2012 Kia Sorento Lx on 2040-cars

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Hyundai sticks to EV rollout plans, sees solid growth this year

SEOUL — Hyundai Motor said on Thursday it would not delay plans to roll out new electric vehicles and was upbeat about prospects for continued growth this year — a contrast to recent steps by rivals to cut back on EV output. Electric vehicle sales are growing strongly but not as much as carmakers had forecast, with demand hit by high interest rates. "We do not plan to dramatically reduce EV production or our line-up due to likely near-term hurdles as we believe EV sales will grow longer term," Seo Gang Hyun, an executive vice president at the South Korean automaker, told an earnings briefing for analysts. The Hyundai Motor Group, which encompasses the Hyundai, Kia and Genesis brands, said in April it plans to launch 31 EVs by 2030. This includes the launch of the Ioniq 7 SUV next year. Seo said Hyundai's EV sales next year could be slightly lower than previously expected, but the automaker had the production flexibility to boost output of gasoline engine cars if demand shifted that way and he did not expect a significant impact on overall sales. When asked about the impact on Hyundai Motor of the United Auto Workers (UAW) union reaching a tentative labour deal with Ford, Seo said the company expects the deal will have an impact on wage increases at its U.S. factories, but such costs could be covered as the automaker has been putting effort into reducing costs, such as in logistics. Hyundai Motor, which is not a member of the UAW, operates an assembly plant in Alabama and is building a factory to produce EVs in Georgia. For the third quarter, Hyundai booked a net profit of 3.2 trillion won ($2.4 billion), more than double its year-earlier result and beating an LSEG SmartEstimate of 2.9 trillion won, with the automaker helped by a favourable exchange rate. Sales also increased, climbing 8.7% to 41 trillion won on solid demand for high-margin gasoline SUVs. Sales of EVs and hybrids also grew, up by a third to 169,000 units. This month has seen a flurry of downbeat EV announcements. Citing flattening demand for EVs, GM said it would delay production by a year of Chevrolet Silverado and GMC Sierra electric pickup trucks at a plant in Michigan. Ford is temporarily cutting one of three shifts at the plant that builds its electric F-150 Lightning pickup truck. Tesla is also slowing plans for a Mexico factory, while GM and Honda announced on Wednesday that they were ending a $5 billion plan to develop lower-cost EVs together.

2018 Kia Stinger GT long-term wrap-up | Putting the grand in grand tourer

One of our latest long-term tester departures is our 2018 Kia Stinger GT, and it's one we're sad to see leave. Our really red example was optioned ideally for this group of enthusiasts in southeast Michigan with the twin-turbo 365-horsepower V6, a few extra comfort features with the GT1 package such as a sunroof and heated steering wheel, and of course, all-wheel drive. And after over 18,000 miles of driving the Stinger, we were thoroughly impressed. The engine felt impressively powerful, delivering a big ol' shove to the back with every stab of the throttle. The handling was confident and quick. While it wasn't our exact long-term car, one of our editors took a Stinger to the track and had a good time with it. The styling never grew old, looking just as low, lean and aggressive as when it first arrived. And it was even comfortable and practical, just look at all the stuff we could stuff in it! Looking at everyone's final thoughts, the Stinger made a near-perfect daily driver. There were a few snags during our custody, though. A few creaks and rattles appeared, including an issue with a door hinge that had to be fixed by the dealer. We also ended up with a warped brake rotor that needed changing. Something that couldn't be fixed was the Stinger's thirst. We averaged between 19 and 23 mpg in mixed driving plus the occasional long highway slog. That's actually slightly better than the EPA's combined estimate of 20 mpg, but it's still not stellar. The four-cylinder is the way to go if you'll be racking up a lot of miles. Gripes aside, the Stinger GT was a welcome part of the Autoblog fleet. See what we all had to say about it in more detail below. 2018 Kia Stinger GT View 10 Photos Editor-in-Chief, Greg Migliore: I really enjoyed our long-term Stinger. It had guts. It had plenty of power. It was fun to drive. It had emotion in a way only a few non-luxury sedans have. Frankly, it's this and the Dodge Charger as far as large sedans go for enthusiasts. I loved how the Stinger sounded; guttural and deep. It looked the part, too, though some of the accents weren't to my taste. The steering was excellent, the right balance of precision and pliability. It offered confidence to push the car in corners and the necessary feedback to do so with skill. I really liked the Stinger. It offered a great value, though the interior did start to show some aging after a year in our fleet.

Rivian R1T, Mini Cooper Electric owners happiest with their EVs

The J.D. Power 2023 U.S. Electric Vehicle Experience (EVX) Ownership Study is out, and there's change at the top. With the swelling adoption of electric vehicles in the U.S. over in the past two years especially, the third year of the EVX study changes focus to first-time EV buyers. Those two factors encouraged change at the top of both premium and mass-market segments. Among premium EVs, the Rivian R1T pickup scored overall victory in its first year of eligibility with a satisfaction score of 794 out of 1,000. The Tesla Model 3 takes second place with 759 points. Tesla had won the top two premium spots in the study in 2021 and in 2022. The average score in the premium segment was 756. The Tesla Model Y (754), Audi E-Tron (735), and Polestar 2 (724) filled out the list of the five eligible models this year. Among the ten eligible mass-market vehicles, the Mini Cooper Electric nabbed the overall win by scoring 782. The Kia EV6 came second with 762 points, keeping Kia in the top two; the Kia Niro EV won the mass-market segment the previous two years. The Ford Mustang Mach-E (742), Hyundai Ioniq 5 (738), and Volkswagen ID.4 (735) completed the top five, the Niro EV (733) in sixth. All were above the segment average of 730. The four models fell below the segment average were the Ford F-150 Lightning (723), Chevrolet Bolt EUV (716), Chevrolet Bolt (711), and Nissan Leaf (698). How are the scores derived? J.D. Power worked with EV app maker and research firm PlugShare to get owner responses in ten areas: accuracy of stated battery range; availability of public charging stations; battery range; cost of ownership; driving enjoyment; ease of charging at home; interior and exterior styling; safety and technology features; service experience; and vehicle quality and reliability. Brent Gruber, executive director of the EV practice at J.D. Power, said, "Recent vehicle launches from both new brands and traditional automakers have had a profound effect on what factors are most important in the ownership experience. Today’s EV owners are looking for quality, reliability, driving enjoyment, safety and technology features." The Mini, in fact, scored highest of any premium and mass-market EV in the studyÂ’s highest-weighted index factor, quality and reliability.