2012 Hyundai Genesis 3.8 Sedan 4-door 3.8l on 2040-cars

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Hyundai-Kia forecasts slowest sales growth in 8 years

Even with the arrival of the new Hyundai Genesis Sedan (above) and the expected introduction of at least two other new vehicles in 2014, Hyundai-Kia is estimating its sales will only increase by about 4.1 percent this year. Bloomberg has found that figure, which works out to a total of 7.86 million vehicles worldwide, to be lower than average analyst estimates of eight million vehicles. If the automaker is correct, that figure will represent the most sluggish growth for the Korean brands since 2006.
Based on an exchange rate of 1,050 won to the dollar - right now it's trading at anywhere from 1,050 to 1,052 depending on where you look - Hyundai is predicting a 3.8-percent uptick for sales of 4.9 million units, while Kia is expecting a 4.7-percent uptick for sales of 2.96 million units. That exchange rate is predicted to be part of what will hamper sales this year, with a stronger South Korean won making Japanese cars more price-competitive when cross-shopped. It's unclear how Hyundai derived its exchange rate, but 1,050 won to the dollar almost matches the 52-week high for all of 2013.
The company chairman mentioned a "low growth era" in the world economy, and weaker US sales are rumored to at least part of the reason John Krafcik recently vacated the post of Hyundai Motor America CEO, a post that has been filled by executive vice president of sales, David Zuchowski. That unexpected news capped a year in which two top execs resigned over quality issues and recalls and Hyundai agreed to settle a consolidated lawsuit over inflated fuel economy ratings for $395 million.

How the Koreans are cracking the luxury market

South Korea's two largest automotive brands are no longer the same companies they were when they first entered the world stage.
Anyone who visits Seoul after a few years absence is likely going to be in for a shock. What was, not that long ago, a decidedly third-world city is today a thriving, sprawling metropolis increasingly on a par with the world's most modern cities.

11 Hyundai Genesis deliver a message to space

Hyundai is channeling a little of the style from 2001: A Space Odyssey in a heartwarming video about a young girl named Stephanie trying to get a very big message to her dad. Since he is an astronaut who orbits Earth in the International Space Station, her father isn't exactly an easy guy to get a hold of. Hyundai came to her aid with a cadre of 11 Genesis sedans driving in precise formation across a dry lakebed. In the end, the stunt also netted the automaker a Guinness World Record for the largest tire track image. It covered about 2.15 square miles and was visible to Stephanie's dad in orbit. Check out the video to see Stephanie's message and watch some precision driving from a group of Hyundais set to some classical music. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Guinness World Records, HyundaiWorldwide via YouTube Auto News Marketing/Advertising Weird Car News Hyundai Videos Sedan guiness book of world records guiness world record