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Hyundai, Kia looking to cut costs

Hyundai and Kia are off to roaring starts in the United States this year, underscored by Kia's best sales month ever in May. But globally the situation for the South Korean siblings hasn't been nearly so positive. Recently, they reported their fourth consecutive quarter of decreasing operating profits worldwide, and now they're "making efforts to cut costs," according to a statement in a joint email obtained by Bloomberg. However, the companies aren't detailing where they would make the cuts or how much they want to save. The amount could be significant, though. An unnamed Hyundai senior executive reportedly told a South Korean newspaper that the business might be aiming for up to 30 percent in reductions. According to Bloomberg, Hyundai and Kia are facing falling total sales worldwide. Making the situation worse is that the strong Korean won versus the weaker Japanese yen gives competitors an advantage. The automakers also angered investors enough last year to prompt a stock buyback after paying $10 billion for the land for a future headquarters. The prognosis doesn't look utterly dire, though, and new products are on the way. For example, the Hyundai Santa Fe is being refreshed in South Korea, and the next-gen Elantra debuts at this year's Los Angeles Auto Show. There's also the Creta on the way for foreign markets. Additionally, several models are still awaiting the green light, including a Hyundai Genesis-based luxury crossover, a compact CUV, and the Santa Cruz unibody pickup. Meanwhile, the Kia GT is reportedly close to production, too. Related Video:

Kia's Detroit concept is called Telluride

Remember that Kia concept we told you about earlier this week? It's called Telluride – you know, like the ski resort town in Colorado. Kia just released this second teaser image of its big SUV concept, giving us a sneak peek of the interior. Design-wise, it looks cool, but there's more here than meets the eye. Kia is, as expected, short on details. But the automaker confirms many of the interior bits – including elements of the dashboard, door panels, and steering wheel – use 3D-printed components. We'll have to wait until next week's Detroit Auto Show to see exactly what Kia's talking about, though. In its short press release, Kia once again mentions its concept's "unique in-cabin health-and-wellness technology," but doesn't offer any more details. Maybe it's something similar to the Fit Driver stuff that Audi unveiled at CES this week. Look for the Telluride to debut during Kia's press conference at 2:15 PM Eastern on Monday, January 11, and click here to see the original teaser showing the SUV's shape. DETROIT CONCEPT TEASER #2 The boldly designed Telluride, set to unveil at the 2016 North American International Auto Show next week, pushes the boundaries of technology and luxury with unique in-cabin health-and-wellness technology. The concept highlights Kia's first use of 3D-printed components, which add a distinct, modern design element to the dashboard, door panels, and steering wheel.

2018 Kia Rio is the only subcompact car to earn IIHS highest safety rating

If you're looking for a new subcompact car, and safety is your priority, there is one clear choice now: the 2018 Kia Rio. The littlest Kia has been awarded the highest safety rating from the IIHS, the Top Safety Pick +, and it is the only car in the subcompact segment to earn the score. In addition, only two other models earn the second highest rating Top Safety Pick, sans plus, the Hyundai Accent and the Mini Cooper. The Rio's rating is an increase from the sans plus version because Kia updated and improved the headlights for the 2018 model. There is a caveat, though. Only the optional LED projector headlights, available as an option on the midlevel S trim, are rated "Good," the highest IIHS rating. The standard halogen headlights are still rated "Poor." The Rio's forward collision prevention system that earned full marks is also only available as standard equipment on the top-level EX trim. Still, even lower-trim Rios with the less capable headlights and no automatic emergency braking boast strong crash test scores. Every test except for the passenger-side small overlap test resulted in Good ratings. The passenger-side small overlap test garnered the second-highest rating of "Acceptable." And on top of that, it's a car that has impressed us every time we've driven it. Related Video: