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December 1, 2008 10:00:34 AM CST


Hyundai

Hyundai news stories

8 Stories

 Detroit's Pain Could 
 Be South's Gain 

The South is home to eight foreign auto plants and more are on the way

(Newser) - Is Greer, SC, the new Motor City? With execs from the Big Three getting a frosty reception to their efforts to wrest $25 billion from the federal government to stay solvent, the home of BMW’s North American operations—as well as other Southern communities that are home to foreign car factories—could rise as Detroit slips, reports the Wall Street Journal. More »

More about:  Financial Crisis auto industry Detroit Toyota Mercedes Benz Hyundai

 Asian Stocks Dive 

Gains of recent days wiped out as investors switch focus back to slumping economy

(Newser) - Dismal earnings predictions from major companies snapped a three-day gain in Asian markets, Bloomberg reports. Japan's Nikkei index skidded 6.5% after Hyundai, Panasonic, and Isuzu warned that the US slowdown would hit earnings. Hong Kong's Hang Seng dropped 6.4%, while News Corp's Australian shares took a 21% hit—its biggest since 1987—after it announced net profit will fall. More »

More about:  Financial Crisis News Corp Asian markets Nikkei Hang Seng Panasonic Hyundai Cathay Pacific

Ford Sales, Off 34%, Key Ugly US Autos Report 

Nissan down 37%; Toyota sees 32% drop; GM fares better, but still 16% lower

(Newser) - As expected, early sales reports from automakers paint a dismal picture, MarketWatch reports. Ford reports a 34% drop in US sales in September compared to a year ago; Toyota’s were off 32% and General Motors’ fell 16%, AP adds. Industry-wide, sales are down almost 20% over this time in 2007, the Detroit Free Press writes. More »

More about:  Financial Crisis auto industry Detroit Ford car auto sales Hyundai sales slump

City Dweller: Drive These Top 10

Check out this list of the Top 10 vehicles for urbanites from Forbes

(Newser) - City streets are tight, and the stop-and-go driving eats up over-priced gas. Then there’s the parking … if you can find it. Forbes says urbanites should consider one of these city-friendly rides: Audi A3: Handles well, loaded with safety features, tiny turning radius Mazda3: Great at dodging potholes, safe MINI Cooper: Easy to park, fuel-efficient, airbags galore More »

More about:  list Toyota Hyundai Audi Mini Cooper Honda Civic Camry Honda CR-V

'Bulldozer' Prez Takes Helm
in S. Korea

Conservative ex-CEO charges into office, pledging reform

(Newser) - Proclaiming that "economic revival is our most urgent task," South Korea's new president took office today. Ex-Seoul mayor Lee Myung-bak, a longtime Hyundai exec known as "the Bulldozer," won the office in a landslide but is likely to struggle implementing the reforms he has promised if his conservative party fails to win a majority in April's parliamentary elections, the Australian reports. More »

More about:  Condoleezza Rice North Korea South Korea nuclear program Lee Myung-bak Hyundai Koreans

Right-Wing CEO Wins Korean Presidency

Lee Myung-bak promises harder line with North

(Newser) - Opposition leader Lee Myung-bak, nicknamed "The Bulldozer," has been elected president of South Korea by the largest margin in the country's democratic history. Lee, a former CEO at Hyundai and once mayor of Seoul, won 50.3% of the vote, trouncing his nearest rival, who captured just 26%, reports Reuters. Lee ran on a right-wing platform emphasizing improvements to the economy and a harder line with North Korea. More »

More about:  South Korea Lee Myung-bak Hyundai

10 Cheapest Rides to Own

Don't sacrifice your bank account to the wheel with gas and insurance costs

(Newser) - Affordable cars start at the sticker price—the lower the better. But over time, insurance payments and gas costs add up. Forbes searches out the 10 vehicles that will leave the smallest footprint on your wallet. Toyota Yaris Honda Fit Toyota Corolla More »

More about:  list auto industry Ford car Toyota Honda Chevrolet Hyundai Kia Pontiac

The 12 Greenest Rides

Forbes picks the 12 most environment-friendly cars.

(Newser) - You don't have to drive a hybrid to go green; half of Forbes' top picks for fuel-efficiency are small, brainy gas-driven cars.  Honda Civic Hybrid Sedan, $22,600 Toyota Prius Sedan, $22,175 Toyota Camry Hybrid Sedan, $26,200 Ford Escape Hybrid SUV, $25,740 Ford Focus, $13,995 Honda Accord Hybrid Sedan, $31,090 More »

More about:  list Ford car Toyota hybrid car Hyundai

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