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Goes Both Ways: Free-trade pact sees South Korean brands losing share at home

France has been vocal, but not alone, in noting the rise of the South Korean automakers in Europe. The signing of a free-trade pact in 2011 between South Korea and the EU, along with the especially value-conscious buyers in a crisis-stricken Europe, has seen market share increases measuring in the double digits for Hyundai and Kia - analysts expect 14-percent growth for the two in 2012.
A report in Bloomberg has found that there's pain at the other end, too: The pact more than halved import tariffs on European cars headed to South Korea to 3.2 percent, and prices are now close enough to domestic offerings for more South Koreans to pay the premium for foreign luxury nameplates and the cachet they confer. Products sold by the five domestic automakers hogged 92 percent of the market last year, and sales have dropped 5.2 percent this year whereas import sales have risen by 24 percent. This will mark the first year that imports claimed ten percent of the market; compare that to 2002, when domestic market share in the world's 11th largest auto market was 99 percent.
The Germans are at the head of the arrow, counting for 65 percent of imported car sales, but every foreign maker has seen double-digit gains. Analysts think foreign makes could ultimately grab 15 percent of the market.

2016: The year of the autonomous-car promise

About half of the news we covered this year related in some way to The Great Autonomous Future, or at least it seemed that way. If you listen to automakers, by 2020 everyone will be driving (riding?) around in self-driving cars. But what will they look like, how will we make the transition from driven to driverless, and how will laws and infrastructure adapt? We got very few answers to those questions, and instead were handed big promises, vague timelines, and a dose of misdirection by automakers. There has been a lot of talk, but we still don't know that much about these proposed vehicles, which are at least three years off. That's half a development cycle in this industry. We generally only start to get an idea of what a company will build about two years before it goes on sale. So instead of concrete information about autonomous cars, 2016 has brought us a lot of promises, many in the form of concept cars. They have popped up from just about every automaker accompanied by the CEO's pledge to deliver a Level 4 autonomous, all-electric model (usually a crossover) in a few years. It's very easy to say that a static design study sitting on a stage will be able to drive itself while projecting a movie on the windshield, but it's another thing entirely to make good on that promise. With a few exceptions, 2016 has been stuck in the promising stage. It's a strange thing, really; automakers are famous for responding with "we don't discuss future product" whenever we ask about models or variants known to be in the pipeline, yet when it comes to self-driving electric wondermobiles, companies have been falling all over themselves to let us know that theirs is coming soon, it'll be oh so great, and, hey, that makes them a mobility company now, not just an automaker. A lot of this is posturing and marketing, showing the public, shareholders, and the rest of the industry that "we're making one, too, we swear!" It has set off a domino effect – once a few companies make the guarantee, the rest feel forced to throw out a grandiose yet vague plan for an unknown future. And indeed there are usually scant details to go along with such announcements – an imprecise mileage estimate here, or a far-off, percentage-based goal there. Instead of useful discussion of future product, we get demonstrations of test mules, announcements of big R&D budgets and new test centers they'll fund, those futuristic concept cars, and, yeah, more promises.

201-horsepower Hyundai Ioniq Electric track car is awesome

While we've seen plenty of high-performance electric cars, such as Rimac's supercars and Tesla's powerful sedans and crossovers, we haven't seen many modified electric cars. Or at least electric cars modified for more performance in the traditional sense of the word for more speed and handling prowess. Engineers at Hyundai are finally giving us a peak at the future of tuning and hot rodding with their upgraded 2017 Hyundai Ioniq Electric that's competing in the Optima Ultimate Street Car series this year. It's visually much more striking than the average Ioniq thanks in part to a bold color scheme, but also bolt-on fender flares and Volk TE37SL wheels wrapped in fat 275-mm width tires. More important, there are major changes under the skin. The standard Ioniq Electric's 118-horsepower, 218 pound-foot motor has been swapped out for the new Kona Electric's motor, which makes 201 horsepower and 291 pound-feet of torque. Though that's less power than the Veloster N that's also been racing this year, it's more torque than the same hot hatch. Power still goes to the front wheels, but now there's a limited-slip differential up front to prevent the inside wheel roasting its tire in corners. Interestingly, the only suspension change mentioned is firmer lowering springs, so presumably it still uses the torsion-beam rear suspension layout of the regular Ioniq Electric. Beefy six-piston Wilwood brakes up front and four-piston units in the rear help the car come to a stop much more quickly. The cooling systems for the electronics and battery pack have been upgraded, too. It all sounds like a blast to drive. As to why Hyundai built this, the company is using it for research and development purposes. Perhaps this will aid in developing an electric N model. It's also looking to build on its 2017 season when Hyundai was the only brand with a car in the Ultimate Street Car series GTE electric vehicle class. The modifications will certainly be useful this season, since a competitor has been to a few events with a Tesla Model X P100D. The overall standings show that the hopped-up Hyundai is second in total points, which will likely narrow after the Hyundai heads to its third event at Autoclub Speedway this weekend. The two cars have not been at the same events this year, but both appear to qualify for the final invitational event that takes place in Las Vegas following the SEMA show.