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Hyundai promoting younger execs in bid to 'smoothen an eventual leadership succession'

Experience versus the next generation. It's the decision any organization has to make when it comes to its succession of leadership. But even companies that value wisdom over vitality will eventually have to hand the reins to a new generation of leaders. And that seems to be what the Hyundai Motor Group is preparing for. The Korean automaker has promoted three executives in their early 50s to the rank of Executive Vice President. Chief marketing officer Cho Won-hong (50), PR chief Kong Young-woon (50) and Kim Gyun (52), head of strategic planning at Kia, are all being promoted to the role, putting them in senior leadership positions at one of the world's largest automakers. Reuters frames the promotions as earmarked to "smoothen an eventual leadership succession" at Hyundai. The family-owned company is currently chaired by Chung Mong-koo (76), who has given little indication that he's preparing to step down in the near future. But when he does, he's widely expected to relinquish control to his only son, current vice-chairman and former Kia president Chung Eui-sun (44, pictured), who is said to have chosen the aforementioned US-educated Cho for the promotion. News Source: ReutersImage Credit: SAMUEL KUBANI/AFP/Getty Hirings/Firings/Layoffs Hyundai Kia

Hyundai's all-new 2018 hydrogen-powered CUV comes into focus

It's no secret that Hyundai has plans for hydrogen-powered vehicles beyond the currently available Tucson Fuel Cell. Ever since the debut of the Intrado concept at the Geneva Motor Show in early 2014, Hyundai has been dropping hints about what the new big-ish H2 vehicle will offer. We say "big-ish" because Hyundai Motor Group's director of eco-vehicle development, Ahn Byung-ki, told Automotive News that the next-gen hydrogen powertrain will find a home in a "totally new" model that will be "somewhere between a CUV and SUV." So, whatever fancy new automotive segment that phrase happens to define – MUV, for middleweight utility vehicle? – is what Hyundai's new hydrogen offering will be. Under the hood, the upcoming vehicle will use a fuel cell that doesn't need as much platinum and will have a bigger battery and a smaller motor. We had originally heard that this new hydrogen CUV/SUV would arrive in 2020, but Ahn said that the 2018 Winter Olympics, which will be held in Pyeongchang, South Korea will be "a big event. That's always a good opportunity for PR." With the Intrado concept, Hyundai said it was, "far more than a styling exercise." We've since heard that Hyundai believes that a CUV/SUV model offers the best option for customers buying a fuel cell vehicle. Earlier this year, Hyundai's head of the company's fuel cell research, Sae-Hoon Kim, said that, "all customer feedback says range and boot space are the priorities." The Intrado concept had a supposed range of around 375 miles. What that would translate to outside of the fictional auto show universe is unknown, but it sounds like Hyundai is ready to make all of this more real. Related Video: Featured Gallery Hyundai Intrado Concept: Geneva 2014 View 16 Photos News Source: Automotive News – sub. req. Green Hyundai Green Automakers SUV Hydrogen Cars h2 hyundai intrado

370-hp Veloster by Fox Marketing rounds out Hyundai's SEMA lineup

Hyundai is certainly bringing the horsepower wars to Las Vegas next month. We already know that its SEMA lineup includes a 1,000-horsepower Genesis Coupe, but now the company has announced that it is teaming up with Fox Marketing to create a 370-hp Veloster Turbo.
Keeping the Turbo's 1.6-liter engine, this show car gets an extra 169 hp by adding a bigger turbo and intercooler, cat-back exhaust and nitrous and methanol injection... oh, and the engine runs on 101-octane racing fuel. The brakes have been upgraded with six-piston calipers and bigger rotors, while the suspension now includes adjustable coil-overs. And since this is SEMA, this Veloster Turbo gets the requisite flashy exterior styling.
Scroll down for the full press release, but we'll have some better shots of this Veloster in just a few weeks.