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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.

Kia Stinger moves upmarket for the 2021 model year

Kia is giving the rear-wheel-drive Stinger a mid-cycle update that brings an updated design, a nicer interior, newer in-car technology, and a handful of powertrain tweaks. The sedan will reach showrooms by the end of 2020. Stylists played it safe when tweaking the front end, which receives redesigned lights that look darker than the current model's. Out back, the new-look lights are connected by a light bar, and the turn signals are made up of 10 individual LEDs arranged to resemble a checkered flag. Some variants are offered with bigger exhaust tips and a wider air diffuser, while new wheel designs and paint colors round out the exterior overhaul. Buyers will have two additional exterior packages to choose from. The first one, called Dark Package, adds a gloss black diffuser, black exhaust tips and black emblems. The second one, Black Package, bundles 19-inch matte black wheels, blacked-out trim, black mirror caps, and a trunk-mounted spoiler. Kia specifically pointed out the Black Package will be offered in North America, but it didn't reveal if we'll get the Dark Package. Kia explained it devoted a considerable amount of energy to making the Stinger's cabin feel more luxurious. It added nicer materials (like metallic trim on the steering wheel), a frame-less rear-view mirror, and, on some models, contrast stitching on the door panels as well as on the dashboard. The firm's newest infotainment system is displayed on a bigger, free-standing 10.25-inch touchscreen propped up on the dashboard. We'll need to be patient to find out what has changed under the hood. Kia alluded to a new powertrain lineup, but it won't reveal what's on the roster until a little bit later in 2020. As of writing, the Stinger's entry-level engine is a 2.0-liter four-cylinder turbocharged to 255 horsepower. Motorists who want quicker acceleration can select a twin-turbocharged, 3.3-liter V6 that develops 365 horsepower. Could there be a step up to the Genesis G80's 300-horsepower 2.5-liter turbo-four and 375-hp 3.5-liter turbo V-6? Rear-wheel drive and an eight-speed automatic transmission come standard regardless of cylinder count, and all-wheel drive is offered at an extra cost. Kia noted the updated Stinger will go on sale in South Korea during the third quarter of 2020. Sales in other global markets — including, presumably, the United States — will start shortly after, and additional details will be released in the coming weeks.

Kia Provo Concept is a Mini-sized hatch debuting in Geneva

The machine you see above is, according to a report from Autocar, the Kia Provo Concept, and it's set to debut at the rapidly approaching Geneva Motor Show. As you can see, the Korean concept draws inspiration from young and hip hatchbacks like the Mini range and the Citroën DS3.
We can't say how much of the Provo's somewhat radical conceptual design will make it into production, such as the contrasting roof color, oversize wheel arches filled with some pretty radical wheels, and one-piece headlight and taillight housings. Suffice it to say, though, we're definitely intrigued by what we see.
Also note the diamond stitching in the interior with chrome, suede and carbon fiber accents. The flat-bottom steering wheel is also rather interesting. These details, along with the racy elements of the exterior design, make us think Kia may be targeting performance-minded buyers with the Provo.