2006 Hyundai Elantra Gls on 2040-cars

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2019 Hyundai Santa Fe gets $550 price bump, more tech

Hyundai's all-new 2019 Santa Fe will start at $25,500 and include more safety and other technology when it goes on sale later this year. Hyundai also confirms that the three-row version of the crossover will be renamed the Santa Fe XL for 2019, while it's developing an as-yet unnamed three-row, eight-passenger SUV, filling a hole in the Korean automaker's lineup. The Santa Fe's new starting price is $550 higher than the 2018 Santa Fe Sport, which is going away as a separate nameplate. (To keep the moves straight: The former Santa Fe Sport becomes just plain Santa Fe. The former Santa Fe becomes Santa Fe XL.) The 2019 Santa Fe's price doesn't include the $980 destination fee, which nudges the starting price up to $26,480 for the front-wheel-drive SE model. It's offered in seven trim models, topping out at the all-wheel-drive Ultimate 2.0T, which starts at $39,780. The 2019 Santa Fe borrows some of the Hyundai SmartSense safety technology from the Santa Fe Sport, including forward-collision avoidance, lane-keeping assistance and blind-spot collision assist. Other standard technology includes idle stop-start and Android Auto and Apple CarPlay compatibility. Hyundai has also updated the looks on its fourth-generation crossover, with more chiseled hard lines in the body, a rising beltline, improved visibility and a reorganized interior with more storage space. Powering the ute is the base-level 2.4-liter inline-four engine, which makes 185 horsepower and 178 pound-feet of torque, or a 2.0-liter turbocharged four-cylinder putting out 235 hp and 260 lb-ft. An eight-speed automatic transmission routes power to the front or all four wheels. Fuel economy ratings top out at 22 miles per gallon in the city, 29 on the highway and 25 combined for the 2.4-liter engine in front-wheel drive, a slight improvement over its predecessor.

Hyundai Veloster N reveals menacing grille, big wing

Once again, the Hyundai Veloster N has been spotted at the 'Ring. This time, though, the car was sporting considerably less camouflage, giving us our best look yet at the first N car for the United States. The first thing most people will notice is that the top-spec Veloster will feature a massive black grille, just as the outgoing Veloster Turbo had. It does differ from the old one in that the far corners have been brought up higher and squared off to bring it inline with the new "cascade" corporate grille. The greenhouse is more visible now, too. And like the grille, it has been squared off a bit at the rear corners. It appears there's more glass, either due to the roof being raised slightly, or the window sills being dropped. The back of the Veloster N may reveal the most, though. This car gives us our first uninhibited glimpse at the rear wing, and it's a big 'un that closely hugs the bodywork on each end. The triangular shape in the middle suggests it will have a brake light similar to the i30 N. We can also finally see the taillights better. They're more horizontal than the previous car's, and they're also mounted flush to the window seam. Looking closely, we can see that they extend forward, still hugging the rear window, and the edge leads into a arching line created by the side windows. The rear glass is interesting, too, because there's just a single rear pane, rather than the old model's split glass similar to the Honda CR-X, Toyota Prius, and Hyundai Ioniq. The rear bumper also features an aggressive diffuser design in the bottom, and, as with the i30 N, there is a red accent line. We'll probably see another red line at the front. The exhaust has two outlets on each end as well, which is further indication that this is the N model and not a standard Veloster or Veloster Turbo. Since we won't be getting the i30 N in the U.S., we wouldn't be surprised if the Veloster N carried the same turbocharged four-cylinder as that car, which produces 271 horsepower and 260 pound-feet of torque. After all, if the i30 N isn't sold here, there's no reason not to hamstring the Veloster to keep it from cannibalizing sales. Continuing on that line of thinking, it will likely use the same front-wheel-drive system with limited-slip differential and six-speed manual transmission. We also expect to see a full reveal of the Veloster line later this year.

Hyundai reveals CEO's pay for first time ever

Thanks to some government pressure, Hyundai's billionaire chairman, Chung Mong Koo, has revealed just how much he gets paid each year. Honestly, the amount is a bit lower than we'd expect considering he helms such a huge industrial empire. The 76-year-old chairman brought home $13 million in 2013, $5.2 million of which came from Hyundai's automotive business while both Mobis and Hyundai Steel chipped in $3.94 million, each. For reference, Ford CEO Alan Mulally netted $23.2 million in 2013, although the vast majority of that money came from stock options.
The push for Chung to reveal his pay was part of a larger effort by the South Korean government called the Financial Investment Services and Capital Markets Act. The act forces several thousand companies to release info on annual pay, bonuses and severance for employees earning over $5 million won ($469,000), according to Bloomberg.
"With the disclosure of the executives' compensation, the pressure to deliver better profits will increase," said Heo Pil Seok, the CEO of Midas International Asset Management. It seems to be working, as Hyundai shareholders, of which Midas is one, have seen their shares increase by 6.1 percent in 2014, which includes a 1.2-percent jump as of yesterday, according to Bloomberg.