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Dodge, Hyundai crowdsourced-funding sites deemed successes
Wed, 05 Jun 2013What's not to love about crowdsourcing? This idea, after all, has given us Kickstarter as well Local Motors, but automakers are starting to use the social platform to sell more cars (or just drum up a little PR). Both Dodge and Hyundai have used "crowd-funding" recently, and while Automotive News is reporting that neither has racked up big sales with this gimmick, both automakers are pleased with the attention.
For Hyundai, it teamed up with website Motozuma.com to help customers crowdsource money for a down payment, and the automaker matched this amount up to $500. Last year, this helped Hyundai sell an extra 1,600 units, a fraction of its total 2012 sales. That figure is far larger than Dodge fared with the Dodge Dart Registry - it netted only two sales and a small number of individual options. This registry did help University of Southern California fraternity crowdsource $18,000 to buy a Dart for a local Meals on Wheels, however. Despite the low sales figures, Dodge and Hyundai are considering their crowdsourcing programs a success since it helped them connect with younger buyers.
Biden says U.S. is willing to continue talks with South Korea on EV subsidy
Wed, Oct 5 2022SEOUL — President Joe Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles (EVs), an official from Yoon's office said on Wednesday. Biden gave the assurance in a letter to South Korean President Yoon Suk-yeol, who had asked the U.S. president last month for help to allay Seoul's concerns that the new U.S. rules would hurt South Korea's automakers. "We assess that President Biden reaffirmed his understanding of our concerns through a personally signed letter .... it shows Biden's willingness to be considerate towards South Korean companies in the future," the official said. The Inflation Reduction Act, signed by Biden in August, requires EVs assembled in North America to qualify for tax credits in the United States, but excluded Hyundai Motor Co and its affiliate Kia Corp from EV subsidies, as they do not yet make the vehicles there. As a result, only about 20 EVs qualify for subsidies under the new rules. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Government/Legal Green Genesis Hyundai Kia EV tax credit
Hyundai Elantra interior teased
Thu, Aug 27 2015Hyundai doesn't seem too concerned about keeping the next-gen Elantra a secret. Following a recent teaser image of the updated exterior, the Korean company is now giving the world a look at the inside of its upcoming sedan. Similar to the outside, this monochrome rendering shows a minimalist overhaul for the interior. The controls are limited to a few buttons near the gearshift, some nobs on the center stack, and the functions on the steering wheel. The infotainment system is positioned at the center of the dashboard and is flanked by the HVAC vents. For a slight visual flourish, the dash wears a two-tone finish with a lighter shade on the bottom. A piece of trim stretches across the whole width to break up the colors. Hyundai confirmed the next-gen Elantra's debut at the 2015 Los Angeles Auto Show in November. That leaves a lot of time for even more teasers. Rumors suggest the powertrain range might include a turbocharged 1.6-liter four-cylinder, which produces 175 horsepower and 195 pound-feet of torque in the 2016 Tucson.
