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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.

Editors’ Picks January 2023 | Acura Integra, the new CR-V and more

A new year means another long year of testing and evaluating new metal coming from the automotive industry — we know, tough job, right? It also means another year of new cars making it to our EditorsÂ’ Picks status, and weÂ’re starting out January with a bang. In total, eight new vehicles were EditorsÂ’ Picks this month, including some brand-new models like the redesigned Honda CR-V, Cadillac Lyriq and the ever-controversial Acura Integra. In case you missed our previous Editors' Picks posts, hereÂ’s a quick refresher on whatÂ’s going on here. We rate all the new cars we drive with a 1-10 score. Cars that are exemplary in their respective segments get an EditorsÂ’ Pick designation. Those are the ones weÂ’d recommend to our friends, family and anybody whoÂ’s curious and asks the question. The list that youÂ’ll find below consists of every car we rated in January that earned an EditorsÂ’ Pick. 2023 Honda CR-V 2023 Honda CR-V Sport Touring front three quarter View 22 Photos Quick take: An all-around winner, the Honda CR-V is spacious, features easily used technology and looks better than ever. We recommend the efficient hybrid model, but the standard powertrain is a solid option, too. Score: 9.0. What it competes with: Hyundai Tucson, Kia Sportage, Mazda CX-5, Toyota RAV4, Subaru Forester, Nissan Rogue, VW Tiguan, Chevrolet Equinox, Ford Escape, Mitsubishi Outlander Pros: Clean styling; massive interior; efficient engine options; solid infotainment system; many standard safety features. Cons: No base trim levels; lack of specialty options such as plug-in hybrid and off-road models. From the editors: News Editor Joel Stocksdale — "The CR-V is just really good in a lot of ways that really matter. It's enormous inside. It has a clean, stylish exterior and interior. It's solidly equipped. The base engine is pretty underwhelming, but that's rectified with the more powerful, more refined and more efficient hybrid. It simply doesn't do anything badly." Senior Editor James Riswick — "The 2023 Honda CR-V is at its best as the hybrid. While the turbo base engine carries over virtually unchanged, the hybrid is new for 2023. To put it simply, itÂ’s just better to drive. Honda engineers managed to simulate shifts when the gas engine kicks on, providing a more natural driving experience and eliminating the blender-like droning of the outgoing car.

2021 Kia Stinger engine details revealed, and it's getting more power

Powertrain details on the updated Kia Stinger are out, and the theme is more power. We got to see the revised looks a couple of weeks ago, but the information out of Korea today completes the picture of what the Stinger will soon look like. Kia is adding a new 2.5-liter turbocharged four-cylinder to the lineup that makes more power than the old 2.0-liter turbo. The 2.5-liter engine is also exclusive to the North American market. Kia didn’t explicitly say it was dropping the smaller four-cylinder here, but itÂ’s no stretch to assume the less powerful engine will disappear once the new cars begin to ship. This 2.5-liter makes 300 horsepower and 311 pound-feet of torque, which is a big step up from the 255 horses and 260 pound-feet of torque produced by the 2.0-liter. The new engine produces peak torque between 1,650 and 4,000 rpm. Kia doesnÂ’t brag about better acceleration numbers, but itÂ’s surely quicker than before. Next up is the V6 in the Stinger GT. Kia stays the course with the 3.3-liter twin-turbo V6 in this case, but itÂ’s added a new electronic exhaust valve system that unlocks more noise and three extra horsepower. This leaves the final figures at 368 horsepower and 367 (unchanged) pound-feet of torque. Kia says thereÂ’s a small butterfly valve in the exhaust that opens in Sport driving modes, but remains closed in Comfort and Eco. A better exhaust note is one thing we badly wanted out of our long-term Kia Stinger GT. Finally, Kia has an answer — we canÂ’t wait to hear it. ThereÂ’s no change in transmission for the Stinger. All models will continue to come standard with an eight-speed automatic. Both rear-wheel drive and all-wheel drive will be available for both the four-cylinder and GT models, too. In addition to the powertrain news, Kia has detailed new driver assistance systems available on the updated Stinger. Kia added its Highway Driving Assist tech, which weÂ’ve found to be extremely capable of tracing lines around corners on the highway in other Kias. The Blind-Spot Monitor that debuted in the Telluride is also onboard this year — it displays a video feed of your blind spot in the digital instrument cluster when you put your turn signal on. Other new systems include Lane Following Assist, Rear Occupant Alert and Safe Exit Warning. Several other systems are updated with enhanced functionality, too. WeÂ’re unsure of when this Stinger will make it to our shores, but sales are scheduled to commence in Korea sometime in the third quarter.