Hyundai: Sales, Marketing, and Financial News
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From: Champaign, Illinois
Originally Posted by Moog-Type-S
^^ Damn you again, Boromir!!!!!!
Gondor Motors will save us all !
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Joined: Dec 2001
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South Korea seeks to arrest Hyundai Motor head
By Cheon Jong-woo and Lee Jin-joo
SEOUL (Reuters) - South Korean prosecutors sought an arrest warrant on Thursday for the chairman of Hyundai Motor on charges of misusing company funds, striking a blow to the country's family-run chaebol conglomerates.
Analysts fear the arrest of chairman Chung Mong-koo could create a leadership vacuum at the country's top car maker and derail its ambitions to become the world's fifth-biggest by 2010. Along with its affiliate Kia Motors Corp., it is now the seventh-biggest.
Hyundai Motor shares fell 3 percent after the news.
South Korea's finance minister tried to calm investors by saying he expected only limited impact on the economy.
Besides seeking an arrest warrant for Hyundai Motor Chairman Chung Mong-koo, prosecutors also sought to indict but not detain Chung Eui-sun, the chairman's son and president of Kia, senior prosecutor Chae Dong-wook told reporters.
Both executives were questioned in the past week over allegations the Hyundai group operated slush funds and offered cash for political favors via a lobbyist.
The probe has touched on how sprawling family-run conglomerates, or chaebol, shift money within group firms, using complex share ownership networks to control their businesses.
"We have determined to arrest Chung on charges that he made a 100 billion won ($105.7 million) slush fund and caused 300 billion won worth of damage to the company through breach of trust," said Chae, referring to Chung Mong-koo.
He did not elaborate on allegations against Chung Eui-sun, but said more executives from Hyundai could be arrested.
A Hyundai Motor spokesman declined to comment on the case.
The prosecutors' requests would be reviewed on Friday, a court source said.
Embezzlement and misappropriation of corporate funds -- involving over 5 billion won ($5.3 million) -- can each carry life jail terms in South Korea, Kang Chan-woo, a spokesman at the Supreme Prosecutors' Office told Reuters.
Chae said national interest would be kept in mind when recommending any punishments in the case.
Prosecutors have also questioned Hyundai Motor Vice Chairman Kim Dong-jin, who received a suspended two-year jail term in 2004 for playing a key role in raising a slush fund to support politicians during the 2002 presidential election.
"COULD CREATE A VACUUM"
Hyundai said in a filing to the stock exchange it would not release its first quarter-earnings as planned on Thursday and did not give a date.
"This could create a vacuum in Hyundai Motor's management," said Lim Chang-gue, a fund manager at Samsung Investment Trust Management.
"The key issue for Hyundai is its global drive. The events could postpone the speed of Hyundai Motor's globalization."
The two plan to have around half their output -- or more than 3 million vehicles -- abroad within the next five years. Last year, they made 2.7 million units at home and 750,000 abroad.
Hyundai, which means "modern", became the world's number-seven car maker in just four decades and was instrumental in rebuilding the economy after the 1950-1953 Korean War.
But along with other chaebol, its business practices and ties with politicians have come under increasing scrutiny.
Some such practices are blamed for the relatively low valuation of South Korean shares versus their Asian peers -- known as the Korea Discount.
Combined exports by Hyundai Motor and Kia account for nearly 10 percent of total exports in South Korea, Asia's fourth-biggest economy, according to company data.
"We think that it will inevitably have some impact on the economy, but it won't be that huge," South Korean Finance Minister Han Duck-soo told a weekly briefing.
Standard & Poor's Ratings Services said its ratings on the two firms were unlikely to be threatened at the present time.
CHARITY PAYMENT
Last week, Hyundai, which makes the locally popular Sonata sedan, apologized and said its chairman's family would donate to charity their entire stake in car shipping affiliate Glovis, worth $1 billion.
Prosecutors had said the donation would not alter the course of the investigation.
