Hyundai CEO Says Big Changes Needed for Survival

Thursday February 12th, 2009 at 2:22 PM
Posted by: m35man

John Krafcik, CEO of HyundaiThe top executive of Hyundai Motor America declared that the auto industry must make some major changes if they hope to survive, including drastically altering its entire business approach, capping executive salaries, raising the bar on fuel economy standards and embracing environmental goals and federal mandates before the government steps in or decides to bail them out.

The Big 3 should listen to John Krafcik, CEO of Hyundai. What he says makes a lot of sense. Had they been doing these things long ago, they might not be in the mess they’re currently in. We’ve gotten too big and bloated in this country; too complacent and too greedy–in the case of many CEO’s and top management—not just in making cars but in just about any form of big business you can think of.

What Krafcik was telling us is not anything new or revolutionary. The Big 3 must know these things as their viability discussions with the big wigs in Washington rapidly approach. What Krafcik outlined is basically what you would read in a book titled, “Car making for Dummies.”

Krafcik is in a position to speak intelligently on this topic. While car sales in this country are plummeting at lightning speed, Hyundai sales are up. It must be a real thorn in the Big 3’s side to have to listen to him, but they should—maybe they can learn something, even at this late date.

I know that a lot of people have been piling and criticizing just about everything the Big 3 does or doesn’t do, but in many ways, it’s well-deserved. If they had been forward-thinking and proactive in doing many of these common sense things, they’d be in much better shape right now.

Read this article, which appeared in the Detroit News, after the jump:

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Lose Your Job—No Problem! Just Give the Hyundai Back!

Tuesday January 6th, 2009 at 12:11 PM
Posted by: goofshow

HyundaiIs this a sign that the end is very near? Desperate beads of perspiration must be breaking out on the brow of our nation’s auto industry. Get this, Hyundai Motors is offering an incentive program for U.S. consumers; if you buy a car and lose your job, you can simply return your vehicle—no flippin’ strings attached! I kid you not.

Here’s what they are offering: Any Hyundai customer may return a vehicle within the first year of purchase (12 months) and WALK AWAY from their loan obligation — up to $7,500 in “negative equity” — in the event of a loss of income. Terrific! I’m going to get a job at Burger King with the sole intent of being fired in a couple weeks due to a horrific, life-changing milkshake mishap just so I can temporarily have a set of Hyundai wheels to spin around in. It’s just like renting a car, but without the rental payment part.

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2010 Hyundai Genesis Coupe – First Ride. Not Drive, Just Ride.

Tuesday October 28th, 2008 at 12:1010 PM
Posted by: Kurt Gensheimer

Hyundai Genesis Coupe
By Kurt Gensheimer

Blings:

  • Two raucous, high-po engine options
  • Shoulders more aggressive than a defensive lineman
  • Neck-snapping Brembo brakes
  • Sub-$30K projected MSRP

Dings:

  • Stiff ride
  • As of today, no planned navigation system option

Ruling: If this pre-production mule is any indication of what’s to come, even amidst a financial Pearl Harbor, Genesis Coupes won’t even make it off the transport truck before being sold.

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Hyundai Powers Up the Genesis Coupe and Sedan at SEMA

Wednesday October 15th, 2008 at 12:1010 PM
Posted by: Derek

Hyundai is partnering with three aftermarket tuners to highlight their new Genesis coupe and sedan. Last month it was announced that HKS USA, Inc. will build a high-performance Genesis Coupe for the 2008 SEMA show. The all-new, rear-wheel drive Hyundai model will make its 2008 Specialty Equipment Market Association (SEMA) debut at the Las Vegas Convention Center November 4 – 7.

“Genesis Coupe has the basic DNA that HKS looks for – an excellent chassis, rear-wheel drive, aggressive styling and a new generation turbo-charged engine. These attributes provide the opportunity for HKS to maximize the Genesis Coupe driving performance capabilities for the serious driving enthusiast,” said Rick Lafferty, president, HKS USA, Inc. “HKS is allocating R&D, engineering and prototyping resources to lay the groundwork for HKS-brand Genesis Coupe performance parts. We are looking forward to working with Hyundai to realize the full performance potential of the Genesis Coupe.”

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Hyundai Turns Blue at Paris Motor Show

Thursday October 2nd, 2008 at 12:1010 PM
Posted by: Derek

Six new Hyundai models will make their international debut at the Paris Motor Show today. Designed at Hyundai’s European Design Centre in Russelsheim, Germany, the new five-door i20 will be the highlight at the show. The i20 is due to be launched in Europe towards the end of 2008. Hyundai will unveil the i20 blue, the Santa Fe blue Hybrid, the new seven-seater ix55 luxury utility vehicle, the Genesis Coupe show car and the Genesis sports saloon.

More photos and video from the Paris Motor Show after the jump.

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2009 Hyundai Genesis Earns NHTSA 5-Star Safety Rating

Wednesday August 27th, 2008 at 2:88 PM
Posted by: Derek

2009 Hyundai Genesis

We knew that Hyundai’s inaugural entry into the luxury car market was good, but we were pleasantly surprised when Hyundai announced that the Genesis earned a 5-star crash test rating from the NHTSA. You can read our review of the 2009 Genesis HERE.

The Genesis is Hyundai’s first luxury car. The Korean automaker hopes to sell 50,000 units a year once the coupe joins the sedan early next year. The Genesis also is available with Hyundai’s first V8 — a 375 hp, 4.6-liter, 32-valve engine.

In July, the first month the Genesis was available, Hyundai sold 1,200 units. Following is the press announcement from Hyundai.

READ MORE>>

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2009 Hyundai Genesis Review

Friday July 25th, 2008 at 6:77 AM
Posted by: Derek

By Kirk Bell

2009 Hyundai Genesis

Pros and Cons

  • Lots of features for the dollar
  • Powerful engines
  • Luxurious interior
  • Capable handling
  • Plenty of front and rear seat room
  • No split folding rear seat
  • No steering wheel paddles
  • Limited seat adjustments
  • Ride can be bouncy
  • Pricey for a Hyundai

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2007 SEMA News: 2008 Honda Accord Coupe HFP and HF-S Concept

Thursday November 1st, 2007 at 4:1111 PM
Posted by: Derek

SEMA: 2008 Honda Accord Coupe HFP

2008 Honda Accord HFPAlbeit less impressive than the Accord Coupe HF-S Concept that we showed you yesterday (click here), the Accord Coupe HFP is a nicely customized vehicle that’s sporty but not flashy. It is equipped with dealer-installed Honda Factory Performance (hence the name “HFP”) components including a sports suspension package, 19-in. alloy wheels in 245/40R-19 rubber and a full aerodynamic body kit (front, sides and rear).

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