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Hyundai Motor reassigns 17 top execs to make way for fresh ideas

SEOUL — South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire. The reshuffle, first reported by Reuters on Tuesday and confirmed by Hyundai on Wednesday, is part of preparations for generational change in the executive ranks at South Korea's second-largest family-owned business empire. Group President Albert Biermann, a German former BMW executive, was named head of research and development, replacing longtime executives Yang Woong-chul and Kwon Moon-sik. The move was seen as a significant step to bring in fresh ideas at the Korean-dominated group. In all, 17 top executives were reassigned across the group including at Hyundai Motor Co and Kia Motors Corp — which together form the fifth-biggest automaker in the world. The move follows the promotion of Euisun Chung in September to Hyundai Motor's executive vice chairman, moving him closer to succeeding his 80-year-old father, Mong-Koo Chung, as group chairman. It comes as Hyundai Motor Co battles to reverse falling profits as a result of U.S. recall costs and weak sales in the U.S. and Chinese markets. Hyundai Motor Co shares jumped as much as 9 percent to their highest level since Oct. 10, while shares in affiliates like Hyundai Mobis, Hyundai Wia and Hyundai Glovis also rallied. While the announcement by Hyundai on Tuesday of a major investment in fuel cell production also lifted sentiment, analysts said most of the share price rise could be attributed to the leadership changes. In particular, it signaled that the junior Chung was making progress with his plans to restructure the sprawling group after a previous plan was scrapped due to opposition from U.S. hedge fund Elliott. "The reshuffle signals that the junior Chung is tightening his grip on the conglomerate, a move which raises investors' hopes for change," said Kim Joon-sung, an analyst at Meritz Securities. Ascendance of outsiders In a sign that Chairman Chung's grip may be weakening, one of his closest lieutenants, Hyundai Motor Co Vice Chairman Kim Yong-hwan, was reassigned away from the core automaker and named vice chairman of steelmaking affiliate Hyundai Steel.

Kia Telluride vs Buick Enclave Luggage Test | What actually fits behind that third row?

So, you want to buy a three-row crossover. Before plunking down $40,000 on a new sport utility vehicle, might we dissuade you with the prospect of minivan ownership? The Pacifica Hybrid, perhaps ... no? Fine. Good thing crossovers (especially the Telluride and comparable Palisade) are so nice to drive these days. We’ll assume you want the big three-row crossover, as you intend to seat folks in all three rows. Unfortunately, raising that third row reduces the luggage area from cavernous to crawl space. ItÂ’s rather devastating from a pure numbers perspective to the two models we have today. The 2019 Buick Enclave goes from a monstrous 58 cubic-feet with the second-row in place down to 23.6 cubic-feet (which along with the nearly identical 2020 Chevrolet Traverse is still best-in-class). Meanwhile, the 2020 Kia Telluride takes a similar hit, going from 46 cubic-feet down to 21 cubic-feet. Just looking at the numbers, it would seem that the EnclaveÂ’s big advantage all but disappears with the third row up, boasting just 2.6 cubic-feet of storage more than the Telluride. But as West Coast Editor James Riswick has discovered in the numerous luggage tests he's conducted, the numbers don't always tell the whole story. Let's see how the Enclave and Telluride compare when you actually put things inside.  Boom. The Enclave swallows all of the test luggage we have for it without any fuss. The distance between the back of the seats to the hatch opening is enough to fit our full-size suitcase horizontally, making it easy to stack every other bag around it. It even fits below the seatbacks, so the driver will have an uninhibited view out the rear of the vehicle.  At our Michigan HQ, our test luggage consists of the following pieces: 28-inch upright suitcase, 24-inch upright suitcase, 19-inch upright suitcase, two small tote bags and one backpack. ItÂ’s likely enough luggage for a quick weekend getaway with the family, given there are no strollers involved. As we attempted to pack it all into the Telluride, weÂ’re glad we didnÂ’t have anything else. The loss of 2.6 cubic-feet of space was indeed felt much harder than what it looks like on paper. We knew we were in trouble when the 28-inch suitcase didnÂ’t fit along the floor as it did so neatly in the Enclave. We were forced to stack it up next to the rear seats, which left it sitting rather tall back there. As a result, the other suitcases didnÂ’t have a neat or convenient place to go.

2021 Kia Sorento Review | What's new, price, hybrid fuel economy, pictures

The Kia Sorento has always gone its own way. We'll spare you a history lesson, but in short, Kia's midsize crossover has never fit neatly into a same-sized competitive set. That continues for the all-new, fourth-generation 2021 Kia Sorento. It's still a midsize crossover, it still has three rows of seats, but it's still not as big as other three-row family crossovers, including Kia's own Telluride. Not everyone needs that much space. At the same time, though, perhaps you might need more than the Honda CR-Vs and Toyota RAV4s of the world provide — plus a few extra seats. For many, the Sorento should make a lot of sense. The biggest change for 2021, then, is the amount of variety the Sorento now offers. The new X-Line trim model is basically Kia's answer to the Subaru Outback or perhaps a Toyota RAV4 Adventure. It gets an extra inch of ground clearance for a lofty 8.3 inches total, standard all-wheel drive with a locking center differential, more functional roof racks and different styling. It's no rock crawler, but for weekend adventures, it should do the job nicely. All other trims get revised styling as well, with the SX in particular slathered in glossy black trim and wheels. It's the interior that sees the bigger visual overhaul, plus an injection of the latest technology, plus a slight improvement to the Sorento's already above-average interior quality. There are huge changes under the hood. The base four-cylinder is bigger and a bit more powerful, while the old V6 engine upgrade gives way to a 2.5-liter turbo inline-four good for 281 horsepower and a robust 311 pound-feet of torque that smokes all those bigger three-row crossovers — including the Telluride. From there, things get green. The Sorento joins the Toyota Highlander and Ford Explorer as the only three-row hybrids, and betters them both with an estimated 37 miles per gallon combined. Then there's the new Sorento Plug-In Hybrid, which is the only three-row plug-in hybrid SUV from a non-luxury brand. It can go an estimated 32 miles on a charge, which should be more than enough to run the dayÂ’s chores without the turbocharged gas engine firing up. All of this makes for a compelling, diverse lineup. Whether you're considering one of the larger compact SUVs, a two-row midsize SUV or a bigger three-row family crossover, the new Sorento is a smart alternative to consider and one of our top recommended midsize SUVs.  What's new for 2021? The Sorento is all-new for 2021.