2013 Kia Sorento Lx on 2040-cars

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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.

Kia electric concept car for Geneva displays a 21-screen salute

Kia is going to show an electric concept car at the 2019 Geneva Motor Show (we got our first look last week), and the automaker has revealed some interesting and even funny details about the car ahead of time. For starters, there will be 21(!) individual high-resolution screens in this puppy. The teaser photo of the interior is showing off a lot of them, but don't fret, there are still more in there somewhere. Kia isn't exactly serious about this kind of a setup; here's a section of the press release for you as an example: "In a humorous riposte to the industry's current obsession with ever increasing dashboard screens, the concept features 21 individual ultra high-resolution screens. These curve their synchronized way across the top of the dashboard in a layout that's at the same time both casual and coordinated." So yes, it's a joke. But it's still sort of incredible a concept like this one will exist. We don't expect 21-screen interiors to be reality anytime soon, especially when the folks who designed it agree that it's completely laughable, too. What comes next in the release is also a bit confusing. Kia says this is its first pure-electric four-door passenger car — nothing wrong there. However, it then goes on to say it combines elements from "a muscular sports utility vehicle, a sleek and athletic family saloon and a versatile and spacious crossover." SUVs and crossovers are mentioned twice there, but this is meant to be a four-door passenger car? The teaser makes it look like the concept is much more car-like than a crossover, but it could be deceiving. A hint of black cladding is shown in this side profile shot as the closest hint to its intentions of being more crossover-like. Another interesting detail here is the evolution of Kia's tiger nose grille we saw introduced on the Stinger. It looks like future Kia electric cars will have a "tiger mask" (ha) instead of a traditional flow-through grille. We dig the normal design itself on the Stinger, and the teaser itself doesn't disappoint. The car/crossover/combination thereof will be revealed in Geneva on March 5, so check back then to see the full concept. Related Video:

Kia Proceed Concept is like a tiny Stinger GT

Related: We obsessively covered the Frankfurt Motor Show — here's our complete coverage After releasing a teaser recently, Kia has dropped a couple of official photos of its mysterious wagon concept, as well as its official name. It's called the Proceed Concept, and it will set the stage for the next generation of Kia C'eed compact cars, which compete with the Honda Civic, Ford Focus and Volkswagen Golf, among others. What's somewhat unusual about this Proceed Concept is that its name is akin to the current Kia Pro_cee'd (a name that's sure to have every editor pull out a few hairs), which is the two-door hatchback version of the normal Cee'd. This Proceed Concept is very clearly a four-door hatchback, bordering on traditional wagon. Based on what Kia says about the car, they've seen people are more open to alternatives to typical two-door hatches, and thus are considering something different for the future model. We certainly have no qualms with the body style since not only is it a wagon, which as journalists we're practically required to like, but it's a darn good-looking one, too. The whole car sits extremely low over the wheels, and all of the car's lines appear to be drawn back to a taper, evoking a sense of speed and sleekness at rest. It looks sleeker than the already sharp Stinger GT. Aside from the classically pretty lines, it has another very unusual styling feature. The bright outline of the car's greenhouse is not chrome, nor is it white painted trim. It's actually illuminated with something called Luminline. So even at night, the car's rakish roofline will be visible. Of course, since this is the concept for a European-only car, we likely won't see the production model in the States. But just in case someone from Kia is reading, we have a suggestion: Just put a Forte badge on it and sell it here. The average person won't know or care, and it saves you from having to develop a separate model for one market. Think about it. Related Video: