 98% of capacity by late March, not only as the Korean market was recovering from a bad February but also because it bet on demand for Tucson SUVs and other models from U.S. customers, its biggest overseas market outside of China. While Hyundai is one of few global automakers whose production has recovered at home, its exports optimism has been dampened by the severity of the U.S. outbreak, weak consumer sentiment and as rivals have quickly moved to guard their turf. Consignments of cars shipped from South Korea are now sitting in U.S. ports, with dealers slow to take deliveries because of slumping sales and rising inventory, four people with knowledge of the matter told Reuters. The company idled a Tucson production line at home last week for five days, while sister firm Kia is looking to suspend three Korean plants for a week. And analysts now expect a sharp drop in first-quarter operating profit when it reports results on Thursday and some even forecast a second-quarter loss. "I hope that the situation will recover by the middle of next month. If not, we might have to lay off some people," said Brad Cannon, general manager of an exclusive Hyundai dealership in California, whose sales are down more than 50% from when the pandemic started. Hyundai runs a factory in Alabama — which is closed until May 1 — but imports are key to meet U.S. demand. Only about half of its vehicles sold in the United States are made in North America compared to between 68% and 85% for Japanese rivals Toyota, Nissan and Honda, who have also suspended production there till May. The South Korean company makes about 61% of its cars overseas, up from 48% a decade ago. That leaves it vulnerable to overseas factory shutdowns and shrinking demand outside of its home market. Hyundai's South Korean factory operation, which had recovered from a component shortage from China to nearly 100% capacity by March, could fall to as much as 70% in April, the company recently told analysts. "We will continue to monitor the situation and take appropriate action promptly," Hyundai said in an emailed statement. Minimizing the impact For its part, Hyundai has taken measures to minimize the impact.

Kia GT4 Stinger concept headed for Detroit with 315 rear-drive horsepower

With reveals expected to include the 2015 Ford F-150, the new Chevrolet Corvette Z06 and the high-strung Lexus RC F performance coupe (among many others), there are plenty of vehicles we're looking forward to seeing at the Detroit Auto Show. But now, with a rendered teaser image and short press release that includes some savory details, Kia may have just hit the top of our list with its GT4 Stinger Concept. Not even looking at the above image (which you can click to enlarge), Kia managed to grab our interest with just one sentence in said release detailing the car's powertrain: "A turbocharged 2.0-liter that pumps 315 horsepower to the rear wheels."
This low, wide concept has the face of a Kia-fied Audi R8, but the previous teaser stated that the concept will be a 2+2 hatchback. There is little other information to go on, but we'll see the concept car live in just 10 days. Until then, scroll down for the brief press release.

2018 Kia Stinger GT Drivers' Notes Review | Punching above its weight

The 2018 Kia Stinger GT is a breath of fresh air in the Korean automaker's lineup. After years of building cheap and mostly forgettable appliances, Kia (and Hyundai) finally started to build truly solid products that no longer needed to be marketed as just a value proposition. Once the company finally got reliability, build quality and styling down, it really needed to focus on performance if it had any plans to be a fully-rounded automaker. Hyundai is doing very much the same thing with cars like the new Veloster N. On paper, we should be comparing the Stinger GT to cars like the Dodge Charger. Size, pricing and power are all about the same, but that's not really where we're at. Kia is talking more about cars like the Audi A5, BMW 3 Series and other luxury sedans — and that's how we're seeing it too. It shows just where Kia is aiming with this car. The car we have this week is the base GT, the lowest-spec model available with the 365 horsepower twin-turbo V6. This is the same engine that's available in the Genesis G80 Sport. While the GT1 trim doesn't get things like a moonroof or a 720-watt stereo system, it's still pretty well-equipped. You get heated leather seats, power front seats, a touchscreen infotainment system with Apple CarPlay and Android Auto, keyless entry and dual-zone climate control. Performance upgrades include Brembo brakes and 19-inch wheels with Michelin Pilot Sport 4 tires (our car was wearing all-seasons thanks to old man winter). Associate Editor Joel Stocksdale: Ever since I attended the Stinger's debut in Detroit last year, I've been eager to drive one. On paper, it sounds bang on. It has aggressive, muscular styling inside and out, is only available in rear- or all-wheel-drive, and has a pair of potent turbo engines, either a 255-horsepower four-cylinder or a 365-horsepower V6. Finally, this past week, I had the chance to drive a rear-drive GT with the twin-turbo V6, and it absolutely lived up to expectations. One of the first things that delighted me was the steering and handling. The helm is very quick and accurate, and the chassis feels light, communicative, and easy to manage. This was particularly helpful since, although I drove it on the one warm day in Detroit this winter, it was still wet and slippery outside. The engine is a charmer, too.