2013 Kia Optima Lx on 2040-cars

Auto blog

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.

U.S., South Korea strike a new trade deal

WASHINGTON — The United States and South Korea have reached agreement on a new trade pact, the White House said on Tuesday. "We have come to an agreement in principle, and we expect to roll out specific details on that very soon," White House spokeswoman Sarah Sanders told a briefing. Her comments were the Trump administration's first confirmation that the two sides had reached an agreement in trade talks covering revisions to the U.S. South Korean Trade Agreement (KORUS) and a South Korean exemption from new U.S. metals tariffs. Seoul on Monday announced a deal to limit exports to the U.S. of South Korean steel, while extending high U.S. tariffs on any possible South Korean pickup trucks and increasing U.S. automakers' access to the Korean market. But details of the agreement have not yet been released by the U.S. Trade Representative's office, which led the negotiations for the United States after President Donald Trump last year called the 6-year-old bilateral pact a "horrible deal" that had doubled the U.S. trade deficit with South Korea since 2012. The deal is expected to permanently exempt South Korea from Trump's tariffs of 25 percent on steel and 10 percent on aluminum, but South Korea will have to reduce its steel exports to the United States by 30 percent from its average over the past three years to about 2.68 million tons. South Korea was the third largest steel exporter to the United States last year after Canada and Brazil. The agreement also was expected to double South Korea's import quota for cars meeting U.S. safety standards — not necessarily Korean standards — to 50,000 per manufacturer per year from 25,000 previously. The big challenge now would be getting unimpressed Korean consumers to buy them. The 25 percent U.S. tariff for pickup trucks, which was due to begin a phase-out starting in 2019, would be extended for another 20 years, according to South Korean officials. This would virtually ensure that any pickup truck contemplated by Korean automakers Hyundai or Kia for the U.S. market would be built in the United States.Reporting by Ayesha Rascoe and David LawderRelated Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: Reuters Government/Legal Hyundai Kia

Kia Telluride three-row SUV pricing revealed

Kia has got a certified looker on the way in the 2020 Telluride, and now the mid-sized, three-row SUV has a price. The base, two-wheel drive LX starts at $31,690, plus $1,045 for destination, totaling $32,735. That's $5,400 more than the three-row Sorento, which is noticeably smaller. In relation to competitors, the Telluride's price is $310 more than the 2019 Toyota Highlander, $240 more than the 2019 Honda Pilot, $155 less than the Subaru Ascent. As is Kia's wont, there's a lot of standard equipment in that base spec. The LX comes with eight-row seating done up in Sofino synthetic leather, an eight-inch touchscreen infotainment and USB charge ports for all three rows, smart key with pushbutton start, park distance warning in reverse, and 18-inch wheels. Standard safety features include forward and rear-cross-traffic collision avoidance, blind spot monitoring, smart cruise control with stop and go, rear occupant alert, and second-row safe exit assist. The S trim level starts at $35,035. It swaps eight-row seating for seven seats thanks to the second-row captain's chairs, and rides on 20-inch wheels. The driver gets a 10-way power seat, both front passengers get heated front seats and a power sunroof, and everyone gets "upgraded interior trims." The EX brings genuine leather, but goes back to eight-passenger seating and 18-inch wheels. The infotainment screen grows to 10.25 inches, both front seats get heating and cooling, the passenger gets eight-way adjustability, and there's a power liftgate in back. The top-model SX starts at $42,535, and hops back over to seven-passenger seating and 20-inch black wheels. Premium touches include LED headlights, dual sunroofs, a digital instrument cluster, Harman/Kardon audio, and a 360-degree outside-view camera. A $4,000 Prestige Package for the SX adds all-wheel drive, Nappa leather with premium headliner and trim, a head-up display and heated steering wheel, and climate-controlled second-row captain's chairs. Before the obligatory minor options and accessories, a loaded Telluride will cost $46,935. Every trim gets the 3.8-liter V6 with 291 horsepower and 262 pound-feet of torque, shifting through an eight-speed automatic transmission. When equipped with all-wheel drive and a trailer hitch, the Telluride can pull 5,000 pounds. Since the Sorento offers all-wheel drive on the LX and EX models as well, we expect the Telluride to do the same. On the Sorento, AWD comes as a standalone option for $1,800.