2005 Kia Sorento Lx Sport Utility 4-door 3.5l on 2040-cars

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Hyundai outlines EV strategy as it struggles with cost of engine defects

SEOUL — South Korea's Hyundai Motor pledged to boost sales of electric vehicles to over half a million by 2025 as part of a bid to focus on new technologies and catch up with rivals, but some analysts saw the target as conservative and warned of the costs. The announcement by Hyundai, the world's fifth largest car maker along with affiliate Kia Motors, underscores the accelerating strategy shift under Euisun Chung, who became the motor group's executive vice chairman last year. Hyundai announced a $35 billion investment last week in mobility and other auto technologies by 2025, less than a month after unveiling a $1.6 billion deal to develop self-driving vehicle technologies with Aptiv. The firm said on Thursday it plans to launch 16 EV models by 2025 to boost sales of such vehicles 17-fold to 560,000 by that year. Still, that would be equivalent to just over 10% of its projected global sales this year. The projection compares with more bullish forecasts offered by its bigger rivals. Volkswagen AG expects to make 22 million EVs over the next decade, while General Motors aims to sell 1 million EVs annually by 2026. "That is not an ambitious target. If Hyundai fails to boost volumes fast enough, costs of electric cars will weigh on profitability," Lee Jae-il, an analyst at Eugene Securities & Investment. Hyundai said that the EV market would face intensifying competition and oversupply soon and automakers failing to meet toughening European emissions regulations will face heavy penalties and suffer a serious blow to their reputation. "EV supply is expected to surpass demand from the second half of next year," Ka Suk-hyun, vice president of Hyundai Motor, told an earnings conference call. Quality issues Hyundai's third-quarter net profit rose 59% to 427 billion won ($365 million), well below the average 684 billion profit estimate of analysts based on Refinitiv data, due to 600 billion won provisions it earmarked to address potential engine defects in the United States and South Korea. Quality issues have been a major drag in Hyundai's attempt to steer a recovery from six consecutive annual profit declines and constrained its financial firepower to invest in future technologies. It is still under investigation by U.S regulators and prosecutors over potential faulty engines in some models. Total retail sales fell 3% in the third quarter, as higher U.S.

2021 Kia Seltos fuel economy revealed at up to 31 mpg combined

The 2021 Kia Seltos made its official debut in the U.S. just a couple months ago at the L.A. Auto Show. Now its fuel economy numbers have been published by the EPA. The compact crossover's numbers are roughly on par with its smaller Soul sibling and significantly better than the larger Sportage. The Seltos is available with two different engines, a 146-horsepower naturally aspirated 2.0-liter four-cylinder coupled to a CVT, and a 175-horsepower turbocharged 1.6-liter four-cylinder with a dual-clutch transmission. The former is available with front-wheel drive or all-wheel drive, while the latter only comes with all-wheel drive. Unsurprisingly, the most efficient model is the front-drive 2.0-liter with city fuel economy of 29 mpg, highway economy of 34, and 31 combined. Adding all-wheel drive drops those numbers to 27 in town, 31 on the highway, and 29 combined. The turbo Seltos brings up the rear with 25 mpg in the city, 30 on the highway and 27 combined. Compared with its smaller sibling, the Soul, the Seltos performs impressively, with the front-drive model matching the Soul Eco Dynamics combined fuel economy of 31 mpg. On the other hand, the turbo Soul's 29 mpg combined rating is better than the turbo Seltos. The turbo Seltos does have all-wheel drive, which the turbo Soul lacks. In fact, no Soul is available with all-wheel drive, a worthy selling point for the Seltos. When comparing the Seltos numbers to the bigger Sportage, which also offers all-wheel drive, every version of the Seltos outperforms the best Sportage's combined fuel economy number of 26 mpg. Comparing the Seltos with other small crossovers, it fares well. Looking at front-drive competitors, only the much more expensive Subaru Crosstrek Hybrid and the smaller, cheaper Nissan Kicks and Hyundai Venue top the Seltos in fuel economy. The Buick Encore ties it. With all-wheel drive, the Seltos is also competitive. The non-hybrid Subaru Crosstrek's 30 mpg combined beats the Seltos by just one, and the Honda HR-V is tied with the Kia. The 2020 Kia Seltos will go on sale early this year. The base price will be below $22,000. Related Video:

2018 Kia Stinger GT long-term wrap-up | Putting the grand in grand tourer

One of our latest long-term tester departures is our 2018 Kia Stinger GT, and it's one we're sad to see leave. Our really red example was optioned ideally for this group of enthusiasts in southeast Michigan with the twin-turbo 365-horsepower V6, a few extra comfort features with the GT1 package such as a sunroof and heated steering wheel, and of course, all-wheel drive. And after over 18,000 miles of driving the Stinger, we were thoroughly impressed. The engine felt impressively powerful, delivering a big ol' shove to the back with every stab of the throttle. The handling was confident and quick. While it wasn't our exact long-term car, one of our editors took a Stinger to the track and had a good time with it. The styling never grew old, looking just as low, lean and aggressive as when it first arrived. And it was even comfortable and practical, just look at all the stuff we could stuff in it! Looking at everyone's final thoughts, the Stinger made a near-perfect daily driver. There were a few snags during our custody, though. A few creaks and rattles appeared, including an issue with a door hinge that had to be fixed by the dealer. We also ended up with a warped brake rotor that needed changing. Something that couldn't be fixed was the Stinger's thirst. We averaged between 19 and 23 mpg in mixed driving plus the occasional long highway slog. That's actually slightly better than the EPA's combined estimate of 20 mpg, but it's still not stellar. The four-cylinder is the way to go if you'll be racking up a lot of miles. Gripes aside, the Stinger GT was a welcome part of the Autoblog fleet. See what we all had to say about it in more detail below. 2018 Kia Stinger GT View 10 Photos Editor-in-Chief, Greg Migliore: I really enjoyed our long-term Stinger. It had guts. It had plenty of power. It was fun to drive. It had emotion in a way only a few non-luxury sedans have. Frankly, it's this and the Dodge Charger as far as large sedans go for enthusiasts. I loved how the Stinger sounded; guttural and deep. It looked the part, too, though some of the accents weren't to my taste. The steering was excellent, the right balance of precision and pliability. It offered confidence to push the car in corners and the necessary feedback to do so with skill. I really liked the Stinger. It offered a great value, though the interior did start to show some aging after a year in our fleet.