2014 Hyundai Sonata Gls on 2040-cars

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Hyundai sees tough year ahead, plans to introduce 13 new models

SEOUL — South Korea's Hyundai Motor Group predicted another year of tepid car sales growth on the back of a slow 2018, saying trade protectionism adds uncertainty and major markets such as the United States and China remained sluggish. In his first New Year address to employees, group heir apparent Euisun Chung said Hyundai Motor Co and Kia Motors would complete a restructuring of South Korea's second-biggest conglomerate, which is widely expected to pave the way for him to formally succeed his octogenarian father as head of the group. The complicated succession plans come as Hyundai contends with a bunch of problems that have cost it market share in China and the United States and stalled its rise up the ranks of global automakers. It missed a boom in sports utility vehicles (SUVs), faces potential U.S. tariffs and a U.S. investigation over how it handled a vehicle recall, and lost ground in technological advances such as self-driving cars. "Business uncertainties are heightening as the global economy continues to falter. Walls of protectionism are being constructed around the world," Chung, 48, told hundreds of employees at the group's headquarters in Seoul. "Internally, we face challenging tasks such as stabilizing business in major markets like the U.S. and China, while simultaneously enhancing our responsiveness to drive future growth." Hyundai and Kia — together the world's fifth-biggest automaker — set what they called a "conservative target" of 7.6 million vehicle sales in 2019, a 3 percent increase from the 7.399 million vehicles sold last year. The 2018 sales fell short of the group's target of 7.55 million vehicles, marking its fourth consecutive annual sales goal miss. The duo sold 7.25 million vehicles in 2017. Morgan Stanley expects global auto production to fall 1 percent in 2019, the first drop in nine years. In that environment, the group said it would launch 13 new or face-lifted models in 2019, including a premium Genesis SUV, the big Hyundai Palisade SUV and the Sonata sedan. "Hyundai will be launching new models, but competitors will be also doing so, making it difficult for Hyundai to increase shares in the sluggish markets in China, U.S. and Europe," said Sean Kim, an analyst at Dongbu Securities. Hyundai shares ended down 3.8 percent and Kia slumped 2.7 percent, while the wider market <.KS11> was down 1.5 percent.

Insider trading ahead of Hyundai-Kia MPG debacle suspected

Reuters is reporting that large-scale insider trading may be at the heart of some particularly fishy stock-selling behavior, just prior to the original announcement about the Hyundai-Kia fuel economy ratings debacle.
On November 1st, Hyundai-Kia shares traded roughly 2.2 million times (the single highest-volume day of the year), and the stock price fell by about four percent. For reference, a standard daily trading volume for the stock in 2012 saw about 600k shares trading hands. On November 2nd, the company made public the bad news about the dropping fuel economy ratings for many of its models. In other words: No one outside of the company (and only a smallish group inside the company, we'd imagine) should have known anything about the impending bad news as of the first day of November. After the announcement, the stock price tanked, as you'd expect, and trading volume was way down as well.
Experts seem fully aware that the whole thing reeks of leaked information and subsequent insider trading. If chicanery on this sort of scale seems wacky to you, you'd be inline with the experts who report to Reuters that the level of trading is absolutely suspicious.

Hyundai FE Fuel Cell Concept previews next year's hydrogen SUV

For a while and without too many specifics, Hyundai has been talking about a new hydrogen powered CUV or SUV to replace the Hyundai Tucson Fuel Cell. Now, in Geneva, the Korean automaker has given us a preview of that vehicle: the Future Eco (FE) Fuel Cell Concept. The FE Fuel Cell definitely looks like a concept car, with a clean, flowing look Hyundai says is inspired by water, which happens to be this car's only tailpipe emission. It has a sturdy stature, with the large wheels pushed to the corners. Aerodynamic touches help make it more efficient, and add to its fresh design. Let's hope the production vehicle keeps some of these visual cues. Inside the car, an internal air humidifier recycles some of those water emissions inside the cabin's atmosphere. The FE Fuel Cell Concept also has portable battery packs for powering passenger devices, and the trunk is built to stow and charge an electric scooter to help you go that last mile. The FE's hydrogen fuel cell technology improves upon the Tucson Fuel Cell by being lighter and more efficient, with a fuel cell stack with 30 percent greater energy density. That means more range. Driving range is, of course what sets FCEVs apart from other zero-emissions vehicles, and the FE Fuel Cell has plenty of that to go around. "We have designed the car to run the longest distance ever achieved by a fuel cell vehicle," says Hyundai Vice Chairman Dr. Woong-Chul Yang. It'll go about 500 miles on a full tank of hydrogen, which is especially helpful while fueling stations are still few and far between. Hyundai expects to launch the production SUV inspired by the FE Fuel Cell Concept in early 2018. Related Video: