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Hyundai-Kia fuel-economy errors trigger $300M in federal penalties [w/video]

This amount includes $100-million in civil penalties, the largest such fines in EPA history.
Hyundai and Kia are getting more than a slap on the wrist for overstating the fuel economy of an estimated 1.2-million vehicles in their 2011-2013 model ranges. The Environmental Protection Agency, the Department of Justice and the California Air Resources Board are hitting the automakers with collective penalties valued at around $300 million for Clean Air Act violations. This amount includes $100-million in civil penalties, the largest such fines in EPA history. Specifically, Hyundai is paying a $56.8 million penalty and relinquishing 2.7-million greenhouse gas emissions credits. Kia is paying $43.2 million in penalties and giving up 2.05-million credits.

Hyundai Elantra snags IIHS Top Safety Pick+

The refreshed Hyundai Elantra has just earned the Insurance Institute for Highway Safety's ( IIHS) highest award – the Top Safety Pick+. Now in its sixth generation, the new Elantra's crash test rating is a large improvement over the previous model's, which didn't earn the prestigious award due to getting a rating of "acceptable" in the small front overlap test. The good rating – the best rating possible – only applies to 2017 models built after March, as the vehicles have stronger bodies and a modified front airbag. The Elantra also has an available front crash prevention system, which is a requirement for cars to qualify as a Top Safety Pick+. In order for a vehicle to qualify as a Top Safety Pick+, it must score a rating of good in the moderate overlap front, small overlap front, side, roof strength, and head restraint tests. The car must also offer a front crash prevention system that has to earn either an advanced or superior rating. Related Video: News Source: Insurance Institute for Highway Safety, Insurance Institute for Highway Safety via YouTubeImage Credit: IIHS Hyundai Safety Videos Sedan IIHS Top Safety Pick

Auto execs surveyed say VW, BMW most likely to grow

A new survey of top global automotive executives indicates both Volkswagen and BMW are the most likely to grow their market share over the next five years.
Tax advisory firm KPMG LLP has released its 14th annual Global Automotive Executive Survey, which includes responses from over 200 executives. A total of 81 percent of respondents said they expect to see Volkswagen make gains, compared to 70 percent last year. BMW, meanwhile, saw 70 percent of those surveyed say they believe the company will increase its market share. That's a jump of 7 percentage points over last year. This is the first time in the history of the survey that BMW has claimed the second-place spot.
Meanwhile, Hyundai has seen its perceived market share potential slacken for the third year in a row. Around 61 percent of those surveyed predicted gains for Hyundai, down from 63 in 2012. Toyota also has a surprising year, but for just the opposite reason. While the manufacturer had slipped in ranking since 2011, it enjoyed the largest increase of any company in the 2013 survey, jumping to 68 percent from 44 percent last year.