Hyundai is planning to launch several new models in the UK over the next 18 months as its aims to consolidate the stronger position it established during the country's scrappage scheme.
The firm has enjoyed recorded sales under the government-backed scheme and the firm’s UK managing director Tony Whitehorn told Autocar that Hyundai would be looking to maintain these sales going in 2010.
“Scrappage has been a massive help in helping people recognise the Hyundai brand,” said Whitehorn. “But, quite rightly, it does have to end at some point and we’re focused on maintaining our sales going into 2010 and beyond.”
First up in 2010 will be the launch of the Tucson replacement, the ix35. Ahead of that, the facelifted Santa Fe is due on sale within the next few weeks.
In the second half of 2010, the firm will launch two new MPVs in an attempt to broaden its range and compete in market sectors where it has previously struggled.
The first MPV will be a five-seater, based on the Kia Venga unveiled at the Frankfurt motor show, while a larger seven-seater will arrive at the same time.
The five-seater will be based on the firm’s i20 supermini platform and will share its engine with that model. Whitehorn says the car’s main competitor will be the Nissan Note; that means the car will, in effect, be the replacement for the unloved Matrix. It will share its engines with the i20 and will adopt the firm’s ‘i’ badge.
The seven-seater is likely to be based on the i-mode concept car, displayed at the Geneva motor show in 2008. This model will be a rival to the Vauxhall Zafira, sharing its platform and engines with the i30 hatchback.
Although no launch dates have been confirmed, both cars expected to appear at the Paris motor show in the autumn before going on sale in early 2011.
The Hyundai i40, the Sonata’s replacement, is also set to go on sale in 2011. Again, no launch date has been decided, but it could make its debut at the Bologna motor show later in 2010. Saloon, hatchback and estate versions will all be offered.
In late 2010, Hyundai will launch a facelifted version of the popular i10 city car. The styling and trim levels will both be refreshed, while new engines may also make their way into the line-up. The firm has already confirmed that a new 800cc, three-cylinder turbocharged engine will be available some time in 2010.
No facelift of the i30 hatchback will be launched; instead Hyundai is planning to replace the model earlier than originally envisaged, possibly in 2011.
Following in 2011 will be the firm’s new flagship model, the Veloster. This will be a replacement for the Coupe and Whitehorn described it as a “halo” model rather than a volume seller.
Finally, a production version of the ix-metro concept from Frankfurt should arrive in 2012. The source said it would “look much the same as the concept” and will be pitched as a rival to the Nissan Qazana.
Wednesday, November 25, 2009
Japan automakers feel heat as Hyundai charges ahead
TOKYO/SEOUL (Reuters) - Hyundai Motor (005380.KS) has left rivals in the dust with a stunning run this year, and Japanese automakers have even more to worry about now as the yen climbs and South Korea seals more trade pacts to benefit its exporters.
Japan's top automakers have kept a watchful eye on the South Korean underdog over the years as it clawed its way onto the global stage with a strategy modeled on Toyota Motor's (7203.T) playbook.
Hyundai and its affiliate Kia Motors (000270.KS) are the world's fourth-biggest automaker by sales and making money hand over fist despite the industry's worst ever downturn.
That's putting the heat on Japanese auto executives, especially at a time when the two governments seem to be heading in diverging directions in their support for the export industry.
South Korea last month inked a tentative trade pact with the European Union to add to list of more than 40 free trade agreements (FTAs) with countries ranging from the United States to India. Japan has less than a third as many, almost all of them with the rest of Asia.
Even more worrying for Japanese automakers is the newly elected government's apparent indifference toward the yen's rise against the dollar as the ruling party pledges policies focused on fostering strong domestic demand.
"I think there's a sense of crisis in the whole (Japanese) industry," Toshiyuki Shiga, chief operating officer at Nissan Motor (7201.T), said of Korean automakers' growing clout.
"Whether you take the FTAs or foreign exchange policy, I get the impression that South Korea is tackling things well."
