2000 Hyundai Accent Gl Sedan 4-door 1.5l on 2040-cars

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Hyundai outlines EV strategy as it struggles with cost of engine defects

SEOUL — South Korea's Hyundai Motor pledged to boost sales of electric vehicles to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the target as conservative and warned of the costs. The announcement by Hyundai, the world's fifth largest car maker along with affiliate Kia Motors, underscores the accelerating strategy shift under Euisun Chung, who became the motor group's executive vice chairman last year. Hyundai announced a $35 billion investment last week in mobility and other auto technologies by 2025, less than a month after unveiling a $1.6 billion deal to develop self-driving vehicle technologies with Aptiv. The firm said on Thursday it plans to launch 16 EV models by 2025 to boost sales of such vehicles 17-fold to 560,000 by that year. Still, that would be equivalent to just over 10% of its projected global sales this year. The projection compares with more bullish forecasts offered by its bigger rivals. Volkswagen AG expects to make 22 million EVs over the next decade, while General Motors aims to sell 1 million EVs annually by 2026. "That is not an ambitious target. If Hyundai fails to boost volumes fast enough, costs of electric cars will weigh on profitability," Lee Jae-il, an analyst at Eugene Securities & Investment. Hyundai said that the EV market would face intensifying competition and oversupply soon and automakers failing to meet toughening European emissions regulations will face heavy penalties and suffer a serious blow to their reputation. "EV supply is expected to surpass demand from the second half of next year," Ka Suk-hyun, vice president of Hyundai Motor, told an earnings conference call. Quality issues Hyundai's third-quarter net profit rose 59% to 427 billion won ($365 million), well below the average 684 billion profit estimate of analysts based on Refinitiv data, due to 600 billion won provisions it earmarked to address potential engine defects in the United States and South Korea. Quality issues have been a major drag in Hyundai's attempt to steer a recovery from six consecutive annual profit declines and constrained its financial firepower to invest in future technologies. It is still under investigation by U.S regulators and prosecutors over potential faulty engines in some models. Total retail sales fell 3% in the third quarter, as higher U.S.

2014 Hyundai Elantra shows off new trim, engine in LA

Hyundai has issued a mid-cycle refresh for all three body styles of its popular Elantra compact at the 2013 LA Auto Show. As mid-cycle refreshes go, this is a fairly comprehensive one, with some sweeping changes beyond the typical new head- and taillights. The big news is a new 2.0-liter engine and a Sport trim group.
The new 2.0 will only be available on the Elantra Sport, and it pumps out 173 horsepower and 154 pound-feet of torque. While those aren't exactly Bugatti Veyron-beating numbers, they still represent healthy 25-hp and 23 lb-ft increases over the 1.8-liter engine, and the new output figures are enough to position the Elantra near the top of its class. Other tweaks for the Sport include a mildly retuned suspension with a larger front sway bar and slightly stiffened springs, along with revised programming for the electric power steering.
There are a number of other changes and tweaks that we detailed in last night's story. Since then, we've snapped some images of both the Coupe and Sedan on the floor of the LA Auto Show, and we now have a full press release which gives a comprehensive list of what's new for the 2014 Elantra. Check it out below, then let us know what you think in Comments.

Hyundai Sante Fe gets zombie survival machine treatment for NY Comic-Con

Surviving a zombie invasion isn't easy, and Hyundai takes life-or-undead situations pretty seriously, as made clear by its devotion to creating zombie-annihilating vehicles. Earlier this year, Robert Kirkman, creator of The Walking Dead comic series that gave birth to the hit television series of the same name, designed a Zombie Survival Machine around a Hyundai Veloster hatchback.
This year, TWD fan Anson Kuo has conjured up a Santa Fe sports utility vehicle capable of mowing down hoards of zombies with extra room for passengers and supplies. Hyundai says Kuo's design was built by Galpin Auto Sports and will be unveiled at New York Comic-Con on October 10.
"We love Anson Kuo's take on this Santa Fe Zombie Survival Machine - it's creative... and deadly," says Steve Shannon, vice president of marketing for Hyundai Motor America.