2015 Kia Lx on 2040-cars

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Minivan market not what it used to be, but margins make up for it

Residual values for last year's minivans are higher than they were in 2000.
Much like the station wagon was the shuttle of Baby Boomer generation, the minivan has been the primary means of transport for Generations X and Y. Just as the boomers abandoned the Country Squire, though, those kids that were toted around in Grand Caravans and Windstars are adults, and they certainly don't want to be seen in the cars their parents drove.

Hyundai, Kia to temporarily close U.S. plants in path of Irma

SEOUL — South Korea's Hyundai and sister car maker Kia said on Monday they planned to temporarily shut down plants in the United States to avoid potential damage from Hurricane Irma. The shut down comes at a time Hyundai's U.S. sales have fallen more than the market average, and after it recently announced plans to expand its SUV lineup and launch a pickup truck in the market in an attempt to reverse the slide. In a statement, Hyundai Motor said it would suspend operation of its Alabama plant for two days - between Monday and Wednesday — while Kia Motors will stop operation of its Georgia plant for one day - between Monday and Tuesday. The suspension is expected to result in lost production of about 3,000 vehicles for both, the Yonhap news agency earlier said on Monday, citing a Hyundai Motor group spokesman. A Hyundai spokeswoman declined to comment on the number. Hurricane Irma took aim at heavily populated areas of central Florida on Monday as it carved a path of destruction through the state with high winds and storm surges that left millions without power, ripped roofs off homes and flooded city streets. Hyundai's U.S. sales are down nearly 11 percent this year through July 31, worse than the overall 2.9 percent decline in U.S. car and light truck sales. Sales of the Sonata, once a pillar of Hyundai's U.S. franchise, have fallen 30 percent through the first seven months of 2017. In contrast, sales of Hyundai's current SUV lineup are up 11 percent for the first seven months of this year. Reporting by Joyce LeeRelated Video: Plants/Manufacturing Hyundai Kia alabama

Kia begins developing a Hummer-like military vehicle based on its burliest SUV

Kia confirmed its global range of SUVs will soon include a Hummer-like off-roader developed primarily for military use. While the model will report for combat in South Korea, it might end up rock crawling in Moab. Engineers are currently developing the truck, which is described as an open-top all-terrain vehicle (ATV), but they're not starting from scratch. Kia explained the model will be built on a frame borrowed from the Mohave, a civilian SUV that received comprehensive updates in 2019. It probably doesn't ring a bell because it's not sold in the United States, where the biggest member of the company's range is the Telluride. And yet, it's not entirely foreign. It's an evolution of the V8-powered Borrego introduced in America in 2009 and canceled for 2010. Kia released a rendering that illustrates what the model could look like, and it depicts an off-roader which shares absolutely no styling cues with any member of the firm's current line-up. Don't look for friendly hamsters here. Boxy and tall, it's strongly reminiscent of the AM General Humvee, GM Infantry Squad Vehicle and the Toyota BXD10, which is hardly a surprise and almost inevitable. All of these vehicles were created by following the same basic guidelines. What soldiers in South Korea will receive is admittedly of little interest to most American enthusiasts, but you might not need to travel across the Pacific to slip behind the wheel. Kia pointed out the lessons it learns from developing the ATV will help it improve the durability of its civilian models. Better yet, the yet-unnamed truck will spawn variants for different industries, including the industrial and leisure sectors. While nothing is official yet, the lucrative leisure segment's gravitational pull is what transformed the Humvee into the Hummer, and what turned the BXD10 into the BXD20, which was also called Mega Cruiser and sold in tiny numbers during the 1990s. Kia expects the first ATV prototypes will be ready in 2021. Production will start by the middle of the 2020s. What else is Kia sending to battle? Simultaneously, the company is developing 2.5- and 5-ton trucks for the South Korean military. Unlike the ATV, they won't be related to series-produced cars built for commuters. Both will be built on a standardized platform to keep development and manufacturing costs in check, and they'll be powered by a 7.0-liter turbodiesel engine bolted to an automatic transmission.