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Tag Archives: hyundai
Toyota Joins IONNA EV Charging Network in North America
IONNA and Toyota Motor North America (NYSE: TM) said today announced that Toyota has joined seven other automakers as an investor in IONNA* to support the build-out of its charging network for battery electric vehicles (BEVs) across North America. This … Continue reading
Posted in news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, BMW, general motors, honda, hyundai, IONNA, Ken Zino, kia, mercedes-benz, Stellantis, Ted Ogawa, toyota
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Seven Automakers to Build North American Charging Network
The awakened policy shift from partisanship toward cooperation in saving the planet for the pernicious effects of climate change, aka global warming, is the latest beneficial result of the Biden Administration’s Inflation Reduction Act, which in part is using once eschewed and mocked national industrial policy to effectively serve all – as in We the People – in the US. The socialist aspects of the policy also have larger global benefits as well. Continue reading
Hyundai Motor Group, SK On Approve US Battery Cell JV
In November 2022, the Group signed a memorandum of understanding (MOU) with SK On to secure EV battery supply for North America. The total investment amount for the joint venture is expected to be ~$5 billion, with the Group and SK On each holding a 50% stake. Continue reading
Hyundai Motor, Michelin MoU to Develop Tires for Premium EVs
It appears a prime motivator of the new research is on tire performance to accommodate the increases in vehicle weight that will occur as automakers rush to convert or spawn EVs in the utility vehicle and luxury segments, which generally speaking are larger and less efficient than their counterparts in the more modestly priced car segments. As the size, weight and range of EVs continue to increase, so do the demands placed on the tires. Continue reading
Hyundai Revives Job Loss Protection. Genesis Joins
Originally started in January 2009 as a result of the financial crisis, the Hyundai Assurance Job Loss Protection program was the first of its kind for an automaker in the U.S. Continue reading
Posted in economy, marketing
Tagged auto industry commentary, autoinformed.com, COVID-19, Genesis, hyundai, Job Loss Protection, Kenneth Zino
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Toyota, Honda Post Huge September Sales Gains, Nissan Stalls
Worrisome for competitors were increases in market share of 2.6% at Toyota, and 1.2% at Honda year-over-year, according to AutoData. Each percentage point in share is worth roughly $1 billion dollars in profits, according to an old industry rule of thumb. Left as road kill was Nissan whose share dropped more than 1% with sales of 92% units. Continue reading
Posted in auto news, marketing, news analysis, results, sales
Tagged auto informed, autoinformed.com, automotive news, honda, hyundai, imports, Ken Zino, kia, nissan, results, september sales, toyota
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Japanese Big 3 – Toyota, Honda, Nissan – Sales Up in May
Toyota Motor came close to displacing Ford Motor from its assumed Number 2 spot in the U.S. by posting monthly sales of 202,973 – within a rounding error of Ford’s 215,699 and firmly putting Toyota in the Number 3 sales spot for the year-to-date. The other Japanese powerhouse members were also back in shape. American Honda posted sales of 134,000 (576,000 ytd) easily ahead of the Nissan at 92,000 (485,000 ytd). With a new Accord and Altima due this fall, the family car market is about to becomes more competitive than it has been in years, which is good for buyers but might leave weaker and older entries as road kill. Continue reading
Posted in auto news, marketing, results, sales
Tagged auto informed, autoinformed.com, automotive news, BMW, CX-5, honda, hyundai, Ken Zino, kia, lexus gs, may sales, mazda, mercedes-benz, nissan, results, Skyactiv, toyota, volkswagen
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Iran Auto Production Down 27% as UANI Blasts Peugeot and Nissan for Ongoing Business with Islamic Revolutionary Guard
The auto industry represents 20% of Iran’s GDP that is dominated by the Islamic Revolutionary Guard Corps. UANI has developed model legislation, The DRIVE Act, to force auto manufacturers to choose between American taxpayers and the regime. The DRIVE Act requires automakers to certify they are not engaged in any business in Iran, or engaged in the implementation of any agreement with Iranian entities in order to be eligible for U.S. government contracts or financial assistance. Continue reading
Posted in auto news, news, news analysis, people, transportation
