2001 Kia Sportage Base Convertible 2-door 2.0l on 2040-cars

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Hyundai Motor Group promotes heir apparent

SEOUL — Hyundai Motor Group promoted heir apparent Euisun Chung on Friday to a role of overseeing the conglomerate, moving him a step closer to succeeding his octogenarian father as head of South Korea's second largest group. Chung, 47, who will assist his father and group chairman Mong-Koo Chung, was appointed as executive vice chairman to respond to "deteriorating global trade issues and changes in competitive dynamics in major markets," Hyundai Motor Group said in a statement. Chaebols like Hyundai and Samsung Group, which have grown into global firms from the rubble of the 1950-1953 Korean War, are undergoing a transfer of power to third- or fourth-generation leaders. "In his new capacity, Executive Vice Chairman Euisun Chung will oversee the entire Group's operations, aiding and reporting to Chairman Mong-Koo Chung," the statement said. The appointment also comes as Hyundai battles tumbling profits, mounting pressure from activist shareholders to improve its governance, and amid South Korea's trade tensions with the United States that threaten to disrupt its production plans. "This is a good sign," Park Yoo-kyung, a director at Dutch pension fund APG Asset Management, said of the appointment. "This will enhance transparency about who is controlling the group and who is making key strategic decisions," she said. Generational shift The junior Chung, currently vice chairman of the group's crown jewel, Hyundai Motor Co, has stepped up in recent years, attending motor shows and government meetings with business leaders on behalf of his 80-year-old father who has made few public appearances. Shares in Hyundai Motor ended up 0.8 percent on Friday, and affiliate Kia Motors fell 0.3 percent in a wider market that rose 1.4 percent. Chairman Chung, the all-powerful boss, has presided over Hyundai for about two decades, transforming the company into the world's fifth-biggest car maker along with Kia Motors. Hyundai is now struggling to reverse slowing sales in China and the United States, where the company has suffered due to its delayed response to booming demand for SUVs. The appointment is part of an effort to "improve future competitiveness and secure future growth engines" at a time when the auto industry is undergoing major changes, the group said. The junior Chung has led the group's efforts to develop future vehicles such as autonomous and connected cars, as well as Hyundai's fledging premium brand Genesis.

Kia Telluride takes World Car of the Year honors

The Kia Telluride has been named 2020 World Car of the Year, an award that recognizes the most significant new-vehicle introduction as determined by an international jury of automotive journalist judges. The Telluride adds to its string of honors by beating out the Mazda CX-30 and the Mazda3, the previously announced finalists for the WCOTY award. The organization also announced the winners of additional awards: The Porsche Taycan was recognized as World Performance Car of the Year, beating out its siblings, the 911 and the 718 Boxster Spyder/Cayman GT4. The Taycan further took top honors as World Luxury Car of the Year, besting the 911 and the Mercedes-Benz EQC in that category. In a second win for Kia, the Kia Soul EV was named World Urban Car of the Year. The Soul beat out the Mini Cooper SE and the Volkswagen T-Cross. Finally, the Mazda3 was honored as World Car Design of the Year. The Kia Telluride follows last year's WCOTY, the Jaguar I-Pace. Previous honorees include the Volvo XC60 in 2018, the Jaguar F-Pace in 2017, and the Mazda MX-5 in 2016. The WCOTY team consists of 86 jurors from 24 countries, and the organization is independent and not tied to any publication. This is the 16 th year for the awards. Related Video:    

Kia Provo Concept is the hybrid bruiser we've always wanted

Kia has taken a stab at the sport hatchback segment with its Provo Concept. Unveiled at the 2013 Geneva Motor Show, the machine features menacing styling that could give the Mini Cooper or Citroën DS3 something to sweat over. Kia says the concept features a hybrid drivetrain comprised of a turbocharged 1.6-liter four-cylinder engine with 201 horsepower that spins the front wheels, while a 44 hp electric motor can add extra thrust to the back rollers when necessary for simulated all-wheel drive. The setup can also provide electric-only propulsion at low speeds.
The interior serves up a carbon fiber dash adorned with analog gauges and a small digital display. Aluminum toggle switches control most of the vehicle's systems while column-mounted paddle shifters take care of swapping gears. If this all sounds too good to be true, it is. Kia says it has no plans to bring the Provo to life. Hit the press release below for a closer look at the concept.