2014 Kia Optima Ex on 2040-cars

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Hyundai outlines EV strategy as it struggles with cost of engine defects

SEOUL — South Korea's Hyundai Motor pledged to boost sales of electric vehicles to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the target as conservative and warned of the costs. The announcement by Hyundai, the world's fifth largest car maker along with affiliate Kia Motors, underscores the accelerating strategy shift under Euisun Chung, who became the motor group's executive vice chairman last year. Hyundai announced a $35 billion investment last week in mobility and other auto technologies by 2025, less than a month after unveiling a $1.6 billion deal to develop self-driving vehicle technologies with Aptiv. The firm said on Thursday it plans to launch 16 EV models by 2025 to boost sales of such vehicles 17-fold to 560,000 by that year. Still, that would be equivalent to just over 10% of its projected global sales this year. The projection compares with more bullish forecasts offered by its bigger rivals. Volkswagen AG expects to make 22 million EVs over the next decade, while General Motors aims to sell 1 million EVs annually by 2026. "That is not an ambitious target. If Hyundai fails to boost volumes fast enough, costs of electric cars will weigh on profitability," Lee Jae-il, an analyst at Eugene Securities & Investment. Hyundai said that the EV market would face intensifying competition and oversupply soon and automakers failing to meet toughening European emissions regulations will face heavy penalties and suffer a serious blow to their reputation. "EV supply is expected to surpass demand from the second half of next year," Ka Suk-hyun, vice president of Hyundai Motor, told an earnings conference call. Quality issues Hyundai's third-quarter net profit rose 59% to 427 billion won ($365 million), well below the average 684 billion profit estimate of analysts based on Refinitiv data, due to 600 billion won provisions it earmarked to address potential engine defects in the United States and South Korea. Quality issues have been a major drag in Hyundai's attempt to steer a recovery from six consecutive annual profit declines and constrained its financial firepower to invest in future technologies. It is still under investigation by U.S regulators and prosecutors over potential faulty engines in some models. Total retail sales fell 3% in the third quarter, as higher U.S.

A closer look at the Kia GT4 Stinger Concept

When we named the Kia GT4 Stinger Concept as our top debut at the 2014 Detroit Auto Show, our comments section had, let's call it, a tantrum. People were not pleased. Debuting alongside hugely significant production cars like the Chevrolet Corvette Z06, Ford Mustang, Ford F-150, Lexus RC F, BMW M3/M4 and Chrysler 200 (not to mention great concepts like the Toyota FT-1, Infiniti Q50 Eau Rouge and Volvo Concept XC Coupe), what business did a tiny, turbocharged, rear-drive Kia concept car have winning the prize as the best of Detroit?
Well, as it turns out, it has every right to be there. Our own Michael Harley sat down with the head of US design for Kia, Tom Kearn, to discuss the GT4 Stinger and find out just what the brand was thinking when it decided to create such an enthusiast-oriented concept. The interview gives a great insight into the car and its design, while Harley goes into some detail at the end of the video about why the GT4 was the Autoblog Editors' Choice of the 2014 Detroit Auto Show.
Scroll down to watch the full interview.

2021 Kia Sorento Review | What's new, price, hybrid fuel economy, pictures

The Kia Sorento has always gone its own way. We'll spare you a history lesson, but in short, Kia's midsize crossover has never fit neatly into a same-sized competitive set. That continues for the all-new, fourth-generation 2021 Kia Sorento. It's still a midsize crossover, it still has three rows of seats, but it's still not as big as other three-row family crossovers, including Kia's own Telluride. Not everyone needs that much space. At the same time, though, perhaps you might need more than the Honda CR-Vs and Toyota RAV4s of the world provide — plus a few extra seats. For many, the Sorento should make a lot of sense. The biggest change for 2021, then, is the amount of variety the Sorento now offers. The new X-Line trim model is basically Kia's answer to the Subaru Outback or perhaps a Toyota RAV4 Adventure. It gets an extra inch of ground clearance for a lofty 8.3 inches total, standard all-wheel drive with a locking center differential, more functional roof racks and different styling. It's no rock crawler, but for weekend adventures, it should do the job nicely. All other trims get revised styling as well, with the SX in particular slathered in glossy black trim and wheels. It's the interior that sees the bigger visual overhaul, plus an injection of the latest technology, plus a slight improvement to the Sorento's already above-average interior quality. There are huge changes under the hood. The base four-cylinder is bigger and a bit more powerful, while the old V6 engine upgrade gives way to a 2.5-liter turbo inline-four good for 281 horsepower and a robust 311 pound-feet of torque that smokes all those bigger three-row crossovers — including the Telluride. From there, things get green. The Sorento joins the Toyota Highlander and Ford Explorer as the only three-row hybrids, and betters them both with an estimated 37 miles per gallon combined. Then there's the new Sorento Plug-In Hybrid, which is the only three-row plug-in hybrid SUV from a non-luxury brand. It can go an estimated 32 miles on a charge, which should be more than enough to run the dayÂ’s chores without the turbocharged gas engine firing up. All of this makes for a compelling, diverse lineup. Whether you're considering one of the larger compact SUVs, a two-row midsize SUV or a bigger three-row family crossover, the new Sorento is a smart alternative to consider and one of our top recommended midsize SUVs.  What's new for 2021? The Sorento is all-new for 2021.