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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

2020 Kia Telluride and Hyundai Palisade will see price increases

New year, new MSRP. CarsDirect got hold of a "recent pricing guide" and discovered Hyundai and Kia chanted that mantra over the Palisade and the Telluride, respectively. The Palisade has been on sale since June of last year, and already received a $50 price increase before the turn of the year. As of this month, Hyundai has goosed the MSRP by another $225 to $31,775, and the destination charge by $25 to $1,120. The $250 bump takes the starting price for a front-wheel drive Palisade SE to $31,775. The premium is applied throughout the range, making the top-tier Limited AWD model $47,745. The Telluride was first priced at $32,735 after destination. It, too, received a visit from the surcharge fairy last year to the tune of $50, boosting the cost to $32,785. This month, Kia tweaked the MSRP by $250 to $31,890, and the destination charge by $25 to $1,170. That comes to a $275 increase, meaning a front-wheel drive Telluride LX is now starting at $33,060. Whereas the Telluride had been $140 more expensive than the Palisade, the three-row Kia now stands $165 beyond the three-row Hyundai.  None of this should affect sales, both models already having won numerous awards, the Palisade receiving a Top Safety Pick+ rating from the Insurance Institute for Highway Safety, the Telluride capping its excellent reviews with victory in the North American 2020 Utility of the Year competition. Kia is moving more than 6,000 Tellurides per month in the U.S., and a carmaker rep said the vehicle "is still on deep backorder." The Palisade looks on track to join it, and both sell for more than MSRP in many parts of the country, according to TrueCar. Based on recent reports, things might get even more varied on the Kia side, in fact. One rumor said there could be flagship luxury and off-road trims on the way. This week, Motor1 heard from "an anonymous Kia employee" with details on a potential X-Line appearance package. The possible cosmetic suite would install a satin black grille, body-colored door handles, bright bumper and lower door garnish, front and rear skid plates, and a unique 20-inch wheel for $1,695. And it's said that Kia is investigating consumer interest in a long-wheelbase Telluride.

Kia teases distinctive next K7, which previews the 2020 Cadenza

The Kia Cadenza has made a home in America for only three years, but it's already up for a serious transformation with its next facelift. Kia South Korea has begun teasing the future of the sedan called K7 in its home market, and the rather anonymous midsizer is ready to make an impact. The four sketches and short video reveal much sharper lines all over, as if the sedan has spent many nights watching YouTube makeup tutorials on how to contour. The concave grille remains, forming a hard vee instead of the angled "C" shape of the current car. Prominent edges on the lower bumper form larger, swept-back intakes, the openings connected by a full-width trim piece with unfurled origami wings at the edges. The headlights go narrow on the coming car, highlighting their jewelry and a new LED DRL pattern. In back, chrome accents are toned down, formerly soft forms adopt hard edges, while taillights with a "Z" pattern get connected by a row of red lights spanning the fascia. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. There's far more drama for the interior. The instrument panel's been reworked to look more plush and make room for a single central feature, the large infotainment screen. HVAC vents move below the screen, and sleek climate controls occupy a compact slot between the vent and a gloss black covered cubby. The shifter has been shrunk into the shape of large, cut gemstone, the entire center tunnel area adopting a luxury sheen. And we can't be certain, but it appears one of the images shows an all-digital dash cluster. Camouflaged Cadenza prototypes have been spotted roaming South Korea for the past seven months. A South Korean reveal is likely just around the corner, giving us a glimpse into what we'll see later this year.