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Autoblog sell-it-yourself highlight: 2012 Hyundai Genesis

It was a business model established some 25 years earlier by Honda. The Japanese carmarker was looking for a way to profit from loyal Honda owners wanting to move upscale, but not willing to move out of Honda's orbit. The launch of Acura and two models – the upscale Legend and accessible Integra – did the trick. In the past five years, Korean carmaker Hyundai has been attempting to make its own move upmarket with its Genesis sedan and, more recently, the Genesis brand. In 2012, it was the Genesis coupe and 4-door; the coupe enjoyed an Infiniti-like vibe, while the sedan had a whiff of Mercedes in its sheetmetal and value in its window sticker. Available with V6 or V8 power and prices in the low $40s to low $50s, the Genesis four-door represented bargain luxury in an America gripped by recession. Today, a pre-owned Genesis, like our example here, extends the value argument. If this Genesis has a V8, the price point is spot-on for an example in excellent condition. If, however, it's equipped with a V6, we'd hope the seller is flexible. Related Video: Hyundai Car Buying Used Car Buying Ownership Sedan

Hyundai and Kia recalling 1.6M more models for faulty brake switch

In what is likely the largest recall campaign for Hyundai and Kia, the National Highway Traffic Safety Administration has announced a recall of more than 1.6 million models due to a faulty brake switch. This is in addition to almost 700,000 Hyundai and Kia models recalled for the same problem back in 2009.
In more than 620,000 Kia models and 1 million Hyundai products for the 2007 through 2011 model years, the brake switch could malfunction causing the brake lights to not illuminate, which could lead to accident. Other possible issues with a faulty switch include the cruise control not cancelling with the brake pedal, the push-button starter not working properly and the shift interlock not disengaging causing the transmission to be stuck in Park. To fix the problem, the brake lights switch will be replaced.
Due to the large number of units being recalled, both automakers are issuing a notice by next month with parts not expected to be ready until June. The full list of affected vehicles and the NHTSA press releases are posted below.

Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.