"Obviously, it is going to be a setback. I think the company is internally strong, but it's a matter of motivation and market perception", said Dilip Parameswaran, head of Asia credit research at Calyon Corporate and Investment Bank in Hong Kong.
"What I mean by that is that they have all the necessary skills to come up with good cars and good price."
Shares in Hyundai Motor, the country's fifth-biggest stock with a market value of about $20 billion, ended down 3 percent to 84,400 won, against a flat main index. Kia shares rose 1.29 percent to 19,600 won.
Chung Mong-koo is the eldest son of the late Chung Ju-yung, who founded the Hyundai Group in 1947 and Hyundai Motor in 1967.
The 68-year-old took control of Hyundai Motor in 1999 from his uncle Chung Se-yung, who is credited with Hyundai's rapid growth and was nicknamed "Pony Chung" after its first model.
Hyundai officials say their current chairman is a micro-manager who holds a meeting at 6:30 with executives every morning and is heavily involved in most decisions.
($1=945.8 Won)
SEOUL (Reuters) - South Korean prosecutors sought an arrest warrant on Thursday for the chairman of Hyundai Motor on charges of misusing company funds, striking a blow to the country's family-run chaebol conglomerates.
Analysts fear the arrest of chairman Chung Mong-koo could create a leadership vacuum at the country's top car maker and derail its ambitions to become the world's fifth-biggest by 2010. Along with its affiliate Kia Motors Corp., it is now the seventh-biggest.
Hyundai Motor shares fell 3 percent after the news.
South Korea's finance minister tried to calm investors by saying he expected only limited impact on the economy.
Besides seeking an arrest warrant for Hyundai Motor Chairman Chung Mong-koo, prosecutors also sought to indict but not detain Chung Eui-sun, the chairman's son and president of Kia, senior prosecutor Chae Dong-wook told reporters.
Both executives were questioned in the past week over allegations the Hyundai group operated slush funds and offered cash for political favors via a lobbyist.
The probe has touched on how sprawling family-run conglomerates, or chaebol, shift money within group firms, using complex share ownership networks to control their businesses.
"We have determined to arrest Chung on charges that he made a 100 billion won ($105.7 million) slush fund and caused 300 billion won worth of damage to the company through breach of trust," said Chae, referring to Chung Mong-koo.
He did not elaborate on allegations against Chung Eui-sun, but said more executives from Hyundai could be arrested.
A Hyundai Motor spokesman declined to comment on the case.
The prosecutors' requests would be reviewed on Friday, a court source said.
Embezzlement and misappropriation of corporate funds -- involving over 5 billion won ($5.3 million) -- can each carry life jail terms in South Korea, Kang Chan-woo, a spokesman at the Supreme Prosecutors' Office told Reuters.
Chae said national interest would be kept in mind when recommending any punishments in the case.
Prosecutors have also questioned Hyundai Motor Vice Chairman Kim Dong-jin, who received a suspended two-year jail term in 2004 for playing a key role in raising a slush fund to support politicians during the 2002 presidential election.
"COULD CREATE A VACUUM"
Hyundai said in a filing to the stock exchange it would not release its first quarter-earnings as planned on Thursday and did not give a date.
"This could create a vacuum in Hyundai Motor's management," said Lim Chang-gue, a fund manager at Samsung Investment Trust Management.
"The key issue for Hyundai is its global drive. The events could postpone the speed of Hyundai Motor's globalization."
The two plan to have around half their output -- or more than 3 million vehicles -- abroad within the next five years. Last year, they made 2.7 million units at home and 750,000 abroad.
Hyundai, which means "modern", became the world's number-seven car maker in just four decades and was instrumental in rebuilding the economy after the 1950-1953 Korean War.
But along with other chaebol, its business practices and ties with politicians have come under increasing scrutiny.
Some such practices are blamed for the relatively low valuation of South Korean shares versus their Asian peers -- known as the Korea Discount.
Combined exports by Hyundai Motor and Kia account for nearly 10 percent of total exports in South Korea, Asia's fourth-biggest economy, according to company data.
