2014 Hyundai Santa Fe Sport Awd - $25000 (accord, Ny) on 2040-cars

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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.

Hyundai app lets you build your own zombie apocalypse car

Walking Dead fans, rejoice! Thanks to Hyundai, you can build your very own virtual zombie survival machine. We've all seen the light-green Hyundai Tucson transporting the likes of Rick Grimes and his motley crew of survivors in AMC's hit series, and now you can get in on the action with Hyundai's Walking Dead Chop Shop.
Available both as a mobile app and desktop version, this quirky configurator presents you with a choice of three Hyundai vehicles: the Veloster Turbo, Santa Fe and Elantra. Each one has its strengths, though we particularly like the Santa Fe's utility. After all, according to Hyundai, "There's room for seven survivors inside" and you won't have to worry about "getting zombie all over your seats. They're easy to wipe clean." But for those who prefer not to invite zombies along for the journey, the speedy Veloster Turbo and its 201-horsepower engine may be the way to go.
Once you select your post-apocalyptic ride, you have a choice of colors (including Apocalypse Black, of course), decals ("Alive Inside" is a useful one) and nearly 300 other zombie-fighting features. We're partial to the automatic shotguns on the hood, although the flamethrower is also quite tempting. You can even add titanium or aluminum armor and a dizzying array of other defensive and offensive weapons: spinning saw blades on the wheels, a horde plow on the front bumper and barbed wire on the side windows, just to name a few.

Hyundai, union reach tentative labor deal

According to Reuters, South Korea's labor unions may have reached a tentative deal with Hyundai following a compromise between the two sides on wages. Workers have staged a number of stoppages since August 20, which have cost the South Korean giant 1.02 trillion won - around $1.1B US. It also represents just over 50,000 units of production. That vehicle total sounds like a lot, but it's a small enough figure that Hyundai can apparently catch up with weekend and overtime shifts. We'd wager that this is why US inventories haven't been hit quite so hard aside from the battering already taking place. The proposal will now go before the union's rank and file.
If ratified, the new agreement will see workers getting a 5.14-percent raise in base salaries, along with 8.5-million-won (roughly $7,800) bonuses. Those concessions are a far cry compared to what the union was initially demanding, though. Early proposals included a 56.25-gram gold medal for each employee (worth about $2,400) and a 10-million won bonus (about $9,100) for employees whose children chose not to attend college. The union also sought a bonus worth two months' salary for workers that have been with the company for over 40 years, but this was negotiated down to a flat rate of six-million won ($5,464).
Based on Reuters' report, the work stoppages must have taken a real toll on Hyundai - its domestic sales dropped 20 percent last month, while exports were down nine percent. Those startling figures must have put some fire under the Hyundai bargaining team.