The Korean won has gained 27 percent since hitting a 20-year low against the yen in February, but it is still down by about a third from two years ago.
Japanese auto executives have publicly lamented the yen's levels, saying the government should take steps to ensure the auto industry -- a major driver of the country's economy -- remained competitive.
Such jawboning has gone unheeded, with the dollar under 90 yen, losing more than 10 yen from a high this year.
Analysts say the won could gain further as South Korea's economy stages a faster recovery, but add that foreign exchange authorities in that country are unlikely to condone an unchecked rise.
A HEAD ABOVE THE REST
Hyundai has gained market share around the world this year as government measures to encourage the purchase of less-polluting cars saw consumers flock to its Elantra, Accent and other models.
Hyundai has also struck gold with big operations in India and China -- two of the fastest-growing markets. And ingenious marketing such as an offer to allow buyers to return vehicles if they lost their jobs within a year helped Hyundai and Kia increase sales even in the sinking U.S. market.
The volume growth has come hand in hand with industry-defying profit improvements. In July-September, Hyundai made a record net profit of 979 billion won ($847 million) -- equal to the combined earnings of Toyota and Honda Motor (7267.T) that quarter.
The conspicuous lead, aided by a weak won, swept Hyundai's shares up 50 percent that quarter, while Toyota lost 3 percent.
Still, some said the optimism over Hyundai and other Korean companies was overblown. Fundamentally, Japan's top brands still carry more clout due to their global reach, flexibility and longer experience building cars abroad, they said.
"There's no comparison," said Diane Lin, a portfolio manager at Pengana Capital in Sydney.
Lin said Japanese companies had shown their mettle by reacting quickly to the financial crisis with disciplined production cuts -- something that Hyundai would have difficulty doing given the hawkish labor union at home.
"(Hyundai) is not as flexible. If you compare apple-to-apple, fundamentally, Hyundai still has a far, far way to go."
MOVING TARGET?
To be sure, Japanese automakers are putting up a good fight.
To ease the pain of a rising yen, Toyota, Honda and Nissan slashed exports out of Japan by 43-64 percent in the first financial half-year to September 30, shifting as much production as they could to overseas factories at minimal cost.
"We can do this because we produce the same models across factories in different regions," Honda Chief Executive Takanobu Ito told Reuters last month. "We're lucky that way."
Hyundai is aware of such realities -- including the political backlash from other countries that could ensue if they rely too much on shipping cars from South Korea.
That is why, despite the FTAs, Hyundai has not built a car plant at home since 1996. Instead, it has set up shop in the United States, China, India, Turkey and Czech Republic. Sites in Brazil and Russia are on their way.
But some doubt Hyundai will be able to keep up its frentic pace.
"Overall, Hyundai/Kia benefited from a very favorable set of factors and developments (this year), and the operating environment during 2010 will be much more challenging," said Ashvin Chotai, London-based managing director at consultancy Intelligence Automotive Asia.
"The ability of Japanese companies to be profitable and competitive at (a dollar) of 90 yen and below will be crucial in determining their competitive position against Hyundai and Kia."
($1=1156.2 Won=89.7 Yen)
Japan's top automakers have kept a watchful eye on the South Korean underdog over the years as it clawed its way onto the global stage with a strategy modeled on Toyota Motor's (7203.T) playbook.
Hyundai and its affiliate Kia Motors (000270.KS) are the world's fourth-biggest automaker by sales and making money hand over fist despite the industry's worst ever downturn.
That's putting the heat on Japanese auto executives, especially at a time when the two governments seem to be heading in diverging directions in their support for the export industry.
South Korea last month inked a tentative trade pact with the European Union to add to list of more than 40 free trade agreements (FTAs) with countries ranging from the United States to India. Japan has less than a third as many, almost all of them with the rest of Asia.
Even more worrying for Japanese automakers is the newly elected government's apparent indifference toward the yen's rise against the dollar as the ruling party pledges policies focused on fostering strong domestic demand.
"I think there's a sense of crisis in the whole (Japanese) industry," Toshiyuki Shiga, chief operating officer at Nissan Motor (7201.T), said of Korean automakers' growing clout.
"Whether you take the FTAs or foreign exchange policy, I get the impression that South Korea is tackling things well."
The Korean won has gained 27 percent since hitting a 20-year low against the yen in February, but it is still down by about a third from two years ago.
Japanese auto executives have publicly lamented the yen's levels, saying the government should take steps to ensure the auto industry -- a major driver of the country's economy -- remained competitive.
Such jawboning has gone unheeded, with the dollar under 90 yen, losing more than 10 yen from a high this year.
Analysts say the won could gain further as South Korea's economy stages a faster recovery, but add that foreign exchange authorities in that country are unlikely to condone an unchecked rise.
A HEAD ABOVE THE REST
Hyundai has gained market share around the world this year as government measures to encourage the purchase of less-polluting cars saw consumers flock to its Elantra, Accent and other models.
Hyundai has also struck gold with big operations in India and China -- two of the fastest-growing markets. And ingenious marketing such as an offer to allow buyers to return vehicles if they lost their jobs within a year helped Hyundai and Kia increase sales even in the sinking U.S. market.
The volume growth has come hand in hand with industry-defying profit improvements. In July-September, Hyundai made a record net profit of 979 billion won ($847 million) -- equal to the combined earnings of Toyota and Honda Motor (7267.T) that quarter.
The conspicuous lead, aided by a weak won, swept Hyundai's shares up 50 percent that quarter, while Toyota lost 3 percent.
Still, some said the optimism over Hyundai and other Korean companies was overblown. Fundamentally, Japan's top brands still carry more clout due to their global reach, flexibility and longer experience building cars abroad, they said.
"There's no comparison," said Diane Lin, a portfolio manager at Pengana Capital in Sydney.
Lin said Japanese companies had shown their mettle by reacting quickly to the financial crisis with disciplined production cuts -- something that Hyundai would have difficulty doing given the hawkish labor union at home.
"(Hyundai) is not as flexible. If you compare apple-to-apple, fundamentally, Hyundai still has a far, far way to go."
MOVING TARGET?
To be sure, Japanese automakers are putting up a good fight.
To ease the pain of a rising yen, Toyota, Honda and Nissan slashed exports out of Japan by 43-64 percent in the first financial half-year to September 30, shifting as much production as they could to overseas factories at minimal cost.
"We can do this because we produce the same models across factories in different regions," Honda Chief Executive Takanobu Ito told Reuters last month. "We're lucky that way."
Hyundai is aware of such realities -- including the political backlash from other countries that could ensue if they rely too much on shipping cars from South Korea.
That is why, despite the FTAs, Hyundai has not built a car plant at home since 1996. Instead, it has set up shop in the United States, China, India, Turkey and Czech Republic. Sites in Brazil and Russia are on their way.
But some doubt Hyundai will be able to keep up its frentic pace.
"Overall, Hyundai/Kia benefited from a very favorable set of factors and developments (this year), and the operating environment during 2010 will be much more challenging," said Ashvin Chotai, London-based managing director at consultancy Intelligence Automotive Asia.
"The ability of Japanese companies to be profitable and competitive at (a dollar) of 90 yen and below will be crucial in determining their competitive position against Hyundai and Kia."
($1=1156.2 Won=89.7 Yen)
Thursday, November 12, 2009
About Hyundai R-Spec
Unlike Ferrari, Lamborghini, Porsche and other exotic carmakers that charge you more when taking equipment off the vehicle to create a special lightweight version, Hyundai is taking out the weight, and associated features, while dropping the price of its upcoming Genesis Coupe R-Spec.
Aimed at "tuners" who are going to modify their cars anyway, the $23,750 US 2.0T R-Spec will delete “non-essential” features such as the Genesis Coupe’s trip computer, steering wheel-mounted audio buttons and cruise control, plus Bluetooth connectivity when it becomes available as a 2010 model, in an effort to save weight (it’s 30.8 kilos or 68 pounds lighter than the 2.0T Track model) and reduce cost, two details that weekend racers will no doubt appreciate.
Hyundai has even gone so far to delete the rear wing, noting that the R-Spec’s likely buyer will want to install their own anyway, either for show or go.
What the 2.0T R-Spec does include is a set of beautiful 19-inch alloy rims framing even more enticing Brembo brakes. A Torsen limited slip differential will be ideal for autocrossers and no doubt swapped out by those looking to prep a drifter or road course racer, while the 210hp 2.0-litre four-cylinder is ideal for tweaking beyond recognition.
As is often the case with the really cool cars, the 2.0T R-Spec won’t be traveling above the 49th for now, except when on vacation in the hands of an American owner. Rather, Canadian Genesis Coupe buyers can do something their American friends cannot, buy warranted aftermarket parts to hop up their stock model at www.hyundaiperformance.ca.That’s right, the site offers numerous well-priced upgrades to improve everything from aesthetics to full-on performance.
Aimed at "tuners" who are going to modify their cars anyway, the $23,750 US 2.0T R-Spec will delete “non-essential” features such as the Genesis Coupe’s trip computer, steering wheel-mounted audio buttons and cruise control, plus Bluetooth connectivity when it becomes available as a 2010 model, in an effort to save weight (it’s 30.8 kilos or 68 pounds lighter than the 2.0T Track model) and reduce cost, two details that weekend racers will no doubt appreciate.
Hyundai has even gone so far to delete the rear wing, noting that the R-Spec’s likely buyer will want to install their own anyway, either for show or go.
What the 2.0T R-Spec does include is a set of beautiful 19-inch alloy rims framing even more enticing Brembo brakes. A Torsen limited slip differential will be ideal for autocrossers and no doubt swapped out by those looking to prep a drifter or road course racer, while the 210hp 2.0-litre four-cylinder is ideal for tweaking beyond recognition.
As is often the case with the really cool cars, the 2.0T R-Spec won’t be traveling above the 49th for now, except when on vacation in the hands of an American owner. Rather, Canadian Genesis Coupe buyers can do something their American friends cannot, buy warranted aftermarket parts to hop up their stock model at www.hyundaiperformance.ca.That’s right, the site offers numerous well-priced upgrades to improve everything from aesthetics to full-on performance.
Thursday, November 5, 2009
Reviews About Hyundai Verna
Hyundai Getz is a mini car manufactured by Hyundai Motors India Limited. It is also known as the Hyundai Click or Hyundai TB known abroad. This car is sold in most parts of the world except the United States or Canada. He got the job hatchback style. It is available in three to five-door model.
This car was launched in 2002 for the first time. Placed first, as the Hyundai Getz was first on the market, it 1.3/1.5 liter petrol and 1.5-liter turbo-diesel available. In 2004, the 1.3-liter engine has 1.4 liters and 1.5 liters has been upgraded, expanded by 1.6-liter engine.
Hyundai Getz has been throughout the year 2006.There the changes in the instrument panel, internal images, cut and were improved. The front and rear were changed in this model. This includes driver and passenger airbag.
The price ranges for cars that between three to six gof rupees lakhs approximately.
Hyundai Getz has the quality drive great and is an excellent car for city attractions. He received a good suspension. This vehicle is suitable for Indian roads and overcrowded streets. At the same time, it is also on the road. The speeds can be conveniently operated.
The view from the front seat and the seat is impressive. It has power steering. The glove box is illuminated useful when driving at night. The trunk of the car is beautiful. He was split folding rear bench. It has electric windows. He has very large tailgate.
He is also good on the flat and mountainous areas. He has good mileage. It is not just steam. He stood engine, comfortable seats and central locking. It is spacious inside. The car looked very tidy.
Overall, there is the feeling of driving a big car.