"We think that it will inevitably have some impact on the economy, but it won't be that huge," South Korean Finance Minister Han Duck-soo told a weekly briefing.
Standard & Poor's Ratings Services said its ratings on the two firms were unlikely to be threatened at the present time.
CHARITY PAYMENT
Last week, Hyundai, which makes the locally popular Sonata sedan, apologized and said its chairman's family would donate to charity their entire stake in car shipping affiliate Glovis, worth $1 billion.
Prosecutors had said the donation would not alter the course of the investigation.
"Obviously, it is going to be a setback. I think the company is internally strong, but it's a matter of motivation and market perception", said Dilip Parameswaran, head of Asia credit research at Calyon Corporate and Investment Bank in Hong Kong.
"What I mean by that is that they have all the necessary skills to come up with good cars and good price."
Shares in Hyundai Motor, the country's fifth-biggest stock with a market value of about $20 billion, ended down 3 percent to 84,400 won, against a flat main index. Kia shares rose 1.29 percent to 19,600 won.
Chung Mong-koo is the eldest son of the late Chung Ju-yung, who founded the Hyundai Group in 1947 and Hyundai Motor in 1967.
The 68-year-old took control of Hyundai Motor in 1999 from his uncle Chung Se-yung, who is credited with Hyundai's rapid growth and was nicknamed "Pony Chung" after its first model.
Hyundai officials say their current chairman is a micro-manager who holds a meeting at 6:30 with executives every morning and is heavily involved in most decisions.
($1=945.8 Won)
hail to the victors
Joined: Sep 2003
Posts: 3,498
Likes: 1
From: chicago
Hyundai Passes Nissan to become Worlds 6th Largest Automaker
http://car-reviews.automobile.com/ne...utomaker/1916/
What a week for Hyundai Motor Co. and its subsidiary Kia Motors Corp. Not only have both brands enjoyed stellar performance on J.D. Powers and Associates highly influential Initial Quality Study (IQS), seeing the Hyundai division topple both Toyota and Honda to achieve the highest ranking amongst entry-level nameplates, third place with only 102 problems per 100 vehicles (only Porsche and Lexus are ahead), and Kia rise up through the ranks to place ahead of Mercedes-Benz, BMW, Mazda and Subaru, plus many others, but now, according to an Automotive News survey, Hyundai Automotive Group (which includes Kia) outpaced Nissan in 2005 to lay claim on the sixth worlds largest automaker title with a total of 3,715,096 global unit sales.
Automotive News surveyed global automotive sales and production of cars, light trucks, commercial vehicles and buses to arrive at the conclusion, which showed Hyundai Automotive Group registering an 11.6 percent improvement in global sales during 2005. No rival carmaker in the million-plus sales category came close to achieving what the Korean group did with regards to percentage gain. Therefore, Hyundai and Kia moved up a single ranking from seventh place the year before.
Where has all the growth come from? While Hyundai and Kia are making significant inroads in North America, both brands have made major gains in the Chinese, Indian and Russian markets.
While a celebration is no doubt under way at Hyundai-Kia group operations around the world, the Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
Current Global Automaker Rankings:
Ranking - Manufacturer - 2005 Global Sales
1. General Motors - 8,381,805
2. Toyota Motor Corp. - 8,120,000
3. Ford Motor Co. - 6,208,700
4. Volkswagen AG - 5,242,793
5. DaimlerChrysler AG - 4,854,700
6. Hyundai Automotive Group - 3,715,095
7. Nissan Motor Co. - 3,597,748
8. PSA/Peugeot-Citroen SA - 3,390,000
9. Honda Motor Co. - 3,365,000
10. Renault SA - 2,533,428
Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
What a week for Hyundai Motor Co. and its subsidiary Kia Motors Corp. Not only have both brands enjoyed stellar performance on J.D. Powers and Associates highly influential Initial Quality Study (IQS), seeing the Hyundai division topple both Toyota and Honda to achieve the highest ranking amongst entry-level nameplates, third place with only 102 problems per 100 vehicles (only Porsche and Lexus are ahead), and Kia rise up through the ranks to place ahead of Mercedes-Benz, BMW, Mazda and Subaru, plus many others, but now, according to an Automotive News survey, Hyundai Automotive Group (which includes Kia) outpaced Nissan in 2005 to lay claim on the sixth worlds largest automaker title with a total of 3,715,096 global unit sales.
Automotive News surveyed global automotive sales and production of cars, light trucks, commercial vehicles and buses to arrive at the conclusion, which showed Hyundai Automotive Group registering an 11.6 percent improvement in global sales during 2005. No rival carmaker in the million-plus sales category came close to achieving what the Korean group did with regards to percentage gain. Therefore, Hyundai and Kia moved up a single ranking from seventh place the year before.
Where has all the growth come from? While Hyundai and Kia are making significant inroads in North America, both brands have made major gains in the Chinese, Indian and Russian markets.
While a celebration is no doubt under way at Hyundai-Kia group operations around the world, the Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
Current Global Automaker Rankings:
Ranking - Manufacturer - 2005 Global Sales
1. General Motors - 8,381,805
2. Toyota Motor Corp. - 8,120,000
3. Ford Motor Co. - 6,208,700
4. Volkswagen AG - 5,242,793
5. DaimlerChrysler AG - 4,854,700
6. Hyundai Automotive Group - 3,715,095
7. Nissan Motor Co. - 3,597,748
8. PSA/Peugeot-Citroen SA - 3,390,000
9. Honda Motor Co. - 3,365,000
10. Renault SA - 2,533,428
Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
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Joined: Aug 2002
Posts: 35,218
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From: Swansea, MA
Originally Posted by unlemming
Kinda sad for Honda way down there...also, is that fair to Nissan? Kia and Hyundai are grouped as one but Renault and Nissan are not?
The renault/nissan connect is a bit more fuzzy...
http://en.wikipedia.org/wiki/Renault
Renault has a stake of 44.4 per cent in Japanese automaker Nissan together with which they form the Renault-Nissan Alliance. Nissan in turn took a 15 per cent stake in Renault in 2002. Renault also owns Samsung Motors (Renault Samsung Motors) and Dacia, as well as retaining a minority stake (20%) in Volvo Trucks.
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Joined: May 2004
Posts: 6,542
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From: Edmonton, Alberta
Originally Posted by unlemming
Kinda sad for Honda way down there...also, is that fair to Nissan? Kia and Hyundai are grouped as one but Renault and Nissan are not?
Intermediate
Joined: Apr 2006
Posts: 40
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From: So Cal
In addition to the Honda comments, Honda and to a much greater extent Acura, do not aim to churn out as many cars as possible. There are only so many cars made per year and then that's it.
Besides, bigger is not better... GM and Ford have already proven that.
Toyota deserves it's crown since it took the high road so many decades ago and now has a LARGE fleet that are all QUALITY because of their patience and commitment to reliability.
Besides, bigger is not better... GM and Ford have already proven that.
Toyota deserves it's crown since it took the high road so many decades ago and now has a LARGE fleet that are all QUALITY because of their patience and commitment to reliability.
I'm a llama :(
Joined: Jul 2004
Posts: 4,243
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From: Washington
Originally Posted by TL Maestro
In addition to the Honda comments, Honda and to a much greater extent Acura, do not aim to churn out as many cars as possible. There are only so many cars made per year and then that's it.
Besides, bigger is not better... GM and Ford have already proven that.
Toyota deserves it's crown since it took the high road so many decades ago and now has a LARGE fleet that are all QUALITY because of their patience and commitment to reliability.
Besides, bigger is not better... GM and Ford have already proven that.
Toyota deserves it's crown since it took the high road so many decades ago and now has a LARGE fleet that are all QUALITY because of their patience and commitment to reliability.
