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Hyundai Palisade SUV supersizes it at L.A. Auto Show

Hyundai is adding to the SUV fracas at the L.A. Auto Show with the debut of its new 2020 Palisade SUV today. We got a sneak peek a couple of weeks ago here in Detroit, but now we can give you our full impressions as it's revealed in California. Let's start with size, because the Palisade is larger than any SUV currently offered in Hyundai's lineup, including the Santa Fe XL. It's considered a midsize SUV and will compete with vehicles like the Ford Explorer, Honda Pilot, Subaru Ascent and others. Hyundai is aiming to attract buyers who might have passed on the Santa Fe XL due to its smaller size compared to other mid-sizers. The Palisade can be had in a true eight-seat configuration, however, a captain's seat second-row option can make it a seven-seater. To move all the extra heft around, Hyundai has dropped an updated 3.8-liter V6 engine into it, which now runs on the Atkinson cycle. It's a curious choice for a big vehicle meant for utility and towing, but the engine makes 291 horsepower and 262 pound-feet of torque. No upgraded engine options are available, and it will be mated to Hyundai's eight-speed automatic transmission. Front-wheel drive will be standard, but all-wheel drive is optional. The Palisade uses Hyundai's HTRAC all-wheel drive system with a few different selectable modes, which changes the torque distribution depending on the conditions (up to 50/50 front to rear). It rides on a modified and enlarged Santa Fe platform that we're told will have some similarities with the upcoming Kia Telluride. Looking at the large and proud new Hyundai, it has a few bits here and there to make it stand out from the crowded midsize SUV horde. Hyundai is definitely latching on to the headlights-in-bumper styling, which ends up making the daytime running lights a bit squintier. It doesn't look bad per se, but it's definitely different. It hardly even bears mentioning, but the large grille on the Palisade makes for but another big car with a big face. Around back is where Hyundai went a little off the beaten path. The metal surround taillight design is worthy of a double take. All around, the Palisade just feels a good bit larger than the Santa Fe, but carries its own look. The interior is where things really start to come together for the Palisade. It's safe to say that Hyundai just keeps getting better and better at putting together a high-quality and luxurious-looking place to live in. We love the sweeping center stack look and array of metal buttons.

John Krafcik stepping down as Hyundai CEO, replaced by VP of sales

Hyundai Motor America has announced that its affable president and CEO, John Krafcik, will be stepping down from his post on January 1, at the completion of his contract. He'll be replaced by the current executive vice president of sales, David Zuchowski.
Krafcik has helmed Hyundai through a product renaissance that's seen the Korean automaker go from budget afterthought to household name in less than a decade, launching stylish new models and expanding into new markets. "On behalf of Hyundai Motor Company, we sincerely thank John for his visionary leadership and relentless pursuit of customer satisfaction, which has driven Hyundai's record growth over the past five years," said Im Tak Uk, the COO and executive vice president of HMA's parent company, Hyundai Motor Company.
"It's been a sincere privilege and honor to lead Hyundai Motor America over the past five years, and I am confident that with Dave's succession, our brand will continue to expand and thrive for years to come," said Krafcik in a Hyundai press release, available below. "We have many of the best and brightest employees in the business coupled with a committed and talented dealer network that will continue to pay dividends."

Hyundai Group invests $90 million in Rimac to develop electric halo cars

The Hyundai Group is the next large automaker to make pilgrimage to Croatia, all for the purpose of investing 80 million euros ($90 million) in Rimac. Hyundai has chipped in 64 million euros ($72 million), while Kia added 16 million euros ($18 million). The tie-up puts a much faster spin on the South Korean automaker's electrification goals, with current plans to get 44 "eco-friendly models" on sale by 2025. Developing products with Rimac means working up two proper halo models to lead the charge. The press release stated Hyundai's intent to "to lead the high-performance electrified vehicle market and enhance its status as a game changer in Clean Mobility." According to Thomas Schemera, EVP of the group's product division, "Our goal is to popularize electric vehicles and to create social value through world-class technology and innovation in performance." The Hyundai Kona Electric, Ioniq and Nexo, and the Kia Soul EV and Niro EV have all won praise, but won't be enough in their current forms to garner the attention Hyundai and Kia desire. We'll see first fruits as soon as next year. Two high-performance electric prototypes are expected to debut, one being a battery-electric vehicle, the other a hydrogen fuel cell EV. The battery-powered offering will be a zero-emission version of Hyundai's mid-engined sports car for the N division. This has been in the works for seven years now, with three concepts put on show starting with the Veloster Midship in 2014. The RM15 followed a year later, the RM16 N (pictured) a year after that. The automaker didn't indicate what the FCEV would be. The aim, however, is to bring both to marker "at a later time." On Rimac's side, the investment helps the small Croatian on its quest for Tier 1 Supplier status. Only ten years old and employing about 500 people, Rimac has supplied technology to Aston Martin for the Valkyrie, Jaguar for the E-Type Zero, Koenigsegg for the Regera, and Pininfarina for the PF0. Porsche bought a ten-percent stake in Rimac last year, following a 30-million-euro investment from Chinese battery maker Camel Group to take a 19-percent stake. The Eastern European concern remains focused on its own bowtie-inspired hypercars as long as founder Mate Rimac leads, though. As he told Motor Trend in April, "Of course I'm very passionate about helping other manufacturers build their cars. But if the shareholders decide it doesn't make sense to produce our own cars, they we'll have to find another CEO."