2002 Kia Spectra Base Sedan 4-door 1.8l, No Reserve on 2040-cars

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Hyundai Q1 profit triples, as it adjusts production due to chip shortage

  SEOUL — Hyundai Motor Co posted a first-quarter profit that nearly tripled to its highest in four years as people bought its luxury cars, but warned it would have to adjust production again in May because of a chip shortage. Unlike its rivals, the South Korean automaker staved off production halts in the first quarter, thanks to a healthy chip inventory. But the shortage, exacerbated by factors including a fire at a chip factory in Japan and storms in Texas, is now catching up with Hyundai. Hyundai, which has lagged its rivals in the electric vehicle (EV) race, also said on Thursday that it was developing solid-state batteries and planned to mass produce EVs using solid state batteries in 2030. In February, Hyundai launched its Ioniq 5 electric midsize crossover, the first in a planned family of EVs that it hopes will propel it into the third rank of global EV makers by 2025. Hyundai Motor and Kia together aim to sell 1 million EVs in 2025. In the quarter ended March 31, Hyundai was unscathed as people at home and the United States snapped up its high-margin sports-utility vehicles and premium Genesis cars as the coronavirus pandemic dragged on, fueling car ownership. Net profit surged 187% to 1.3 trillion won ($1.16 billion) from 463 billion a year earlier, when business slumped as countries shut down to limit the spread of the coronavirus. This was in line with an average Refinitiv SmartEstimate. Revenue rose 8.2% to 27.4 trillion won. Hyundai is expected to report net profit of 1.4 trillion won for the April-June period, up 536% from the corresponding period a year earlier, Refinitiv SmartEstimate showed. Hyundai affiliate Kia Corp reported operating profit of 1.1 trillion won for January-March, up 142% on the year. Hyundai, which together with Kia is among the world's top 10 automakers by sales, has temporarily paused production three times since the beginning of this month and saved chips for its most popular models. "The condition of semiconductor parts is being a little more prolonged than we expected," said Seo Gang-hyun, an executive vice president at Hyundai. "As the semiconductor procurement condition is rapidly changing, it's difficult to predict production status after May.

Superman joining Kia's Justice League-themed fleet of vehicles

Kia is teaming up with the Justice League once again to create another show car that will be on display at the Chicago Auto Show. At the 2012 SEMA Show, Kia showed off various models inspired by DC Entertainment characters Batman, Aquaman, Flash, Green Lantern and Cyborg, but a Superman-themed Kia Optima Hybrid will roll into the Windy City for next week's show.
In the above drawing, we only get to see a small portion of this car inspired by the Man of Steel, but it will have the requisite red-and-blue paint scheme with Superman's shield on the hood (subtle, it is not).
The previous cars include the Batman Optima, Aquaman Rio, Flash Forte Koup, Green Lantern Soul and Cyborg Forte. All six cars were created to raise awareness for the "We Can Be Heroes" campaign, which helps families in eastern Africa affected by drought and famine.

2020 Kia Forte GT revealed at SEMA adds turbo engine, manual transmission

We figured it was coming soon, but the performance version of the Kia Forte just dropped at SEMA. Named Forte GT, this 2020 model sedan takes the redesigned for 2019 Forte and turns it up a few notches in the fun department. Replacing the naturally aspirated 2.0-liter four-cylinder is a 1.6-liter turbocharged four banger. It makes 201 horsepower and 195 pound-feet of torque, which is identical to the power it makes in the Hyundai Elantra Sport and GT Sport. A "sport-tuned" dual exhaust is added to give the car some aural appeal too. Buyers will be able to choose between a six-speed manual and a seven-speed dual-clutch automatic, also the same as the Elantra. We hope you're noticing a trend here. The torsion bar rear suspension is replaced with a fully independent suspension design, making it that way for all four corners. Thicker sway bars and larger disc brakes are used all around as well. To keep it stuck to the ground, Kia is offering Michelin Pilot Sport summer tires as an option — that's pretty sweet. All of these changes follow the same pattern as the Elantra did when Hyundai introduced the Sport trim for that car. The Hyundai doesn't offer this aggressive of a tire package though. Of course, there are exterior changes here, too. New 18-inch two-tone wheels are exclusive to the GT. A shouty (and questionable) gloss black and red accented grille with GT designation is the most obvious switch-up. There's more gloss black on the mirrors, side sills, rear spoiler and turn signals. Black sport seats with red contrast stitching, a flat-bottom steering wheel and aluminum sport pedals differentiate the interior from the normal Forte trims. Kia is also making a less exciting Forte "GT Line" trim car, which is essentially a GT appearance package. You'll get almost all the go-fast look parts, but the mechanicals are identical to the standard Forte. This means the 2.0-liter, CVT and torsion beam rear go back in. The baby Stinger theme is carried on with this car in its name and even the GT1 and GT2 option packages available for these two new trim levels. Both the packages offer differing levels of Kia's driver assistance technologies, as well as tech like a Harman Kardon audio system and heated/cooled seats. While we can safely say the new Forte is no Stinger, this GT trim is an extremely welcome addition, especially the continued option for a manual transmission. Related video: