Report: Hyundai quarterly profit up 46% to $1.75B

Hyundai had a great year, and the results will show in the form of healthy profits. According to BusinessWeek, the Korean automaker earned $ 1750000000 in the first quarter, up 46 percent over the first quarter of 2010. The total turnover of the industry by 21 percent to $ 17,000,000,000th

Sales volumes were higher as well as the 922 000 units sold worldwide nine percent. Much of that increase occurred in the plants in the U.S. and China, where production climbed by 14 percent. A richer model mix and boost Hyundai profits, such as pricing, depending on the model by an impressive 14 percent in the overseas markets and 2.5 percent in the Korean domestic market.

Hyundai impressive performance in the second quarter, helped rally stocks in Korea, and the automaker saw a gain of 7.5 percent on the day. For the year, Hyundai's shares rose a steep 44 percent.

Report: Hyundai Sonata Hybrid delay due to modifications of virtual engine sound

Hyundai Sonata mid-October, announced that its 2011 Hybrid would be eligible for a $ 1,300 tax credit. The electrified midsize sedan has been planned to plop the merchants end of 2010 and the first 60,000 buyers to take a little cash in line for the Sonata hybrid would I sunk that credit. However, there was a catch: the Sonata hybrid was delayed, dashing any chance of snagging the $ 1,300 credit.

What caused the delay? Well, made by Hyundai Chief Executive Officer John Krafcik, last-minute changes to the vehicle "virtual engine sound"system, "surprisingly late in the process" was the culprit. The automaker originally developed, the Sonata hybrid with a feature that drivers would disable the vehicle pedestrian warning system, but after the Senate and voted for a measure requiring hybrids and inexpensive plug-emit in cars to automatically audible sounds at low speeds, Hyundai manual disable functionality had to be canceled.

According to Green Car Reports is required, that an amendment to change the vehicle wiring harness, user interface software and instructions that caused the long delay. Hyundai Sonata 2011 delivered the first hybrid in January.

Hyundai Sonata Wagon? Comely i40 revealed ahead of Geneva debut

Ahead of his debut at the upcoming Geneva Motor Show, Hyundai has released the first pictures and details of the new i40 wagon. Developed at Hyundai's European site in Rüsselsheim, Germany, the i40 in Europe will be launched in the form of car before the sedan follows later this year.

Hyundai will present the latest design language, which i40 packs a lot of features you'd normally expect to see on a high-end products - like their Genesis and Hyundai Equus models, for example. The package includes features such as heated and reclining positions front and rear seats and an intelligent de-mist system that automatically keeps the windshield fog-free.

The question of relevance to North American consumers, however, is whether the i40 makes Stateside as a counterpart to the car Sonata sedan. We know that both the majority of our readers and a couple of important people at Hyundai of America want it, but we must wait and see if everyone gets their wish. In the meantime, you can watch the two pictures in the gallery below and extent of the new features in the press release after the jump.

Hyundai CEO Krafcik warns against price war, short-term thinking

Hyundai Motor America President and CEO John Krafcik believes that some car manufacturers from a price war that an unwise step that would focus exclusively on short sales.

General Motors had strong sales in January 2011, but its 23 percent gain was stronger incentives and price cutting. After moving GM made, followed in accordance with Toyota.

Krafcik said that Hyundai, which is one incentive spending among the lowest in the industry, no plans in this game must join. Heavy incentive spending and lead to sharp declines in a car manufacturer Ledger. Hyundai sales rose 24 percent in 2010 and Krafcik expects improvements in 2011 to see. While some automakers to fiddle with the radio, Krafcik is the attention to the road in front of him.

Chicago 2011: No power upgrade for the Hyundai Genesis Coupe "for a little while"

The Hyundai Genesis Sedan has just an updated 3.8-liter V6 with 333 hp and get 291-pound-feet by 43 more horses and 27 more pound-feet of torque on his performance.

