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What a strike in Korea could mean for US Hyundai and Kia buyers

A prolonged factory strike at Hyundai-Kia factories in South Korea could mean that US dealership inventory of certain vehicles, such as the South Korea-built Hyundai Accent and Kia Soul, could dry up in the coming months, depending on the length of the strike, reports Cars.com's blog, Kicking Tires. The two brands together rank sixth in US sales and fifth in global sales.
Kicking Tires gives fascinating insight into how a production stoppage in South Korea might affect vehicle sales in the US, considering Hyundai-Kia has two factories in the US that build the Kia Sorento and Optima/Optima Hybrid, and the Hyundai Elantra sedan/coupe/GT, Sonata/Sonata Hybrid and Santa Fe/Santa Fe Sport. The only one of these vehicles that's built solely in the US is the Kia Sorento, with the rest of them sharing production with South Korea.
Be sure to read the piece, especially if you're in the market for a Hyundai or Kia, or just interested in global economics.

Recharge Wrap-up: Hyundai/Kia fined $755M for exaggerated MPG ratings; BMW dealers want more i8s

The fine against Hyundai and Kia has grown to $755 million for overstating fuel economy ratings. $360 million of that fine comes from the EPA for violation of the Clean Air Act: $100 million is a civil penalty, $210 million is a forfeiture of greenhouse gas credits and another $50 million will pay for independent fuel economy audits on future models. The remaining $395 million is a settlement for customers who purchased the affected vehicles. A slew of 2011 to 2013 models were found to have fuel economy ratings overstated by one to six miles per gallon. Customers will be awarded funds to offset the unexpected fuel costs or to put toward a new Hyundai or Kia vehicle. Read more at Hybrid Cars. BMW dealers are awaiting details on new dealership standards - and BMW i8 models for their showroom floors. According to BMW National Dealer Forum Chairman Steve Late, BMW dealers are anxiously waiting to see what sort of updates they'll need to do to get in line with BMW's Future Retail 2016 program. As for the new EVs, Late says that the BMW i3 sales were slow to start, but that once people learned more about it, "wham, bam, it is taking off." The i8 shortage is a bigger problem: "I was allocated three for 2014, and I have a waiting list of 47 people. This year, maybe I will get eight or 10, and I still won't be able to fulfill them." Still, Late says he won't sell the cars at an upcharge. Read more at Automotive News. Opel is reportedly planning an electric version of its Karl hatchback. According to German automotive magazine Autobild, Opel will begin selling the diminutive Karl EV by the end of 2018. The electric car will offer a driving range of about 93 miles. The gasoline-powered version is expected to begin deliveries this June. Read more at Automotive News Europe. PSA Peugeot Citroen says it will keep its Hybrid Air program alive as it looks for a cost-sharing partner. Hybrid Air technology uses a compressed air hybrid system to improve fuel economy as we saw in the Peugeot 208 Hybrid Air concept. A French newspaper reported that Hybrid Air won't make it to commercialization, and that the program's team of engineers has been reduced. A PSA spokesperson confirms the change to the program, saying, "We are now waiting for another partner to help us begin the production stage." Read more at Automotive News Europe. Related Video:

Kia Stonic is a compact crossover with a weird name

With Hyundai on the verge of revealing its new Kona subcompact crossover, it isn't surprising that Kia has one to show as well. It's called the Stonic, which is a fairly bizarre name with an equally odd origin. "The name 'Stonic' combines 'Speedy' and 'Tonic,' which refers to the first and last note in the musical scale," Kia explains. "Thus, 'Stonic' suggests that the vehicle is agile and offers something new and fresh in the compact SUV segment." It will be interesting to see if Kia sticks with the name, especially considering it's only one letter away from the name of a certain Chevrolet. Funky name aside, the Stonic looks like it will be fairly handsome, if a bit conventional-looking for a segment that includes the Nissan Juke and Toyota C-HR. The renderings show the car adheres to Kia's design language with organic curves and the corporate Kia grille. It then adds chunky features like beefy fender arches and a thick, raked C-pillar, all of which are bolstered by prerequisite black plastic cladding and aluminum-look faux skid plates. The interior doesn't get any more adventurous. In fact, comparing the rendering with the interior of the new Kia Rio, they look just shy of identical. The only visible differences are a slightly different dash pad over the passenger air bag, and slightly altered air vents. Though the base vehicle isn't exactly revolutionary in its design, it does sound as though owners will be able to personalize it a bit. Kia says the Stonic is "the most customizable Kia ever." Exactly how this will be realized is yet to be seen, but expect many options for interior trim, exterior colors, wheels, and more. We'll also learn the details soon, since Kia says the car will go on sale later this year. Related Video: Kia Crossover Economy Cars hyundai kona