Tagged auto informed, autoinformed.com, automotive news, GM, hanging chads, hyundai, iran, Ken Zino, mark d. Wallace, mazda, nuclear weapons, Peugeot, porsche, uani
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Hyundai Sales Flat in April as Capacity Constraints Hurt
“Never has a relatively flat sales month felt quite so good,” said Dave Zuchowski, Hyundai Motor America’s executive vice president of national sales. The question facing Hyundai remains how to increase production to find out what is the true demand for its hot selling, highly styled vehicle lines? It has been clear for more than a year now that Hyundai needs another plant, a risk that management has so far been reluctant to take. Continue reading
Posted in auto news, manufacturing, results, sales
Tagged auto informed, autoinformed.com, automotive news, elantra, hyundai, hyundai alabama, hyundai sales, Ken Zino, results, sonata
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Hyundai Joins ACEA as European Auto Sales Slump Continues
The irony is that European automakers remain opposed to the terms of the Korean FTA, which went into effect last July. Automobiles are now the largest export product of the South Korean economy. Its car industry with a production of 3 million cars per year, of which 2 million (64%) are exported – 300,000 of which were sent to the EU in 2010. ACEA points out that by contrast, 74% of cars produced in the EU are also registered in the EU. Because of its size and importance, the EU is a key target market for Korean manufacturers, but “uneven implementation will place the whole EU economy at a disadvantage,” according to the trade group. Continue reading
Posted in auto news
Tagged acea, auto informed, autoinformed.com, automotive news, eu, eurozone crisis, hyundai, Ken Zino, Korean fta
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European Auto Sales down in 2011 for Fourth Straight Year
For the year American automakers General Motors finished fourth with a flat 8.7% share. Fifth place Ford Motor (8%, a slight decline) made no sales progress either, even though both companies have introduced a series of new models. Sixth place Fiat – the owner of Chrysler courtesy of American taxpayers – continues to struggle along with Italy, off almost a full percentage point in share to 7.1%. One bright spot – Jeep sales are up 63% from an admittedly small base to more than 22,000 units. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged 2011 results, acea, auto informed, autoinformed.com, automotive news, eu, european auto sales, eurozone sales, hyundai, Ken Zino, Korean fta, marchionne, results eu results
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First Lifetime Hybrid Battery Warranty On Hyundai Sonata
The announcement appears to be an opportunistic and pre-emptive use of public relations, given current Chevrolet Volt battery fire concerns. The Chevrolet Volt uses the same supplier – LG Chem – as the 2011 model Sonata Hybrid. Model year 2012 Sonata hybrid versions are just about to go on sale since Hyundai is still clearing out inventories of its 2011 Sonata Hybrid. This is a rare sales setback for Hyundai, which also captured the North American Car of the Car of the Year award for its Elantra compact car at NAIAS, and reflects a larger hybrid sales problem that most automakers have. Continue reading
President Obama and South Korean President Lee Defend Korean FTA at a Michigan General Motors Small Car Plant
President Barack Obama and South Korean President Lee Myung-bak toured the General Motors Orion Assembly Plant on Friday and spoke to several hundred workers and guests in support of the pending U.S-South Korean Free Trade Agreement. The rally came as U.S. long term unemployment remain at record post Great Depression levels. Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world, and – up to now – its car market has been closed. Continue reading
Posted in auto news, economy, labor issues, news analysis, people, results, sales
Tagged auto informed, autoinformed, autoinformed.com, chrysler, Ford, GM, hyundai, Ken Zino, kia, Korean free trade agreement, Korean fta, president obama, trade imbalances, u.s trade deficit, uaw, unemployment, zino
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IONNA Breaks Ground on So-Called Rechargery for EVs
IONNA, a charging network founded by eight automakers – BMW, General Motors, Honda, Hyundai, Mercedes-Benz, Kia, Stellantis and Toyota – announced today the ground breaking for the first IONNA ‘Rechargery.’ It is remaking a historic district gas station into an EV charging station in Apex, North Carolina. AutoInformed notes the irony, and also that the town was built around a railroad steam engine refill pond, which the workers dubbed Apex. Continue reading →