The Genesis Coupe, on the other hand, is to play with 306 hp and to Hyundai spokesman Jim Trainor, not that going to change soon. When we asked if the Genesis Coupe V6 would get the new, he said: "They are no different from the Genesis Coupe drive train for a little while." Trainor would not define what amounts to "a while", but to say: "You will probably have a similar strategy of Genesis Sedan," suggesting that launched the Coupe is a power, if it gets a facelift, "probably in the next year will get. "

Chicago 2011: Hyundai Veloster Rally Car is ready to duel in U.S. Rallycross

Rhys Millen drove his new Hyundai Veloster Rally Car in the spotlight at the Chicago Auto Show this morning. The purpose-built race car with a hand-built Hyundai built 2.0-liter four-cylinder engine with a turbocharger HKS ball bearing reinforced. As expected, the animal makes some serious power. According to Hyundai, the four-banger spits out 500 horsepower and 600 pound-feet of torque. A Xtrac six-speed manual transmission sends power to an Xtrac sequential permanent four-wheel drive system. The suspension of Jumbo Proflex coilovers that this competition give Veloster generous travel together to help. Hidden within the 18-inch alloy wheels HRE (wrapped in 245/40-18 Hankook racing tires) are 14-inch Alcon rotors front and 12-inch Alcon rotors in the rear (six-piston calipers sit on all four corners) . With a curb weight of just 2656 pounds, the Veloster Rally Car's acceleration would have to be ... um, get sick.

Check out the Veloster Rally Car this year, driven as it competes in the 2011 U.S. Cross Rally Championship by Millen, Robbie Maddison and Mark Dodd. Maddison and Millen will drive Veloster rally cars at Summer X Games, where they compete against Ken Block and Tanner Foust in their Ford Fiesta racing cars, among others. Should be fun.

2012 Hyundai Genesis sedan gets new 5.0L V8, upgraded V6

 

 It seems like yesterday when the car industry Hyundai shocked with the Genesis sedan. The hard truth is that the Korean automaker's first foray came in the luxury market in 2008 as a 2009 model year. Hyundai will not rest on its laurels and new updates for the model year 2012 during the Chicago Auto Show debut this week.No self-esteem renew the mid-cycle without a completely new drive train complete, and the Genesis is blessed with a doozy. A brand new R-Spec trim level sport is a completely new direct-injected 5.0-liter V8 - a mill that provides for the larger Equus's. The new engine, Hyundai is the strongest engine that produces 429 hp each at 6,400 rpm / min and 376 pound-feet of torque at 5,000 rpm. This is very impressive 85.6 hp per liter from a naturally aspirated grunt or more per unit than the competition from Lexus and Mercedes-Benz.
Impressive stuff, and Hyundai followed by a new eight-speed automatic transmission, which was developed in-house. The new tranny will help the R-Spec model to reach an estimated consumption of 25 miles per gallon on the highway and 16 mpg in the city. The R-Spec model is also unique 19-inch wheels, along with more aggressive suspension and steering tuning.
The Genesis sedan will have still made the 4.6-liter Tau V8 and 3.8-liter V6 offers, but changes to increase both performance and efficiency. The 4.6-liter V8 is now being rewarded the driver with 385 ponies thanks to tweaked induction and timing. Wha't smore is the upgraded eight-cylinder mill, now hit 26 mpg mpg on the highway, from 25. The 3.8-liter engine, has added direct injection for 2012, pump horsepower by a significant 15 percent - 333 hp and 291 lb-ft for you number crunchers out there, up 43 ponies and 27 Nm from the old engine.
Hyundai rounded changes for the 2012 model year to keep up with a few tweaks fresh design aesthetic. The updates include a revised grille and front bumper, the integration of new headlamps with LED accents and dark chrome headlight units. Out back, Hyundai has new taillights and a revised fascia and integrated dual exhaust tips. Other changes include a variety of internal updates and new Genesis 3.8 Premium packages and technology. Hit the jump to read extensive material Hyundai press release and click on the photo above or the gallery below for high-res pics.

