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Hyundai NA CEO Krafcik awarded Automotive Executive of the Year

Hyundai North America CEO John Krafcik is this year's Automotive Executive of the Year. DVN Business Assurance presents the award each year, and this year, Robert Djurovic, executive director of the award program, said Krafcik won the nod because he "reshaped the way Hyundai approaches the market with consumer focus, compelling design and enduring value." While speaking at the award ceremony, Krafcik said that he was humbled by the recognition and that he accepted the accolade on behalf of Hyundai team members, dealers and suppliers.
Krafcik joined Hyundai in 2004 as the vice president of product development and took on duties as chief executive in 2008. Since then, the automaker has seen a flurry of new products and a substantial jump in market share. His efforts have also helmed Hyundai to two North American Car of the Year awards in 2009 and 2012 for the Genesis and Elantra, respectively. Krafcik also helped Hyundai navigate through the company's fuel economy debacle that began late last year, in which the automaker admitted it overstated the efficiency ratings of many of its automobiles.
The Automotive Executive of the Year Award has been recognizing industry leaders since 1964. You can read the full press release below for more information.

U.S. VP Harris pledges to consult S. Korea over EV subsidy concerns

TOKYO/SEOUL — U.S. Vice President Kamala Harris told South Korea's prime minister on Tuesday that Washington will work to address Seoul's concerns over recently enacted electric vehicle (EV) subsidies that could disadvantage Asian automakers. The $430 billion "Inflation Reduction Act" bill enacted in August includes a host of U.S. President Joe Biden's priorities, including investments to roll back climate change and make Washington a world leader in the EV market. Among the law's provisions are requirements that EVs be assembled in North America to qualify for tax credits. The law also ends subsidies for other EV models and requires that a percentage of critical minerals used in those cars' batteries come from the United States or an American free-trade partner. Harris, visiting Japan, met with South Korea's Han Duck-soo and "underscored that she understood (Korean) concerns regarding the Act's tax incentives for electric vehicles, and they pledged to continue to consult as the law is implemented," the White House said. A senior Biden administration official said extensive conversations have already taken place within the U.S. government over how to address South Korea's concerns. "She listened very carefully and made clear our commitment to work within the U.S. government — the U.S. Trade Representative, the Treasury Department — as we look ... to help address that issue," the official said. Biden has sought to deepen business with South Korea as part of a bid to increase U.S. manufacturing jobs and build a united front against China, who he views as the country's key ideological and economic competitor. Korean officials see the new requirements as a betrayal after South Korean companies agreed to make major investments and build factories in the United States. Heavily industrialized South Korea worries the new subsidies will set back Hyundai Motor Co and its affiliate Kia Corp in the world's largest consumer market. Cars are South Korea's third-largest export. (Reporting by Trevor Hunnicutt in Tokyo, and Soo-hyang Choi and Joyce Lee in Seoul; Editing by Clarence Fernandez and Kim Coghill) Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Government/Legal Green Plants/Manufacturing Genesis Hyundai Kia Electric South Korea

Hyundai Tucson N would be a hot hatch on crossover stilts

Auto Express reports that during last week's launch of the all-new Hyundai Santa Fe, the carmaker's global head of sales said a hotted-up N version of the Tucson "is under development, and other models will come after that." The remark should quell a year of speculation that a performance-oriented Tucson N had to figure somewhere in Hyundai's plans. The question now is when will the Tucson N get here. The N performance sub-brand's first product, the i30 N, just launched. We'd been told that a "fastback" would come next, probably an N version of the i30 Fastback going on sale in international markets this year. After that would come a B-segment vehicle — likely an i20 N, a road-going model of the four-door that Hyundai uses for the World Rally Championship. After that would come an SUV, however, we're also expecting a Veloster N to reach the U.S. market late this year. We know that the N division plans to take the time to make sure each model delivers all the goods — the i30 N's received uniformly high marks so far — so we could be looking at mid to late 2019 for a spicy Tucson. The hot crossover playground will entertain more global players by then — Seat just debuted its 296-horsepower Cupra Ateca in Europe, for instance — but in the US, the Tucson N could own a niche without a true competitor. The Mazda CX-5 earns across-the-board praise for driving dynamics, but its four-cylinder tops out at 187 hp and it would never be called a "lovable thug." Unless Ford decides to roll out an Escape ST after three years of scuttlebutt on the matter, nothing else in the segment could touch a 'roided Tucson, especially one given the full 271-hp from i30 N's 2.0-liter turbocharged four-pot. Related Video: