2010 Hyundai Genesis Coupe 3.8 43k Super Clean 19" Wheels 6 Speed Manual Look! on 2040-cars

Auto blog

Hyundai i30 Fastback N revealed, but still not for the U.S.

Hyundai just revealed a car that we won't get stateside, the i30 Fastback N. This four-door fastback gets the same N treatment as the i30 N hatchback, another fast Hyundai that isn't sold here. We all love a good hatchback, but the Fastback variant looks a bit more handsome and mature comparatively. It's hard not to like the lines, especially after hearing the loud, crackling exhaust that pops aggressively on the overrun. Just like the i30 N hatchback in Europe and the Veloster N we're getting here, the Fastback gets the 2.0-liter turbocharged four-cylinder with two power outputs available. The base N makes 246 horsepower and 260 pound-feet of torque, but the Performance package nets you 271 horsepower. It also has a temporary overboost feature that unleashes 279 pound-feet of torque for a limited period. It's almost the exact same power as the Veloster N, but that car is rated at 250 and 275 horsepower in its two trim levels. The Fastback N is said to get to 62 mph in 6.4 and 6.1 seconds respectively. A six-speed manual will remain as the only transmission offering for the time being. Hyundai hasn't officially mentioned it yet, but a video it released essentially confirms the presence of its electronic limited-slip differential for this car. We expect it to be offered as part of the Performance package like it is in the other N variants. The Fastback N is set to make its world debut at the 2018 Paris Motor Show, but Hyundai made an entertaining video of its World Rally Championship drivers racing about Denmark and released some preliminary info today. If you haven't heard the exhaust for any of Hyundai's N cars, then here's your chance; it's pretty awesome. View 26 Photos Featured video: Image Credit: Hyundai Paris Motor Show Hyundai Performance Sedan hyundai veloster n hyundai i30 n

Insider trading ahead of Hyundai-Kia MPG debacle suspected

Reuters is reporting that large-scale insider trading may be at the heart of some particularly fishy stock-selling behavior, just prior to the original announcement about the Hyundai-Kia fuel economy ratings debacle.
On November 1st, Hyundai-Kia shares traded roughly 2.2 million times (the single highest-volume day of the year), and the stock price fell by about four percent. For reference, a standard daily trading volume for the stock in 2012 saw about 600k shares trading hands. On November 2nd, the company made public the bad news about the dropping fuel economy ratings for many of its models. In other words: No one outside of the company (and only a smallish group inside the company, we'd imagine) should have known anything about the impending bad news as of the first day of November. After the announcement, the stock price tanked, as you'd expect, and trading volume was way down as well.
Experts seem fully aware that the whole thing reeks of leaked information and subsequent insider trading. If chicanery on this sort of scale seems wacky to you, you'd be inline with the experts who report to Reuters that the level of trading is absolutely suspicious.

John Krafcik stepping down as Hyundai CEO, replaced by VP of sales

Hyundai Motor America has announced that its affable president and CEO, John Krafcik, will be stepping down from his post on January 1, at the completion of his contract. He'll be replaced by the current executive vice president of sales, David Zuchowski.
Krafcik has helmed Hyundai through a product renaissance that's seen the Korean automaker go from budget afterthought to household name in less than a decade, launching stylish new models and expanding into new markets. "On behalf of Hyundai Motor Company, we sincerely thank John for his visionary leadership and relentless pursuit of customer satisfaction, which has driven Hyundai's record growth over the past five years," said Im Tak Uk, the COO and executive vice president of HMA's parent company, Hyundai Motor Company.
"It's been a sincere privilege and honor to lead Hyundai Motor America over the past five years, and I am confident that with Dave's succession, our brand will continue to expand and thrive for years to come," said Krafcik in a Hyundai press release, available below. "We have many of the best and brightest employees in the business coupled with a committed and talented dealer network that will continue to pay dividends."