This car was launched in 2002 for the first time. Placed first, as the Hyundai Getz was first on the market, it 1.3/1.5 liter petrol and 1.5-liter turbo-diesel available. In 2004, the 1.3-liter engine has 1.4 liters and 1.5 liters has been upgraded, expanded by 1.6-liter engine.
Hyundai Getz has been throughout the year 2006.There the changes in the instrument panel, internal images, cut and were improved. The front and rear were changed in this model. This includes driver and passenger airbag.
The price ranges for cars that between three to six gof rupees lakhs approximately.
Hyundai Getz has the quality drive great and is an excellent car for city attractions. He received a good suspension. This vehicle is suitable for Indian roads and overcrowded streets. At the same time, it is also on the road. The speeds can be conveniently operated.
The view from the front seat and the seat is impressive. It has power steering. The glove box is illuminated useful when driving at night. The trunk of the car is beautiful. He was split folding rear bench. It has electric windows. He has very large tailgate.
He is also good on the flat and mountainous areas. He has good mileage. It is not just steam. He stood engine, comfortable seats and central locking. It is spacious inside. The car looked very tidy.
Overall, there is the feeling of driving a big car.
facts you have to know about hyundai
Encyclopedia
Hyundai refers to a group of companies and related organizations founded by Chung Ju-yung
Chung Ju-yung was, along with his brothers, the founder of Hyundai Group, at one time South Korea's largest multinational conglomerate . The Hyundai Group was split up from the 1980s till recently into many satellite groups....
In South Korea. The first Hyundai company was founded in 1947 as a Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking....
Hyundai Group is a South Korean Conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company....
Eventually became South Korea's largest Conglomerate (company)
A conglomerate is a company that consists of multiple distinct and often unrelated businesses. Conglomerates are often large and can be formed by merging more than three businesses together....
Chaebol
Chaebol refers to a South Korean form of business conglomerate . They are government-supported powerful global multinationals, often larger than entire countries' economies, owning numerous international enterprises....
The best well-known Hyundai organization is the the Hyundai Motor Company, a division of the Hyundai Kia Automotive Group, is South Korea?s largest and the world?s fifth largest automaker in terms of units sold per year....
The world's 5th largest automaker selling mid-sized sedans, coupes,SUVs and large vans like the Sonata, Genesis, Genesis Coupe, Santa Fe, and the Grand Starex(Starex or H-1).
Hyundai Heavy Industries
Hyundai Heavy Industries Co., Ltd. is the world's largest shipbuilder company, headquartered in Ulsan, South Korea. The company is a subsidiary of Hyundai Heavy Industries Group is the world's largest shipbuilder, and Hynix Semiconductor Inc. of South Korea is a memory semiconductor supplier of dynamic random access memory chips and flash memory chips. Formerly known as Hyundai Electronics, the company has manufacturing sites in Korea, the U.S., China and Taiwan is a top semiconductor producer. Other companies currently or formerly controlled by members of Chung's extended family may be loosely referred to as a part of the Hyundai chaebol.
The Hyundai Group underwent massive restructuring following the 1997 East Asian financial crisis and the founder's death in 2001. Today, many companies bearing the Hyundai name are legally unrelated, with each company having a different chairman. Former components include
Hyundai Group.
Hyundai Group is a South Korean Conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company, Hyundai Kia Automotive Group.
Hyundai Department Store Group operates the Hyundai Department Store chain of department stores in South Korea. In addition, the group operates a range of service industry businesses, Hyundai Heavy Industries Group.
The Hyundai Heavy Industries Group refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Heavy Industries regarded as de facto representative of the Group, and Hyundai Development
Hyundai Development is a South Korean company involved mainly in civil and architectural engineering. The company was established in 1976 as a part of Hyundai Group, but no longer is a part of it group. After the separation, Hyundai Group
Hyundai Group is a South Korean Conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company....
focuses on elevators, container services, and tourism to Mount Kumgang.
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