08 Kia Sedona Minivan 3rd Row Third Seats Mini Van Vs Nissan Quest Toyota Sienna on 2040-cars

Auto blog

Hyundai-Kia forecasts slowest sales growth in 8 years

Even with the arrival of the new Hyundai Genesis Sedan (above) and the expected introduction of at least two other new vehicles in 2014, Hyundai-Kia is estimating its sales will only increase by about 4.1 percent this year. Bloomberg has found that figure, which works out to a total of 7.86 million vehicles worldwide, to be lower than average analyst estimates of eight million vehicles. If the automaker is correct, that figure will represent the most sluggish growth for the Korean brands since 2006.
Based on an exchange rate of 1,050 won to the dollar - right now it's trading at anywhere from 1,050 to 1,052 depending on where you look - Hyundai is predicting a 3.8-percent uptick for sales of 4.9 million units, while Kia is expecting a 4.7-percent uptick for sales of 2.96 million units. That exchange rate is predicted to be part of what will hamper sales this year, with a stronger South Korean won making Japanese cars more price-competitive when cross-shopped. It's unclear how Hyundai derived its exchange rate, but 1,050 won to the dollar almost matches the 52-week high for all of 2013.
The company chairman mentioned a "low growth era" in the world economy, and weaker US sales are rumored to at least part of the reason John Krafcik recently vacated the post of Hyundai Motor America CEO, a post that has been filled by executive vice president of sales, David Zuchowski. That unexpected news capped a year in which two top execs resigned over quality issues and recalls and Hyundai agreed to settle a consolidated lawsuit over inflated fuel economy ratings for $395 million.

Tesla exec calls rival EVs 'little more than appliances'

Tesla's Vice President of Business Development Diarmuid O'Connell called the company's competition "little more than appliances" at the Center for Automotive Research's Management Briefing Seminars in Traverse City, MI yesterday. "In essence, [mainstream automakers] delivered little more than appliances," O' Connell said. "Now, appliances are useful. But they tend to be white. They tend to be unemotional." According to Automotive News, O'Connell's main critique is that vehicles like the Nissan Leaf and BMW i3 don't deliver enough performance or range to draw the attention of consumers outside of a small group. The solution, in O'Connell's mind, is more power, more range, more excitement and a lower price – that last point is particularly rich coming from an automaker whose cheapest current offering, the Model S 60, costs $66,000 – although the cheaper Model 3 is on the horizon, way out there, somewhere. But some EVs are better than none, O'Connell added. "On balance, I'm happier that [traditional automakers are] doing these cars than not," O'Connell said. "I just wish they would do them better and faster." O'Connell also used his appearance at the Management Briefing Seminars to launch a volley at the Michigan legislature, blaming its opposition to Tesla's direct-sales model for the lack of available EVs in the Wolverine State. "I think if the Michigan Legislature would allow Tesla to sell cars in Michigan, we could probably address [the lack of available electric cars]," O'Connell said. Related Video:

Kia spotted testing new 2016 Sportage in Germany

Though the first-generation Kia Sportage stuck around for a whopping eleven years, its successor was on the market for six years before the current model was introduced in 2010. At that rate, Kia is likely to reveal the fourth-gen model some time next year, and that is precisely what we seem to have here in this latest batch of spy shots. Spotted undergoing testing at the Hyundai-Kia Technical Center in Russelsheim, Germany, this pair of Sportage prototypes are wearing a lot of camouflage to keep us from extrapolating too much about their design. Still, we're expecting much of the KX3 concept to make it onto the production Sportage as Kia moves its crossover design language in one direction and the sedans in another. Look for a wider, lower grille, wrap-around headlamps and more prominent fog lights to characterize the front end, new LED taillights around back and a silhouette similar to the current model's in between. Expect a range of gasoline and diesel engines to be offered in markets around the world, from 130 horsepower up to 250, mated to a seven-speed dual-clutch transmission. Equipment can be anticipated to be upgraded inside as well, bringing to bear the resources of what has become one of the world's largest automakers. Featured Gallery 2016 Kia Sportage: Spy Shots Image Credit: CarPix Spy Photos Kia Crossover kia sportage