6G TLX-S
Joined: Dec 2000
Posts: 10,224
Likes: 1,181
From: YVR
Originally Posted by youngTL
Honda has never been a large company w.r.t. the others. It has always been behind Toyota and Nissan in sales in Japan and worldwide.
Safety Car
Joined: Sep 2002
Posts: 4,426
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From: philly
Originally Posted by chungkopi
http://car-reviews.automobile.com/ne...utomaker/1916/
What a week for Hyundai Motor Co. and its subsidiary Kia Motors Corp. Not only have both brands enjoyed stellar performance on J.D. Powers and Associates highly influential Initial Quality Study (IQS), seeing the Hyundai division topple both Toyota and Honda to achieve the highest ranking amongst entry-level nameplates, third place with only 102 problems per 100 vehicles (only Porsche and Lexus are ahead), and Kia rise up through the ranks to place ahead of Mercedes-Benz, BMW, Mazda and Subaru, plus many others, but now, according to an Automotive News survey, Hyundai Automotive Group (which includes Kia) outpaced Nissan in 2005 to lay claim on the sixth worlds largest automaker title with a total of 3,715,096 global unit sales.
Automotive News surveyed global automotive sales and production of cars, light trucks, commercial vehicles and buses to arrive at the conclusion, which showed Hyundai Automotive Group registering an 11.6 percent improvement in global sales during 2005. No rival carmaker in the million-plus sales category came close to achieving what the Korean group did with regards to percentage gain. Therefore, Hyundai and Kia moved up a single ranking from seventh place the year before.
Where has all the growth come from? While Hyundai and Kia are making significant inroads in North America, both brands have made major gains in the Chinese, Indian and Russian markets.
While a celebration is no doubt under way at Hyundai-Kia group operations around the world, the Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
Current Global Automaker Rankings:
Ranking - Manufacturer - 2005 Global Sales
1. General Motors - 8,381,805
2. Toyota Motor Corp. - 8,120,000
3. Ford Motor Co. - 6,208,700
4. Volkswagen AG - 5,242,793
5. DaimlerChrysler AG - 4,854,700
6. Hyundai Automotive Group - 3,715,095
7. Nissan Motor Co. - 3,597,748
8. PSA/Peugeot-Citroen SA - 3,390,000
9. Honda Motor Co. - 3,365,000
10. Renault SA - 2,533,428
Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
What a week for Hyundai Motor Co. and its subsidiary Kia Motors Corp. Not only have both brands enjoyed stellar performance on J.D. Powers and Associates highly influential Initial Quality Study (IQS), seeing the Hyundai division topple both Toyota and Honda to achieve the highest ranking amongst entry-level nameplates, third place with only 102 problems per 100 vehicles (only Porsche and Lexus are ahead), and Kia rise up through the ranks to place ahead of Mercedes-Benz, BMW, Mazda and Subaru, plus many others, but now, according to an Automotive News survey, Hyundai Automotive Group (which includes Kia) outpaced Nissan in 2005 to lay claim on the sixth worlds largest automaker title with a total of 3,715,096 global unit sales.
Automotive News surveyed global automotive sales and production of cars, light trucks, commercial vehicles and buses to arrive at the conclusion, which showed Hyundai Automotive Group registering an 11.6 percent improvement in global sales during 2005. No rival carmaker in the million-plus sales category came close to achieving what the Korean group did with regards to percentage gain. Therefore, Hyundai and Kia moved up a single ranking from seventh place the year before.
Where has all the growth come from? While Hyundai and Kia are making significant inroads in North America, both brands have made major gains in the Chinese, Indian and Russian markets.
While a celebration is no doubt under way at Hyundai-Kia group operations around the world, the Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
Current Global Automaker Rankings:
Ranking - Manufacturer - 2005 Global Sales
1. General Motors - 8,381,805
2. Toyota Motor Corp. - 8,120,000
3. Ford Motor Co. - 6,208,700
4. Volkswagen AG - 5,242,793
5. DaimlerChrysler AG - 4,854,700
6. Hyundai Automotive Group - 3,715,095
7. Nissan Motor Co. - 3,597,748
8. PSA/Peugeot-Citroen SA - 3,390,000
9. Honda Motor Co. - 3,365,000
10. Renault SA - 2,533,428
Korean manufacturer has its long-term sights on the fifth largest ranking, targeting 2010 to move up one more notch. Is it doable? Never say never, of course, but it would mean continued growth by its Hyundai and Kia brands as well as a dramatic decrease in DaimlerChryslers sales, now sitting at 4,854,700 units - 1,139,605 units more than Hyundai Automotive Group. And DCX is pushing its Chrysler Group products more aggressively in Europe, Dodge for the first time, which should only strengthen its fifth place ranking.
Still, since 1999, Hyundai Automotive Group has passed Fiat, Honda, PSA/Peugeot-Citroen, Nissan and Renault, in their quest to move into sixth place globally. Dont doubt that DaimlerChrysler AG is paying close attention.
All cars are about style, design, what looks good beats anything. If Hyundai/Kia wanna try and take the market with reliability- thats the long road, contrary to Toyota belief.
If they push ahead with style foremost, that will equal the winnars circle.
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Joined: May 2004
Posts: 6,542
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From: Edmonton, Alberta
Originally Posted by Ken1997TL
Honda has always been an engine company, the largest in the world in fact. Cars are just a piece of the pie.
Boat motors, lawnmowers (best out there IMO), pressure washers, motorcycles (that's a big one, they're one of the biggest for this), atv's etc. Honda came in really late to the game with automobiles if you think about it.
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Joined: Sep 2002
Posts: 4,426
Likes: 0
From: philly
Originally Posted by youngTL
Boat motors, lawnmowers (best out there IMO), pressure washers, motorcycles (that's a big one, they're one of the biggest for this), atv's etc. Honda came in really late to the game with automobiles if you think about it.
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Joined: Dec 2001
Posts: 168,919
Likes: 23,738
Strike halts Hyundai exports...
Oh noes! 
Well, not really.
http://www.leftlanenews.com/2006/07/...undai-exports/
Well, not really.
http://www.leftlanenews.com/2006/07/...undai-exports/
A partial strike by Hyundai assembly workers in South Korea has forced the automaker to suspend vehicle exports, the automaker said today. "Exports have stopped," Hyundai spokesman Oles Gadacz said. Luckily, the automaker has about three month's worth of vehicle inventory already shipped overseas, so no supply disruption will happen in the immediate future. The strike has so far cost the company 78,616 vehicles in lost production worth 1.08 trillion won ($1.13 billion). Workers are seeking higher wages and better working conditions.
FTW 
Houses Won't Depreciate?
Joined: Feb 2003
Posts: 6,238
Likes: 0
From: Weston, FL
Hyundai is one of the top brands amongst US car buyers...
Even higher than Toyota 
http://www.scoop.co.nz/stories/BU0609/S00097.htm
It is now official, Hyundai is one of the top brands amongst US car buyers creating highly satisfied customers.
California based marketing analysis firm AutoPacific has found the Hyundai brand to be top rated among buyers. The company’s award winning Sonata sedan and Santa Fe SUV topped the premium mid-size car and mid-size SUV categories respectively.
Based on a survey of vehicle buyers between September 2005 and January 2006, the survey found companies including Hyundai and BMW best understood their customers and created a vehicle closest to their customers’ key desires and requirements.
This recognition for Hyundai follows closely on the heels of many of the company’s other accolades around the world, most notably from the prestigious IQS (Initial Quality Study) vehicle survey conducted by J.D. Power and Associates, also in the USA.
Accessing vehicle quality and reliability, the IQS study across all makes and models placed Hyundai in the top three brands for all types of vehicles and the top brand for mainstream vehicles.
Managing Director of Hyundai New Zealand, Philip Eustace said the awards reinforced what thousands of Kiwi Hyundai owners already knew.
“As a brand and as individual vehicles the level of quality and design in Hyundai vehicles are world class and up there with the best.”
