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Hyundai reveals new i20 hatchback ahead of Paris debut

If you had ever traveled overseas and rented a Hyundai Getz, you'll likely have gotten why it was the butt of jokes: it Getz you from A to B, but not much more. But like the company that makes it, the Korean supermini is all grown up now, long since eschewing the punchline nameplate for the i20 moniker. And here is its latest successor.
Set to be unveiled at the Paris Motor Show this fall, the new i20 is Hyundai's rival to the likes of the Ford Fiesta, Volkswagen Polo, Toyota Yaris and such. Designed in Europe for the European market, the new i20 stretches its wheelbase nearly two inches longer than its predecessor (and four and a half inches longer than the knees-in-your-chest Getz) to offer best-in-class legroom and cargo capacity.
Hyundai also says the new i20 is the first in its segment to offer an opening panoramic sunroof. While we wouldn't exactly call the styling "exciting" (especially in that shade of brown), penned at the company's European design center in Rüsselsheim, Germany, it certainly does look more mature... which, we take it, is kinda the point.

Why BMWs are cheaper than Hyundais in Korea

Bloomberg reports shifting tariff regulations have upended the traditional automotive pecking order in Korea. Thanks to cheaper import taxes, foreign brands have seen market share jump from 28 percent to 41 percent over the last two years. BMW, Mercedes-Benz and Audi have all capitalized on the shift, with domestics like Hyundai and Kia suffering at the hands of their German rivals.
Taxes on European imports have fallen from 8 percent in 2011 to just 3.2 percent today. Over the next few years, tariffs will all but be eliminated for most imports, and taxes on US-made vehicles are expected to fall to just 4 percent in 2014. By 2016, that number will be zero. Needless to say, Hyundai and Kia are concerned about the shift.
Hyundai has seen profit fall by 15 percent last quarter, and the company says it is on pace to see the slowest sales growth since 2007. The company's shares have fallen by 12 percent. In order to stem the losses, Hyundai has discounted its midsize sedans and started working on diesel engine options.

Kia design chief Peter Schreyer named Hyundai-Kia President

Automotive News reports Peter Schreyer has been appointed the first non-Korean president of Hyundai-Kia Motor Group. Schreyer is expected to retain his role as the chief designer for Kia, while also taking on new, high-level executive duties. He is now one of three presidents at the automaker.
The designer made a name for himself at Volkswagen, where he penned the 1998 New Beetle and lent his eye to the Audi TT. In 2006, Schreyer moved to Kia, where he quickly revised the brand's styling from bland, forgettable lines to bold, "tiger nose" creations. Analysts attribute much of the brand's recent sales success to Schreyer's influence.
Kia is expected to move 2.75 million units worldwide next year, while sister company Hyundai will likely beat its 2012 sales forecast of 4.29 million units, according to CFO Lee Won Hee.