Rhys Millen's new 500-hp Hyundai Veloster rallycross machine drifts into Chicago [w/sound]

There are more famous racing family as the Millers, but not many. While Steve Millen was closely linked to Nissan finds his brother and nephew have long been associated with the name Hyundai was the nephew Rhys Millen, know we love and the drifting champion. And this is the latest tool of his trade.
Rhys Millen Racing with the new coupe Veloster that last month's Detroit auto show debut, preferring to start anything. They pulled the chassis to its bare metal, soaked in Alkalai for five days and then amplifies the welding. They replaced the metal body panels with carbon / Kevlar shell cut to 75 percent of the weight, the scales fall to £ 2,656. The company deducted for the interior and installed a custom eight-point roll cage, firewall, and Sparco bucket. What's more, uses the Veloster Rallycross car indefinite custom long travel suspension, with 18-inch wheels HRE, Hankook rubber and 14-inch Alcon brake discs (12-inch rear), packed six-piston calipers all around.
The real treasure, however, sits under the slotted hood: Hyundai 2.0-liter four-cylinder screw, a ball-bearing HKS turbocharger drive whopping 500 hp and 600 lb-ft of torque through an X-Trac six-speed sequential for all four wheels. Hot diggity damn.

Rhys be swinging the Veloster at the 2011 U.S. Cross Rally Championship and the exchange with bicycle motocross Robbie Maddison at the Summer X-Games. A second car for Maddison is to share with Rally Champion Marcus Dodd also built in the United States Rally Cross Championship, while a third front car with driver will be built for Celebrity. Follow the jump for more details in the press release and an official video, and see the other pictures in the gallery below.

Hyundai shows off two of this year's Super Bowl commercials

Hyundai has bought as many as four 30-second spots during this year's Super Bowl, what we can only imagine is more money than we make in three lifetimes. Two of these spots illuminated sell the Hot-Sonate, while the other two have been reserved to get the word out about new 2011 Hyundai Elantra is.
In fact, the Elantra is part of a much larger marketing campaign kick-off this weekend with new commercials, which aired during the NFL's AFC Championship Game. The thing is, you could not have said these ads are for a Hyundai, because they are not brands, not forgetting the company or even by car.
This, my friends, is how to do viral marketing company (Note: You may not want to tell us that you do something viral, because it is not more viral). Without mentioning the product they are trying to sell are, this broadcast pre-Super Bowl commercials during the AFC Championship Game, with more ads in print and on the Internet, the conspiracy highlight compact car buyers, brainwashing, poor design and accept a lack of innovation in exchange for objectivity and reliability. Then, during the Super Bowl, Hyundai Elantra will show the two in connection with commercials, what was the rest of the non-branded marketing campaign to sell really try. That is, the Elantra. Clever, except for the part where we said before, what are the secret spots are all about.
Check out the Elantra, the two Super Bowl commercials for yourself after the jump.

Marchionne: Chrysler planning hybrid minivan for 2013

Chrysler, the automaker to the top of the minivan movement in the 1980s, is seriously thinking about his family tractor business. As we reported earlier, the Chrysler is scrapping one of the two twins minivan by 2013, making room for a small micro-van within the next few years to start - a vehicle that compete with the likes of the Ford C-Max and Mazda5 . Now, Chrysler CEO Sergio Marchionne, reports confirmed that a hybrid version of the company's next-generation minivan on the way, should be up to 2013 debut.

Which is for use in hybrid minivans use the same drive technology, we shall see in the gasoline-electric version of the Chrysler 300 sedan, will also be set to start in 2013 planned the drive train. The factory, where both the Chrysler Town & Country and Dodge Grand Caravan are built today - The new van will be built at the automobile manufacturer Windsor Assembly Plant in Canada.