California based marketing analysis firm AutoPacific has found the Hyundai brand to be top rated among buyers. The company’s award winning Sonata sedan and Santa Fe SUV topped the premium mid-size car and mid-size SUV categories respectively.
Based on a survey of vehicle buyers between September 2005 and January 2006, the survey found companies including Hyundai and BMW best understood their customers and created a vehicle closest to their customers’ key desires and requirements.
This recognition for Hyundai follows closely on the heels of many of the company’s other accolades around the world, most notably from the prestigious IQS (Initial Quality Study) vehicle survey conducted by J.D. Power and Associates, also in the USA.
Accessing vehicle quality and reliability, the IQS study across all makes and models placed Hyundai in the top three brands for all types of vehicles and the top brand for mainstream vehicles.
Managing Director of Hyundai New Zealand, Philip Eustace said the awards reinforced what thousands of Kiwi Hyundai owners already knew.
“As a brand and as individual vehicles the level of quality and design in Hyundai vehicles are world class and up there with the best.”
No doubt that Hyundai has done a fantastic job reinventing itself for the American buyers. All they have to do is nudge their fuel mileage figures up a few more ticks and bring their resale values up a bit more and they'll be playing in the same league as Honda and Toyota.
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Joined: May 2001
Posts: 5,122
Likes: 30
From: Windsor, ON, Canada
Give them a few more years. I believe they are the real thing. They are the only company right now that has Toyota scared...
I still won't buy one right now due to fuel economy issues and the dealership in my city not having a great reputation ... but if I was in a bigger city like Toronto ... no problems. I would pick a Sonata over an Accord right now (at least, until the next gen Accord comes out). But I do like the look of the Accord coupe ...
I still won't buy one right now due to fuel economy issues and the dealership in my city not having a great reputation ... but if I was in a bigger city like Toronto ... no problems. I would pick a Sonata over an Accord right now (at least, until the next gen Accord comes out). But I do like the look of the Accord coupe ...
Senior Moderator
Joined: Aug 2002
Posts: 35,218
Likes: 15
From: Swansea, MA
Originally Posted by n3ok318
You know, it's fun to watch a company grow over time 
I worked in a parts store back in the late 80's/early 90's and it was suprising to see so many requests for parts on the relatively new Hyundais... They've grow up quite a bit since 1986...
The Sonata is probably the first Hyundai that I would consider buying.. (if it wasn't for resale value).
Houses Won't Depreciate?
Joined: Feb 2003
Posts: 6,238
Likes: 0
From: Weston, FL
Originally Posted by corey415
High fleet sales = low resale.
The problem with Hyundai is just Brand Image. Once the old folks stop giving negative PR to Hyundai, they are all good.
My prediction is that Hyundai would be second after Toyota, in the next 10 years.
Originally Posted by zamo
In some cases. I see a lot of Corollas and Altimas in Rental Fleets, and their resale value is still high.
The problem with Hyundai is just Brand Image. Once the old folks stop giving negative PR to Hyundai, they are all good.
My prediction is that Hyundai would be second after Toyota, in the next 10 years.
The problem with Hyundai is just Brand Image. Once the old folks stop giving negative PR to Hyundai, they are all good.
My prediction is that Hyundai would be second after Toyota, in the next 10 years.
Stupid critics who refuse to see beyond their earlier prejudice and stereotypes will always exist. Hyundai doesn't have to try to convince these idiots. They just need to convince smart buyers of today that their products are a great value and great cars.
Toyota launched the new Camry earlier than scheduled, in order to offset the effects from the launch of the NF Sonata. Toyota is scared. And now these Camries are busting trannies.
Smitty's Moral Police
Joined: Apr 2003
Posts: 943
Likes: 1
From: California
On paper the Sonata looks really good. But in reality I would never choose one over the Honda/Toyota (and probably not Nissan but I haven't driven the Altima). I do want to drive the new Santa Fe though, see if they fixed the poor ride the Sonata had.